Author: Bitcoin.com
After a period of intense scrutiny of the cryptocurrency industry, many speculated that the Biden administration had reversed its stance by allowing the U.S. Securities and Exchange Commission (SEC) to approve several spot ethereum exchange-traded funds (ETFs). However, President Joe Biden has vetoed the latest resolution intended to quash the SEC’s crypto asset rules in […] Read the full article here
The American Bankers Association, Bank Policy Institute, Financial Services Forum, and Securities Industry and Financial Markets Association sent a letter to President Joe Biden on May 31, urging him to sign the resolution passed by Congress to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The letter outlines that SAB 121, issued without regulatory […] Read the full article here
According to analytics, several prominent crypto influencers hold substantial amounts of money onchain. For example, Tron founder Justin Sun has more than $1 billion in crypto assets. Ethereum co-founder Vitalik Buterin’s associated addresses indicate holdings of $935.25 million in digital currencies. Alongside crypto influencers, celebrities also possess a substantial amount of digital assets onchain. Tracking […] Read the full article here
The pro-bitcoin president of El Salvador, Nayib Bukele, commenced his second term on June 1 at the National Palace in San Salvador, with his family and a large crowd in attendance. Despite rising economic concerns, Bukele’s popularity remains robust. His administration’s notable policies include adopting bitcoin as legal tender. During his first term, over 80,000 […] Read the full article here
Bitmain has announced the release of the Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that use the Scrypt algorithm, such as litecoin and dogecoin. The company reports that this new model provides 16 gigahash per second (GH/s) in hashing power and achieves an energy efficiency of 210 joules per gigahash (J/G). […] Read the full article here
This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from the Mt Gox distribution, estimated at $9.6 billion, and from the DMM Bitcoin […] Read the full article here
Republican Senator Ted Cruz from Texas has announced that he purchased three application-specific integrated circuit (ASIC) bitcoin miners. “I just bought 3 Bitcoin miners that started hashing today in Iraan, TX,” the Senator stated on X this week. “I’m proud to join the ranks of Texas bitcoin miners,” he added. Cruz is an ardent advocate […] Read the full article here
UBS has raised its gold price forecast from rising central bank demand and geopolitical tensions. Meanwhile, the meme coin TRUMP surged over 30% in 24 hours after former President Trump’s appearance at the Libertarian National Convention, marking a 98,352.40% increase over the last year. President Biden faces a deadline to veto or sign a resolution […] Read the full article here
With artificial intelligence (AI) seemingly destined to become central to everyday digital applications and services, anchoring AI models on public blockchains potentially helps to “establish a permanent provenance trail,” asserted Michael Heinrich, CEO of 0G Labs. According to Heinrich, such a provenance trail enables “ex-post or real-time monitoring analysis” to detect any tampering, injection of […] Read the full article here
In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth $59.3 million were lost to similar attacks. Gala Games, which incurred a loss of $21 million, and Sonnefinance with $20 […] Read the full article here