Yesterday marked a significant and tumultuous chapter in Bitcoin’s journey, as the cryptocurrency soared to an astonishing peak exceeding $100,000 for the first time in its history. However, this jubilant moment was fleeting. Moments later, the price succumbed to a sharp decline, dipping back toward the low $98,000 range. The crypto community was initially electrified
Crypto
The appointment of David O. Sacks as the artificial intelligence and cryptocurrency czar under President-elect Donald Trump signals a pivotal shift in the U.S. administration’s technological landscape. This move, steeped in significance, not only outlines Trump’s commitment to fostering innovation but also highlights his intentions to confront the growing influence of Big Tech in American
Amid a broader market recovery, the Tron blockchain has demonstrated remarkable strength, culminating in an impressive total value locked (TVL) of $36.2 billion as of December 4. This development signifies not just a rebound, but also a newfound interest from investors and developers alike in the decentralized finance (DeFi) sector. The record-high TVL indicates an
Federal Reserve Chairman Jerome Powell has once again reiterated his skepticism towards Bitcoin, emphasizing its role as a speculative asset rather than a functional currency. This perspective was reinforced during his recent address at The New York Times DealBook Summit in Manhattan, where his remarks heightened the ongoing debate surrounding Bitcoin’s legitimacy and potential in
MARA Holdings, renowned as the largest Bitcoin mining entity publicly traded on Wall Street, has recently announced an impressive financial maneuver that underscores their commitment to bolstering their cryptocurrency holdings. On December 5, the company revealed that it had successfully closed a substantial $850 million offering of convertible senior notes. This strategic move aims to
In a significant move reflecting the evolving landscape of cryptocurrency, Foundry Digital has announced a 27% reduction in its workforce, impacting 74 employees. This decision aligns with a broader strategic realignment by the company’s parent organization, Digital Currency Group (DCG). The layoffs represent a concerted effort to prioritize essential operations primarily centered around Bitcoin mining,
As Bitcoin grapples with the elusive $100,000 milestone, the altcoin market has showcased remarkable resilience, with Binance Coin (BNB) leading the charge. BNB’s recent performance has been nothing short of spectacular, as it reached an all-time high after a six-month hiatus. Within a mere 24-hour period, BNB skyrocketed by over 22%, achieving a record valuation
Launched in 2019, Pi Network boasts an impressive user base of over 14 million individuals who have engaged with the platform and completed Know Your Customer (KYC) verification. This number is significant, especially considering that Pi Network has always promised to democratize cryptocurrency mining by enabling users to mine digital tokens straight from their smartphones.
The cryptocurrency market has been subjected to intense scrutiny following the spectacular downfall of FTX and Alameda Research. On December 3, a notable event occurred as the U.S. government transferred approximately $33.6 million worth of several cryptocurrencies to two unmarked addresses. The digital assets in question included high-profile tokens such as Ethereum (ETH), Binance USD
The recent life sentence of Stanislav Moiseev, the alleged mastermind behind the infamous Hydra marketplace, marks a significant turning point in the realm of online drug trafficking. Alongside a hefty fine and lengthy prison terms for other members of his operation, the court’s decision highlights the efforts of law enforcement to combat illegal activities facilitated