Today we’re learning the story of a Bitcoin block that was mined just a couple days ago by a solo miner, surprising the crypto community by successfully mining block #887,212 with just a 480 GH/s Bitaxe rig. For some perspective, these mini-miners earn about $3 per year – yes you’re reading that correctly, per year […]
Bitcoin Price Surge to $105K Sparks Crypto Regulation Changes
The cryptocurrency market is experiencing a shift in regulation as Bitcoin aims for $105K with an increase in liquidity. The changing landscape of regulatory frameworks for digital assets is impacting the market dynamics, influencing the price movements of Bitcoin and other cryptocurrencies. As regulatory authorities around the world continue to explore and develop policies for […]
Robinhood Adds PENGU and POPCAT to Crypto Offerings in Expansion Effort
Robinhood, a popular stock and cryptocurrency trading platform, has recently added two meme-inspired cryptocurrencies to its lineup. The platform now supports Pengu and Popcat, two tokens that have gained popularity within the meme coin community. Pengu and Popcat are considered “memecoins,” a term used to describe cryptocurrencies that are created as a joke or based […]
U.S. Senate Banking Committee Approves Stablecoin Bill—Major Crypto Shift Incoming?
TL;DR The U.S. Senate approved a bill in its Banking Committee to regulate stablecoins. The GENIUS Act received majority support from the committee with an 18-6 vote, but it still needs approval from the House of Representatives. Although the bill is defended as a bipartisan initiative, several Democrats, led by Elizabeth Warren, have raised concerns […]
Just In: US Senate Committee Approves Senator Hagerty’s Stablecoin Bill, Genius Act
The U.S. Senate Banking Committee has approved the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), moving the bill closer to a full Senate vote. The legislation, introduced by Senator Bill Hagerty (R-TN), aims to create a federal framework for stablecoin regulation. With an 18-6 vote, the committee cleared the bill with […]
Circle Set to Launch $900 Million Money Market Fund Under DABA License
Circle is preparing to move its $900 million money market fund under a full Digital Asset Business Act (DABA) license in Bermuda. This move comes as part of the company’s ongoing efforts to enhance its compliance standards and regulatory framework. By obtaining the DABA license, Circle intends to offer a more secure and regulated environment […]
Analyst Explains Why An XRP Price Rally To $10 Is ‘Reasonable’
Crypto analyst Egrag Crypto has explained why an XRP price rally to $10 in this cycle is reasonable. The analyst alluded to historical performances and bullish fundamentals to drive home his point that this price target this year. Why An XRP Price Rally To $10 Is Reasonable In an X post, Egrag Crypto suggested that […]
Is Solana Heading Towards a Price Drop Below $100? Death Cross Signals Possible 30% Decrease
The price of Solana has plummeted below $100, signaling a bearish trend that has investors worried. The cryptocurrency is facing a “death cross,” a technical indicator that suggests further price declines. This development has led to a 30% drop in the value of Solana, causing concern among traders and analysts. Solana’s price drop is part […]
Compound Launches New Vaults on Polygon, Faces Backlash Over Morpho Deal
TL;DR Compound has launched new vaults on Polygon with Gauntlet and Morpho, aiming to regain market share against competitors like Aave. The collaboration uses Morpho’s infrastructure, which has sparked controversy due to the potential reliance on a direct competitor’s technology. The deal has raised criticisms due to possible conflicts of interest with Gauntlet and the […]
Franklin Templeton files for an XRP ETF
Franklin Templeton has filed for an XRP ETF, joining the likes of Bitwise and Canary Capital. There is optimism that with the conclusion of the Ripple lawsuit, the SEC could approve the XRP ETFs. The question of XRP’s status as a security has cast a shadow over its adoption by mainstream financial institutions. Asset management […]