Author name: Peter

Bitcoin's current price is situated within a 24-hour range of $43,412 to $44,243, reflecting short-term volatility. The leading cryptocurrency has seen a 1.1% decrease over the past day, though it maintains a 2% increase over the week and an impressive 19.6% rise over the last 30 days. Presently, technical indicators provide insights into Bitcoin's market […]

Introduction In April 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). However, by January 2023, this amount had declined to $38.30 billion. Despite this initial setback, both TVL and the market valuation of the leading defi tokens have shown significant growth over the past year. Growth in TVL As 2023

SEC Chairman Gary Gensler Highlights Crypto Non-Compliance The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings regarding cryptocurrency investments. He emphasized the prevalence of non-compliance in the crypto space, which undermines confidence and leaves many investors with no choice but to file for bankruptcy. Gensler's concerns arise as the market anticipates

Arthur Hayes Predicts Banks Will Replace Tether and Other Stablecoin Companies Arthur Hayes, the former CEO of Bitmex and current CIO of Malestrom, a crypto-focused early-stage investment fund, has raised concerns about the future of Tether and other stablecoin companies. According to Hayes, big banks like JPMorgan will eventually cannibalize Tether's business model and dominate

Anticipation Builds for First-Ever U.S. Spot Bitcoin ETFs The U.S. Securities and Exchange Commission (SEC) is set to decide on the approval of spot bitcoin exchange-traded funds (ETFs) as early as Tuesday or Wednesday, according to a recent report. This news has generated significant buzz among market participants, as prominent asset management firms have updated