The SEC is making waves in the NFT world, sending a warning to OpenSea, the biggest NFT marketplace, that they might sue the company. OpenSea’s CEO, Devin Finzer, says the SEC believes NFTs on their platform are actually securities, which is a big deal. Finzer is calling this a “sweeping move” that could hurt artists…
A Bitcoin address that hadn’t seen any action since 2011 has suddenly sprung to life, moving over $4 million worth of Bitcoin. This is a huge return for the owner, who originally bought the Bitcoin for just $64.46 back in 2011 when Bitcoin was still in its early days. A Dormant Wallet Awakens The wallet,…
Bitcoin mining just got a little harder. The latest adjustment to the Bitcoin network increased the difficulty for miners by 3%. This means it will take more computing power for miners to solve the puzzles needed to add new blocks to the blockchain. Why Does Difficulty Change? The Bitcoin blockchain is designed to produce new…
Crypto hackers are still a major threat, even as the industry matures. They’ve stolen over $1.2 billion in digital assets this year, which is a 15.5% increase compared to the same period in 2023. A Rollercoaster Year for Crypto Hacks While the overall trend shows an increase in stolen funds, there’s been a lot of…
Crypto scammers are changing their game plan. Instead of elaborate, long-term schemes, they’re now focusing on short-term, high-profit scams that target smaller groups and individuals. Short and Sweet According to a recent report by Chainalysis, the average lifespan of a crypto scam has dropped by over 50% since last year. Scammers are now running multiple,…
The crypto market went absolutely bonkers between 2020 and 2021. Bitcoin and other coins skyrocketed, with some altcoins like Solana, Fantom, Avalanche, and Terra seeing gains of 500 times their original value! This crazy growth was fueled by a few key factors: Government stimulus: The pandemic led to a ton of money being pumped into…
Bitcoin is becoming more stable, but it’s still early days Matt Hougan, the big boss at Bitwise, a company that invests in crypto, says Bitcoin is getting more stable and is becoming like gold. He thinks Bitcoin is a good place to store your money, especially since the US dollar has lost a lot of…
Crypto analyst Benjamin Cowen is warning Solana (SOL) investors that the Ethereum rival could be about to repeat a 2019 market pattern that saw altcoins plummet in value. Cowen, who has over 800,000 YouTube subscribers, points to a similar pattern in 2019 when altcoins rallied but then crashed after the Federal Reserve loosened its monetary…
A well-known crypto analyst, known as Rekt Capital, believes Bitcoin is about to enter a period of rapid growth. He’s predicting that Bitcoin could soon break its previous record high of around $73,800. Bitcoin’s History Suggests a Bullish Future Rekt Capital points to historical patterns in Bitcoin’s price movements. He argues that Bitcoin usually experiences…
BitMEX co-founder Arthur Hayes is bullish on Bitcoin, predicting that upcoming interest rate cuts by the Federal Reserve will send the cryptocurrency soaring. Fed Rate Cuts: A Sugar High for Bitcoin? Hayes believes that comments made by Fed Chair Jerome Powell last week signal that the Fed is preparing to cut rates, even though the…
