Author: Anshul

Senators Warn on Iran’s Bitcoin Mining

US Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) issued a stern warning about the potential ramifications of Iran’s burgeoning Bitcoin mining industry. In a detailed letter addressed to key members of the Biden administration, they highlighted how Iran’s crypto mining activities could potentially undercut the effectiveness of economic sanctions. The senators pointed out that […]

Bitcoin’s Resurgence: Navigating Market Turbulence and Economic Shifts

After a period of downturn, Bitcoin is rallying again, leaving those who bet against it feeling the pinch. In the last 24 hours, nearly $100 million in short positions across all cryptocurrencies have been liquidated, with the current total at just over $99 million. A significant portion of these liquidations occurred in short positions on […]

Friend.tech’s Native Token Launch Hits Roadblocks

Social crypto platform Friend.tech has launched its new native token alongside version two (V2) of the decentralized social media. However, the rollout has encountered several issues. FRIEND tokens were anticipated in an airdrop for users included in an April snapshot, but many have found it difficult to claim their tokens. Frustrated users have taken to […]

AI Targets Bitcoin Laundering

The integration of artificial intelligence into blockchain surveillance is poised to significantly bolster law enforcement efforts in tackling money laundering within the cryptocurrency sphere. A groundbreaking study by Elliptic and the MIT-IBM Watson AI Lab has unveiled how deep learning AI can effectively parse the expansive Bitcoin blockchain to identify illicit activities. Published on Wednesday, […]

Fed Holds Rates Amid Crypto Market Pain

The Federal Reserve made a decisive move on Wednesday, opting to maintain its key interest rate, as it continues to wage a battle against inflation. This decision has sent ripples through the crypto market, exacerbating existing pressures. Federal Reserve Chairman Jerome Powell, in his characteristic cautious demeanor, addressed the media, stating that while the fight […]

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 […]

MicroStrategy Buys More Bitcoin

MicroStrategy, known for its substantial Bitcoin holdings, has capitalized on recent market dips to expand its cryptocurrency portfolio. This action was highlighted in their Q1 2024 financial announcement this Monday, underscoring the firm’s ongoing commitment to Bitcoin amidst a turbulent period for cryptocurrencies. The firm, which brands itself as both a software entity and a […]