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Bitfinex expects to finish turning documents over to the Office of the New York Attorney General (NYAG) in the coming weeks, a procedural hurdle that would move the state prosecutor’s investigation of the alleged $850 million Tether cover-up one step closer to conclusionCharles Michael, the Steptoe lawyer representing defendant Bitfinex,
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For years, Bitcoin investors have been asking Elon Musk, CEO of Tesla and SpaceX, if they can buy cars or tickets to Mars with the leading cryptocurrency. It’s become somewhat of a recurring meme, where whenever Musk mentions Bitcoin or cryptocurrency, those with BTC would ask if they can use
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What an October it was for Bitcoin. The number one cryptocurrency by market cap has seen a 30%
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Federal Reserve Chair Jerome Powell introduced the central bank’s plan to target a 2% average inflation rate. Since then, strategists have expressed concerns about inflation and the potential risks to market stability it could bring. It poses more selling pressure on the U.S. dollar, which already declined substantially in the past four
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Federal agencies have turned to blockchain for its transparency, efficiency, security and flexibility.According to FedTech magazine, several federal agencies like the U.S. Food and Drug Administration, or FDA, and the Department of Treasury began using blockchain.Officials in the US Food and Drug Administration needed an effective way to help them track
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The decentralized finance sector has been steadily growing and has begun to see the fruits of its labor. But while there is much hype surrounding DeFi projects and applications, particularly during Bitcoin’s (BTC) uncharacteristic lack of volatility, there is still a long way to go. The technology is still in its
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Bitcoin declined sharply after it faced a strong rejection near $9,200 against the US Dollar. BTC is still holding the $9,000 support, below which there is a risk of a sustained decline.Bitcoin fell sharply below $9,000, but it recovered quickly from the $8,914 swing low.The price is now facing a
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Bitcoin bull Anthony Pompliano recently took part in the Bill Bert Podcast, hosted by comedians Bill Burr and Bert Kreischer.The hour and a half long episode had Pompliano selling the merits of Bitcoin, while at the same time, dispelling myths that had previously held the pair back from investing.As a
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Decentralized exchanges (DEXs) are seeing more action than ever thanks to a surge in decentralized finance (DeFi) activity. The chief benefit of DEXs compared to the Coinbases of the world? They allow users to hold their crypto until they make a trade, without trusting anyone besides the counterparty of each sale. “Most
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Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode.The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a
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