Author: Vickie Helm

BIT Mining has reached a settlement with United States authorities, agreeing to pay $10 million in fines over bribery claims involving officials from the Japanese government aimed at acquiring resort licenses. This Bitcoin mining company acknowledged breaking the Foreign Corrupt Practices Act (FCPA) due to its involvement in bribing officials and falsifying documentation. Under the terms of this agreement, BIT Mining has entered into a three-year Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice and the Securities and Exchange Commission (SEC). Former CEO Masaaki Ban is also facing various charges, including conspiracy and infractions of the FCPA’s anti-bribery…

Opeyemi is a talented writer and passionate aficionado in the vibrant and ever-evolving realm of cryptocurrencies. Although he didn’t initially set out to explore the digital asset landscape, after more than two years, he finds himself deeply immersed in it. Today, Opeyemi takes pride in crafting original pieces that simplify complex concepts of blockchain technology while also providing insights into the latest developments in the cryptocurrency sector. Opeyemi’s fascination with the crypto ecosystem is evident, as he often spends his days analyzing various price charts. While the term “seeing” might seem like a straightforward way of discussing his analysis, it…

The leading cryptocurrency on the market is currently trading over 40% above its average price leading up to the U.S. elections scheduled for November 5. Analysts attribute this surge mostly to commitments made by the Trump campaign and its supporters to create a friendly environment for the evolving internet industry. Additionally, this price trend aligns with Bitcoin’s historical four-year supply cycle. Cathie Wood from Ark Invest recently revised her price prediction for Bitcoin in 2030, doubling it. In a conversation with CNBC viewers last week, she suggested that if trends continue as they have in the past, Bitcoin could reach…

Disclosure: The opinions expressed in this article are those of the authors and do not necessarily reflect the views of crypto.news editorial staff. Darwin’s theory of evolution indicates that the organisms most suited to their surroundings are the ones that thrive. Similar to the natural world, cryptocurrencies also compete for essential resources necessary for their survival in a highly volatile and decentralized ecosystem. Only those with strong and properly structured frameworks are likely to endure. Therefore, developers should prioritize creating a robust infrastructure for cryptocurrencies to increase their chances of thriving in future market cycles. Defining a “Sound” Cryptocurrency Unlike…

Following recent developments, it seems only a matter of time before Bitcoin achieves its long-awaited six-figure valuation. In recent weeks, discussions surrounding the leading cryptocurrency have been dominated by the possibility of it reaching $100,000. A six-digit Bitcoin price would not only mark a significant achievement for the crypto market, but it would also trigger “negative” outcomes, especially for short sellers. Below, we explore potential scenarios that could unfold when Bitcoin’s price surpasses the $100,000 threshold. What can we expect once Bitcoin hits $100,000? According to a recent analysis from blockchain intelligence firm Glassnode, the surge towards the $100,000 mark…

This article serves an educational purpose and is not intended to provide investment advice. Amidst Ethereum’s struggle to keep pace with Bitcoin, experts forecast a surge for RCO Finance (RCOF), predicting that it could soar to $14,000. Ethereum (ETH) has been experiencing a rollercoaster of sentiments among its investors, particularly in light of recent fluctuations in its price. Although Ethereum’s current value continues to lag behind that of Bitcoin (BTC), analysts are optimistic about a potential rise to $14,000 for ETH, and they anticipate similar gains for RCO Finance (RCOF). RCO Finance, an emerging altcoin, is drawing interest from Ethereum…

A Shanghai court has declared that owning virtual currencies privately is permissible under Chinese law. Despite regulatory changes, China has retained its significant influence in the crypto space, controlling over 50% of the global Bitcoin hash rate. In a significant ruling, a court in Shanghai has established that private ownership of digital currencies is lawful in China. This decision provides crucial legal protection for cryptocurrency holders in mainland China and suggests a shift in the nation’s perspective on digital assets. Notably, this announcement came shortly before Bitcoin (BTC) prices surged, nearing the $100,000 mark, which has led to increased speculation…

Jason Lowery’s “Softwarewar” paper has been met with harsh criticism. Many argue that it presents a fragmented perspective on cybersecurity and merely rehashes outdated topics that were previously investigated years before Lowery rose to prominence in the technology sector. To start, the concept of nation-states engaging in mining as a measure of “defensive weapons” is not novel. This notion has been floated since 2011-2013 and is not a fresh idea from Lowery. Bitcoin enthusiasts who have engaged deeply with the technology have long considered the implications of mining in relation to the cryptocurrency’s success and the roles of various states.…

Key Highlights The price of XRP skyrocketed by 25% following speculation that the SEC may reduce its enforcement activities after Chairman Gary Gensler’s exit. Pantera Capital predicts that Gensler’s departure could lead to a decrease in SEC lawsuits and potentially some staff changes. Share this article Ripple’s XRP token surged 25% to surpass $1.4 on Friday, maintaining its upward momentum after SEC Chairman Gary Gensler announced that his term would officially end on January 20. His exit might encourage the agency to rethink its current litigation strategies, particularly concerning the appeal in SEC v. Ripple.Source: CoinGeckoJoe Rubin, CEO of ConsenSys,…

On November 21, 2024, the Sui Network demonstrated its potential for rapid smart contract execution, akin to Layer 1 platforms, when it faced a significant two-hour network outage. This incident raises questions about its reliability, prompting comparisons to Solana’s previous network issues. The unexpected halt in block production for over an hour has led to increasing concerns regarding Sui’s dependability and its path forward. Identifying the Reasons for Sui Network Disruptions The disturbance within the Sui blockchain stemmed from a flaw in the transaction scheduling mechanisms. This bug resulted in a validator crash, stopping block production temporarily. Security analysis firm…