Arthur Hayes, the co-founder of BitMEX, recently shared an insightful analysis in his essay titled “Zoom Out,” where he highlights the resemblance between the economic turbulence of the 1930s-1970s and the current financial landscape. By delving into these historical economic patterns, Hayes suggests that there is a blueprint for anticipating the potential resurgence of the
Binance.US, the American branch of the popular crypto exchange Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). Despite their efforts to dismiss the SEC’s allegations, a US District Judge upheld the majority of the charges against Binance on June 28. This decision has set
Charles Hoskinson, co-founder of Cardano, recently expressed his concerns regarding the decreasing utility of artificial intelligence (AI) models. He attributed this decline to the alignment training that often accompanies AI censorship practices. AI censorship involves the use of machine learning algorithms to filter out content deemed objectionable, harmful, or sensitive. This practice is predominantly employed
Recently, Bitcoin has been experiencing significant volatility, bouncing back from a crash below $60,000 only to struggle to surpass key resistance levels such as $63,500. Despite efforts to stabilize above $61,000, bearish sentiment still prevails in the market. One crypto analyst, Alan Santana, has even predicted a further price crash in the near future. According
The Bahamas is taking steps to boost adoption of its central bank digital currency (CBDC) known as the “Sand Dollar” by providing access through commercial banks. This move aims to make it easier for individuals to utilize the digital currency for various transactions. Governor of the Central Bank of The Bahamas, John Rolle, mentioned that
In a recent development, Silvergate Capital agreed to a settlement of $50 million with the Securities and Exchange Commission (SEC) while facing demands from the Federal Reserve governors and California financial regulators for an additional $63 million in fines. The SEC accused Silvergate Capital, its subsidiary Silvergate Bank, and two executives of providing false information
The recent revelation by VanEck’s Head of Digital Assets Research, Matthew Sigel, regarding the company’s Solana spot ETF proposal betting on Donald Trump’s victory in the US presidency raises interesting questions about the impact of political leadership on regulatory decisions. The deadline for VanEck’s application coincides with the aftermath of the US Presidential elections in
In the ever-evolving world of cryptocurrency, analysts are constantly looking for new technical patterns to predict the future price movements of various digital assets. Recently, a crypto analyst uncovered a unique falling wedge pattern in the Cardano price movements, hinting at a potential substantial rebound for the cryptocurrency. This discovery has sparked optimism among investors
Circle, a well-known cryptocurrency company, made headlines on July 1 when it announced that it had secured an e-money license from France. This achievement is significant as Circle is now the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. The license, granted by France’s financial regulator, the Autorité de
Sony Group, a prominent conglomerate in Japan, has recently made headlines by announcing its acquisition of Amber Japan, paving the way for the launch of a new crypto exchange. The WhaleFin exchange, previously owned by Amber Japan, will now be rebranded as S.BLOX Co under Sony’s ownership. This move signifies Sony’s entry into the world
Keith Gill, also known as “Roaring Kitty,” gained notoriety for his involvement in the GameStop stock frenzy in early 2021. However, recent accusations have emerged against him, claiming that he engaged in securities fraud by manipulating GameStop’s stock prices through social media posts. The class-action lawsuit filed against Gill alleges that he orchestrated a “pump
Bitcoin, the pioneer of cryptocurrency markets, has seen a significant shift in its weekend trading volumes according to a recent report by Kaiko. The once active weekends, known for their volatility, have now experienced historic lows in trading activity. The data reveals a sharp decline from 28% in 2019 to a mere 16% in 2024.
In a forward-thinking move, Futureverse, a company specializing in AI and metaverse technologies, has announced a strategic partnership with Animoca Brands, a leader in digital property rights and blockchain-based entertainment. The collaboration is aimed at leveraging Futureverse’s advanced technology stack with Animoca Brands’ extensive ecosystem of blockchain products to enhance the metaverse technology. This partnership
The month of June was characterized by extreme volatility in the price of Bitcoin. The price of the leading cryptocurrency soared to as high as $72,000 before plummeting to a low of slightly over $58,000. This rollercoaster ride culminated in a 7.12% decrease in Bitcoin’s price, with the bears emerging victorious. Analyst Predictions for July