In a recent interview, Charles Hoskinson, CEO of IOG, made a bold statement by calling the Bitcoin following a ‘religion’ and deemed it unsustainable. He criticized Bitcoin’s devout following, likening it to a religion, and declared that the crypto industry has outgrown its dependence on Bitcoin. According to him, the industry no longer needs Bitcoin
Bitcoin
Recently, Bybit crypto exchange CEO, Ben Zhou, has refuted claims circulating on social media regarding the alleged insolvency of the exchange. These rumors started to surface this week on social media platforms, with speculations suggesting a bug in a proof-of-reserves graph from Arkham Intelligence may have initiated the gossip. Zhou was quick to dismiss these
The recent decision by the United States House of Representatives to pass the CBDC Anti-Surveillance State Act has sparked a significant debate within the crypto community and beyond. The bill, introduced by Rep. Tom Emmer, aims to prevent the Federal Reserve from directly issuing a Central Bank Digital Currency to the American people. This has
The cryptocurrency market has been a hot topic among investors recently, with many showing confidence and optimism in the potential for growth. One popular crypto analyst, known as Crypto Con, has made predictions regarding the timeline for Bitcoin to reach its peak in the current bull cycle. By analyzing historical data and trends, Crypto Con
Bitcoin whales are not backing down from the market and have continued to capitalize on the pump by buying every dip. The most recent dip toward $60,000 saw these large investors gobble up BTC at an alarming rate, with their daily spending coming in at billions of dollars. In a stunning discovery, co-founder of Bitcoin-based
Uniswap Labs has recently issued a strong response to the SEC’s Wells notice, rejecting the agency’s attempts to regulate DeFi as misguided and legally unsound. The company expressed confidence in its position and readiness to defend itself in potential litigation against the SEC. In a blog post on May 20, Uniswap Labs criticized the SEC’s
Institutional investors have recently been doubling down on Bitcoin, showing a surge in confidence in the leading cryptocurrency. Last week, investment funds related to Bitcoin saw massive inflows, totaling $942 million. This surge in investments is seen as a bullish signal that could potentially drive Bitcoin’s price to $80,000. This influx of capital is attributed
Peter Schiff, a prominent gold bug, has been relentless in his criticism of bitcoin, even as the cryptocurrency soared above $70,000. Schiff’s latest warning came in response to the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission. He believes that if these ETFs are given the green light, it could
The recent surge in Bitcoin and Ethereum prices has not been without casualties in the crypto market. In the past day alone, over $330 million has been liquidated, with short traders bearing the brunt of the losses. According to Coinglass data, more than 78,000 crypto traders have seen their positions liquidated, resulting in hundreds of
Recent developments within the SEC have sparked greater optimism surrounding potential approvals for spot Ethereum ETF applications. Sources have indicated that the SEC has requested applicants to update their 19-b4 filings, leading to speculations that the regulatory body may not deny pending applications as initially expected. ETF analyst Eric Balchunas and ETF Store President Nate