Bitcoin (BTC) continues to consolidate after its recent price action, but technical patterns such as a bull flag formation and signs of healthy profit-taking are reinforcing bullish expectations. According to crypto analysts and on-chain data, the current pause in BTC momentum may be temporary, setting the stage for an eventual breakout to new all-time highs. What Is a Bull Flag – And Why It Matters Now A bull flag is a widely recognized bullish continuation pattern in technical analysis. It occurs when a strong upward price movement (the flagpole) is followed by a brief period of consolidation in a downward…
Author: Blockto Team
A Major Step Toward a Multi-Chain Future In a strategic move signaling its intent to dominate beyond Ethereum, Alchemy, the leading Web3 infrastructure provider, has acquired DexterLab, a Solana-focused blockchain development platform. This acquisition positions Alchemy to support developers on Solana, one of the fastest-growing blockchains in the crypto ecosystem. The financial terms of the deal were not disclosed, but the implications are significant. With this expansion, Alchemy is solidifying its role as a multi-chain infrastructure powerhouse, empowering developers to build scalable decentralized applications (dApps) on more than just Ethereum. Why Alchemy Chose Solana Solana is gaining popularity due to…
An Alabama man has been sentenced to 14 months in federal prison after hacking into the official X (formerly Twitter) account of the U.S. Securities and Exchange Commission (SEC) and publishing a false announcement about the approval of Bitcoin exchange-traded funds (ETFs). The misleading post briefly shook financial markets and raised serious concerns about cybersecurity in government agencies. How the Hack Happened According to court documents, Joseph James O’Connor, 27, managed to gain unauthorized access to the SEC’s verified social media account in January 2024. Once inside, he posted a message falsely claiming that the SEC had approved Bitcoin ETFs…
Coinbase Stock Surges Despite Security Concerns Wall Street has shown strong confidence in Coinbase despite recent security concerns. The cryptocurrency exchange’s stock rebounded sharply, gaining over 24% in value after it was announced that Coinbase would be included in the S&P 500 index. The sharp rise came just days after news broke of a data breach where cybercriminals accessed sensitive customer data by bribing overseas support staff. Although the breach affected nearly 97,000 users, no customer funds were reported stolen. Coinbase confirmed the incident and stated it is working closely with law enforcement to investigate. The company also pledged to…
Christy Goldsmith Romero, a well-known figure in U.S. financial regulation, has announced that she will resign from her position as Commissioner of the Commodity Futures Trading Commission (CFTC) effective May 31, 2025. Her departure adds to a series of recent exits at the agency, raising concerns about leadership stability at a time when financial markets are rapidly evolving. Background of Christy Goldsmith Romero Romero has had a long and impactful career in public service. Before joining the CFTC, she served as the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), where she oversaw investigations into bank bailouts following…
Cody Carbone, the Chief Policy Officer of the Digital Chamber of Commerce, has expressed strong confidence that the U.S. Senate will pass the long-awaited stablecoin bill in the coming weeks. The legislation, formally known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), aims to bring clarity and regulation to the growing stablecoin market. What Is the GENIUS Act? The GENIUS Act is designed to establish a national framework for the issuance and regulation of stablecoins—digital assets pegged to the U.S. dollar or other traditional currencies. The bill lays out clear roles for federal and state regulators,…
Innovative Energy Solutions Company Enters Crypto Space KULR Technology Group, known for its cutting-edge thermal management solutions, has reported a significant revenue increase in the first quarter of 2025. This growth comes as the company makes its debut in the bitcoin mining sector, strengthens its blockchain initiatives, and expands its bitcoin (BTC) treasury. Strong First Quarter Performance According to the company’s Q1 earnings report, KULR experienced a notable rise in revenue compared to the same period last year. The increase is largely attributed to the company’s entry into cryptocurrency mining and blockchain technology—a strategic move aimed at diversifying revenue streams…
Bitcoin (BTC) is once again making headlines as it hovers near its all-time high, sparking renewed optimism from traders and analysts. As of mid-May 2025, BTC is trading just below its peak levels, with many forecasting a potential bullish breakout in the coming days or weeks. Crypto market analysts point to strong institutional inflows, reduced supply from the recent halving, and increasing retail interest as key factors driving momentum. According to some predictions, if Bitcoin breaks above its resistance zone, it could rally well past $100,000, entering uncharted price territory. The positive sentiment is also supported by broader macroeconomic conditions,…
In recent months, there has been a worrying increase in violent robberies targeting cryptocurrency investors. As digital assets grow in popularity and value, criminals are increasingly using physical force and intimidation to steal crypto holdings from individuals. Unlike typical cyber thefts, these robberies involve real-world violence, making them especially dangerous for crypto owners. Crypto investors are often targeted because their assets are hard to trace, easily transferable, and can be worth millions. Criminals see them as lucrative targets, especially those who openly display their wealth or make large transactions in public. Law enforcement agencies worldwide have reported a surge in…
In a major crackdown on crypto-related fraud, U.S. federal prosecutors have charged 12 individuals involved in a $263 million scheme that allegedly defrauded investors by promoting fake crypto investment platforms. Among the victims was an early investor in Genesis, a prominent crypto firm, which added weight to the case. The Department of Justice (DOJ) announced that the suspects used manipulative tactics, fake websites, and false promises of high returns to lure victims—many of whom were international investors. Authorities say the scam operated over several years, masking itself as a legitimate investment opportunity. Fake Crypto Platforms and a Sophisticated Network According…