In the wake of Pavel Durov’s controversial arrest in France, a wave of support has emerged from various celebrities and public figures. Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have all publicly declared their backing for the Telegram founder. This outpouring of support comes after Durov was detained for alleged failure to
Crypto
The US Securities and Exchange Commission has firmly opposed Hex founder Richard Heart’s motion to dismiss the $1 billion securities fraud lawsuit filed against him. The SEC argued that Heart’s attempt to dismiss the lawsuit does not adequately address the allegations laid out in the complaint and ignores established legal standards. The regulator emphasized its
The recent announcement by the Federal Reserve regarding interest rate cuts has sent shockwaves through the financial markets. Powell’s speech in Jackson Hole, Wyoming, indicated a clear shift towards a regime of interest rate cutting, with an explicit endorsement of rate cuts in the near future. This change in policy direction has the potential to
Bitcoin ETFs have been grabbing headlines recently with a staggering influx of over $500 million in the last trading week alone. This surge comes after a rough start earlier in the month, where losses amounted to more than $550 million in just three days. The steep decline in Bitcoin’s price, plummeting from over $65,000 to
Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. This scheme, known as “pig butchering,” involved luring unsuspecting investors into fraudulent digital asset investments through unauthorized wire transfers. Hanes executed 11 of these transfers between May and July
Shibarium is a layer-2 blockchain solution that operates on the Ethereum network, specifically catering to the needs of the Shiba Inu ecosystem. The primary objective of Shibarium is to reduce transaction costs, enhance speed, and boost scalability within the network. Launched a year ago, Shibarium has achieved significant milestones, processing over 418 million transactions to
German authorities recently conducted a large-scale operation to seize nearly 250,000 euros and 13 crypto ATMs as part of a crackdown on unlicensed cryptocurrency activities. Led by the Federal Financial Supervisory Authority (BaFin), the operation targeted 35 locations across the country where crypto ATMs were allegedly operating without proper licensing. This initiative, carried out in
The recent report from Coinbase suggests that the upcoming 2024 US presidential elections could see a significant impact from young voters who are pro-crypto. This demographic, made up of Gen Z and Millennials, now accounts for 40% of the electorate and is increasingly throwing their support behind candidates who advocate for cryptocurrencies and financial innovation.
The recent surge in Bitcoin’s price, reaching $65,000 for the first time since early August, can be attributed to a combination of factors. One of the main reasons behind this price increase is believed to be linked to the actions of the US Federal Reserve. Over the past few years, Bitcoin’s price has shown a
The historical data on Bitcoin demand has shown that high demand often precedes price recoveries and rallies. However, the current market dynamics paint a different picture. Recent reports have indicated that Bitcoin demand growth has stagnated, remaining at low levels since early April when the cryptocurrency was trading around $70,000. One of the key indicators
