The current state of Bitcoin, according to Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, is characterized by being ~10% off of its all-time highs and on the brink of cannibalism. Despite the NASDAQ surging 16% since April 19, Bitcoin has shown relatively flat performance within the macroeconomic environment. This underperformance is
The Bitcoin network has recently made a significant impact in the NFT industry, with data from NFT tracker CryptoSlam showing that Bitcoin-based NFTs have reached a total sales volume of $4.29 billion as of June 18. This surpasses the previous record held by the Ronin blockchain, placing Bitcoin third in the rankings behind Ethereum and
Growing up in Edo State, Nigeria, I was surrounded by a supportive family who instilled in me the values of perseverance and hard work. My siblings have always been my role models, guiding me through life’s challenges and helping me become the person I am today. My parents, in particular, have been the driving force
The recent news of the SEC closing its investigation into Ethereum 2.0 has sent ripples through the crypto market. This decision comes after Consensys sought clarity from the SEC following the approval of ETH ETFs, which classified ETH as a commodity. The closure of the investigation signifies a victory for Ethereum developers and industry participants,
The US SEC has once again raised concerns about Circle’s stablecoin, USDC, as the company attempts to go public through an IPO. The regulatory documents reveal that the SEC is worried about the classification of USDC and other stablecoins as securities under US law. This is not a new issue, as similar concerns were expressed
Recently, South Korea’s Financial Supervisory Service (FSS) made headlines regarding the rumored removal of multiple digital assets from local crypto exchanges. The FSS clarified its role in this matter, stating that it had instructed registered exchanges like Upbit, Bithumb, and Gopax to assess various tokens on their platforms. This directive is in alignment with the
Brazil’s Special Department of Federal Revenue has recently announced plans to collect information from foreign crypto exchanges to ensure compliance with local regulations. The tax department’s initiative aims to investigate how these exchanges operate within the country and whether they are following the regulations introduced in 2019. Deputy Secretary of Inspection Andrea Chaves emphasized the
David Hirsh, the Chief of the Crypto Asset and Cyber Unit at the Securities and Exchange Commission (SEC), recently announced his resignation from the agency. After spending nine years with the regulator, Hirsh took to LinkedIn to express his gratitude towards his colleagues, mentors, and friends for their support. He mentioned that his career would
The recent trends in the crypto market have shown a shift in investor sentiment, as seen by the significant outflows in digital asset funds. After five weeks of consecutive inflows, last week witnessed a sharp turnaround with $600 million in net outflows, according to CoinShares data. This sudden change in trend has raised concerns among
Ripple’s XRP has shown resilience in the face of negative market conditions, with a 1% increase in the past 24 hours and a 3% rise over the week. This performance has outpaced major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), which saw a decline of approximately 3% during the same time
