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Cryptocurrency

Taiwanese Authorities Crack Down on Online Influencers and Crypto Community for Promoting Illegal Election Betting on Polymarket

December 17, 2023 by Arnold Potts

Law enforcement in Taiwan is currently investigating individuals promoting a Polymarket contract related to Taiwan’s upcoming election, according to reports from local media outlet BlockTempo. The contract allows users to bet on the outcome of the January election, with over $300,000 already …

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Bitcoin’s Evolution: The Future of the World’s Most Powerful Brand

December 16, 2023 by Arnold Potts

Without transitional phrases or mentioning Bitcoin Magazine, here is a modified version of the article: This article delves into the current state of Bitcoin and the challenges that lie ahead. With the imminent halving, potential federal regulations, and increased institutional adoption, Bitcoin …

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Regulatory Autonomy: Should Regulators Determine the Rules They Enforce?

December 16, 2023 by Arnold Potts

Regulatory self-determination is a topic that sparks debate within the cryptocurrency industry. While federal watchdogs like the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) enforce the law based on legislation written by congressional lawmakers, there is a question …

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Bitcoin’s Winning Streak in Danger, but Experts Predict Strong 2024

December 16, 2023 by Arnold Potts

Bitcoin’s price has cooled at $41,800, marking a 4% decrease for the week and potentially snapping the first eight-week streak of gains since 2017. This stagnation in price comes as investors have moved a net $860 million of BTC to exchanges, indicating …

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Polygon Labs Deprecates Support for Polygon Edge, Encourages Adoption of ZK-Powered Technology for Blockchain Development

December 16, 2023 by Arnold Potts

Polygon Labs, the primary developer behind the Polygon blockchain ecosystem, has announced that it is deprecating support for Polygon Edge, a blockchain template that predates the project’s shift toward zero-knowledge cryptography as a core technology. This decision comes as Polygon Labs focuses …

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The Saga Phone Soars in Sales as Traders Pursue BONK Arbitrage

December 15, 2023December 15, 2023 by Arnold Potts

Sales of the Solana phone, which was previously struggling, have skyrocketed recently, and it seems that the memecoin BONK is the driving force behind this surge. Arbitrage traders are eagerly pursuing a 30 million BONK token airdrop that is being offered to …

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Financial Stability Oversight Council Urges Congress to Pass Crypto Legislation to Address Concerns

December 15, 2023December 15, 2023 by Arnold Potts

A new report released by the Financial Stability Oversight Council (FSOC), a financial stability watchdog composed of heads of major U.S. financial regulators, highlights the need for Congress to pass legislation to address concerns around cryptocurrencies. The report, which covers various issues …

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Bitcoin NFT Hysteria Hits Sotheby’s: Super Mario Mushroom Character Fetches Over $200K

December 15, 2023December 15, 2023 by Arnold Potts

Sotheby’s, the renowned auction house, made history with its first-ever sale of “inscriptions” created using the Bitcoin blockchain’s Ordinals protocol. The collection, known as “BitcoinShrooms,” garnered significant attention and drew about $450,000, surpassing the highest estimates by five times. This unexpected outcome …

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Bitcoin Stabilizes at $41,000 Ahead of U.S. Interest Rate Decision as Altcoins Surge

December 15, 2023December 14, 2023 by Arnold Potts

Bitcoin’s price has stabilized around $41,000 following a significant leverage flush and the largest daily drawdown since mid-August. As crypto traders digest these developments, they are closely watching the last U.S. interest rate decision of the year, which is scheduled for Wednesday. …

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Donald Trump Unveils New ‘Mugshot Edition’ NFT Collection, Stirring Up Prices for Previous NFTs

December 15, 2023December 14, 2023 by Arnold Potts

Donald Trump has made headlines once again, this time in the world of cryptocurrencies. The former U.S. president announced a brand-new collection of non-fungible tokens (NFTs) called the “Mugshot Edition.” This collection is a nod to Trump’s legal troubles and has stirred …

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