Do Kwon, co-founder of Terraform Labs, along with Shin Hyun-Sung, the former founder of Chai Corporation, are embroiled in severe legal challenges. Prosecutors in South Korea have implicated them in a massive scheme to defraud investors by artificially inflating the perceived value and demand for TerraUST and LUNA, the native cryptocurrencies of the now-defunct Terra blockchain. These cryptocurrencies once captivated
The future of Bitcoin (BTC) continues to be a hot topic among analysts and investors alike, with recent optimistic predictions painting a compelling picture of potential price surges. Gautam Chhugani and Mahika Sapra of Bernstein have released a notable set of forecasts, suggesting that Bitcoin could catapult to a lofty $200,000 by 2025, with an even more staggering potential of
Greenpeace USA has ramped up its campaign against Bitcoin’s Proof-of-Work (PoW) consensus mechanism, pointing to its substantial energy consumption and significant carbon emissions as pressing environmental concerns. According to the organization, Wall Street’s financial institutions play a significant role in perpetuating these harmful activities. Major institutions such as Trinity Capital, Stone Ridge Holdings, BlackRock, Vanguard, and MassMutual have come under
Solana, a groundbreaking blockchain platform, has emerged as a formidable competitor to other blockchain technologies, particularly Ethereum. Central to Solana’s innovation is its unique consensus mechanism that combines “proof-of-history” (PoH) with the more traditional “proof-of-stake” (PoS). This hybrid approach allows for superior transaction speeds, lower costs, and significantly enhanced scalability, making it particularly appealing for decentralized applications (dApps). Let’s delve
Vietnam is on a fast track towards becoming a cashless society, spurred by technological innovations and strategic initiatives. The sixth annual celebration of Vietnam’s Cashless Day 2024 symbolizes the country’s drive to integrate digital payments into everyday transactions. Visa, partnering with the State Bank of Vietnam and Tuoi Tre Newspaper, plays a pivotal role in this transformation by promoting cashless
As the warm summer months approach, whispers from the crypto corridors suggest an impending lull in market activity. A recent analysis by the Singapore-based crypto trading firm, QCP Capital, channeled through its Telegram presence, has struck a chord with an assessment that leans towards reduced volatility in the near horizon of cryptocurrencies. Notably, Bitcoin (BTC) and Ethereum (ETH), the twin
In a game-changing move for the Bitcoin mining community, a strategic alliance has been formed with significant consequences. NiceHash, known as the leading Bitcoin hashing power marketplace, has teamed up with NASDAQ-listed Marathon Digital Holdings Inc., referred to as MARA, to launch an innovation set to redefine the efficiency and profitability of Bitcoin miners. This collaboration has created a custom
The financial skyline of Hong Kong is experiencing a transformation that could position it as a global contender in the cryptocurrency arena. At the forefront of this change is Victory Securities, a brokerage firm that has secured a license from the Securities and Futures Commission (SFC) to extend digital asset trading services to the retail market. This move signals a
In an industry as dynamic as cryptocurrency, pinpointing the next big trend or surge is top-of-mind for investors and analysts alike. With recent chatter and analysis buzzing about Ethereum, one can’t help but wonder: could Ethereum really hit the astonishing $10,000 mark? Analyst CrediBULL Crypto seems to think so, even as Ethereum experiences selling pressure beneath the $3,500 threshold. There
After an astonishing rally in the first quarter of the year, largely attributed to the feverish excitement surrounding the U.S. Bitcoin Exchange-Traded Funds (ETFs), Bitcoin has encountered a more torpid phase in the second quarter of 2024. The performance of the cryptocurrency market frequently oscillates between dramatic peaks and troughs, and the latest shift embodies just that—a downturn signaling caution
In a decisive pivot, the government of Turkey has implemented a new financial tax policy that heeds the call of economic exigencies. With the nation still reeling from the financial repercussions of the natural disasters of 2023, a fresh perspective on fiscal measures is taking shape. The government has rolled out a 0.03% transaction tax on cryptocurrency trades, a move
In anticipation of global events like the 2024 Olympics, the fusion of blockchain, sports, and luxury brands isn’t just changing the rules of the game—it’s redefining the fan experience altogether. By tapping into the power of blockchain, brands like LVMH are building deeper connections with enthusiasts through enhanced interaction and premium experiences. This seamless melding of the virtual world with
