The Cardano Foundation, a non-profit entity intertwined with the Cardano blockchain ecosystem, has released its inaugural Financial Insights Report for 2023. This vital document is a testament to the foundation’s commitment to transparency and accountability. It not only highlights the organization’s financial allocation but serves as a strategic roadmap reflecting its core objectives in enhancing
Crypto
The recent US presidential elections significantly affected cryptocurrency investments, particularly in spot Bitcoin and Ethereum exchange-traded funds (ETFs). In the days leading up to the elections, the sentiment surrounding these funds was marked by hesitation as investors adopted a wait-and-see approach. However, once it was confirmed that Donald Trump would be assuming the presidency, market
Bitcoin (BTC) has captured the attention of investors and analysts alike, particularly with its recent surge to $93,400. The intriguing question arises: is Bitcoin on the brink of surpassing the coveted $100,000 mark? Insights from market analytics, particularly from CryptoQuant, suggest that Bitcoin is not overvalued at this stage. Despite the notable price ascension, various
Genius Group Limited has taken a groundbreaking step by implementing a “Bitcoin-first” strategy, fundamentally altering its approach to treasury reserves. This decision marks a significant pivot for the Singapore-based AI-driven education and business acceleration firm, indicating a robust belief in the potential of cryptocurrency as a primary asset. By allocating a staggering 90% of its
In a significant move towards decentralization, Consensys has unveiled the Linea Association, an independent non-profit organization based in Switzerland. This initiative aims to foster the growth and development of Linea, a cutting-edge zero-knowledge Ethereum Virtual Machine (zkEVM) Layer-2 rollup. The establishment of this association symbolizes a pivotal shift in the governance and technological progress of
In a somber development that continues to ripple through the cryptocurrency community, the remains of Kevin Mirshahi, a well-known figure in the cryptocurrency influencer space, have been discovered in Montreal. On October 30, 2023, a passerby made the grim find in Île-de-la-Visitation Park, situated in the Ahuntsic-Cartierville district. Authorities confirmed that the 31-year-old’s body had
In a bold statement during a recent Fox News appearance, Brad Garlinghouse, the CEO of Ripple, expressed optimism about the future of the U.S. cryptocurrency industry following Donald Trump’s victory in the recent presidential elections. With Trump’s self-identified status as a “crypto-friendly” president, Garlinghouse believes that the crypto landscape is on the brink of substantial
In recent weeks, Ethereum’s price has shown signs of rejuvenation, echoing the impressive strides made by Bitcoin (BTC) in its uptick to unprecedented heights. Amidst a backdrop of bullish sentiment, Ethereum has crossed significant psychological thresholds, rallying past the $2,800 mark that had previously suppressed its upward momentum. This breakout is especially pivotal as it
Bitcoin has made a noteworthy comeback after a brief decline below the $90,000 mark, hitting as high as $91,000 within just 24 hours. This surge follows a remarkable week where the asset surged from around $80,000 on Monday to nearly $94,000 by Wednesday. Such fluctuations are not uncommon in the cryptocurrency world, where volatility often
In a bold stance against government overreach, Argentine President Javier Milei has voiced his commitment to maintaining a distinct boundary between cryptocurrency and state control. This declaration was delivered during the “Meta Day Argentina” event held at the Palacio Libertad Domingo Faustino Sarmiento. Milei’s criticisms primarily target central bank digital currencies (CBDCs), which he sees
The cryptocurrency sector has demonstrated remarkable volatility and resilience over recent weeks, particularly highlighted by XRP’s resurgence. Initially slow to respond, XRP has now emerged as a significant player among larger digital assets, prompting speculation and analysis concerning the motives and actions of Ripple’s major investors—often referred to as whales. This behavior has raised questions
In a dramatic turn of events on November 15, the meme coin sector experienced a notable correction, reflecting the overall distress seen in the broader cryptocurrency market. Despite this downturn, the total market capitalization of meme coins hovers around an impressive $120 billion, a testament to their intriguing appeal. Notably, major cryptocurrencies such as Bitcoin
The global cryptocurrency landscape is undergoing a transformative phase, catalyzed by various nations’ policies and the momentum towards regulatory clarity. Against this backdrop, the UK government’s decision to draft legislation governing stablecoins and crypto staking emerges as a crucial response to the growing competition posed by the United States, particularly under the leadership trajectory anticipated
In a significant development in cybercrime investigations, Indian law enforcement agencies have detained a suspect connected to the audacious attack on WazirX, a prominent cryptocurrency exchange. The incident, which occurred nearly four months ago, resulted in a staggering theft of over $230 million worth of cryptocurrencies. This alarming breach not only raised flags over the