Genius Group Limited has announced a new “Bitcoin-first” strategy, making the cryptocurrency its primary treasury reserve asset. The move follows a recent restructuring of Genius Group’s Board of Directors to include blockchain and Web3 experts. “Bitcoin-First” Strategy According to a November 12 press release, the AI-driven education and business acceleration firm plans to allocate at […]
During a recent appearance on Fox News, Ripple’s chief executive, Brad Garlinghouse, spoke about the aftermath of Donald Trump’s victory in the 24 US presidential elections. He believes the US crypto industry will benefit a lot from a more ‘lawful’ administration. The US Crypto Industry Won Although it has been just a week or so […]
Ukrainian crypto holder Viacheslav Leibov was robbed by a group of armed men in Phuket, Thailand, on November 8th. The incident led to a loss of 250,000 USDT and marks the latest in a series of security incidents involving crypto investors across major cities. Armed Robbery According to the report by Bangkok Post, the 23-year-old, […]
The cryptocurrency market went through a somewhat painful correction yesterday, but most assets are back in the green today. Cardano’s native token has emerged as one of the top performers, surging by more than 20% and exceeding $0.75 earlier today for the first time since March this year. This places the asset’s weekly gains at […]
TL:DR; The two best performers from the larger-cap alts over the past few days have been Ripple’s XRP and Cardano’s ADA. Perplexity analyzes each token’s chance to reclaim the coveted $1 price tag by the end of the year. XRP at $1 It seems fueled by the growing speculations that the current SEC chair, Gary […]
Ilya Lichtenstein, a 35-year-old programmer, was sentenced to five years in prison for his part in laundering Bitcoin stolen from the Bitfinex crypto exchange. The U.S. Department of Justice (DOJ) announced the sentence, marking a significant development in a case involving the theft of nearly 120,000 BTC, valued at $71.8 million in 2016 but worth […]
Bitcoin experienced a short-term pullback at the end of the business week, slipping below $87,000 briefly after registering its latest all-time high of nearly $94,000 on Wednesday. However, the worst could be over as the asset has recovered most of the losses and currently sits above $91,000. At the same time, on-chain factors have emerged […]
Gensler, who is potentially weeks away from being replaced as the head of the SEC by President-elect Donald Trump, has remained defiant and true to his stance on crypto and enforcement. In a speech in New York on Nov. 14, Gensler said that “not every [crypto] asset is a security.” He added that former SEC […]
The British government plans to introduce legislation to regulate stablecoins and crypto staking. This move comes as President-elect Donald Trump lays out his plans to make the United States a global crypto hub, creating fresh competition for the UK to retain and attract digital asset businesses. Stablecoin and Staking Legislation According to a Bloomberg report, […]
Around 38,500 Bitcoin options contracts will expire on Friday, Nov. 15, and they have a notional value of around $3.4 billion. Today’s options expiry is pretty similar in magnitude to last week’s, as markets have remained buoyant for most of the week. However, analysts have cautioned that a correction is due following the largest rally […]