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Ethereum’s founder just called The Bitcoin Law “reckless” and opposed to freedom. But it’s the most practical way forward for the well-being of El Salvador. The Article 7 Controversy On June 9th, 2021, El Salvador made world history by passing a digital currency, Bitcoin, as legal tender alongside the US Dollar. President Nayib Bukele and Strike developer Jack Mallers announced the law at the twelve thousand-person Bitcoin conference. The crowd received the news with thunderous applause, and congress cast an…

A little over a month ago, aelf launched its mainnet token swap, one of its most essential upgrades in Q3 2021. aelf aims to build a blockchain infrastructure that connects with existing ecosystems such as Bitcoin and Ethereum.  According to the official website, the bridge is already running on aelf. But, what does the future hold for aelf? Let’s have a more in-depth look at the ecosystem’s roadmap! What is aelf? aelf is a digital assets technological company whose focus…

Jonathan Toebbe – a US Navy Nuclear Engineer – was caught leaking secrets about nuclear submarines to an undercover FBI agent. Interestingly, the engineer was selling these secrets in exchange for cryptocurrency. Selling Secrets for Crypto? Details of the recent charges were released by the Justice Department on Sunday. Furthermore, the authorities accuse Toebbe and his wife for violating the Atomic Energy Act. Simply put, this law covers the regulation and disposal of nuclear materials in the United States. After…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,320 trillion. Bitcoin is up by nearly 16% after a rejuvenating week. Ethereum gained more than 4% in value over the week. XRP has increased by roughly 12% over the past seven days. Shiba Inu follows in Doge’s steps with a spectacular 220% surge. Almost all altcoins have registered significant gains this week. The…

The Biden administration is considering appointing a White House cryptocurrency czar in a new executive order. The official would coordinate with several other regulatory agencies to investigate the emerging asset class. The agencies would help provide regulatory recommendations and further information about the space. White House Prioritizes Crypto Oversight As Bloomberg reported, the appointment would be part of a government-wide effort to organize crypto regulation. Accordingly, the plan is to give organizations that pay little attention to crypto a responsibility. According…

BlockFi– a leading cryptocurrency lending institution– has recently filed for a Bitcoin Futures ETF with the SEC. Their request comes amidst growing excitement that the US could approve a Bitcoin ETF by the end of October. Blockfi’s Bitcoin Strategy ETF BlockFi’s proposed ETF would be listed on the Cboe BZX exchange, according to the company’s filing today. It seeks to purchase cash-settled Bitcoin futures contracts on the CME to accumulate capital. It would also invest in short-term fixed-income securities, alongside…

Tether Holdings – the issuer of the most popular stablecoin, "Tether"– just responded to a Bloomberg article casting doubt on their operations. While Bloomberg claims that Tether's $69B reserves are nowhere to be found, Tether calls their accusations fake news. Tether's Response to Bloomberg Tether published their response to Bloomberg yesterday, on the same day Bloomberg's accusatory article was released. Tether calls the piece a "one-act play" that cherry-picks old news from "dubious sources" to fit a defamatory narrative. This…

Solidproof is one of the fastest emerging audit companies in the crypto sphere. The German company specializes in project auditing, KYC procedures, and high-security data storage. And, its recent industry partnerships show that its premium-quality services are in high demand.  Furthermore, one of Solidproof’s innovative products, the Automated Audit Tool, is receiving increasing attention. The company has just integrated the placeholder for the auto tool. So, now, users can increase the certainty of their smart contracts with automatic project auditing.…

Steve Mnuchin– former Treasury Secretary of the United States– recently discussed stablecoins and FinTech investment opportunities. While he sees potential in blockchain technology and stablecoins, he also says they shouldn’t operate like “casino chips." Stablecoins and Casino Chips Mnuchin aired his thoughts earlier today in an interview with Bloomberg Invest Global. He begins stating that there’s “gigantic opportunity” in “real-time, cross border currencies,” and calls both blockchains and stablecoins “interesting”. [caption id="" align="aligncenter" width="755"] Steve Mnuchin. Source: NBC[/caption] However, he…