Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

The United States Federal Reserve has issued a cease-and-desist letter to Bitcoin Magazine, accusing the publication of trademark violations. The dispute revolves around Bitcoin Magazine’s use of the word “FedNow” on merchandise such as t-shirts and hats. FedNow is the trademarked name of the Federal Reserve’s instant payment system. Bitcoin Magazine claims that the use … Read more

What happened in crypto this weekend?

What happened in crypto this weekend?

Pro-XRP lawyer Jeremy Hogan has given the United States Securities and Exchange Commission (SEC) a slim 2.3% chance of winning its case against Ripple after it announced it will dismiss a lawsuit against two Ripple executives. Hogan believes that “for all intents and purposes”, the Ripple v. SEC case is over, as the SEC has … Read more

How a Crypto Fraud Gave Florida Its First Forward Party Candidate

How a Crypto Fraud Gave Florida Its First Forward Party Candidate

In addition to his tax collector role, Joel Greenberg created a secretive company named “Government Blockchain Systems LLC” with the tax collector’s office being its only client. He hired Keith Ingersoll, a convicted real-estate scammer, to help acquire property for the office. Ingersoll was associated with a fraudulent project called Organic Fresh Coin, a $15 … Read more

Fidelity’s Bullish Bitcoin Report | There is No Second Best

A recent report from Fidelity Digital Assets highlights the advantages of Bitcoin over traditional assets like gold. While gold has long been seen as a store of value, Bitcoin offers technological advantages that are difficult to overlook. Its cryptographic security, decentralized nature, and transactional integrity set it apart. Additionally, Bitcoin’s resistance to “innovative destruction” gives … Read more

Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up

Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up

Bitcoin experienced a sudden drop to $27,000 following the release of US employment data, which showed stronger-than-expected job growth. This was seen as negative for risk assets, including cryptocurrencies. However, Bitcoin quickly rebounded and the focus shifted back to the $27,700 level. The data raised the likelihood of a potential interest rate hike by the … Read more

BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

The crypto market, including bitcoin, has experienced a significant surge, driven by factors such as the endorsement of ether futures ETFs by the SEC and various government rulings. Bitcoin has surged by 15% over the past two weeks. Nonetheless, QCP Capital has expressed apprehensions about the longevity of this rally due to fluctuations in demand … Read more

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

Approximately $8.2 million worth of ETH has been moved from a wallet address associated with the FTX hacker, marking the first time assets have been transferred out of the wallet since the hack a year ago. The FTX exchange suffered a loss of over $600 million through the hack in November 2022. The hacker transferred … Read more

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

The US economy is experiencing turbulent times, with inflation rates rising and the Federal Reserve’s efforts to curb inflation falling short. This has led to a loss of value in US Treasurys, raising concerns about the impact on risk-on assets such as Bitcoin and the stock market. The influx of government debt into the market … Read more