To help manage the intricate regulations surrounding stablecoins, the Bank for International Settlements (BIS) is calling for immediate international supervision. According to the newest BIS report, there’s an urgent requirement for a single set of rules to tackle the problem of multiple regulators that is preventing wider usage of stablecoins. A BIS survey in 11 … Read more
Robert Kiyosaki, the writer behind “Rich Dad, Poor Dad,” has expressed his agreement with Cathie Wood’s optimistic price forecast for unspecified assets, which she shared on the X social media platform. Ark predicted that the largest cryptocurrency could soar up to $2.3 million based on their findings in the yearly “Big Ideas” report. With an … Read more
The FBI is investigating a Bitcoin Core developer conference and has requested information from attendees through a subpoena. According to an email from Mike Schmidt of Brink, a philanthropy supporting open-source developers, the investigation relates to the theft of around $3.6 million worth of Bitcoins belonging to Luke Dashjr. The email sent by Schmidt reads: … Read more
The cost of transacting on the Bitcoin network has been relatively low lately, with fees for processing blocks at nearly the lowest levels seen in recent cycles. Bitcoin Miners Have Been Receiving Low Fees Recently According to analyst James Van Straten in his latest post on X, the cost for bitcoin users to send transactions … Read more
Recently, an examination of the Bitcoin blockchain has brought to light that an unidentified institutional custodian, suspected to be Cobo Custody, holds significant influence over the Bitcoin network. According to a post on platform X, this custodian is reportedly in charge of at least nine mining pools associated with Coinbase, collectively accounting for approximately 47% … Read more
A major milestone in the world of cryptocurrencies: The trial of Avraham Eisenberg, allegedly responsible for the $100 million Mango Markets scam, has begun in a New York federal court. Details Of The Mango Markets Scandal In her opening statements at the trial, Assistant US Attorney Tian Huang described Eisenberg’s behavior on October 11, 2022, … Read more
At the moment, Ethereum seems to be forming an uptrend pattern, which might indicate a gradual increase in price approaching $4,000. An ascending channel on a chart can be identified by two lines that slope upwards and run parallel to each other. This pattern represents the price movements between successive higher highs and higher lows, … Read more
Voyager Digital has announced notable advancements in its post-bankruptcy plan to repay creditors. The business has secured approximately $484.35 million through settlements with FTX, Three Arrows Capital (3AC), and D&O insurance claims. This substantial sum marks a significant milestone in Voyager’s financial revival and creditor compensation process. Voyager Recovery Effort Voyager Digital’s recovery process involves … Read more
The build-up of whale holdings is a crucial sign for determining market trends in the near future. During the hype surrounding Solana’s meme coins, whales transformed their investments from thousands to millions within just days or weeks. Here are three altcoins currently attracting the attention of these large investors. 3 Altcoins Whales Are Bullish On … Read more
According to the Bank for International Settlements (BIS), it is crucial that there are global regulations in place for stablecoins. In a study involving eleven different regions, the BIS identified regulatory disparities as a major hindrance to introducing stablecoins. The organization strongly advocated for immediate regulation of electronic assets, highlighting the risks linked to the … Read more