Bitcoin Rally on the Horizon, Says Analyst

On-chain analyst Willy Woo predicts a major Bitcoin rally in the coming months, potentially breaking records. Reasons for Optimism Increased global liquidity: This tends to benefit risky assets like Bitcoin. Bitcoin halving: The halving event, which occurred in April, removes inefficient miners, reducing sell pressure and potentially boosting demand. Timing Woo expects the rally to…

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Cardano’s Genesis Upgrade: What It Means

Cardano founder Charles Hoskinson has teased the upcoming “Genesis” upgrade, promising significant enhancements to the blockchain’s security. Ouroboros Genesis: A Deeper Dive Genesis is a major update to Cardano’s Ouroboros consensus mechanism, which ensures that all participants agree on the same version of the blockchain. It introduces several new features to protect nodes, especially when…

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Tornado Cash Developer Alexey Pertsev Fights for Justice

Background: Tornado Cash in the Spotlight Tornado Cash, a crypto mixing service, lets users hide the origins and destinations of their transactions. This has made it popular with privacy advocates, but it’s also raised concerns about its use in illegal activities. Pertsev’s Arrest and Conviction In August 2022, Alexey Pertsev, the developer behind Tornado Cash,…

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Nigeria’s Crypto Market in Turmoil as KuCoin Withdraws

Regulatory Scrutiny Nigeria’s currency, the naira, is in a downward spiral, and the government blames cryptocurrency for its woes. The Central Bank of Nigeria (CBN) has accused crypto platforms of manipulating the currency’s value and undermining monetary policy. Exchanges Under Fire Major crypto exchanges like Binance, OKX, and now KuCoin have suspended naira support on…

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El Salvador’s Volcano-Powered Bitcoin Mining

El Salvador’s Bitcoin Office has revealed that their geothermal system, powered by a volcano, has mined approximately 474 Bitcoin (BTC) over the past three years. Mining Success The Central American nation, which made Bitcoin legal tender in 2021, has generated around $30 million worth of the cryptocurrency using a power plant fueled by the Tecapa…

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SEC Accused of ‘Gaslighting’ Crypto Industry

Coinbase’s Chief Legal Officer, Paul Grewal, has criticized the Securities and Exchange Commission (SEC) for allegedly misleading the courts and the crypto sector. SEC’s Lack of Transparency Grewal pointed to the SEC’s case against Digital Licensing Inc., a company that operated as “DEBT Box.” He noted that the SEC admitted in court documents that it…

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