Bitcoin’s price is soaring today, experiencing a 5% increase and reaching a two-week high of over $28,000. This surge is attributed to a favorable ruling from United States Court of Appeals Circuit Judge Neomi Rao in the case between Grayscale Bitcoin Trust (GBTC) and the U.S. Securities and Exchange Commission (SEC). The decision has not
Altcoins
The Pepecoin (PEPE) project recently experienced a drastic turn of events when $16 million worth of PEPE tokens were mysteriously withdrawn from the project’s multisig wallet. This unexpected development caused panic within the community, leading to a sharp 15% decrease in the price of PEPE. However, the truth behind this incident has now come to
The cryptocurrency market has recently experienced a significant downturn, with a 10% decrease in total market capitalization between August 14th and August 23rd. This decline has brought the market to its lowest point in over two months, with a value of $1.04 trillion. The decrease in market capitalization has led to a surge in liquidations
The price of Pepe (PEPE), the popular frog-themed memecoin, has experienced a significant drop of almost 15% following recent changes to its multisig wallet and token transfers. These developments have sparked concerns among investors about a potential “rug pull” orchestrated by the developers. On August 24th, $16 million worth of Pepe tokens were transferred from
Despite the recent hype around riend.tech, decentralized social networks are facing significant difficulties in attracting and retaining users on their platforms. Onboarding users into the decentralized (DeSo) media space has proven to be a major hurdle, with as much as 99% of first-time users ultimately quitting. The complex process of acquiring cryptocurrencies from an exchange,
In a recent court filing on August 25, Judge Martin Glenn dismissed the request for a special shareholders class in the Celsius Network bankruptcy case. Furthermore, the judge declined to rule on whether the Celsius token (CEL) should be classified as a security. This decision comes after investor Otis Davis filed a motion on July
In a bid to ensure stability for single-currency stablecoins (SCS) in Singapore, the Monetary Authority of Singapore (MAS) has introduced a revised regulatory framework. This framework specifically targets non-bank issued stablecoins that are pegged to the value of the Singapore dollar or G10 currencies. The move comes as stablecoins continue to gain popularity and recognition
In a bid to seize a portion of the rapidly growing cryptocurrency market, PayPal has unveiled its stablecoin, PYUSD. With the ability to facilitate quick fund transfers for various purposes, such as remittances, the company aims to position itself as a key player in the next generation of the internet. This move comes as Web3
Bitcoin (BTC) is currently forming two successive Doji candlestick patterns on the weekly charts, indicating indecision in the market. However, the price of Bitcoin is holding above the 20-week exponential moving average, suggesting that the bulls still have control. This article will analyze the current state of Bitcoin and explore the outlook for the top-five
A ground-breaking legislation is on the horizon in Brazil, as lawmakers seek to tighten regulations on cryptocurrencies held overseas. The proposed bill recognizes cryptocurrencies as “financial assets” for tax purposes in foreign investments. This marks a significant shift in the country’s approach to digital currencies, aiming to promote equal tax treatment and close the gap