News
Fairshake PAC's $20 million investment has yielded significant results in three U.S. state primaries, where candidates supported by the political action committee achieved notable victories. The PAC focuses on promoting pro-cryptocurrency policies and candidates, aiming to influence the political landscape in favor of the crypto industry. The
News
On May 20, 2023, analysts provided price predictions for several major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and others. Bitcoin is expected to face resistance around $30,000, while Ethereum may test the $2,000 mark. Binance Coin is projected to hold steady near $300, and XRP
News
The SEC's "Crypto Mom," Hester Peirce, is set to leave her position at the regulatory agency to join a law school as a faculty member. Peirce, known for her pro-crypto stance and advocacy for regulatory clarity in the digital asset space, has been a prominent figure
China
A recent proposal in Congress aims to direct the IRS to review the de minimis exemption for cryptocurrency transactions. This exemption currently allows individuals to avoid tax reporting on small transactions, typically under $200. The proposed reform seeks to clarify and potentially expand these exemptions to encourage broader adoption of
China
Securitize reported a significant increase in revenue during the last quarter, achieving a record high of $9.1 million, which represents a 200% year-over-year growth. Despite this growth, the company continues to operate at a loss, with a net loss of $4.3 million for the quarter. Securitize is planning
China
SpaceX held 18,712 bitcoins valued at approximately $1.29 billion as of the end of the first quarter, according to its recent IPO filing. This significant cryptocurrency holding is part of the company's broader financial strategy. The filing highlights SpaceX's growing interest in digital assets
News
Colossal CEO Ben Lamm announced that the company is nearing a breakthrough in developing an artificial womb capable of growing mammals, stating they are at the "one-yard line" of the project. This technology aims to aid in de-extinction efforts, particularly for species like the woolly mammoth. The artificial
Fairshake PAC, a political action committee focused on cryptocurrency advocacy, has reported significant victories in recent primary elections. The PAC's candidates, who support pro-crypto policies, have gained traction in various races, suggesting a growing influence of cryptocurrency interests in politics. The outcomes are seen as a potential boost
SpaceX's recent IPO filing has disclosed that the company holds a significant Bitcoin position valued at $1.45 billion. This revelation highlights SpaceX's ongoing interest in cryptocurrency as part of its financial strategy. The filing indicates that the Bitcoin holdings are part of a broader investment
Ethereum traders are expressing concerns about a potential significant price drop if the $2,000 support level is breached. Analysts suggest that a break below this critical threshold could trigger increased selling pressure, leading to a rapid decline in ETH's value. The current market sentiment is cautious, with
A recent report by Glassnode indicates that nearly 10% of the total Bitcoin supply is at risk of being compromised due to potential advancements in quantum computing. This vulnerability arises from the possibility that quantum computers could break the cryptographic algorithms that secure Bitcoin transactions. The analysis highlights that approximately
Bitcoin experienced a notable sell-off in the U.S. market as investors reacted to broader economic concerns and awaited Nvidia's upcoming earnings report, anticipated to be one of the biggest events of the season. The cryptocurrency's price fluctuated amid uncertainty, reflecting the impact of macroeconomic factors
The Ethereum Foundation has experienced significant departures, including key figures involved in its development, which has ignited discussions about the future direction of the Ethereum network. These exits raise concerns about the foundation's stability and its ability to maintain leadership in the competitive blockchain space. Analysts suggest that
Crypto custody firm Copper is seeking to sell the company for $500 million amid a challenging market environment. The firm, which provides services for institutional investors, has faced increased competition and regulatory scrutiny. Copper's management believes that a sale could provide the necessary resources to enhance its offerings
During a recent Senate Commerce hearing, prediction market firms faced scrutiny over their rapid growth and the potential risks associated with their operations. Lawmakers expressed concerns about the lack of regulation in the sector and the implications for consumer protection and market integrity. The hearing highlighted the need for clearer
South Carolina has enacted a law that prohibits the use of Central Bank Digital Currencies (CBDCs) within the state. The legislation aims to protect cryptocurrency users and Bitcoin miners from potential regulatory overreach associated with CBDCs. It emphasizes the importance of maintaining a free market for digital currencies and safeguarding
Tether has acquired a controlling stake in the Bitcoin treasury firm Twenty One through a buyout facilitated by SoftBank. This move strengthens Tether's influence in the cryptocurrency market, particularly in Bitcoin treasury management. The acquisition is part of Tether's broader strategy to expand its portfolio and
GitHub has confirmed that approximately 3,800 internal repositories were stolen due to a compromised Visual Studio Code (VS Code) extension. The breach occurred when attackers exploited a vulnerability in the extension, allowing them to access sensitive data. GitHub has since taken measures to secure its systems and is investigating
Bitcoin's recent price momentum is showing signs of weakening, prompting traders to closely monitor key support levels. Analysts suggest that if Bitcoin falls below the $27,000 mark, it could trigger further selling pressure. The $25,000 level is identified as a critical support point that could determine