To celebrate its first anniversary, Flipster—a rapidly growing cryptocurrency derivatives trading platform—announced two 75,000 USDT competitions and four 75,000 USDT mini-awards. In its first year of operation, Flipster saw its trading volume grow by 1,943 per cent, while its net assets grew by 3,998 per cent. Featuring a daily trading volume exceeding US$480 million and […]
The chair of the US Commodity Futures Trading Commission (CFTC), Rostin Behnam, has lobbied to have the CFTC regulate the two biggest cryptocurrencies, Bitcoin and Ethereum, as commodities. In a speech before the US Senate Committee on July 9, he cited a recent ruling in the US state of Illinois, from an appellate case on
The right-wing Heritage Foundation think tank launched Project 2025, an ambitious reform agenda aimed at sweeping administrative changes for every department of government – including abolishing the Federal Reserve in favour of a commodity-backed currency regime potentially involving cryptocurrencies such as bitcoin. Trump – positioning himself to win back the Presidency in 2024 – insists
Stock markets continue to hit record highs with the S&P 500 and Nasdaq heading upwards in late June buoyed by the news that the Federal Reserve Chair Jerome Powell might cut rates in September. Despite Powell going to town on debt late last year and continuing to issue warnings about its corrosive effect on the
The economist – outspoken critic of Bitcoin – posted on his social media site X: ‘ETF investors are buying the great Bitcoin scam. The stupid money buys the dips in the ETFs, while the smart money sells the Bitcoin directly in the spot market.’ Pettersson has observed similar patterns. ‘We recently saw a strong sell-off
Goldman Sachs is getting ready to expand its crypto offerings as client demand picks up and the broader financial industry moves toward crypto. The Goldman Sachs executive leading the bank’s digital asset business told Bloomberg he wanted to increase the bank’s digital assets proposition and tokenise more real-world assets, including money market funds and real
The first half of 2024 has been a gold rush for cryptocurrency thefts: hackers took $1.38 billion in crypto, more than double the amount stolen in the corresponding period during 2022, according to the reseachers at TRM Labs. The largest heist of the year was the $300 million in bitcoin stolen from the Japanese crypto
Bitcoin also mounted a small bounce-back after taking a massive hit on its price, which rose 3.2 per cent for the day to $57,280.7 after the four-month low foisted by Mt Gox token-distribution fears. Other top tokens popped as well: Ether rose 5.4 per cent to $3,070.71 as traders awaited an announcement about the expected
In a hint of how damaging synthetic media is likely to become, the US Justice Department recently announced the shut-down of one vast Russian-state propaganda operation on the social media network X (formerly Twitter) where nearly 1,000 fake accounts, complete with auto-generated realistic images and texts, simulated Americans and pushed falsified, Kremlin-funded and -approved ‘pro-Russian
In drafting a 2024 party platform, the Republican National Committee is officially backing Bitcoin and promising to halt what they characterise as an ‘unconstitutional jihad’ from Democrats against the cryptocurrency ‘industry’. The draft, which will be voted on in full on Tuesday, says that the GOP will ‘oppose a Central Bank Digital Currency that is
