Analysis
Crypto
IMF says Bitcoin has become necessary financial tool for preserving wealth amid financial instability
According to the IMF, residents of countries with restrictive financial regulations are turning to Bitcoin to move capital across borders more freely.
Crypto
Scaramucci says Bitcoin is ‘still very young,’ predicts $200k long-term price after halving
Scaramucci highlighted that Bitcoin is still early in its adoption curve, likening its current stage to the early days of the internet around 1999.
Crypto
JP Morgan CEO calls Bitcoin ‘Ponzi Scheme’ despite serving as Authorized Participant for BlackRock ETF
Jamie Dimon once again expressed doubts about Bitcoin's utility and legitimacy as a form of money during an interview.
Adoption
Top 4 accounting firm turns to Ethereum for blockchain-based business contracts
OCM is designed to facilitate the secure handling of business contracts on a public blockchain, ensuring privacy by utilizing zero-knowledge proofs to maintain contract integrity and confidentiality.
Crypto
Bitcoin barely holds on to $60k as bears retest March lows
The flagship crypto touched a low of $59,658 before modestly recovering to around $60,800 as of press time, based on CryptoSlate data.
Technology
Solana-based PoW project Ore halts mining, announces version 2
Mining was suspended to address critical flaws and prepare for a more efficient version of the Ore contract, referred to as Version 2 (v2).
Crypto
Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report
The report predicts that reserves could be entirely depleted within the next nine months if current withdrawal rates persist.
Politics
Senators demand detailed accounting of CFTC’s interactions with SBF
The formal request aims to shed light on potential regulatory failures following Bankman-Fried's recent 25-year prison sentence.
Regulation
Stablecoin regulation more likely this year following key discussions among lawmakers
House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation.
Crypto
Bitcoin’s crash to $64k causes meltdown for alts
The decline mirrored a broader selloff across asset classes amid heightened global economic uncertainties and geopolitical risks.
Technology
Solana deploys congestion fix on devnet
Solana developers have deployed a fix for the congestion issues plaguing the network on the devnet to test stability before a full rollout.
Tokenization
Worldcoin App hits 10 million users in less than 12 months
The first Worldcoin native wallet has hit 10 million users in a little under one year from its launch in May 2023.