Changpeng Zhao, the former CEO of Binance, is set to walk free from prison on September 29th. Zhao, who was serving time for violating anti-money laundering laws, has been housed at the Residential Reentry Management (RRM) Long Beach facility in Southern California. Zhao’s release comes after a tumultuous period for the crypto giant. He stepped…
Coinbase, the big name in US crypto, has launched its own version of Bitcoin called “cbBTC.” This new token is basically a Bitcoin-backed token that lives on the Ethereum network. Coinbase says it makes using DeFi (decentralized finance) easier for Bitcoin holders. A Big Debut cbBTC hit the market on September 12th and quickly reached…
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MicroStrategy, the company run by Bitcoin enthusiast Michael Saylor, is going all-in on Bitcoin again. They’re planning to raise a whopping $700 million by selling bonds to buy even more Bitcoin. Debt for Bitcoin This new debt will help them pay off some of their existing debt, which is currently secured by a huge chunk…
Last week, crypto investments saw a major comeback, with a whopping $436 million flowing into the market. This is a big change from the previous two weeks, which saw money flowing out. Bitcoin’s Big Win Bitcoin was the main driver of this positive change. After a long period of investors pulling money out, Bitcoin funds…
Bitcoin’s recent decline might seem surprising, given that the Federal Reserve is expected to cut interest rates this week. But, there’s more to the story than meets the eye. Why the Dip? Bitcoin’s price dropped by 2.7% in the past 24 hours, even though the Fed is expected to lower interest rates for the first…
Another Close Call Donald Trump was the target of a second assassination attempt at his golf club in Florida. This time, a man named Ryan Wesley Routh was found hiding in the bushes with an AK-style rifle. Secret Service agents engaged him in a shootout, and he was eventually caught on the highway. Who is…
Some analysts are predicting a big jump in the price of Ethereum (ETH). They’re seeing patterns in the market that suggest a huge price increase could be coming. A Bullish Outlook One analyst, Javon Marks, thinks Ethereum could be about to repeat a pattern that led to a 165% price surge in 2023. He’s even…
Arthur Hayes, the founder of the popular crypto exchange BitMEX, believes that the blockchain Aptos (APT) could revolutionize the way traditional finance (TradFi) operates. Aptos: A Solution for TradFi’s Problems Hayes, who has experience in the world of traditional finance, says that Aptos could solve many of the problems that plague the industry. He points…
Venture capitalist Chris Burniske is doubling down on his bet on Celestia (TIA), a layer-one blockchain project. Despite the token being down 77% from its all-time high, Burniske is buying more, believing it’s poised for a big comeback. Burniske dismisses concerns about a large token unlock scheduled for next month. He argues that the fear…
