In a landmark decision that could reshape cryptocurrency regulation, the U.S. Court of Appeals for the 5th Circuit has overturned government sanctions against Tornado Cash, a controversial blockchain service that allows users to anonymize cryptocurrency transactions. The ruling marks a significant victory for digital privacy advocates and cryptocurrency companies, effectively blocking the U.S. Treasury Department’s
The latest memecoin to capture the attention of crypto traders is MOODENG, inspired by a two-month-old pygmy hippopotamus named Moo Deng at Thailand’s Khao Kheow Open Zoo. This animal-themed token has surged in popularity, reflecting the continued fascination with novelty coins in the crypto market. Notably, MOODENG is the first meme coin in the past
Tyler and Cameron Winklevoss, the billionaire founders of cryptocurrency exchange Gemini, announced on Thursday that they have each donated $1 million in bitcoin to support Donald Trump’s presidential campaign. This move marks a significant contribution from prominent figures in the crypto industry to the Republican candidate. The twins, known for their early involvement with Facebook
Investors pulled $200 million from U.S. bitcoin ETFs on Tuesday, likely de-risking ahead of key inflation and Fed reports due Wednesday. The outflows, the highest since May 1st, came amid a bitcoin selloff that saw prices briefly dip below $66,200. Grayscale’s GBTC accounted for $120 million of the redemptions, leading all bitcoin ETFs in outflows.
Grayscale’s Bitcoin Trust (GBTC), the world’s largest spot Bitcoin ETF, appears to be witnessing a turnaround after facing significant outflows since the introduction of spot Bitcoin (BTC) ETFs in January. According to data provided by Farside Investors, GBTC saw $3.9 million in net inflows on May 6, marking its second consecutive day of inflows. While
Two AI-focused cryptocurrencies are experiencing a surge as OpenAI introduces its latest text-to-video project. In a recent announcement, OpenAI unveils Sora, a cutting-edge model capable of generating high-definition videos from text prompts. Introducing Sora, our text-to-video model. Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple
The South Korean Financial Services Commission (FSC) is currently deliberating on a proposed amendment to its credit finance act, with the specific intention of restricting the use of credit cards for the acquisition of cryptocurrencies. The FSC’s decision, outlined in a post on January 3, is primarily motivated by the desire to address concerns related
BitMEX, a cryptocurrency derivatives exchange, is sending a physical bitcoin to the moon. The bitcoin wallet, shaped like a coin, will land on the lunar surface aboard the Peregrine spacecraft, marking the first financial asset to touch the moon, according to BitMEX. Bitmex Sending Bitcoin to the Moon Crypto derivatives exchange BitMEX made a notable
While 2023 saw Bitcoin take a wild ride, with dramatic dips fueled by industry shake-ups like FTX and Terra, a surprising trend emerged: businesses accepting Bitcoin skyrocketed by a whopping 174%. BTC Map data reveals a stunning transformation – by year’s end, 6,126 restaurants, bars, shops, and services embraced the digital currency, compared to a
Cryptocurrency investors face a surge in scams using AI-generated deepfake videos, impacting platforms such as Youtube and X. Notable figures like Ripple CEO Brad Garlinghouse and Microstrategy executive chairman Michael Saylor have been targeted. Saylor recently warned about fraudulent deepfake videos on Youtube depicting him and Microstrategy giving away Bitcoin. Cautioning followers, he emphasized the