[ad_1] The U.S. Securities and Exchange Commission (SEC) is dropping its investigation into the firm behind the popular Bitcoin (BTC) layer-2 chain Stacks (STX). According to a new Form 1-U filing from the SEC, the securities regulator has investigated STX-developer Hiro and decided not to pursue any further actions against the crypto firm. “Termination of SEC Investigation On July 9, 2024, Hiro Systems PBC (‘Hiro’) was informed by the staff of the Securities and Exchange Commission (the ‘SEC’) that the staff concluded its investigation as to the Stacks Blockchain and that based on the information known to the staff as…
Author: dfrancis36
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…
[ad_1] XRP emerged as the sole crypto major in the green, gaining 5% in the past 24 hours while the broader crypto market, including Bitcoin (BTC), faced declines. This surprising resilience of XRP comes in the wake of recent market events and announcements that have affected major cryptocurrencies. Bitcoin’s Struggle Post-CPI Readings Bitcoin (BTC) slumped 2.3% in the past 24 hours, erasing Thursday’s brief gains that followed the latest U.S. Consumer Price Index readings. The core CPI for June rose 3.3%, lower than the expected 3.5%, which initially appeared bullish for risk assets such as cryptocurrencies. However, this turned out…
[ad_1] Bitcoin, Solana, Ethereum, and even Cardano are slowing down following sharp price contractions in the past few days. The price drop means enthusiasm is punctured, negatively impacting on-chain activity. Runes Taking Over Bitcoin However, as the crypto market recovers from the sting of last week, it is emerging that the Runes Protocol is taking over the Bitcoin network. Its creator claims that Runes, which releases a new token minting standard on the Bitcoin network, is responsible for 69.1% of all transactions in the past 24 hours. This means that only about 40% of all other transactions were from users…
[ad_1] The Crypto Fear & Greed Index measures how investors feel toward the market at any given time, ranking their willingness to put money into the market. Over the last year, this index has stayed reasonably high, completely avoiding Extreme Fear territory. However, this impressive streak came to an end after the Crypto Fear & Greed Index fell into Extreme Fear in the early hours of Friday. Crypto Fear & Greed Index Sees Lowest Level Since November 2022 As of Friday morning, the Crypto Fear & Greed Index has officially returned to the Extreme Fear level. The index shows a…
[ad_1] As more and more investors choose to keep their Ethereum assets frozen rather than actively selling them, the Ethereum ecosystem suddenly finds itself severely short of supplies. The second-largest cryptocurrency in the world could face serious challenges going forward depending on the planned behavior of market players. Related Reading Ethereum Supply Tightens Up The first sign of this supply gap came earlier this month when an unknown market player moved a staggering 6,400 Ethereum to the Beacon Chain depositor wallet. The Beacon Chain, which checks recently added blocks to the network, is the basis of Ethereum 2.0 This big…
[ad_1] An underlying theme of this cycle has been to challenge preconceived notions about how people use Bitcoin around the world. New behaviors are emerging and other cultures are using the asset in a way that is breaking previously established molds. A major trend emerging out of this chaotic environment is the resurgence of seedless security models, which take a radically different approach to securing Bitcoin private keys. Proponents argue that established security practices are failing to meet the expectations of an increasing number of users. Along with the maturation of custodial alternatives, the emergence of ETF products is creating…
[ad_1] In March, Bitcoin hit an all-time high above $73,000, sparking debates amongst market watchers and analysts about whether the cryptocurrency has hit its top this cycle. However, a crypto analyst has provided an in-depth analysis of Bitcoin’s recent price movements and future outlook, suggesting that the pioneer cryptocurrency still has substantial upside momentum ahead. Analyst Says Bitcoin Has Reached Second Early Cycle Top On July 11, a crypto analyst identified as ‘CryptoCon,’ took to X (formerly Twitter) to share insights into Bitcoin’s price movements based on the Relative Strength Index (RSI) Bollinger Band % phases. The analyst disclosed that…
[ad_1] A bipartisan group of US senators has proposed the Content Origin Protection and Integrity from Edited and Deepfake Media Act (COPIED), in a historic action to counteract the growing use of artificial intelligence (AI) deepfakes. Under direction by Senators Maria Cantwell (D-WA), Marsha Blackburn (R-TN), and Martin Heinrich (D-NM), this proposed law seeks to create consistent approaches for watermarking AI-generated material, therefore providing a strong defense of digital authenticity. Deepfake: A Digital Age Push For Transparency By requiring that artificial intelligence service providers—including behemoths like OpenAI—embed machine-readable origin information into the material they produce, the COPIED Act is set…
[ad_1] Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he…