Vice President Kamala Harris has unveiled plans to establish a regulatory framework for cryptocurrency and digital assets, aiming to protect Black men who invest in these markets. This initiative is part of her broader Opportunity Agenda, which seeks to provide tools for wealth creation and economic advancement within the Black male community. As outlined in […]
The success of DePIN is in all of our pockets
The following is a guest post from J.D. Seraphine, Founder and CEO at Raiinmaker. In an era where technology advancements continuously reshape the landscape of our daily lives, mobile devices have emerged as an integral tool for driving connectivity. Growing hand in hand with this connectivity has been the public’s consciousness and concern for the […]
Bitcoin on track for longest flat market in halving year history
Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn’t show significant upward movement within the next 14 days. According to a dashboard shared by CryptoQuant CEO Ki Young Ju, the longest time BTC took to rise was 298 days. Bitcoin achieved its highest return […]
Binance ‘deeply disappointed’ by Nigerian court’s refusal to grant Gambaryan bail
Binance has expressed disappointment over a Nigerian court’s decision to deny bail to its executive, Tigran Gambaryan. On Oct. 11, the High Court in Abuja rejected Gambaryan’s latest bail request, citing procedural issues. The court noted that Gambaryan had an ongoing appeal against a previous bail denial, making the new application improper. Additionally, the judge […]
V-shaped recoveries historically bullish for Bitcoin as market rapidly retakes $61,000
Bitcoin briefly fell below $59,000 last night before rebounding to reclaim the critical $61,000 level in a rapid V-shaped recovery. Historical data indicates that similar swift recoveries on a 30-minute resolution have consistently led to either higher gains or sideways trading, with few instances of further declines. Bitcoin V-shaped recovery Oct. 11 (TradingView) Last week, […]
Fitness coach takes IRS to court again in battle for crypto staking reward tax precedent
Fitness coach and part-time crypto investor Josh Jarrett has filed a lawsuit against the US Internal Revenue Service (IRS) over its tax policy on staking rewards. In an Oct. 10 post on X, Jarrett shared that his 2021 attempt to clarify the issue was inconclusive as the IRS offered him a refund without addressing whether […]
Metaplanet acquires additional 108 BTC in efforts to dethrone Meitu as Asia’s top Bitcoin holder
Japanese investment firm Metaplanet has increased its Bitcoin holdings to over 700 BTC after its latest acquisition of the top crypto asset. On Oct. 11, Metaplanet confirmed the purchase of an additional 108.999 BTC for ¥1 billion. The firm acquired the Bitcoin at an average price of ¥9.17 million, roughly $61,659. This marks Metaplanet’s third […]
Bitcoin bull market primed for second breakout and long-term holding profit taking
Bitcoin’s current market movements indicate the bull cycle remains underway, according to an analyst at CQ Korea, Crypto Dan. Posting to CryptoQuant, Dan highlights historical patterns from the 2013 and 2020 cycles, which show two rising phases where long-term investors realized profits twice before reaching a peak. Unlike 2017, which lacked a period adjustment, he argues that the […]
FBI’s token sting operation faces copyright controversy over MIT license misuse
On Oct. 9, the US Federal Bureau of Investigations (FBI) announced it took an “unprecedented step” of creating a crypto token, NexFundAI, to catch individuals accused of manipulating crypto markets and inflating token values. However, concerns have surfaced regarding the smart contract tied to NexFundAI, with analysts pointing out potential copyright violations and the unintentional […]
Dapps see 70% surge in usage to hit record activity levels during Q3
Decentralized applications (dApp) registered a significant 70% surge in daily unique active wallets (UAW) between the second and third quarters, reaching an all-time high of 17.2 million, according to DappRadar’s third-quarter report. Applications tied to artificial intelligence (AI) emerged as the standout performers among the different sectors within the dApp industry last quarter, averaging nearly […]