Recently, Senators Cynthia Lummis and Ron Wyden raised concerns about the Department of Justice’s attempt to expand the definition of a money-transmitting business. They argued that the DOJ’s broad interpretation could potentially criminalize non-custodial crypto asset software services. This has sparked a debate on the implications of such a move. The Department of Justice’s argument
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Shiba Inu, the popular meme coin, has been making headlines recently with its increasing adoption as a payment method. CoinGate, a blockchain payment processor based in Lithuania, has joined the trend by integrating Shiba Inu with Polygon and Binance Smart Chain. This move opens up new opportunities for businesses to accept and manage cryptocurrencies, bridging
In the face of uncertainty within the cryptocurrency market, Crypto Jelle has provided a positive perspective on the future of Bitcoin. Despite recent price consolidation, Jelle believes that Bitcoin’s bull run is far from over, with the potential for the cryptocurrency to rally further in the coming months. Following the fourth Bitcoin Halving event, expectations
After gaining fame for his involvement in the GameStop short squeeze of 2021, Roaring Kitty, also known as the legendary leader of the Wall Street Bets campaign for GameStop (GME), has made a comeback. His return has not only reignited the excitement in the market but also caused a surge in GME’s stock price. Market
Bitcoin’s price has been experiencing a period of stagnation after dropping from the $75K level. Many view this as a bearish reversal, but upon closer inspection, the momentum appears to be shifting. The BTC price has been moving within a descending channel pattern, forming lower highs and lows. However, the $60K support zone has managed
Crypto analyst Ali Martinez recently discussed the potential future of Bitcoin, pinpointing the importance of the flagship cryptocurrency reaching $76,000. According to Martinez, if Bitcoin fails to reclaim $64,290 as support, there is a risk of a significant drop in price, possibly revisiting levels last seen at the beginning of the year. The analysis is
Robinhood, the popular millennial trading platform, released its earnings report on May 8 and managed to surpass analyst estimates. The first-quarter results showcased record revenues of $618 million, marking a significant 40% increase year-over-year. Notably, revenue from cryptocurrencies saw an impressive surge of 232% to $126 million. This surge was largely driven by transaction-based revenues
Polkadot has recently made significant improvements to its network performance, enhancing both the speed and capacity for processing transactions. One of the key advancements that have been recently implemented is the Asynchronous Backing mechanism on the network. This optimized approach for validating parachain blocks by the Relay Chain has resulted in blocks being produced twice
Bitcoin, the leading cryptocurrency, has been experiencing a downward trend since hitting its all-time high back in March. This decline has triggered a shift in market sentiment among crypto traders, with the once popular buy-the-dip strategy losing its appeal. As observed by the crypto analytics platform Santiment, the excitement around purchasing ‘cheap’ Bitcoin seems to
Ethereum (ETH) has experienced a tumultuous week, with a 6.45% decline adding to its recent struggles. Over the past few months, Ether has disappointed investors with a 16.57% drop in price, leaving many wanting more. The recent sell-off by a crypto whale, who disposed of all 6,714 ETH tokens at a loss despite appearing to