The crypto industry has been facing various challenges under the current administration, as discussed by Andreessen Horowitz founders Ben Horowitz and Marc Andreessen. They openly criticized the Biden-Harris Administration’s handling of the cryptocurrency sector, pointing out regulatory hurdles that are hindering innovation and growth. The lack of clear guidance from the Securities and Exchange Commission
Cons
The Machines Arena Play-to-Airdrop (P2A) campaign is designed to engage users through a gamified reward system that offers lucrative returns. Players can earn points by participating in various activities both inside and outside the game. To get started, players need to register on the official Machines Arena website and purchase a VIP membership. This campaign
Cynthia Lummis recently released a report opposing the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. Lummis argues that this tax could have severe repercussions on the growing Bitcoin mining industry in the U.S. She believes that the concerns about environmental pollution and risks to the energy grid are unfounded
BitcoinOS (BOS) developers recently achieved a monumental milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This breakthrough paves the way for significantly enhanced scalability and functionality for Bitcoin without the need for modifications to its underlying consensus code. The final verification of the ZK proof took place
Recently, the Russian State Duma passed a bill legalizing Bitcoin mining and allowing the use of cryptocurrency for international trade. This bill, which has been in the works for a few years, is expected to come into effect on September 1st, pending final approval. The legislation aims to address the challenges faced by Russian banks
Igloo, Inc., the company known for its popular NFT brand Pudgy Penguins, has recently secured a whopping $11 million in funding to propel the development of its groundbreaking Ethereum layer-2 scaling network, Abstract. This significant achievement marks a crucial step forward in Igloo’s quest for blockchain innovation. The lead investor in this successful funding round
The much-awaited Ethereum ETFs have finally made their debut in the market, signaling a significant milestone for Ethereum and other altcoins. Industry experts and enthusiasts are closely monitoring how these ETFs could potentially influence Ethereum’s price movements in the upcoming months. One prominent figure in the crypto space, known as Doctor Profit, has made a
The recent price action of Ethereum has been consolidating above the 100 and 200-day moving averages, indicating a bullish trend in the market. After breaking above the critical 100-day moving average at $3,354, Ethereum entered a phase of sideways fluctuation, lacking clear direction. This period confirms the breakout and suggests an equilibrium between buyers and
The United States House of Representatives recently made a significant move by unanimously passing the Financial Technology Protection Act. The bill, introduced by Representative Zach Nunn in April 2023, aims to combat the use of digital platforms for illicit activities and terrorism financing. This legislation was approved on July 22, 2024, highlighting the government’s commitment
The recent positive inflows towards the largest spot Bitcoin ETFs in the US have not been enough to stabilize the price of the underlying asset. Despite initial gains, the price retraced significantly in the past day, dipping below $65,000 at one point. However, it has managed to bounce back and is currently hovering around $67,000.