Crypto

Source: Bitcoinist Prometheum, a firm that has garnered attention for its first-of-its-kind license to operate in crypto-based securities, finds itself at a crossroads. The firm has positioned itself within the regulatory framework established by the US Securities and Exchange Commission (SEC) under its chair, which has taken a tough stance on crypto classifications.  However, with…

Source: Coin Tegraph A significant drop in Bitcoin reserves on exchanges is the evidence of rising self-custody adoption, Trezor chief commercial officer Danny Sanders said. Read Full Article

Source: Bitcoinist Memecoins have been the top narrative of this cycle, bringing in millions of dollars in revenue to platforms like Pump.fun and generating massive profits for crypto investors. However, many consider that the frenzy around these tokens has taken a concerning turn as the cycle progressed, with figures like Changpeng Zhao urging for projects…

Source: Coin Tegraph Bitcoin long-term holders need more than a 10% dip from all-time highs to sell BTC en masse, Glassnode reveals. Read Full Article

Source: Bitcoinist Bitcoin has experienced a 7% pullback from its all-time high at $99,800 after failing to break above the psychological $100,000 mark. This retracement, while causing some concern among investors, is seen as a necessary consolidation phase for the cryptocurrency to build strength before continuing its ascent.  Despite the short-term setback, many fear this…

Source: Coin Tegraph A federal judge has temporarily halted Arkansas laws targeting foreign crypto mining firms, citing potential constitutional violations. Read Full Article

Source: Bitcoinist The adoption of cryptocurrency in the UK has seen a steady rise, with an estimated seven million adults now owning crypto assets, according to a recent report by the Financial Conduct Authority (FCA). The figures indicate that approximately 12% of the UK adult population currently holds digital currencies, up from 10% in 2022,…

Source: Coin Tegraph The likelihood of Bitcoin surpassing $100,000 has risen to 45%, despite its recent pullback, according to recent onchain data. Read Full Article

Source: Coin Tegraph Kristoffer Krohn unsuccessfully argued in his appeal that the SEC had not established that the Green Boxes were securities offerings or investment contracts in its complaint. Read Full Article

Source: Bitcoinist On-chain data shows the adoption of Cardano is now happening at the fastest pace since June 2023, a sign that could be bullish for ADA’s price. Cardano Has Registered An Uptick In New Addresses Recently According to data from the market intelligence platform IntoTheBlock, the ADA network has been growing recently. The on-chain…