Bitcoin Maintains Strength Above $91,000Bitcoin prices remained steady above the $91,000 mark on Friday, reflecting a resilient performance as cryptomarkets responded positively to prospects of U.S. monetary policy easing. The world's largest cryptocurrency stabilized after a brief recovery, as investor sentiment improved based on changing expectations for interest rates.U.S. Interest Rate Outlook...
Read MoreARK Invest's Cathie Wood Reaffirms $1.5 Million Bitcoin ForecastCathie Wood, CEO of ARK Invest, has reiterated her bold projection for Bitcoin—setting a price target as high as $1.5 million per coin by 2030. Wood's statement comes as the cryptocurrency rebounds from recent declines and recaptures the focus of both institutional and retail investors worldwide.Bitcoin's Market Recovery Fuels Optimis...
Read MoreSwiss Financial Institutions Break New Ground with Blockchain Payments on Google CloudIn a landmark demonstration for financial technology, several prominent Swiss banks and financial institutions have successfully tested the transfer of tokenized digital assets and payments across borders using a regulated blockchain platform operated through Google Cloud. This initiative marks a critical step fo...
Read MoreGlobal Exchanges Challenge SEC on Broad Cryptocurrency ExemptionsLeading cryptocurrency exchanges have collectively urged the U.S. Securities and Exchange Commission (SEC) to reconsider proposed exemptions for digital asset securities, warning these broad measures could undermine both investor protection and market stability.Background: The SEC’s Digital Asset Exemption ProposalThe SEC recently un...
Read MorePrimeXBT Launches Massive Black Friday Discount for Bitcoin Traders PrimeXBT, a well-known multi-asset trading platform, has announced an exclusive Black Friday promotion aimed at significantly reducing trading costs for Bitcoin traders. The limited-time offer presents both new and existing users with an opportunity to benefit from some of the lowest trading fees in the digital asset sector during...
Read MoreTrump Campaign May Nominate Crypto-Friendly Federal Reserve ChairThe trajectory of U.S. monetary policy and cryptocurrency regulation could shift if Donald Trump secures a second presidential term in 2024. Kevin Hassett, former chair of the Council of Economic Advisers under Trump, has indicated that the campaign is actively considering candidates for Federal Reserve Chair who are supportive of di...
Read MoreMajor Bitcoin Options Expiry Looms Over Crypto MarketsOn June 28, 2024, the cryptocurrency derivatives exchange Deribit is scheduled to settle a record $13 billion in Bitcoin options. As the world’s largest options exchange for digital assets, the scale of this expiry has captured the attention of traders and analysts alike, with many debating its potential effects on Bitcoin prices and market vol...
Read MorePump.fun Founder Rebuts Multimillion-Dollar Cashout AccusationsThe decentralized finance sector faced fresh controversy as allegations surfaced that a Pump.fun founder had personally cashed out over $436 million in Solana, raising concerns within the crypto community. Pump.fun's co-founder has publicly denied these accusations, clarifying the movement of funds as routine treasury management rather...
Read MoreJapan Strengthens Crypto Exchange Regulations in Response to Security RisksJapan's Financial Services Agency (FSA) has taken decisive steps to reinforce the protection of digital asset holders by stipulating new requirements for cryptocurrency exchanges. These rules require platforms to set aside financial reserves to cover liabilities arising from cyberattack incidents, placing Japan at the foref...
Read MoreBinance Confronts New Lawsuit Over Alleged Terrorist TransactionsThe world’s largest cryptocurrency exchange, Binance, is facing renewed legal pressure after being named in a fresh lawsuit that alleges the company facilitated cryptocurrency transactions for the Palestinian militant group Hamas. The complaint underscores growing concerns over the role digital currencies might play in bypassing inte...
Read MoreIntroduction: Binance Under Legal Scrutiny AgainBinance, one of the world's largest cryptocurrency exchanges, is once more at the center of legal controversy following allegations that it facilitated crypto transactions connected to the Palestinian group Hamas. The new lawsuit deepens the regulatory spotlight on Binance’s compliance practices and its ability to monitor illicit finance amid escalat...
Read MoreGoogle Revises Cryptocurrency Ad PolicyIn a noteworthy development for the digital asset industry, Google has altered its stance on cryptocurrency-related advertisements. This policy revision, which comes after previous blanket bans, opens new avenues for Bitcoin and similar digital currencies to be promoted using Google's extensive advertising platform.The Path to Policy ChangeGoogle's relationsh...
Read MoreIntroduction: XRP Enters Sharp DowntrendThe price of XRP, the digital asset tied to Ripple, has plunged below significant support levels in recent trading sessions. This unexpected downturn has sparked concern among investors and analysts alike, raising questions about the future trajectory for one of the most widely followed cryptocurrencies. In this article, we examine the major drivers behind X...
Read MoreIntroduction: A New Benchmark in Crypto Swap SupportIn a significant development for digital asset trading, XGRAM has introduced an innovative personal manager support feature for all cryptocurrency swaps exceeding $10,000. This industry-first initiative aims to enhance customer experience and transparency in high-value crypto exchanges by delivering tailored assistance from experienced profession...
Read MoreEthereum Poised for Price Bottom as Network Losses DeepenEthereum, the leading smart contract platform, is experiencing intensified bearish pressures, which has led to increased speculation about a potential bottom formation for its native token, ETH. Fresh on-chain data now indicates that a significant number of Ethereum holders are grappling with unrealized losses, a classic sign that has histor...
Read MoreCrypto Dispensers Eyes $100 Million Sale Amid CEO's Legal ChallengesLeading U.S.-based Bitcoin ATM operator Crypto Dispensers is reportedly exploring a potential $100 million sale following the federal indictment of its founder and CEO. This development reflects growing uncertainty within the crypto ATM industry as regulatory scrutiny intensifies across the sector.Background: Federal Indictment of...
Read MoreCardano Faces Short-Lived Disruption After Malicious Transaction AttackThe Cardano blockchain recently experienced a temporary halt in block production following a deliberate attempt to disrupt its network. The incident, involving a so-called "poisoned" transaction, has raised fresh questions about the resilience of Cardano’s consensus mechanisms and the broader security challenges facing decentra...
Read MoreCoinbase Enhances Solana Functionality with Advanced Vector IntegrationCoinbase, a leading cryptocurrency platform, has announced the high-speed implementation of Vector, an innovative blockchain infrastructure technology, for the Solana network. This development is set to provide Solana users with a significant leap in performance, reliability, and scalability.Understanding Vector: Coinbase’s In-...
Read MoreBitcoin Drops Sharply Below Key ThresholdBitcoin (BTC) faced a notable setback on Friday, falling beneath the $86,000 level as market sentiment was rattled by ambiguous U.S. employment data and renewed uncertainty over future interest rate policy from the Federal Reserve. Pivotal macroeconomic indicators and dovish-to-neutral policy expectations converged to push the leading cryptocurrency down, w...
Read MoreGrowing Anticipation Surrounds Potential XRP ETFsThe possibility of an exchange-traded fund (ETF) for Ripple’s XRP token has stirred significant discussion within the cryptocurrency community. Speculation has intensified following the approval of spot Bitcoin ETFs and the market's anticipation of similar developments for other digital assets. This renewed focus on XRP has contributed to increased...
Read MoreZcash Outpaces Bitcoin as Markets DivergeThe digital asset market experienced a shift as Zcash (ZEC) outperformed Bitcoin (BTC), notably rising against the prevailing downtrend for most cryptocurrencies. As Bitcoin experienced downward pressure, Zcash logged repeated price increases, drawing attention from both private and institutional investors.Institutional Investment Spurs ZEC MomentumA key fa...
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