Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
A Pennsylvania Democratic lawmaker has introduced legislation to prevent elected officials from profiting from cryptocurrency during their time in office. Summary Pennsylvania Representative Ben Waxman proposed HB1812 to prohibit elected officials from profiting from cryptocurrency while in office. HB1812 mandates lawmakers to divest their current cryptocurrency investments. Democrat Ben Waxman from District 182, along with eight other Democratic co-sponsors, introduced House Bill 1812 on August 20 to prohibit “elected officials from profiting off cryptocurrency while in office.” Waxman created HB1812 in response to perceived corruption at the federal level, specifically criticizing President Donald Trump’s increasing involvement in cryptocurrency. According to…
The sentiment around cryptocurrency in the U.S. is rapidly evolving as regulators embrace blockchain innovation. Ripple’s CEO described the changing regulatory atmosphere as “dramatic” following significant discussions within the industry. Ripple CEO Indicates Major Shift in U.S. Crypto Sentiment Ripple CEO Brad Garlinghouse highlighted on social media platform X on Aug. 22 that the talks at this year’s Wyoming Blockchain Symposium, […]
Early Bitcoin adopters are unlikely to shed their skepticism about institutional adoption anytime soon, asserts Preston Pysh, co-founder of Bitcoin venture fund Ego Death Capital.“Part of that culture that brought it to where it is, is looking at where this is all going and saying no, no, no, no, this is all moving in a bad direction,” Pysh told Natalie Brunell on the Coin Stories podcast on Friday.He noted that institutions engaging in “institutional-like things,” such as Bitcoin (BTC) derivatives, have raised concerns among Bitcoiners about the long-term viability of Bitcoin as a safe-haven asset.Natalie Brunell (left) interviewed Preston Pysh…
Early adopters of Bitcoin are unlikely to shed their skepticism regarding institutional adoption anytime soon, according to Preston Pysh, co-founder of Bitcoin venture fund Ego Death Capital.“A portion of the culture that brought Bitcoin to its current standing is evaluating its future and expressing concerns, saying no, no, no, this is all going in a negative direction,” Pysh stated in a conversation with Natalie Brunell on the Coin Stories podcast this past Friday.Pysh pointed out that the involvement of institutions in “institutional-like activities,” such as Bitcoin (BTC) derivatives, is raising alarms among some Bitcoin enthusiasts about the long-term implications and…
Whales are acquiring Dogecoin, Solana, and Remittix in advance of Q4 positioning and ETF updates. Speculation around a Solana ETF approval heightens demand; SOL might reach $500 by Q3’s end. 1 million SOL ($187M) was transferred from Binance to an undisclosed wallet, indicating bullish sentiment. As Q3 progresses, investors are setting their sights on Q4. Whales are discreetly gathering tokens such as Dogecoin, Solana, and Remittix (RTX). Experts predict a post-ETF approval surge will propel Solana, rekindling interest in Dogecoin as a meme coin. Conversely, Remittix is poised for a potential 100x increase, buoyed by whale interest, payment capabilities,…
The overall market for US dollar-pegged stablecoins is anticipated to reach $1.2 trillion by 2028, driven by extensive cryptocurrency regulations in the United States, as reported by crypto exchange Coinbase.Coinbase stated that these projections imply a necessity for the US Treasury to issue $5.3 billion weekly over the next three years to meet the needs of stablecoin issuers, who rely on short-term US Treasury bills as collateral for their digital fiat tokens.Expected stablecoin market cap by 2028. Source: CoinbaseThis issuance plan would lead to a slight, temporary dip in three-month Treasury yields, approximately 4.5 basis points (BPS), contrary to analyst…
Update, Aug. 22, 12:54 pm UTC: This article has been revised to include CoinW exchange’s statement regarding the indictment.Taiwanese prosecutors have reportedly charged 14 individuals in what they claim is the largest cryptocurrency money laundering case in the country’s history, involving over 1,500 victims and exceeding $70 million in illicit funds.The Shilin District Prosecutor’s office indicted these 14 on counts related to fraud, money laundering, and organized crime, requesting the confiscation of 1.275 billion New Taiwan dollars ($39.8 million), allegedly acquired from victims through fraudulent means, according to a local media report from UDN.Moreover, prosecutors requested the confiscation of an…
On-chain analytics company Glassnode has highlighted that the Bitcoin price frequently establishes local bottoms when a certain group of holders exhibits capitulation. Current Mild Loss Realization Among Bitcoin STHs In a recent post on X, Glassnode discussed how short-term price movements are often influenced by the response of top buyers to post-ATH pullbacks. As the price declines, these holders quickly find themselves at a loss and may be inclined to react impulsively. Bitcoin is presently in such a situation, with a significant amount of supply having a cost basis situated between the current spot price and $120,000, as illustrated in…
Key TakeawaysDOJ clarifies that coding without malicious intent is not a violation of law.The policy modification benefits crypto developers.This change is consistent with the regulatory stance of the Trump administration.DOJ Clarifies: Coding Without Malicious Intent Is Not a CrimeThe U.S. Department of Justice has issued a clear statement affirming that writing software code without malicious intent does not break any laws.Acting Assistant Attorney General Matthew J. Galeotti made this announcement at the American Innovation Project event, highlighting that developers of decentralized solutions are safeguarded legally when their intentions are not to defraud or engage in illicit activities.Understanding the Legal Boundaries:…
Key takeaways:Bitcoin jumped 5% to $117,300 after Federal Reserve Chair Jerome Powell indicated a possible interest rate cut, resulting in the liquidation of $379.88 million in shorts.Experts suggest the BTC “uptrend is back,” with the chance of reaching $200,000 by year-end.Bitcoin (BTC) breached the ask liquidity above $117,000 on Friday after Federal Reserve Chair Jerome Powell suggested a potential interest rate cut in his Jackson Hole speech.BTC’s price increased over 4% to a daily peak of $117,300 on Bitstamp, recovering from a six-week low of $111,600.BTC/USD hourly chart. Source: Cointelegraph/TradingViewAs per CoinGlass data, $379.88 million in short positions were liquidated,…