As a researcher with experience in blockchain technology and cybersecurity, I find the recent incident involving the Genius (GNUS) artificial intelligence network deeply concerning. The exploit that occurred on May 5, resulting in the loss of approximately $1.27 million, is a stark reminder of the risks associated with decentralized finance (DeFi) projects and blockchain networks. … Read more
As a researcher with a background in political finance, I find this development extremely intriguing. The fact that a political action committee (PAC) focused on crypto-backed candidates has reportedly surpassed $100 million in fundraising for the 2024 United States elections is a significant indication of the growing influence of the cryptocurrency sector in American politics. … Read more
Exchanges see less BTC and ETH. Holders continued to increase despite the decline on exchanges. As an analyst with a background in cryptocurrency and market trends, I find the recent data on Bitcoin (BTC) and Ethereum (ETH) balances on exchanges intriguing. The decline in their availability for trading suggests increasing scarcity, which could be attributed … Read more
As an analyst with a background in technology and economics, I see this development between Marathon Digital and the Kenyan government as a significant step forward for crypto adoption in Africa. Marathon’s expertise and experience in the crypto mining industry could help Kenya navigate the complex regulatory landscape and harness the vast potential of crypto … Read more
As an experienced analyst, I believe that Bitcoin’s (BTC) recent price recovery above $65,000 is a promising sign for the cryptocurrency market. The 3.45% surge from its lows of $63,340 on May 6 indicates a strong buyer interest in the market. During the early trading hours in Asia on May 6, Bitcoin’s (BTC) value reached … Read more
As a researcher with experience in the cryptocurrency and financial markets, I find the underperformance of Hong Kong spot Bitcoin and Ethereum exchange-traded funds (ETFs) during their first week of launch to be a less significant development than the U.S. counterparts’ launches. The reason is that the Hong Kong equities sector is much smaller in … Read more