Cryptocurrency Analysis and News Portal
Worldcoin (WLD), the native token of the “privacy-preserving digital identity (World ID)” project founded by OpenAI co-founder Sam Altman, soared after listing on major crypto exchanges on July 24. At the time of writing, WLD trades at $2.22, reflecting a 33% gain on the day. Despite criticism from nearly every corner
Read More
Last week was marked by two new legislative initiatives for the crypto industry in the United States. Senator Jack Reed sponsored a bipartisan bill that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance (DeFi). The bill would subject DeFi operations to
Read More
The United States Government Accountability Office (GAO), a Congressional watchdog agency, has released a report it completed in June on the regulatory framework for the use of blockchain in finance. The 77-page report was requested by Reps. Maxine Waters and Stephen Lynch before the midterm elections, when they were the chair
Read More
The federal judge overseeing the criminal case against former FTX CEO Sam Bankman-Fried (SBF) has proposed an order preventing all involved parties and their attorneys from largely contacting the media.In a July 24 letter filed with United States District Court for the Southern District of New York, Judge Lewis Kaplan
Read More
Bitcoin plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions.Although the near term looks bearish, long-term investors remain unfazed,
Read More
Coinbase CEO Brian Armstrong has reportedly said United States lawmakers have a renewed focus on regulatory clarity in the crypto space following talks with key officials.According to a July 24 Axios report, Armstrong met with U.S. lawmakers on July 20 ahead of discussions and votes on pieces of legislation aimed
Read More
Bitcoin (BTC) whale buying and selling in 2023 is mostly from speculative investors, new data reveals.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode showed that contrary to popular belief, opportunistic entities are the most active whales.The birth of the Bitcoin "short-term holder" whaleSince BTC
Read More
Celsius was one of the top lenders in the crypto ecosystem during the bull market in 2021. At its peak, it served 1.7 million customers and managed $25 billion in assets.All that came crashing down in June 2022 amid major flaws in the company’s working structure.The bear market in 2022,
Read More
The latest development in the lawsuit of the United States Securities and Exchange Commission (SEC) versus cryptocurrency exchange Coinbase comes as a date is confirmed for the two parties to voice their initial arguments. On July 24, Coinbase’s chief legal officer Paul Grewal tweeted the news of New York judge Katherine
Read More
The recent court ruling that Ripple’s XRP (XRP) token is not considered a security when sold on digital asset exchanges has sparked a wave of positive sentiment across the cryptocurrency ecosystem. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that he believes the most important part of this ruling is
Read More