Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation, a key area of financial technology
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In a groundbreaking move, STEPN, the innovative move-and-earn lifestyle app, has teamed up with global sportswear giant Adidas to introduce a limited-edition STEPN x Adidas Genesis Sneakers NFT collection. This partnership signals the start of a year-long collaboration between the two companies, with promises of more NFT drops and physical wearable items in the pipeline.
The partnership between Dentsu Inc. and Chiru Labs brings a groundbreaking anime anthology series titled “Enter The Garden,” utilizing the Azuki NFT project as its foundation. Directed by renowned anime director Goro Taniguchi, this trilogy promises to offer a unique viewing experience for anime enthusiasts worldwide. The collaboration between Azuki and BEANZ NFT holders grants
The potential future value of Bitcoin (BTC) has been a topic of much speculation and debate among investors and analysts. A recent tweet by Bitcoin analyst Willy Woo proposed that BTC could reach a value of $91,000 at the bottom of a bear market, and a staggering $650,000 at the peak of a bull cycle
Bitcoin (BTC) experienced a significant drop in price over the weekend, falling to $60,850 before partially recovering to around $64,500. This sudden and drastic price movement has caused a stir within the crypto community, with many seeking answers and insights into what the future may hold. One prominent figure who has entered the discussion is
Ethereum, a prominent cryptocurrency, is currently experiencing a downward trend in prices, echoing the broader movement in the crypto market. This decline has been further exacerbated by rising tensions in the Middle East, triggering uncertainty among investors. While retail traders are rushing to sell off their assets, on-chain data reveals a different story. Large whales
Bitrace, a data analysis company, has taken proactive steps to address the increasing number of cryptocurrency-related crimes in Hong Kong. The company recently conducted training sessions for members of the Hong Kong Police Force, specifically targeting the Cyber Security and Technology Crime Bureau (CSTCB) and Commercial Crime Bureau (CCB). These sessions focused on on-chain fund
As the pioneer of the digital currency realm, Bitcoin has once again caught the attention of investors due to recent market dynamics. Renowned crypto analyst Rekt Capital has delved into the current state of the Bitcoin market, drawing parallels with historical cycles to provide insights into potential future movements. With the market currently experiencing a
Recently, Ripple’s XRP faced a significant drop of 20% in its value following a market downturn. As reported, the global market capitalization for cryptocurrencies took a hit, plummeting to approximately $2.4 trillion on April 14. This unfavorable trend resulted in numerous liquidations, mostly affecting long traders. XRP, in particular, suffered a notable decline to around
The introduction of Spot Bitcoin ETFs has brought about a significant shift in the dynamics of the cryptocurrency market, particularly Bitcoin. Institutional demand has been on the rise, with fund providers purchasing substantial amounts of Bitcoin, driving the price to new highs. However, recent geopolitical tensions between Iran and Israel have caused a temporary dip
As the blockchain technology continues to evolve, questions surrounding the balance between transparency and data ownership are being raised. While the immutability and transparency of blockchain data can be seen as a way to democratize information and break the control of big corporations, there is also a desire for individuals to have ownership over their
In a surprising turn of events, venture capital funding for Bitcoin startups saw a significant increase in 2023, despite an overall decline in venture capital activity. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360% last year, while the number of funded Bitcoin companies grew by
The price of Bitcoin witnessed a sharp decline over the weekend following reports of Iran launching missile and drone attacks on Israel. This sudden turn of events in the Middle East led to a significant selloff not only in Bitcoin but also in other major cryptocurrencies. The escalating tensions between Iran and Israel, triggered by
Bitcoin Layer 2 solutions have been praised for their ability to enhance scalability and transaction efficiency by moving transactions off the main blockchain. However, not everyone is on board with this concept. Mononaut, the founder of Mempool, has raised several concerns about the current implementations of Layer 2 solutions. He argues that if a Layer