Alexander Mashinsky, the ex-CEO of the now-defunct crypto lender Celsius, admitted to fraud. He faces up to 30 years in prison. The Charges The Department of Justice (DOJ) originally hit him with seven charges, but he pleaded guilty to two: commodities fraud and securities fraud. This involved two main schemes. Scheme 1: Lying to Customers…
France is getting ready to shake things up with a new tax on cryptocurrency in 2025. This isn’t just any tax; it’s part of a broader plan to replace the existing wealth tax with one targeting “unproductive assets.” Targeting “Unproductive” Assets Think of it as a tax on things that aren’t generating income, like luxury…
An economist suggests a wild scenario: former President Trump’s Bitcoin plans could dramatically increase Bitcoin’s value, similar to the oil price surge in the 1970s. Bitcoin: The New Oil? Macroeconomic analyst Luke Gromen thinks Trump’s talk about accumulating a massive Bitcoin stockpile isn’t just political posturing. He points to Trump’s statement calling Bitcoin “the new…
A popular crypto analyst, known as Rekt Capital, is predicting good things for several cryptocurrencies. Their analysis, shared with over 500,000 followers on X, focuses on Avalanche (AVAX), Polkadot (DOT), and Dogecoin (DOGE). Avalanche (AVAX) Looks Strong Rekt Capital highlights Avalanche’s strong performance in November, noting a significant monthly close above $38.57. They believe any…
XRP’s recent price spike has led to some big changes on the XRP Ledger (XRPL). Developers are making the blockchain more user-friendly, aiming to attract more people. Lower Fees and Reserves XRPL Labs recently adjusted its validator settings to significantly reduce fees and reserve requirements. This means it’s now cheaper and easier to create accounts…
CryptoQuant’s CEO, Ki Young Ju, says altcoins can no longer count on Bitcoin’s success to boost their prices. He explains that a big shift is happening in how Bitcoin is being bought. Bitcoin’s New Investors: A Game Changer for Altcoins The current Bitcoin rally, according to Ju, is mainly driven by institutional investors and Bitcoin…
Arthur Hayes, the founder of BitMEX, a cryptocurrency exchange, thinks Bitcoin (BTC) could skyrocket to a million dollars within the next five years. He bases this prediction on the continued global trend of governments printing money. Money Printing Fuels Bitcoin’s Potential Hayes argues that most governments are struggling financially. They can’t cut spending or raise…
Cardano just blew past a major milestone: it processed over 134,000 transactions per second (TPS)! That’s seriously impressive. Charles Hoskinson’s Reaction Cardano’s CEO, Charles Hoskinson, was understandably excited, tweeting “Not bad Cardano. #HailHydra” along with a screenshot showing the impressive 134,464 TPS. The Secret? Hydra Doom! When someone asked if this happened on a testnet,…
Bitcoin’s price has been hanging around $95,000 after a recent dip from $99,000. Holding above this level is key; if it falls below, we could see a correction down to $90,000 or even lower. A Weird Altseason? CryptoQuant’s CEO, Ki Young Ju, says this altcoin season is unlike any before. He calls it “weird and…
Coinbase CEO Brian Armstrong recently declared that his company will cut ties with any law firm that hires individuals he views as having actively worked against the cryptocurrency industry. This decision comes amid a potential shift towards more crypto-friendly regulations under a second Trump administration. Armstrong’s Public Declaration Armstrong’s announcement, made via a Twitter/X post,…
