Bitcoin, the leading cryptocurrency, has seen a 15% drop in price since reaching an all-time high of over $73,500 in mid-March. Despite this significant decline, there are indications that the bull run may not be over yet. Various factors point to potential buying opportunities for investors looking to capitalize on the market situation. One of
In the first half of 2024, Bitcoin and Ethereum have emerged as the standout performers in the financial market. These cryptocurrencies have managed to outshine traditional investment options such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This incredible performance has caught the attention of many investors and analysts alike.
Billionaire investor Mark Cuban recently highlighted the challenges faced by token-based companies when it comes to registering with the US Securities and Exchange Commission (SEC). Cuban’s concerns stem from SEC Commissioner Mark Uyeda’s acknowledgement that the current approach to crypto disclosure filings is “problematic.” The existing Form S-1, which is required for companies to offer
Binance.US, the American arm of the world’s largest crypto exchange by trading volume, Binance, is currently facing a legal battle with the Securities and Exchange Commission (SEC). The SEC has filed several allegations against Binance.US, accusing the exchange of violating securities laws. On July 1, Binance.US released a statement indicating that the Court had decided
Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” where he delves into the parallels between historical economic upheavals and the current financial landscape. He categorizes economic cycles into “Local” and “Global” cycles, emphasizing the importance of understanding these cycles in predicting future trends in the Bitcoin and crypto market. Hayes
Artificial intelligence (AI) has become an integral part of our everyday lives, from social media algorithms to chatbots. However, Charles Hoskinson, co-founder of Cardano, has raised concerns about the implications of AI censorship. AI censorship involves the use of machine learning algorithms to filter out content deemed objectionable or sensitive. This practice, often implemented by
Bitcoin has recently been experiencing a period of volatility, with the price fluctuating between $60,000 and $63,500. Despite attempts to break above important resistance levels, the bearish sentiment in the market seems to be prevailing. One crypto analyst, Alan Santana, has made a rather grim prediction regarding the future of Bitcoin prices. In his analysis
Silvergate Capital recently made headlines for settling with the SEC for a substantial $50 million, following allegations of misleading investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including the exchange FTX. The company’s assurances aimed to disprove claims that FTX utilized Silvergate accounts to carry out fraudulent activities.
VanEck’s Head of Digital Assets Research, Matthew Sigel, has confirmed that the company’s Solana spot ETF proposal hinges on the outcome of the US Presidential elections. The deadline for VanEck’s application is March 2025, which falls well after the elections in November. Sigel’s response of “Can confirm” has sparked speculation regarding the company’s betting on
The Bahamas is taking steps to enhance the adoption of its central bank digital currency (CBDC), the “Sand Dollar,” by providing access through commercial banks. Central Bank of The Bahamas Governor, John Rolle, has announced plans to establish regulations within two years. The intention is for all commercial banks to eventually offer their clients access
