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A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to our financial institutions than it did before,” he said. Cornell Professor’s Crypto Warning … Read more
Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency. Laffer Warns of U.S. Dollar Decline Amid Economic Policy … Read more
Over the past week, there’s been a buzz among market watchers about solana’s performance against BTC, especially when compared to ether. Since the year kicked off, ether has tumbled over 20% against the leading cryptocurrency, while solana has gained more than 5%. Solana, Ethereum, and Bitcoin — Dominance Competition Heats Up Among Crypto Giants In … Read more
The assets in question were evidently given to Tether as collateral. Go to Source
During Friday’s trading sessions, U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) experienced significant outflows, with $89.73 million exiting the BTC ETFs and $15.71 million flowing out of the ETH ETFs. Bitcoin and Ethereum ETFs See Reductions Data from sosovalue.xyz revealed that the 12 spot bitcoin ETFs collectively saw $89.73 million in outflows on Friday, … Read more
In recent days, as bitcoin edged past the $60,000 mark after dipping below $50,000 on Monday, Aug. 5, a couple of intriguing dormant bitcoin transfers have surfaced from wallets established in 2013. The first case involved an individual who moved 250 BTC—worth just over $15 million—from a long-inactive address created on May 12, 2013. In … Read more
This lawsuit comes amid the Nigerian government’s increasingly hostile stance toward cryptocurrencies. Go to Source
QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising concerns about its current market standing. QCP Capital Reports Bitcoin’s Resilience Amid Volatility; Ethereum Faces Liquidity … Read more
As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment. Go to Source
A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly aiding victims’ compensation. Onecoin’s Ruja Ignatova Faces Global Asset Freeze Amid Investor Lawsuit … Read more