Day: May 1, 2024

Crypto Tumbles Ahead of Fed Decision

As the next Federal Reserve meeting approaches, investor sentiment towards cryptocurrencies like Bitcoin and Ethereum has sharply declined. Current market data reveals significant losses for these major cryptocurrencies, reflecting broader concerns about potential economic shifts. Bitcoin has experienced a 7.6% drop, while Ethereum has fallen by 6% in just the past 24 hours. Bitcoin’s price […]

C.Z. Zhao Embraces Future After Sentencing

Crypto billionaire Changpeng “C.Z.” Zhao, following a four-month prison sentence in Seattle, took to Twitter to express gratitude towards his supporters and to outline his future plans, which focus significantly on education. Despite the challenging circumstances, Zhao maintains a positive outlook on his involvement in the crypto industry and his personal growth. Zhao, who had […]

Coal Firm Mines Bitcoin, Stirs Environmental Debate

Alliance Resource Partners, a coal mining company trading on NASDAQ under the ticker ARLP, recently disclosed that it has been mining Bitcoin for over three years. This revelation came during its first-quarter earnings call, highlighting an unconventional venture into the crypto world by a traditional energy company. Cary Marshall, Senior Vice President and Chief Financial […]

Crypto at High Risk for Money Laundering in the UK

The cryptocurrency sector, along with retail banking, wholesale banking, and wealth management, were identified as the highest risks for money laundering activities, according to a report from the U.K. Treasury Department. This report highlights significant vulnerabilities within these financial sectors, particularly in the rapidly evolving domain of cryptocurrencies. The findings stem from the Financial Conduct […]

Bitcoin Dips Below $60K: Deeper Declines on the Horizon?

Bitcoin’s recent fall below the $60,000 threshold could signal more challenges ahead, suggests Standard Chartered Bank. According to Geoffrey Kendrick, the head of the bank’s forex and digital assets research, this downturn opens the path for Bitcoin’s price to potentially drop to the $50-52K range. Kendrick shared his insights in a recent statement, citing a […]

RWA Tokenization Fuels Crypto Growth

The cryptocurrency market is on the brink of a transformative phase driven by the tokenization of Real World Assets (RWA). Recent data indicates that protocols specializing in RWA are gaining significant traction, setting the stage for the next surge in the crypto industry. According to blockchain analytics firm Messari, the Total Value Locked (TVL) in […]

McHenry Accuses SEC of Misleading Congress

Patrick McHenry, Chairman of the House Financial Services Committee, entered the ongoing discord between financial regulators and the cryptocurrency industry. He accused SEC Chair Gary Gensler of misleading Congress about the agency’s position on Ethereum. This accusation follows revelations that the SEC had internally categorized Ethereum (ETH) as an unregistered security for over a year. […]

AnimeCoin’s New Game: Gacha Grab

After announcing the AnimeChain project in March, the AnimeCoin Foundation—the group behind the eponymous token—launched a web-based game called Gacha Grab on Monday. Gacha Grab resembles a virtual slot machine, drawing inspiration from Japanese gachapon toy vending machines. In this game, players are tasked with spinning the dial to earn points and prizes. Each spin […]