Technical Pattern Suggests Bitcoin Recovery Bitcoin’s recent price action has been forming what technical analysts call a falling wedge pattern, which could potentially signal a recovery from the current correction. The cryptocurrency dropped from its October 8 record high of $126,000 to recent lows around $106,000, but this decline might be setting up for the…
SEC Chair Clarifies Crypto Token Categories SEC Chair Paul Atkins made some of his most direct statements yet about which crypto tokens should be considered securities during a lengthy speech on Wednesday. His comments provide clearer guidance about how the Wall Street regulator plans to handle the growing crypto industry under the current administration. Atkins…
Bitcoin Miners Face Financial Strain Bitcoin miners are experiencing significant financial pressure as the hash price—a key profitability metric—has dropped to concerning levels. The current hash price sits at $42 per petahash per second, which represents a more than 30% decline from July’s figure of roughly $62. This drop comes at a particularly challenging time…
JCT Trading Begins on Binance Platforms Binance has officially added Janction’s native token JCT to its trading platforms, with spot trading starting on November 10 at 10:00 UTC. The JCTUSDT perpetual contract will follow just 30 minutes later at 10:30 UTC, offering traders up to 40x leverage on their positions. This marks the first time…
Courtroom skepticism marks SBF’s appeal hearing Sam Bankman-Fried’s appeal hearing at the Second Circuit Court of Appeals didn’t seem to go particularly well for the former FTX CEO. The three-judge panel—Eunice Lee, Maria Araújo Kahn, and Barrington Parker—appeared quite doubtful about the arguments presented by his appellate attorney, Alexandra Shapiro. Shapiro argued that Bankman-Fried didn’t…
Cango’s Dual Strategy for Growth Chinese automotive platform Cango, which shifted to Bitcoin mining about a year ago, is now taking a two-pronged approach to its technology operations. The company plans to strengthen its existing Bitcoin mining business while also entering the artificial intelligence high-performance computing market. This move represents a significant expansion of their…
Binance Expands Blockchain Participation Binance has officially become a validator on the Sei Network, marking another step in the exchange’s growing involvement with blockchain infrastructure. This move means Binance will now participate directly in the SEI blockchain’s block production and network security maintenance. Validators on public blockchains like Sei are responsible for recording transactions, generating…
Court Rules Against Bitcoin Claim in FBI Evidence Case A federal court has dismissed a lawsuit seeking $354 million in damages from the U.S. government over lost Bitcoin. The case involved Florida resident Michael Prem, who claimed the FBI erased a hard drive containing 3,443 Bitcoins during a criminal investigation. The court found that the…
Partnership Details and Objectives Blazpay, a decentralized payment platform, has announced a partnership with PVPFUN, a Web3 infrastructure provider. The collaboration aims to create a more integrated experience for gamers and creators in decentralized environments. According to the official announcement on X, this move could help establish what they call a community-driven, creator-centered economy within…
Ripple Expands Institutional Services with Prime Brokerage Launch Ripple has officially launched its Digital Asset Spot Prime Brokerage service, marking a significant expansion of its institutional offerings in the United States. The new platform enables over-the-counter spot transactions specifically designed for US-based institutional clients. This move represents Ripple’s continued push into the institutional crypto space,…
