Author: Dren.H

Bitcoin hovers around $30,000 as traders anticipate potential market shifts, amidst signs of Bitcoin accumulation and returning whales. This week, Bitcoin (BTC) is trading above $30,000, but the absence of a definitive direction has the market anxious. Market participants are now awaiting signs of a significant trend change. This is largely because the leading cryptocurrency has been stuck in a phase of irregularity, bouncing back and forth between bear and bull markets without a clear sign of dominance.  This pattern has been persistent, despite various influencing factors such as macroeconomic data and institutional participation failing to alter the landscape. Hence,…

Warner Bros. is releasing DC’s ‘The Flash’ as an NFT, paralleling its digital debut, with added interactive features and bonuses. In a groundbreaking twist for the film industry, Warner Bros. is set to catapult DC superhero flick ‘The Flash’ onto the blockchain on July 18th. At the same time, the film is scheduled to roll out across traditional digital platforms. This twin release symbolizes a momentous stride towards integrating Web3 technologies with mainstream film distribution. Warner Bros., partnering with blockchain service provider Eluvio, is taking the leap into the blockchain world. Whether you’re a cryptocurrency enthusiast or a traditional credit…

US Senator Cynthia Lummis advocates for clearer cryptocurrency regulations following a significant Ripple’s XRP court ruling. In a recent tweet, US Senator Cynthia Lummis expressed the urgent need for well-defined cryptocurrency regulations, after Judge Analisa Torres’ ruling stating Ripple’s XRP token should not be classified as a security in digital asset exchanges. Lummis underscored the ruling’s importance, pushing for Congress to formulate a comprehensive crypto framework with clear guidelines. The Call for a Comprehensive Crypto Framework Lummis, a notable Bitcoin supporter from Wyoming, emphasized the critical need for a transparent crypto framework. This structure would not only protect investors but…

Despite regulatory hurdles, U.S. crypto startups lead in venture capital funding, absorbing 45% of total investment in Q2 2023. Crypto firms based in the United States are receiving a big chunk of all the venture capital (VC) funding directed towards the crypto industry. In fact, they’re not just leading, they’re dominating. Despite an atmosphere of heightened regulation, U.S. crypto firms are showing their mettle, pulling in almost half of all capital investments in the sector. A recent report sheds light on this. Galaxy Digital, a crypto investment company, published this insightful report on July 14. It underscored that American crypto…

The US SEC has sued Celsius Network and its former CEO, Alex Mashinsky, for alleged unregistered fundraising and fraud. The United States Securities and Exchange Commission (SEC) initiated a legal action against Celsius Network and its former CEO, Alex Mashinsky, on July 13. The former cryptocurrency lending firm collapsed last year, sending shockwaves through the industry. The SEC alleges that the company, together with Mashinsky, conducted unregistered and fraudulent fundraising activities, raking in billions of dollars from unwary investors. This development follows the US Commodity Futures Trading Commission’s (CFTC) earlier report that Mashinsky and Celsius violated multiple regulations prior to…

CCData’s new ESG Benchmark ranks Ethereum highest for sustainability, with Bitcoin lagging due to its energy-intensive operations. In a groundbreaking move, crypto data analytics powerhouse CCData unveiled its debut institutional-level scoring system. This unique approach evaluates digital currencies based on their environmental, social, and governance (ESG) footprint. Ethereum emerged as the top contender, leaving Bitcoin trailing due to its high energy consumption. Crypto Space Embraces ESG Criteria The innovative ESG Benchmark by CCData was born out of a partnership with the Crypto Carbon Ratings Institute (CCRI). They put 40 of the most widely-traded digital currencies under the microscope, examining factors…

Elon Musk launches new company, xAI, collaborating with Twitter and Tesla, which aims to decode the universe’s mysteries using artificial intelligence. In his latest move in the tech industry, Elon Musk, the acclaimed American entrepreneur, is pioneering a fresh company called ‘xAI’. With a mission to explore the complexities of the universe, xAI marks a new chapter in Musk’s journey within the artificial intelligence landscape. Collaboration with Musk’s Companies Announced to the public on July 12, xAI is not going solo. It’s joining forces with several of Musk’s other popular companies, such as Twitter and Tesla. It aims to push…

The Blockchain Association is calling for an SEC investigation into potential misconduct in Prometheum SPBD license approval. In an open appeal dated July 12, 2023, the Blockchain Association, a group championing progress within the digital money space, raised serious questions about some goings-on at the U.S. Securities and Exchange Commission (SEC). This group called for a deep dive into whether the SEC played fair when it gave a Special Purpose Broker-Dealer (SPBD) license to Prometheum Ember Capital, commonly known as Prometheum. They also wondered how Prometheum’s co-CEO, Aaron Kaplan, got the chance to speak before the U.S. House Financial Services…

In 2023, overall crypto crime declined but ransomware payments significantly increased, according to a report from Chainalysis. The year 2023 started on a positive note for the world of cryptocurrencies, with a notable reduction in crypto-related criminal activity, Chainalysis, a leading blockchain analysis company, reported. While crypto values are slowly climbing back from a challenging 2022 marked by several large-scale crypto business failures, we’re seeing a significant drop in the overall movement of cryptocurrencies to illegal operations. But there’s one area of concern that stands out – ransomware attacks. The increase in payments to ransomware criminals is alarming, making 2023…

The upcoming Mt. Gox repayment in October 2023 could potentially sway the Bitcoin market in unforeseen ways. The October repayment deadline of Mt. Gox, the hacked Bitcoin exchange, is nearing, and crypto enthusiasts are keeping a close watch on this potential industry-defining event. With an estimated 70% of all Bitcoin transactions facilitated by Mt. Gox before its fall, the impact of the approaching repayment deadline could bring a significant shift in the cryptocurrency market. In 2014, Mt. Gox suffered one of the largest cryptocurrency bankruptcies in history, losing 850,000 BTC (equivalent to 4% of all Bitcoins) to a security breach.…