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The Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam recently emphasized the need for congressional action on cryptocurrency regulation and the oversight of predictive election betting. At the annual meeting of the Securities Industry and Financial Markets Association (SIFMA), Behnam outlined the urgency of establishing clear legal frameworks for these rapidly evolving sectors. CFTC Calls…
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The Solana Price could enjoy a 26x increase from its current price and rise to as high as $4,500. This is based on an analysis of a cup and handle pattern that just formed on the coin’s chart. This provides a bullish outlook for SOL, which is already bullish territory thanks to its fundamentals, which…
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The Bitcoin (BTC) hashrate continues to climb, reaching new heights as a key indicator of network adoption and security. Despite increasing mining difficulty since the last halving, investment in Bitcoin mining operations has grown substantially. This article explores three major factors likely to push the BTC hashrate beyond its current all-time high of 925 EH/s.…
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In a recent discussion, Solana’s co-founder, Anatoly Yakovenko, raised questions about the vitality of the Ethereum ecosystem without the contributions from Base, a Layer 2 solution. This query comes amidst observing the metrics of growth shown by Base, particularly in user activities and transaction volumes. Rapid Growth In Base Layer 2 Solutions Base has seen…
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Ripple CEO Brad Garlinghouse has recently step forward to address the discussion on Chris Larsen, the co-founder of Ripple who donated $10 million to the campaign of Vice President Kamala Harris. Garlinghouse commended Larsen for his decision while also emphasizing that Ripple does not support any particular party relating to crypto regulation. Garlinghouse was keen…
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Litecoin founder Charlie Lee recently spoke about enthusiasm for the ETF application, especially regarding rising institutional interest in Litecoin and possible approval. He also pointed out the importance of the demand, reflected by the more than daily 2% growth of the Grayscale Litecoin Trust, which is currently trading at more than double its NAV. He…
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The cryptocurrency market is regaining its “Uptober” momentum as Bitcoin prices surge towards $70,000. This renewed optimism has led analysts to predict Ethereum has bottomed out and could rally towards $4,000. However, ETH is currently down 2.73% to $2,667 with a $322.2 billion market cap. The 72% spike in 24-hour trading volume indicates correction risks…
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Transak, a fiat-to-crypto payment gateway has revealed data breach incident that impacted more than 57,000 users. The compromise which happened through a phishing attack on an employee’s laptop has led to the disclosure of personal user data. The infamous Stormous ransomware group has taken credit for the crypto hack, which has already cast doubt on…
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Federal Reserve Bank of Dallas President Lorie Logan again called for gradual rate cuts, citing uncertainty in the current economy. She explained that if the economy is moving forward, a steady path of policy-rate reductions is more than welcome. Lowering rates toward neutrality could help achieve the Fed’s goals, she said. However, she commented that…
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In a bid to address the needs of its growing customer base, commission-free brokerage Robinhood has initiated transfers for Solana (SOL). This move is significant for both Robinhood and Solana, as the flexibility in handling SOL can bring value to both ecosystems. Robinhood Solana Transfer, the Major Catch For Robinhood that operates a somewhat closed…