The landscape of the US Bitcoin industry is currently facing an uncertain future as various factors come into play, threatening to shift the paradigm in a way that may not be favorable for the industry as a whole. With the looming presence of a Bitcoin ETF controlled by major financial institutions and the potential legislation
Cryptocurrency
Binance, once a prominent player in the cryptocurrency world, is now facing the consequences of its actions. In November 2023, the company and its former CEO, Changpeng Zhao (CZ), pleaded guilty to charges of money laundering and sanctions violations. This marked a turning point in Binance’s trajectory, leading to a plea deal that would have
Bitcoin mining difficulty has been steadily increasing over the past several years, with no signs of slowing down. Just recently, the metric soared to a new all-time high of over 81T, marking an 8.2% increase. This rise showcases the network’s robustness, particularly as the fourth halving approaches. Despite challenges like the Chinese ban on crypto
Cardano’s price recently broke through the $0.61 barrier on Feb. 16, marking a significant milestone for the cryptocurrency. What’s interesting is the unusual trend observed in the derivatives market, indicating that more bullish action could be on the horizon. While Cardano (ADA) has emerged as one of the best-performing mega-cap crypto assets in recent times,
VeChain has experienced a significant surge in price recently, with a 24-hour change of +6.23% and a total increase of +74% in VET price over the past six consecutive days. This uptick in price is attributed to the anticipation of a major update set to be released at the Mobile World Congress later this month.
Recent reports reveal that the US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is currently investigating cryptocurrency-related financial conflicts of interest. Empower Oversight, an accountability group, brought attention to the matter, highlighting concerns regarding the failures of the SEC’s Ethics Office and a former official, William Hinman. Allegations suggest that Hinman engaged
During the Exchange ETF conference in Miami Beach, a discussion between Matt Hougan and Ric Edelman shed light on the future potential of spot Bitcoin ETFs. Edelman boldly predicted a massive influx of $150 billion into spot Bitcoin ETFs by the end of 2025, a significant leap from the current $5 billion. This surge is
XRP’s price recently saw an increase above $0.57 within a 24-hour period, only to be pulled back down to around $0.56 by sellers. Despite this pullback, the price still marked a significant increase of over 10% since February 9th when it was trading below $0.52. This price volatility is not uncommon for XRP, a cryptocurrency
Ethereum (ETH) is gaining momentum in the cryptocurrency market, inching closer to the $3,000 mark. One of the key factors fueling this upward trajectory is the increasing popularity of ETH staking. With Ethereum 2.0 gaining traction, more investors are opting to lock their ETH into staking contracts. This not only allows them to earn passive
Coinbase, one of the major US crypto exchanges, recently released its financial report for the fourth quarter of 2023, shedding light on its performance over the year. The report revealed some key insights into the company’s financial health and growth trajectory. In Q4 2023, Coinbase reported a net income of $273 million and an adjusted