Author: Max Bauer
During a recent campaign event, Vice President Kamala Harris, the Democratic presidential nominee, touched on the topic of digital assets, stirring interest among cryptocurrency enthusiasts. However, her comments have been critiqued for lacking depth by Tim Kravchunovsky, CEO of Chirp, a decentralized telecommunications network. Kravchunovsky expressed skepticism regarding Harris’s brief mention of supporting crypto innovation. “Everyone is beside themselves thinking she will support crypto innovation,” he remarked, “but we didn’t hear any details on how exactly she plans to offer this support.” His comments highlight a growing desire within the crypto community for clear policy commitments rather than vague promises.…
Binance founder Changpeng Zhao (CZ) has resurfaced following his recent release, sharing updates on his personal and professional endeavors. In his first public post since his release, CZ expressed gratitude for the support he received during a challenging period. Changpeng Zhao Says He Is Satisfied With Binance’s Current Management CZ outlined his future plans, which include continued investment in blockchain, decentralized technologies, artificial intelligence, and biotechnology. He emphasized his long-term perspective, prioritizing impact over short-term returns. Additionally, CZ announced his intention to dedicate more time and resources to philanthropic causes, particularly in the areas of education. CZ also revealed that…
In a recent statement, economist Fred Krueger has laid out a clear case for why he prefers Bitcoin over all other cryptocurrencies, commonly referred to as altcoins. Krueger, known for his bold stances in the economic sector, argues that the long-term value and reliability of Bitcoin far surpass that of any other digital currency. Fred Krueger Listed the Reasons Why He Dislikes Altcoins 1. Historical Performance: Krueger pointed out that over periods of four years or more, altcoins have generally decreased in value when measured against Bitcoin. He cited Ethereum (ETH) and Litecoin as examples, noting that despite their promise…
Matt Hougan, Chief Investment Officer at Bitwise, has made a bold prediction for Bitcoin’s future price, suggesting it could reach $100,000 to $200,000 or even higher. Hogan’s forecast is based on the surging demand for Bitcoin ETFs and the growing interest from both retail and institutional investors. Matt Hougan Thinks Bitcoin’s Price Growth Was Due to the ETFs In a recent interview, Hogan highlighted the significant increase in Bitcoin’s price since the beginning of the year, driven in part by the launch of several spot Bitcoin ETFs. He emphasized that the demand for these ETFs is coming from a diverse…
Howard Lutnick, financial services firm Cantor Fitzgerald CEO , has likened Bitcoin to gold and oil, arguing that it should be regulated as a commodity. In an interview, Lutnick expressed his frustration with the lack of understanding and regulation surrounding Bitcoin and other cryptocurrencies. Cantor Fitzgerald CEO: “Regulation of Bitcoin Should be According to Commodity Laws” “When you truly understand Bitcoin, it’s hard to see it any other way,” Lutnick stated, saying the need for a more commodity-like approach to regulating the cryptocurrency. He suggested that the regulatory landscape for cryptocurrencies would eventually align with that of commodities and equities,…
A phishing scam disguised as a legitimate wallet app has defrauded cryptocurrency users out of a significant sum. The malicious app, available on the Google Play Store for four months, targeted unsuspecting users by posing as WalletConnect, a popular Web3 protocol. Fake App on Google Play Resulted in $70,000 Loss The fake app directed users to a fraudulent website where they were tricked into authorizing transactions, granting the scammers access to their cryptocurrency funds. Despite being downloaded 10,000 times, only 150 individuals fell victim to the scam, according to a report by Checkpoint Research. The real WalletConnect is a secure…
Cryptocurrency analytics firm Santiment has highlighted a surge in social media chatter surrounding certain altcoins, suggesting that speculative fervor is driving the market. Among the top trending projects are Toncoin ($TON), Shiba Inu ($SHIB), and Pepe ($PEPE). Toncoin has garnered attention due to its association with the Hamster Kombat airdrop. The project’s discussions have seen a significant uptick, reflecting growing interest. According to Santiment, Shiba Inu, another altcoin making waves, has been fueled by discussions around its cryptocurrency and associated projects like Shibarium. The community is buzzing with optimism about a potential 33,000% increase in the burn rate, which has…
Changpeng Zhao, the founder of cryptocurrency exchange Binance, has been released from federal custody after serving a four-month sentence for failing to implement adequate anti-money laundering measures. After CZ’s Release, Richard Teng Will Continue to Manage Binance Zhao, 47, pleaded guilty in November to charges related to Binance’s role in facilitating illicit activities by cybercriminals and terrorist groups. The exchange, which processes trillions of dollars in trades annually, paid a $4.3 billion settlement and agreed to several conditions, including Zhao’s resignation as CEO. Despite the legal challenges, Binance remains a dominant force in the cryptocurrency market. Zhao’s net worth is…
Bitcoin experienced a significant surge, reaching $66,000 on Friday, following the release of lower-than-expected inflation data in the United States. This positive economic indicator has boosted investor sentiment and fueled inflows into Bitcoin ETFs. Number of Factors Played a Role in Recent Bitcoin Rally The cryptocurrency market has seen a broader uptrend, with Ethereum also gaining momentum. The recent peak of $66,500 for Bitcoin marks its highest level since late July. Several factors have contributed to BTC’s rise. The Personal Consumption Expenditures Price Index (PCE), a key measure of inflation, declined to 2.2% in August from 2.5% in July. This…
The Securities and Exchange Commission (SEC) has filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for engaging in unregistered offers and sales of crypto assets, as well as unregistered broker activities. According to the SEC’s complaint, Mango DAO and Blockworks Foundation raised over $70 million from the sale of MNGO tokens, the governance tokens of the Mango Markets platform, to hundreds of investors worldwide. Blockworks Foundation and Mango Labs are also accused of operating as unregistered brokers by facilitating securities transactions on the platform. The SEC alleges that Mango Markets violated federal securities laws by failing to…