The cryptocurrency market has witnessed no shortage of volatility in recent months, particularly with Bitcoin, the flagship asset of the crypto world. After exhibiting a distressing bearish trend for the entirety of last month, early indications of recovery have surfaced this week. While this uptick offers a breath of fresh air to investors, it is
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The crypto community is once again abuzz with speculation following the recent redemption of 177,693 Solana (SOL) tokens, worth approximately $23.75 million, from a wallet tied to the defunct FTX exchange and its sister company, Alameda Research. This transaction, highlighted by blockchain analytics firm PeckShield, signals a possible selloff and raises questions about the future
The Commodity Futures Trading Commission (CFTC) has recently taken a stand against the surge in crypto scams known as “pig butchering” by partnering with federal and private organizations. These scams have resulted in billions of dollars in losses due to a lack of awareness and understanding among consumers. The CFTC’s campaign focuses on arming consumers
In a recent YouTube video, Benjamin Cowen, the founder of ITC Crypto and a prominent crypto analyst, has made some striking predictions regarding the future price movements of Ethereum. Cowen has drawn a potential correlation between the price declines of Ethereum and the rising unemployment rates in the United States. Historically, Ethereum has seen price
The acquisition of a Physical Crypto Asset Trader (PFAK) license by Tokocrypto, a subsidiary of Binance, from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has marked a significant milestone for the exchange. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license, out of a total of 35 prospective crypto
Over the past two weeks, the cryptocurrency market has witnessed a significant correction in bitcoin’s price, with a drop of approximately 11%. This correction has been accompanied by wild fluctuations in value, leaving investors uncertain about the asset’s future performance. Despite a brief rebound to $58,000, bitcoin still has a long way to go before
The recent introduction of the Property (Digital Assets, etc.) Bill by the Law Commission of the United Kingdom (UK) Parliament marks a significant step towards recognizing digital assets as legal holdings. This proposed legislation aims to categorize crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law, a move that has never
The recent movements in the cryptocurrency market have sparked hope among investors, with Ethereum (ETH) making modest gains in the past 24 hours. After a significant drop in price last Friday, where ETH plummeted to $2,154, the digital asset is now approaching the $2,400 mark. This recovery has led to optimism among traders who are
The Federal Reserve’s rate cut in 2019 saw Cardano plummet by 57%, showcasing a vulnerability to traditional financial changes. As the market braces for another potential rate cut, the cryptocurrency could face a similar fate. Today, the public debt has surged to nearly $35 trillion, with interest rates standing at 5.33%, more than double the
Bitcoin (BTC) is finally seeing a resurgence in its price, indicating a possible start of a long-awaited bull run in the market. Recent price spikes have sent the cryptocurrency retesting the $57,000 level, showcasing renewed momentum that could lead to further gains for Bitcoin. Santiment, a market intelligence platform, recently announced a positive change in
