As Bitcoin surges past the $50,000 threshold, optimism pervades the entire market. Notably, Peter Schiff, a prominent critic of Bitcoin, has characterized the recent price movements as indicative of a “pump and dump” scheme. Schiff’s skepticism arises against the backdrop of Bitcoin’s well-documented volatility, a factor that has long been a concern for traders. While…

A new cryptocurrency with a canine theme, dubbed Dogecoin, has experienced a remarkable surge in value on the Solana network, spiking by a staggering 9,400% within a single day. As per data from dextools, the total market capitalization of this Dogecoin doppelganger stands at $160,690, with liquidity reaching $24,600 and a 24-hour trading volume of…

The Seattle federal court has postponed the sentencing decision for former Binance CEO Changpeng Zhao (CZ) to the end of April 2024, as reported by CNBC. The court announced that the decision regarding CZ’s sentencing for charges related to money laundering rules violations would be delayed until April 30. Although the court provided no explicit…

Braden John Karony, the CEO of the troubled cryptocurrency project SafeMoon, has been released on bail, but his legal team has decided to no longer represent him. In November 2023, Karony and SafeMoon’s Chief Technology Officer, Thomas Smith, were arrested on charges of securities fraud, money laundering, and conspiracy to commit wire fraud. However, Kyle…

Shiba Inu (SHIB/USD) is currently experiencing a surge in positive momentum, driven by robust network activity and a notable increase in interest from large investors. This bullish trend is further underscored by recent announcements from the marketing lead, hinting at promising developments for the project. Recent data from IntoTheBlock indicates a significant uptick in transactions…

United States Securities and Exchange Commission (SEC) Chair Gary Gensler emphasized the agency’s commitment to cybersecurity in a letter dated February 6, following a SIM swap attack the previous month. The letter, prompted by House Republicans’ inquiry into Gensler’s handling of the attack, provided a detailed timeline of the incident and reaffirmed the SEC’s dedication…

Bitcoin surged past the crucial $50,000 resistance level earlier today around 11:00 AM EST, marking its first breach of this milestone since December 2021. Despite this significant achievement for the crypto market, the upward momentum of the leading cryptocurrency has been tempered by selling pressure from major exchanges like Binance and Coinbase. This rally in…

ERC-404 tokens have been the talk of the town in the crypto community since they burst onto the scene in early February 2024. However, after experiencing a rapid surge in growth over the past week, the fervor surrounding this experimental Ethereum token standard seems to be cooling off. ERC-404 Sector Market Cap Fluctuates In the…

The competition for a spot Ethereum exchange-traded fund (ETF) is intensifying, with Franklin Templeton, a prominent Wall Street institution, entering the race by submitting a proposal to the Securities and Exchange Commission (SEC). Franklin Templeton, managing assets worth $1.4 trillion, aims to introduce a fund that allows investors to access Ethereum (ETH), the second-largest cryptocurrency…

A group of U.S. senators, including J.D. Vance (R-Ohio) and Cynthia Lummis (R-Wyo.), recently voiced their concerns over the Securities and Exchange Commission’s (SEC) handling of a cryptocurrency-related lawsuit involving the blockchain project DEBT Box. This criticism, conveyed in a letter addressed to Chair Gary Gensler, highlights perceived discrepancies in the SEC’s conduct during the…