Surprisingly the US government’s acquisition of bonds via stablecoins, most notably USDT Tether, and the continuous upward trend in Bitcoin happen at the same time. A massive $24 trillion crisis, centered on the dropping value of U.S. Treasury bonds are haunting the financial sector, and this event develops against that
December 6, 2023 2 mins read
As Bitcoin broke beyond the $41,500 barrier, the cryptocurrency sector as a whole has witnessed a tremendous surge. Moreover, Ethereum is also witnessing strong bullish momentum and is trading above the $2200 level at the time of writing. Furthermore, most altcoins have risen sharply, indicating widespread optimism in the cryptocurrency
December 4, 2023 1 min read
Pro-XRP lawyers John Deaton and Bill Morgan have recently demanded that Congress step in and investigate the SEC’s behavior and the Republican members of the House Committee on Financial Services’ unwillingness to issue a subpoena. A federal court scolded the SEC’s attorneys in a case involving a crypto firm on
December 2, 2023 2 mins read
On Friday, December 1, 2023, a federal judge reprimanded the SEC’s lawyers in a lawsuit involving a cryptocurrency company, dealing another legal blow to the U.S SEC. The court allegedly blasted the SEC for its management of the company’s capital, saying that the agency had fabricated “materially false” claims in
December 2, 2023 2 mins read
During a recent Ask Me Anything (AMA) session on Twitter, Binance’s new CEO, Richard Teng, discussed his vision, answered user questions, and laid out the company’s future plans. At the same time, Teng thanked users for their support and spoke about Binance’s dedication to security, users, and worldwide compliance requirements.
December 1, 2023 3 mins read
With the end objective of assisting nations in achieving “sustainable development” progress, a United Nations organization is planning to train its 22,000 employees in blockchain technology. An announcement made public on November 30th said that the Algorand Foundation and the United Nations Development Program (UNDP) would be launching a blockchain
December 1, 2023 1 min read
In response to claims that Ripple’s monthly escrow XRP release dampened the cryptocurrency’s price performance over the last five years, legal expert Bill Morgan has cast doubt on that assertion. The ongoing discussion about XRP’s dismal performance over the last five years came to a head when a crypto fan
November 30, 2023 2 mins read
Cardano’s founder claims that while Ethereum’s co-founder works to rearrange one of its most prominent aspects, Cardano’s current structure seems to be being replicated via the Ethereum blockchain network. Hoskinson maintains the firm belief that Cardano’s status as an industry prototype has gone unrecognized. Charles Hoskinson recently made some bold
November 30, 2023 2 mins read
Solana and most altcoins have been riding the current bullish momentum. Late Tuesday, Bitcoin’s price began to climb as Federal Reserve governor Chris Waller signaled a possible economic slowdown and continued inflation moderation, praising the “right spot” for present policies. Additionally, Waller said that there is a strong case for
November 29, 2023 2 mins read
Despite recouping a significant portion of the losses sustained during the catastrophic market collapse of 2022, Bitcoin’s price has seen significant volatility this year. Compared to its value on January 1, 2023, the current price of Bitcoin is over $38,200, a rise of 130%. Some market watchers think BTC’s rise
November 29, 2023 2 mins read
