On October 24, the Pennsylvania House of Representatives made a significant stride in the legislative landscape concerning digital assets by passing House Bill 2481, popularly dubbed the “Bitcoin Rights” bill. This bill has garnered remarkable bipartisan endorsement, being voted through with a resounding count of 176 to 26. The support was unanimous among the 100
Crypto
On Friday, October 25, the cryptocurrency sector braces for a noteworthy event: the expiration of approximately 62,600 Bitcoin options contracts, entailing a staggering notional value of around $4.26 billion. This month’s option expiry resonates with increased importance due to its alignment with month-end dynamics, elevating its potential influence over market movements relative to regular weekly
The legal saga involving Tigran Gambaryan, a senior executive at Binance, has stirred discussions about cryptocurrency regulations, international diplomacy, and human rights. Recently, Nigerian authorities moved to dismiss all charges against him, significantly altering the narrative of his legal troubles that began with allegations of money laundering and tax evasion. Given the complexities of the
The recent exploit of Radiant Capital, which resulted in the theft of approximately $52 million worth of cryptocurrency, serves as a stark reminder of the vulnerabilities persisting within decentralized finance (DeFi) platforms. As witnessed on October 16, the lack of robust security measures, despite previous incidents, has left the platform exposed, inviting scrutiny of the
Formerly at the helm of Celsius, Alex Mashinsky finds himself facing a daunting array of legal challenges as he prepares for a court appearance on November 13, 2023, in the Southern District of New York. This hearing is particularly significant, as it comes at a critical juncture for Mashinsky, who is battling serious allegations including
Michael Saylor, the founder of MicroStrategy and a prominent figure in the Bitcoin community, recently stepped into a whirlwind of controversy regarding his views on Bitcoin custody. His comments suggesting that institutional players like BlackRock and Fidelity present a safer choice for holding Bitcoin have ignited a spirited debate within the crypto sphere. While Saylor
The cryptocurrency market is rife with speculation, predictions, and strategic analysis as investors attempt to navigate the complexities of digital assets. One of the most compelling focal points in this realm is XRP, the native token of Ripple, which has reportedly struggled in 2023 yet holds immense potential in the eyes of certain analysts. As
Ethereum’s market landscape is exhibiting signs of volatility, primarily manifested through an escalating Estimated Leverage Ratio (ELR). This metric, which serves as a barometer for market sentiment, indicates a troubling trend where an increasing number of traders are engaging in highly leveraged short positions. As highlighted by market analyst ShayanBTC, recent data implies that many
The landscape of cryptocurrency regulation in the United States continues to be tumultuous, primarily under the leadership of Gary Gensler, the chair of the Securities and Exchange Commission (SEC). In a recent interview with Bloomberg, Gensler articulated the SEC’s dedication to upholding existing securities laws, reinforcing a stringent enforcement mechanism that has faced significant criticism
The cryptocurrency market is undergoing a notable transformation as major whale transactions skyrocket, particularly for a few select projects. At the forefront of this phenomenon is ApeCoin (APE), an ERC-20 token associated with the Bored Ape Yacht Club (BAYC). Recent data highlights a jaw-dropping 2102.56% increase in transactions exceeding $100K within just a week, a
