The Senate just voted to kill a rule that would have made DeFi platforms report user information to the IRS. This is huge news for the crypto world! The Senate’s Decision The Senate voted overwhelmingly (70-28) to repeal the IRS “broker” rule targeting decentralized finance (DeFi). This means DeFi platforms won’t have to share user…
Ethereum (ETH) has been on a bit of a rollercoaster lately. After a period of sideways trading, it hit a wall at $2,100 – a major resistance level. This rejection has analysts predicting further price drops. Ethereum’s $2,100 Rejection: A Bearish Sign? One analyst, Cryptododo7, shared their take on the situation. Their technical analysis suggests…
A massive data breach at Numotion, a company providing mobility and assistive solutions, has exposed the personal information of nearly 500,000 customers. What Happened? Between September 2nd and November 18th, 2024, unauthorized individuals accessed employee email accounts at Numotion. These emails contained sensitive customer data. While Numotion claims there’s no evidence of malicious intent to…
Binance, the world’s largest cryptocurrency exchange, is adding a new blockchain gaming token to its platform. This will be the 66th project launched via Binance Launchpool. Launchpool Details Users can earn the new token, GUN, by staking their BNB, FDUSD, or USDC on the Launchpool platform from March 28th to 31st. GUN is the native…
Sam Bankman-Fried (SBF), the disgraced FTX founder, is on the move again. He’s been transferred from a New York City jail to a transfer facility in Oklahoma City. From Brooklyn to Oklahoma SBF was previously held at the Metropolitan Detention Center in Brooklyn. The Bureau of Prisons now lists him as being at FTC Oklahoma…
DeVere Group CEO Nigel Green believes the rise of stablecoins will significantly increase demand for Bitcoin (BTC) and Ethereum (ETH). In a recent YouTube video, he explained his reasoning to his large subscriber base. How Stablecoins Could Help the US Economy (and Crypto) Green argues that stablecoins—cryptocurrencies pegged to the value of a fiat currency…
Bitcoin’s price has been pretty steady above $84,000 this week, even though it hasn’t seen huge gains recently. It’s only up 0.2% in the past week, and actually dipped 3.2% yesterday. But what’s really happening? What the Exchanges Are Saying A CryptoQuant analyst, Ibrahimcosar, has been looking at something really interesting: how much Bitcoin is…
South Carolina just dropped its lawsuit against Coinbase, making it the second state to back down after a shift in the US government’s approach to crypto. Coinbase’s Chief Legal Officer (CLO) is calling it a huge win for crypto investors. South Carolina’s Retreat Coinbase’s CLO, Paul Grewal, announced that South Carolina dismissed its case. This…
Bitcoin is having a rough time, trading below key support levels as the bears are gaining momentum. After a brief, hopeful rise, selling is back, pushing Bitcoin’s price down and raising concerns about a bigger correction. Why the Drop? This shift in sentiment comes from a shaky overall financial market. Global economic instability and political…
Will Bitcoin soar or plummet? A new analysis suggests we might find clues by looking at inflation data. Inflation and Bitcoin: A Curious Correlation Truflation, a real-time inflation index, has noticed an interesting pattern. Whenever their inflation index dips sharply and then levels off or starts rising again, Bitcoin’s price tends to jump soon after….
