France has seen a significant increase in crypto businesses establishing their European headquarters in the country over the past decade. This rise can be attributed to favorable tax rates, a talented pool of individuals from across Europe, and a strong culture of innovation in the Web3 space. Additionally, France was quick to adopt clear regulations
The US government has responded to former FTX executive Ryan Salame’s attempt to void his guilty plea, asserting that his claims of false promises from prosecutors are unfounded. The US Attorney’s Office has stated that Salame’s allegations are “demonstrably false” and have emphasized that the charges against Salame’s partner, Michelle Bond, are separate and ongoing.
Meta’s recent decision to cancel its next-generation mixed-reality headset has sent shockwaves through the tech community. The move, which CEO Mark Zuckerberg and other top executives deemed necessary after a product review meeting, reflects a broader shift in the company’s strategic priorities. Instead of going head-to-head with high-end hardware competitors like Apple’s Vision Pro, Meta
A former Kansas bank executive, Shan Hanes, was recently sentenced to 293 months in federal prison for his involvement in a cryptocurrency fraud scheme that led to the collapse of Heartland Tri-State Bank (HTSB). Hanes, who served as the CEO of HTSB, pleaded guilty to embezzling $47.1 million through unauthorized wire transfers to a cryptocurrency
In a surprising turn of events, Bitcoin crashed below $50,000 on August 5th, causing a ripple effect that led to a market-wide downturn. This unexpected plunge, which affected other cryptocurrencies as well, caught many investors off guard. Following the crash, Bitcoin managed to bounce back by 20%, but short-term holders are still facing losses. Glassnode’s
As the cryptocurrency market grapples with uncertain price movements and lack of clear direction, the Ethereum (ETH) network is on the brink of a major transformation with the upcoming Pectra upgrade scheduled for the first quarter of 2025. This upgrade has garnered significant attention from bullish analysts who believe it could be the driving force
The recent endorsement of rate cuts by Federal Reserve Chairman, Jerome Powell, has sparked a new wave of speculation in the financial markets. While the current benchmark rate for overnight money market loans hovers around 5.25% to 5.5%, Powell’s announcement at Jackson Hole, Wyoming indicated a clear intention to lower interest rates in the near
Pavel Durov, the founder of the popular messaging app Telegram, has found himself in hot waters following his arrest in France over the weekend. The incident has led to a surge in support from various well-known public figures, including Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson, among others. Turbulence in the Crypto
The recent announcement from Federal Reserve Chairman Jerome Powell regarding a potential rate cut has sent shockwaves through the cryptocurrency market, particularly Bitcoin. The sudden spike of over 6% in Bitcoin’s price demonstrates the market’s sensitivity to such policy changes. This unpredictability in price movement has become a hallmark of Bitcoin’s recent behavior. Despite the
Cryptocurrency analyst @XForceGlobal recently shared a video chart analysis focusing on Cardano (ADA), a digital asset that some are referring to as a “dinosaur coin” in the current market landscape. The analysis delves into Cardano’s position within the Elliott Wave cycle, suggesting a potential strong upward trajectory in the near future. XForceGlobal drew comparisons between