In a bold critique of the concept of a U.S. Bitcoin reserve, former BitMEX co-founder Arthur Hayes has articulated his reservations regarding the practicality and motivations behind such governmental action. Through his essay “The Genie,” Hayes presents a compelling case against the stockpiling of Bitcoin by the government, revealing the intricacies of political maneuvering that
Crypto
Ethereum, the second-largest cryptocurrency by market capitalization, has found itself struggling to maintain momentum, with the price hovering below the crucial $2,800 mark. Over the past month, Ethereum (ETH) has faced a notable decline of approximately 24%. This downturn is particularly concerning given the bullish atmosphere surrounding the broader cryptocurrency market, where many digital assets
On February 4, a significant disruption occurred within the XRP Ledger (XRPL), which briefly halted block production at a critical ledger height. This situation was characterized by a one-hour outage that raised alarms among users and observers alike. Despite the serious nature of this interruption, Ripple’s Chief Technology Officer, David Schwartz, reported a surprisingly rapid
As the world hurtles towards digital transformation, Thailand stands on the brink of a significant evolution in its financial landscape. The Thailand Securities and Exchange Commission (SEC) is spearheading an initiative to develop a Distributed Ledger Technology (DLT)-based system aimed at revolutionizing the way debt instruments like bonds are traded. This upcoming framework is positioned
The world of decentralized finance (DeFi) has witnessed unprecedented growth and innovation, but along with this expansion comes an increasing vulnerability to malicious actors. One of the alarming instances of this vulnerability is exemplified in the case of Andean Medjedovic, a 22-year-old Canadian accused of orchestrating a sophisticated scheme that allegedly defrauded two DeFi platforms—Indexed
In the fast-evolving arena of cryptocurrency and derivatives trading, new challenges and regulatory risks emerge regularly. Recently, the Commodity Futures Trading Commission (CFTC) has taken a keen interest in event contracts offered by firms like Crypto.com and Kalshi. This scrutiny stems from the CFTC’s responsibility to ensure that financial products comply with existing compliance and
The Pi Network has firmly established itself in the cryptocurrency landscape, despite its controversial status and continuous delays regarding its native token and mainnet launch. With over 100 million downloads globally, the platform demonstrates an undeniable appeal, particularly within Asian markets. However, as the community navigates the complexities of KYC requirements and account management, pressing
Bitcoin has once again proven its reputation for unpredictability, with a tumultuous sequence of events unfolding over a matter of days. On Monday, Bitcoin’s value experienced a staggering decline of $10,000 in a single day before making a noteworthy rebound, only to face further fluctuations. This chaotic behavior reflects not only the volatility inherent in
THORChain recently faced a critical inflection point as it dealt with a substantial debt issue, peaking at nearly $200 million. In light of this financial turmoil, the governance body approved Proposal 6, an essential measure aimed at restructuring the protocol and providing a pathway to recovery. This proposal signifies a pivotal moment not only for
Elon Musk’s foray into government reform through the Department of Government Efficiency (D.O.G.E.) has stirred significant debate, particularly regarding the U.S. Treasury’s handling of finances. In a series of incendiary remarks on social media, Musk directed attention to potential fraudulent payments approved by Treasury officials. His bold claims not only ignited discussions around systemic inefficiencies
