BlockFi Founder Zac Prince Addresses Insolvency and Future Plans.
Zac Prince updated about the bankruptcy process’s effectiveness. The founder of BlockFi recalls taking part in the Sam Bankman-Fried (SBF) trial. Ex-CEO and founder of BlockFi Zac Prince has spoken…
Crypto Investment Fraud Spiked 53% in 2023: FBI
The FBI’s Internet Crime Complaint Center (IC3) received over 880,400 complaints in 2023, with potential losses surpassing $12.5 billion. The Federal Bureau of Investigation (FBI) has revealed that losses incurred…
BRICS Is Developing a Blockchain Payment System
Ushakov highlighted that the system is convenient, free of political influence, and economically efficient.Russia, a member of the BRICS alliance, announced the development of a new blockchain-based payment system to…
JPMorgan Says ‘Not realistic’ to Expect Bitcoin to Compete With Gold
JPMorgan says the argument that bitcoin’s market cap would rise to $3.3 trillion if it matched gold in portfolios, implying more than doubling in price, overlooks risk. “It would be…
Bitcoin Miners Energy Consumption Skyrockets Ahead of Halving.
Bitcoin prices have remained high and skyrocketed due to the supply shock.A Coin Metrics assessment states that miners used 19.6 gigawatts of electricity last month.In the run-up to the pivotal…
DeFi Total Value Locked (TVL) Surpasses $100B Amid Bitcoin Surge.
These numbers are lower below the record set in November 2021 of $189 billion.EigenLayer is in second place with $11.5 billion in TVL, behind Lido’s $38.7 billion.On March 9, the…
Spot Bitcoin ETFs Surpass $100 Billion in Cumulative Trading Volume.
Bitcoin is being devoured by spot bitcoin ETFs at a rate that exceeds its mining capacity.Last week was a record-breaker, with total spot bitcoin ETF trading volumes reaching $22.3B.The newly…
No ‘Flippening’ Expected, but Ethereum Poised to Outperform Bitcoin: VanEck Executive.
While a complete “flippening” is unlikely, VanEck’s Matthew Sigel expressed confidence in Ethereum’s ability to outperform Bitcoin in 2024.The introduction of spot Bitcoin ETFs has attracted a fresh influx of…
Is the Bitcoin Rally Cooling Down in the Short Term? Altcoin Seasons Starts Brewing (Analysis)
Bitcoin prices tapped a new all-time high for the second time this week but were sharply rejected as analysts suggest exhaustion among traders. On March 8, on-chain analytics provider Santiment…
Coinbase Says AI Tokens Value ‘Overstated,’ Surge Fueled.
According to the report, AI tokens’ value has inflated due to industry hype, lacking sustainable demand drivers in the short to medium term.A recent Coinbase report notes that the perceived…