The recent crash in Bitcoin price, bringing it back toward the $56,000 level, was triggered by a brief pump following the CPI data release on Thursday. The released data showed that inflation rates came out at 3%, which was lower than expected. Despite desperate attempts from bulls to keep the price up, the bearish trend
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In recent years, stablecoins have experienced several high-profile collapses and de-pegging events. Despite these challenges, stablecoins have managed to maintain and even increase their market share, showcasing a growing demand for these digital assets. The market, however, remains dominated by Tether’s USDT, although its stronghold has been weakening over the past couple of years. According
In a recent hearing, Judge Katherine Polk Failla raised doubts about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing legal case against the cryptocurrency exchange. Despite Coinbase’s insistence on acquiring Gensler’s communications, including statements made before he assumed his role as SEC Chair, Judge Failla expressed skepticism. She pointed out that Coinbase
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
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
