In a surprising revelation, X CTO and chairman Elon Musk accused the European Commission (EC) of proposing an “illegal secret deal” to censor speech on the social media platform in order to avoid facing fines within the EU. Musk took to social media on July 12 to voice his concerns after the EC published its
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Germany’s on-chain Bitcoin wallet balance has officially reached zero, indicating that the sell pressure from the European economic powerhouse is likely coming to an end. This news comes after weeks of a bearish narrative hanging over the crypto market, with on-chain indicators now suggesting that a local bottom is near. According to Arkham Intelligence, the
After more than three years of scrutiny, the Securities and Exchange Commission (SEC) has finally closed its investigation into Hiro and the Stacks blockchain. This marks a significant milestone for the Bitcoin Layer-2 network, which has been under the regulatory microscope since the first-ever SEC-qualified offering by Stacks in 2019. The news of the investigation
The recent announcement from the SEC stating the closure of its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action marks a significant milestone in the history of the Bitcoin Layer-2 network. After more than three years of scrutiny, the news has brought relief to the team behind Hiro Systems and
Ethereum’s price has experienced a significant drop recently, particularly after facing resistance at the $4,000 level for the second time. Looking at the daily chart, it is clear that the price has been forming lower highs and lows ever since failing to break through the $4,000 resistance. Additionally, the market has broken below the 200-day
Cryptocurrency market watchers and analysts have been debating whether Bitcoin has reached its peak in the current cycle, especially after its all-time high above $73,000 in March. However, one crypto analyst known as ‘CryptoCon’ has provided a detailed analysis of Bitcoin’s recent price movements using the Relative Strength Index (RSI) Bollinger Band % phases. In
The UK Law Commission recently released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities created for a shared goal, such as investing in start-ups or purchasing historical documents. This paper raises an essential issue by pointing out the lack of consensus on what
The US Securities and Exchange Commission (SEC) recently made headlines by accepting a proposal that includes exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This decision is aimed at easing the burden on banks and brokerages when it comes to balance sheet reporting related to crypto assets. Under
Growing up in Edo State, Nigeria, surrounded by my supportive family, I have always been inspired by my siblings and parents. Their guidance has shaped my understanding of life and instilled in me the values of perseverance and determination. These values have been instrumental in my journey into the world of cryptocurrency, a field that
Bitcoin’s price has been on a rollercoaster ride recently, with significant fluctuations in a short period of time. Just yesterday, the price surged near $60,000 after the release of CPI numbers, only to lose momentum and retrace by over $2,000. This extreme volatility has been a common theme for Bitcoin in recent days. Market Reaction
