JPMorgan CEO Jamie Dimon recently drew significant criticism from the crypto community after stating that the “only true use case” for Bitcoin and cryptocurrency is to facilitate criminal activities. Dimon made these remarks during a hearing before the United States Banking Committee on December 5. His strong statement calling for the government to shut down
Altcoins
In a recent lawsuit filed by the Securities and Exchange Commission (SEC) against DEBT Box and other defendants, the court has found that the agency misled the court in order to secure a temporary restraining order. As a result, DEBT Box and its lawyers are now requesting the dismissal of the case, citing the SEC’s
Bitcoin (BTC)-related investment products have experienced significant growth in recent months, positioning them as the primary beneficiaries of investor interest in the world of cryptocurrencies. This surge comes as the industry eagerly awaits the potential approval of a spot Bitcoin ETF in the United States. Over a span of 10 weeks, a staggering $1.76 billion
As we look towards the future of the cryptocurrency market, there are several catalysts that could potentially kick off the next bull market. One of these catalysts is the upcoming Bitcoin halving, a phenomenon that occurs approximately every four years. During a halving event, the supply of new Bitcoin is cut in half, which historically
Chainlink (LINK) has experienced a significant rebound, surging by over 240% from its yearly low in June 2023. This impressive recovery has caught the attention of market participants, who are now speculating on the possibility of further gains in the days and weeks ahead. Several on-chain and technical indicators suggest that the price of LINK
Cryptocurrency market manipulation involves the intentional use of deceptive strategies to artificially control the price of cryptocurrencies. These manipulative tactics can take various forms and have a significant impact on the market’s integrity. Recognizing and understanding these techniques is crucial for investors and regulatory authorities alike. One common sign of market manipulation is the occurrence
In a recent discovery, blockchain analysis firm Spot On Chain identified the movement of $10.8 million worth of cryptocurrencies from wallets associated with defunct crypto trading firms FTX and Alameda Research. These funds were transferred to accounts in popular crypto exchanges such as Binance, Coinbase, and Wintermute. This raises questions about the intentions and motives
The recent approval of asset sales from bankrupt crypto exchange FTX has provided a glimmer of hope for creditors affected by the collapse of the exchange in 2022. The Delaware bankruptcy court has given the green light for FTX to sell around $873 million of trust assets, with the proceeds being utilized to repay impacted
In a bold move, the mastermind behind the recent $46 million crypto heist involving KyberSwap has issued a demand for a change in the tone of negotiations. The anonymous exploiter sent an on-chain message on November 28th to KyberSwap executives, tokenholders, and liquidity providers, stating that they would only release a statement regarding a potential
The hype surrounding blockchain and cryptocurrency has led to the emergence of numerous projects that claim to harness the power of artificial intelligence (AI). However, amidst this hype, it is crucial to identify genuine use cases for AI in the realm of crypto and blockchain. In this article, we will explore the potential role of
