The recent surge in demand for bitcoin (BTC) in the United States can be attributed to Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium. While BTC has seen a rally in the U.S. market, the overall demand for Bitcoin globally has remained relatively low in recent weeks. This discrepancy highlights the growing
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Opeyemi is not your average individual when it comes to his interests. He has found himself deeply immersed in the world of cryptocurrency, despite it not being his initial career path. His journey into this space has lasted for over two years, and he has not looked back since. What sets Opeyemi apart is his
The highly-anticipated 2024 bitcoin bull run has not gone according to plan, despite the asset breaking its 2021 all-time high early on. As Bitcoin struggled to maintain its momentum towards the $100,000 mark, Perplexity identified several factors that could potentially fuel another run by the end of 2024. Earlier this year, Bitcoin made history by
Semilore Faleti is a noteworthy figure in the field of cryptocurrency journalism, with a keen focus on blockchain technology and digital assets. His journey began with a diverse range of writing subjects, but it was his interest in the complexities of the crypto world that truly captured his attention. Over the course of two years,
In a recent statement, the US Securities and Exchange Commission (SEC) highlighted the pressing need for retail investors to have more timely access to fund portfolio data. The existing regulatory framework mandates that registered investment companies provide periodic portfolio holdings data to the Commission and investors. However, this data is often delayed, leaving approximately 70
The U.S. Securities and Exchange Commission (SEC) has recently taken legal action against two brothers, Jonathan Adam and Tanner Adam, for spearheading a $60 million Ponzi scheme. The lawsuit, filed in the United States District Court for the Northern District of Georgia in Atlanta on August 26, accuses the siblings of deceiving more than 80
Ethereum (ETH) has been experiencing a period of stagnation in its price movement, with daily trading ranges between $2,300 and $2,800 since the beginning of August. The recent struggle to break past the $2,600 mark has raised concerns among analysts and investors about Ethereum’s future performance. According to critical data from Farside Investors, there has
Ethereum co-founder Vitalik Buterin has once again made headlines within the cryptocurrency community with a significant transfer of ETH. Reports have shown that Buterin moved 800 ETH with an estimated value of $2.01 million to a multisig wallet. This comes after a previous transfer of 3,000 ETH, worth approximately $8.04 million, to the same wallet
The Financial Times recently reported that crypto firms are increasingly shying away from the UK due to burdensome and time-consuming regulatory processes. According to law firm Reed Smith, registrations for crypto exchanges and custodian wallet providers with the Financial Conduct Authority (FCA) have seen a significant drop of over 50% in the past three years.
The high level of centralization in certain cryptocurrencies poses a significant risk to the overall philosophy of decentralization that the crypto industry aims to promote. Projects like Polygon (MATIC) and Shiba Inu (SHIB) have come under scrutiny for the disproportionate influence wielded by a small number of entities. The data provided by Santiment reveals that