Tom Lee, the head of research at Fundstrat, has once again reiterated his prediction that Bitcoin will skyrocket to $150,000. Despite the current bearish trends in the market, Lee remains optimistic about the future of the pioneer cryptocurrency. In a recent interview with CNBC Television, he emphasized his belief that Bitcoin will reach new all-time
Cash
Recently, the European Central Bank (ECB) provided an update on the progress of its preparation phase for the digital Euro CBDC, set to conclude in October 2025. The central bank emphasized the importance of privacy and data protection in this digital currency endeavor. However, upon closer examination, several concerning aspects of the digital Euro came
Recently, a US bankruptcy court granted FTX approval to proceed with a liquidation plan that would involve paying customer claims in cash. The plan, which is set to pay customers based on the cryptocurrency prices at the time of FTX’s collapse in November 2022, has sparked controversy among creditors. Despite objections from customers who believe
Recently, Terraform Labs found itself in a legal battle with the Securities and Exchange Commission (SEC), culminating in a $4.47 billion settlement related to fraudulent activities surrounding the defunct Terra blockchain. The SEC sought approval from US District Judge Jed Rakoff for a “proposed final consent judgment” involving Terraform and its co-founder, Do Kwon. The
The recent report released by the EU Innovation Hub for Internal Security sheds light on the significant impact that cryptocurrencies are having on law enforcement efforts. One of the key findings of the report is the increasing difficulty for authorities to track and recover illicit digital assets that are being moved through decentralized methods like
The objections raised by creditors of the bankrupt cryptocurrency exchange FTX highlight significant concerns regarding the proposed reorganization plan. One of the key issues revolves around the failure to address property rights issues and meet the best interest test as required by the Bankruptcy Code. This omission raises questions about the fairness and legality of
Semler Scientific, a med-tech company based in California, has recently made headlines with its strategic move of purchasing additional bitcoins. The company acquired an additional 247 BTC for $17 million, bringing its total bitcoin holdings to 828, which were acquired for $57 million. This bold investment move aligns with Semler’s corporate strategy and signifies a
Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. This represents a significant increase from their previous prediction of $11,800 for the same period. The firm attributes
Robinhood’s recent announcement of acquiring Bitstamp for $200 million in cash has sent shockwaves across the global crypto market. This strategic move is poised to redefine the landscape of the industry and solidify Robinhood’s position as a key player in the sector. The acquisition of Bitstamp, a major global crypto exchange founded in 2011, will
In the midst of the broader market recovery, the XRP Ledger (XRPL) experienced a surge in network activity across various metrics. According to a recent report by Messari, active addresses and transactions on XRPL saw a significant increase. Active addresses rose by 37% quarter-over-quarter (QoQ), while transactions increased by a whopping 113% QoQ. This surge