Author: John Smith

Bitcoin has entered bear territoriy, down 25% from its all-time high as macroeconomic uncertainty and political factors are spooking investors. Speaking on Bloomberg TV, crypto reporter Emily Nicolle argued that Bitcoin (BTC) is “still a very risk-on asset” that is highly correlated to shifts in the macroeconomic landscape. As such, what happens on Wall Street will be play out in Bitcoin. The downturn is also fueled by setbacks within the crypto industry, notably Bybit’s $1.5 billion hack last week has resulted in a “rough period” for the sector. Political uncertainty is another factor, she said. Some investors had been hoping…

The U.S. Securities and Exchange Commission has delayed its decision on whether to approve or reject Cboe Exchange’s application to list options on Fidelity Investments’ spot Ethereum exchange-traded fund. According to a regulatory filing on Feb. 28, the SEC said it was pushing its decision on the Ethereum (ETH) product forward. Under U.S. federal law, the agency has up to 60 additional days to reach a final verdict if a decision is not made within the initial 180-day review period. As a result, Cboe will have to wait longer before knowing whether it has received the green light to list…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid crypto volatility, Lightchain AI stands out with scalable AI-blockchain tech, raising $16.8m at $0.006 presale. As the cryptocurrency market grapples with ongoing volatility, investors are searching for the next big opportunity. Lightchain AI is emerging as a standout investment that could offer the stability and growth that other cryptocurrencies are lacking. With its unique fusion of AI and blockchain technology, Lightchain AI is designed to provide scalable, real-world applications, setting it apart from the pack. Having raised over…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A new altcoin priced at $0.20 gains momentum, drawing interest, while Cardano holders await altcoin season. The cryptocurrency market is changing dynamically, and investors are looking at new prospects. A recently launched altcoin valued at just $0.20 quickly gathers steam and attracts interest from market players looking for notable gains.  Meanwhile, Cardano (ADA) holders are calmly waiting for altcoin season, a time noted for the fast appreciation of alternative cryptocurrencies. Although ADA investors expect a significant breakthrough, this emerging…

Congressman French Hill is bringing Binance executive Tigran Gambaryan as his guest to the State of the Union address. Gambaryan spent eight months in a Nigerian prison on tax evasion and money laundering charges, which were later dropped. Gambaryan, a former IRS criminal investigator and Binance’s head of financial crime compliance, was detained in February 2024 while in Nigeria for meetings with government officials.  He was held in Kuje prison, where he developed a herniated disc and malaria. His detention prompted calls for his release from U.S. lawmakers and officials. Hill and Representative Rich McCormick led efforts to secure Gambaryan’s…

Bitlayer has taken a major step in integrating Bitcoin with the broader blockchain ecosystem by implementing BitVM, a new framework designed to enable trust-minimized Bitcoin interoperability. Through partnerships with Base, Starknet, Arbitrum (ARB), Sonic, and Plume Network, Bitlayer’s BitVM Bridge aims to expand Bitcoin’s (BTC) utility across decentralized finance and real-world asset applications, according to a press release shared with crypto.news.  Base’s cbBTC will allow Bitcoin holders to use their assets on EVM-compatible chains, bringing Bitcoin into the broader DeFi ecosystem. Arbitrum users will now be able to bridge Bitcoin assets through Bitlayer’s trust-minimized framework, further strengthening the network’s DeFi…

Olumide Osunkoya has been sentenced to four years in prison for illegally operating cryptocurrency automated teller machines in the United Kingdom. The 46-year-old faced charges related to running crypto ATMs through his company, GidiPlus, with machines installed at multiple locations across the UK. According to authorities, Osunkoya set up a £2.5 million ($3.2 million) crypto ATM business despite being denied registration by the Financial Conduct Authority. The FCA filed charges against him in early September 2024, and he pleaded guilty to six counts on September 30, 2024. On Feb. 28, the court convicted him of unregistered crypto activity, forgery, possession…

First, you’ll learn the philosophy behind the flash loan. Why do people create flash loans in the first place? What are the use cases of the flash loan? You might have had heard of the flash loan attack if you follow DeFi news closely. What are they? How do hackers use flash loans to hack smart contracts? Before you’ll learn about the flash loan, you need to refresh your knowledge first about DeFi. What is DeFi? DeFi or Decentralized Finance is a trustless finance system built on top of Ethereum or a similar system to Ethereum like Binance Smart Chain.…

Today, we will review the Binance card, a crypto card using which you can easily make online and offline purchases with a click of your fingers. What is a Binance Card? Want to put your cryptos to use in the real world? The Binance card can be the go-to tool for you that will help you achieve the goal. Being a Visa card, you can use the Binance card to spend your cryptos at more than 60 million merchants worldwide. It converts your cryptos to fiat in no time, and that too free of cost. Using your cryptos to buy…

More than 30 U.S. states have explored the idea of publicly funded Bitcoin reserves, with at least two jurisdictions nearing the passage of related legislation. Policy makers in Washington haven’t agreed on federal laws to create a Bitcoin (BTC) reserve, Wyoming Republican Senator and chair of the Senate Banking Subcommittee on Digital assets, Cynthia Lummis said at the New York Bitcoin Investor Week. Utah and Arizona have pushed forward proposals to purchase Bitcoin using public funds, though not all lawmakers support the idea of state-run Bitcoin reserves. Since Donald Trump was sworn in as U.S. president, Montana, North Dakota, and…