Brian Armstrong, the CEO of Coinbase, has recently spotlighted a crucial issue facing the cryptocurrency community: the U.S. Securities and Exchange Commission’s (SEC) inconsistent and often contradictory stance towards digital assets. Armstrong’s commentary emerged amid growing frustration within the crypto ecosystem regarding the SEC’s regulatory framework. His call for the next SEC chair to initiate
Crypto
As of late October 2023, Bitcoin (BTC) is enjoying an upsurge, nearing its historic peak of $73,750—a level that has generated considerable anticipation among investors and market analysts alike. On October 29, Bitcoin’s value approached this all-time high, only to witness a slight pullback, stabilizing around $72,200. This momentary dip has not dampened the overall
Recently, Bitcoin’s price navigated an impressive rebound that took it to a peak of $71,500. However, this surge was met with resistance from bearish traders, resulting in a subsequent decline of approximately $2,000. Following a robust beginning to the week, where Bitcoin exceeded the $70,000 mark and even touched a multi-month high of $73,600, expectations
In a startling move that has captured significant attention within the cryptocurrency community, Swiss-based decentralized trading platform dYdX has confirmed a substantial 35% reduction in its workforce. CEO Antonio Juliano, who took to social media platform X to announce the layoffs, characterized the decision as “sad” yet necessary. His brief yet poignant statement hinted at
The cryptocurrency exchange Bitpanda, headquartered in Austria, is setting its sights on an initial public offering (IPO) in Frankfurt, which could affirm its market valuation at approximately $4 billion. This strategic decision has garnered attention within the financial sector, as the potential move was initially highlighted by Bloomberg on October 28 through confidential sources. While
During the recent Binance Blockchain Week held in Dubai, Circle’s CEO, Jeremy Allaire, shared an optimistic perspective on the evolving regulatory landscape for cryptocurrencies and stablecoins. His remarks highlighted a significant trend: governments and financial institutions around the world seem to be inching towards more structured regulations in the crypto sector. This is noteworthy as
On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) achieved a remarkable milestone, capturing a substantial $872 million in inflows, marking the highest single-day total since its inception in January. This upswing came on the heels of a notable spike in daily trading volume, which reached $3.35 billion—its most significant level in over six months. IBIT
In recent weeks, Bitcoin’s price fluctuations have garnered considerable attention, especially following its impressive ascent to $73,600 on October 29. This surge nearly breached a new all-time high, indicating significant bullish momentum in the market. Presently, Bitcoin hovers around $72,200, and many in the cryptocurrency community are analyzing the potential for further increases. Notably, analysts
In a recent examination of Polymarket, the largest blockchain betting platform, doubts have been cast regarding its credibility as a reliable predictor for electoral outcomes. On October 30, a Fortune article highlighted troubling findings from two separate investigations carried out by Chaos Labs and Inca Digital. Both firms raised alarm over what they described as
In a groundbreaking maneuver, the Royal Government of Bhutan has infused 929 Bitcoin (BTC) into the Binance cryptocurrency exchange. This transaction, which aligns with Bitcoin’s recent surge above the $70,000 mark for the first time since June, has stirred conversations around the country’s intentions and its long-term strategy concerning digital currencies. The introduction of this