Cardano price: The Bitcoin price correction below the $62000 level on Monday accelerated the supply pressure in most of the major cryptocurrencies including Cardano. The ADA price showcased a downswing from $0.52 to $0.44 registering a weekly loss of 14.45%. The altcoin currently hovering above the combined support of 61.8% Fibonacci retracement level and $0.445 […]

US lawmakers are urging the Biden government to keep crypto oversight as a priority since countries at present are using it for sanction evasion. According to a Reuters report, to find out what further powers could be required to stop sanctioned entities in Russia and other countries from using digital assets like the stablecoin Tether, […]

Tether, the stablecoin titan behind USDT, recently announced that it is strategically investing in Blackrock Neurotech, a prominent rival of Elon Musk’s neural implant firm Neuralink, to boost brain-computer interface (BCI) technology.  In an official statement released by the stablecoin firm today, April 29, significant attention was drawn to the staggering $200 million investment done […]

SEC Chairman Gary Gensler’s insistent categorization of Ethereum (ETH) as security has attracted a comment from American attorney and lawmaker Thomas Emmer. The United States Representative perceives a hint of dishonesty in the lack of a clear stance on the matter. SEC Accused of Regulatory Dishonesty According to FOX Business reporter Eleanor Terrett, her conversation […]

Morgan Stanley, the American multinational investment bank, has filed a submission with the U.S. Securities and Exchange Commission (SEC) to permit the exposing of Bitcoin ETF to about a dozen of it investment funds. This strategy seeks to diversify their clients’ investment strategies by including the fast-growing cryptocurrency market. Funds Targeted for Bitcoin ETF Inclusion […]

The US Supreme Court rejected an appeal from Elon Musk in his “Twitter sitter” case. This leaves the agreement with the U.S. Securities and Exchange Commission (SEC) intact to have an in-house lawyer to pre-approve his social media posts related to Tesla. Elon Musk Lost Appeal in Tesla Posts Tesla chief executive officer Elon Musk […]

A new report suggests SEC Chairman Gary Gensler believes Ethereum (ETH) was a security for the last 12 months. An April 29 Fox Business report states that Gensler believed for at least a year that Ethereum was an unregistered security. This is in contrast to the previous positions of the Securities and Exchange Commission (SEC) […]

Ethereum-based Liquid restaking protocol EigenLayer has released the Whitepaper for its EIGEN native token on GitHub. This move has further stirred widespread anticipation in the crypto ecosystem as EigenLayer is establishing its foothold as one of the biggest projects in the industry thus far this year. EigenLayer Tokenomics and Incentives Spotlighted As unveiled by the […]

Co-founder of MicroStrategy Inc., Michael Saylor has reportedly earned around $400 million from pre-planned daily sales of the enterprise software company’s shares. This windfall stems from a strategic move initiated back in 2020 when Saylor began accumulating Bitcoin, a decision that has proven immensely lucrative. The significant rise in MicroStrategy’s stock price this year, doubling […]

Financial service company Stripe has inked a strategic partnership with blockchain network Avalanche, as it pursues crypto presence expansion.  Accessing Avalanche Through Stripe Avalanche took to X to announce the significant integration with Stripe, citing that users of the popular financial platform can now purchase AVAX directly. Noteworthy, these customers do not require the complex […]