Crypto

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A Hero Falls: Bitcoin Community Blasts Michael Saylor’s ‘Paranoid Crypto-Anarchists’ and Self-Custody Remarks

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Microstrategy co-founder Michael Saylor blasted the original bitcoin community stating that crypto-anarchists were paranoid about possible bitcoin seizure events involving the large companies that currently provide crypto custody. Saylor said that they were the ones who could incentivize a seizure measure due to their lack of compliance with government rules while exercising self-custody. Michael Saylor … Read more

Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil

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The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant, with Tether’s USDT leading the charge. The leading stablecoin registered volumes of $27.4 … Read more

Industry Stakeholders Cautious as Argentina Drafts New Crypto Regulations

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Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil. Argentina Submits Draft for VASP Rules to Public Consultation Argentina is innovating … Read more

2 Outcomes: Ripple’s Legal Chief Reveals Best SEC Can Hope for in XRP Appeal

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Ripple’s chief legal officer has highlighted two potential outcomes for the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit over XRP. He explained the SEC’s best-case scenario and noted that Ripple’s Fair Notice defense remains solid. The Ripple legal chief also reaffirmed XRP’s non-security status despite the appeal. 2 Outcomes: Ripple’s Stuart … Read more

HTX Completes $21.25 Million Token Burn In Q3 2024, Shifts To Full Destruction Model

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HTX (@HTX_Global) has successfully completed its third-quarter token burn for 2024, eliminating 15.81 trillion $HTX tokens, valued at $21.25 million. This burn, conducted just two days ago, marks a continued effort by the platform to enhance the token’s value through strategic supply reduction. Since March 2024, when HTX initiated its liquidity donation and burn program, … Read more

BlockTower Capital And Crypto Whales Make Major Moves With EIGEN, Amid Losses

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BlockTower Capital has recently made another significant withdrawal, pulling 372,578 EIGEN tokens (worth $1.18 million) from FalconX. Over the past seven days, the venture capital firm has accumulated a total of 1.026 million EIGEN tokens ($3.57 million) from Wintermute Trading and FalconX, with an average purchase price of $3.482. However, the firm currently faces an … Read more

How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

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Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy … Read more

Bitcoin’s Potential ATH Signals Bull Run, But Altcoin Season Remains Elusive

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As Bitcoin gears up to possibly achieve a new all-time high (ATH) by the end of the year, the anticipated bull run seems to be on the horizon. However, altcoin season has yet to kick off. In light of the current surge in interest surrounding artificial intelligence (AI) tokens, we’ve analyzed key on-chain data and … Read more

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