President Joe Biden’s strict stance on cryptocurrency has raised concerns about the potential impact on his re-election bid. Uniswap founder Hayden Adams and Shark Tank billionaire Mark Cuban have both criticized Biden’s anti-crypto position, warning that it could reduce his chances of winning in the November polls. Adams emphasized the seriousness of the situation, urging
2024
The recent performance of VeChain (VET) in the cryptocurrency market has left much to be desired. Like many other altcoins, VET has faced challenges and failed to meet the expectations that were set at the beginning of the year. This decline in value has raised concerns among investors and analysts who were hopeful for a
In a recent announcement, crypto lender BlockFi revealed its plans to shut down its web platform and collaborate with Coinbase to distribute funds to its clients. This decision comes after BlockFi filed for bankruptcy in November 2022 following FTX’s collapse. The CEO of BlockFi, Zac Prince, attributed the company’s bankruptcy to the actions of FTX’s
It has come to light that only a small fraction of French cryptocurrency holders have declared their coins to the state, with just 150,000 residents correctly declaring their cryptoassets at the end of the past financial year. This revelation has prompted the Ministry of Public Action and Accounts, along with the nation’s tax bodies, to
In the first quarter of 2024, Polkadot’s blockchain protocol saw significant progress in terms of market capitalization and revenue. The market capitalization experienced a notable 16% quarter-on-quarter increase, reaching $12.7 billion. This momentum built upon the previous quarter, where Polkadot saw a 111% increase in market capitalization, reaching $8.4 billion. Despite these gains, the current
In the first quarter of 2024, Bitcoin mining firm Riot Platforms made headlines with a remarkable net income of $211.8 million, representing a staggering 1,000% increase from the previous year. This growth was fueled by a significant surge in Bitcoin prices, driving mining revenue up by 55.4% to $74.6 million. Despite this outstanding performance, Riot
Recently, the decentralized finance (DeFi) lending protocol Pike Finance fell victim to a smart contract vulnerability that resulted in the loss of $1.6 million over three days. The exploit took place on April 30 and impacted the Ethereum, Arbitrum, and Optimism chains. The attacker took advantage of a vulnerability in Pike Finance’s smart contract, allowing
Bitcoin (BTC) prices have taken a sharp nosedive, dropping to $56,556 on a Wednesday morning in Europe, marking the lowest point since late February. This significant downturn, with BTC tumbling approximately 7.5% in the last 24 hours, has breached the previously stable $60,000 support. Anticipation is high in financial circles as the Federal Open Market
As April comes to a close, the cryptocurrency industry faced a significant downturn in combined losses from hacks and scams. According to security firm CertiK, the month witnessed the lowest recorded figure, with approximately $25.7 million lost to exploits, hacks, and scams. This marked a 141% decrease from the previous month and is the lowest
The recent Bitcoin halving has presented a challenging dilemma for Bitcoin miners. According to CryptoQuant CEO Ki Young Ju, miners are currently facing a critical decision point – whether to capitulate to the current market conditions or wait for a potential increase in Bitcoin price. Ju expressed his concerns about miners holding onto their crypto