A recent legislative move by a group of Senate Republicans, spearheaded by Senator Ted Cruz of Texas, has brought the issue of central bank digital currencies (CBDC) into the spotlight. The proposed bill, known as the Central Bank Digital Currency Anti-Surveillance State Act, aims to restrict the Federal Reserve’s ability to introduce a CBDC without
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Bitcoin ETFs have been making waves in the investment industry, with Bloomberg analysts predicting that they could soon surpass gold ETFs in terms of size. This prediction comes after Bitcoin ETFs absorbed over $5 billion in inflows within just a few weeks of their launch. According to Eric Balchunas and Andre Yapp of Bloomberg Intelligence,
Ethereum has been on a notable upswing recently, surpassing key resistance levels and breaking through the significant psychological barrier of $3,000. This surge indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3,600 as the next target. Taking a closer look at the daily
The cryptocurrency world has been plagued by scams and thefts, leaving victims devastated by the loss of their digital assets. However, amidst this chaos, on-chain researcher ZachXBT has emerged as a beacon of hope for those who have fallen prey to cybercriminals. One of his most recent successes involved the recovery of stolen funds from
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a topic of intense discussion within the cryptocurrency industry since December 2020. At that time, the SEC accused Ripple of conducting an unregistered securities offering by raising over $1.3 billion through the sale of XRP tokens. Ripple, on the other hand,
In the vast world of cryptocurrencies, a new player has emerged on the scene that is catching the attention of investors and enthusiasts alike. Mollars (MOLLARS), a new token currently in presale on the Ethereum Blockchain, is positioning itself to become a prominent store-of-value (SoV) token within the cryptocurrency market. With a limited maximum supply
In a recent turn of events, the Energy Information Administration (EIA) has decided to halt its controversial survey of crypto mining firms due to a lawsuit filed by Riot Platforms and the Texas Blockchain Council. This decision came after the lawsuit was launched on Feb. 22, naming the EIA, the Department of Energy, the Office
Recently, crypto analyst Ali Martinez, also known as @ali_charts, shared a technical analysis that has sparked interest among ADA traders. The analysis points out a potential sell signal on the three-day chart for Cardano against the US dollar. This sell signal, indicated by the TD Sequential indicator showing a ‘9’ setup, is often viewed as
Kraken, a prominent cryptocurrency exchange, recently found itself embroiled in legal action initiated by the US Securities and Exchange Commission (SEC). The charges brought against Kraken were said to be a response to the firm’s vocal advocacy for regulatory boundaries within the digital asset industry. In a blog post dated February 22, Kraken revealed that
House Majority Whip Tom Emmer recently raised concerns about government agencies under the Biden administration starting to collect data on Bitcoin mining firms. Emmer criticized the Office of Management and Budget (OMB) for approving a request from the Energy Information Administration (EIA) to implement an information collection regime on the Bitcoin mining industry without a