Peter Schiff, a well-known gold bug and vocal critic of bitcoin, recently issued a warning about the impact of the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission. Despite bitcoin’s price resurgence above $70,000, Schiff believes that bad news may be on the horizon for BTC if Ethereum ETFs are
Crypto
Polimec, a newly launched decentralized funding protocol on the Polkadot network, aims to revolutionize how Web3 projects raise capital and issue tokens. Offering a transparent and regulatory-compliant environment, Polimec facilitates connections between investors and startups on a global scale. This innovative platform represents a significant advancement in Web3 fundraising engagement by enabling community members to
The recent announcement of Michael Sonnhenshein stepping down as the CEO of Grayscale, the world’s largest Bitcoin ETF, has raised eyebrows within the cryptocurrency community. The company press release on Monday disclosed that Peter Mintzberg, currently the global head of strategy at Goldman Sachs’ Wealth Management Division, will be taking over as the new CEO
The past 24 hours have been a wild ride for Bitcoin, with the price dropping below $67,000 multiple times before bouncing back. It seems that each correction is met with a positive reaction from the leading cryptocurrency, as it currently hovers around the $67,000 mark once again. Just a week ago, Bitcoin had dipped to
The upcoming week is filled with anticipation as investors eagerly await the release of the Federal Reserve meeting minutes and Nvidia’s big earnings report. These events have the potential to significantly influence market trends and investor sentiment. The stock market witnessed a milestone last week as the U.S. Dow Jones Industrial Average crossed the 40,000
A recent confidential United Nations report uncovered the alarming truth behind North Korea’s cybercriminal group, the Lazarus Group. This notorious group managed to transfer millions of dollars’ worth of stolen cryptocurrency back to the Asian country in a bold move to evade financial sanctions. The group’s most significant heist was in March 2023 when they
The recent arrest of Aiden Pleterski, also known as Ontario’s self-proclaimed ‘Crypto King,’ has sent shockwaves through the region’s financial sector. Pleterski, along with his associate Colin Murphy, stands accused of engaging in a fraudulent scheme that defrauded unsuspecting victims of a staggering $30 million. This case, which has been dubbed ‘Project Swan’ by Canadian
In a shocking turn of events, two siblings who were once students at the prestigious Massachusetts Institute of Technology (MIT) are now at the center of a cyber heist controversy. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are facing allegations of exploiting a vulnerability in the Ethereum blockchain, resulting in a staggering $25 million being
The recent trading week proved to be quite positive for Bitcoin, as it experienced a notable increase of over six thousand dollars. This surge led Bitcoin to reach its highest price in almost a month, surpassing the $67,000 mark. Following Bitcoin’s upward trajectory, many altcoins also witnessed substantial gains. Notable mentions include SOL, AVAX, BCH,
Polkadot, a leading blockchain protocol, has recently joined forces with Founder Institute to launch a Web3 cohort and introduce Asynchronous Backing to enhance scalability. Additionally, some of its parachains, including Acala Network and Moonbeam Network, have made significant advancements in security, governance, and community engagement initiatives. These developments reflect Polkadot’s continued growth and innovation in
