On December 5, Bitcoin (BTC) achieved a groundbreaking price, soaring to an unprecedented $103,630 during initial trading in Asia. This remarkable surge, fueling a 7% increase within just 12 hours, marked a significant breakout from previous price consolidations and elevated Bitcoin’s market cap to a stellar $2 trillion. Such a monumental rise reaffirms Bitcoin’s status
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In a recent announcement via Trust Social, President-elect Donald Trump confirmed the nomination of Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). This choice positions Atkins, a seasoned expert in financial regulation, to lead the SEC at a crucial time, particularly in regard to the evolving landscape of digital
Woori Technology, a noted South Korean venture capital entity, is contemplating divesting its interest in Dunamu, the parent organization of Upbit, which stands as South Korea’s leading cryptocurrency trading platform. In 2015, Woori made a significant investment of 5.5 billion KRW in Dunamu, obtaining an undisclosed percentage of shares. Nearly a decade later, their stake
On December 3, 2023, a significant event unfolded in the cryptocurrency market when the U.S. government executed transfers totaling $33.6 million in various cryptocurrencies. This substantial movement of assets stemmed from the seizure of funds tied to the infamous collapse of FTX and its associated entity, Alameda Research. The transactions involved popular tokens such as
This week, Bitcoin mining pool operator Foundry Digital announced a substantial reduction in its workforce, laying off 74 employees—equivalent to 27% of its total staff. This significant cut comes amidst a broader restructuring initiative by its parent company, the Digital Currency Group (DCG). The decision underscores a deliberate pivot towards strengthening the company’s core operations.
While Bitcoin continues to grapple with its struggle to surpass the crucial $100,000 milestone, altcoins are demonstrating a remarkable level of resilience and growth. Among these, Binance Coin (BNB) has emerged as a leader, achieving a new all-time high just six months after its previous peak. This surge reflects not only BNB’s popularity but also
In the rapidly evolving world of cryptocurrency, regulatory pressures and access to essential banking services remain critical points of discussion. Recently, U.S. Congressman French Hill has intensified the conversation surrounding these issues, signaling potential changes in how cryptocurrency businesses engage with the banking system. Hill’s announcement to conduct a thorough investigation into possible regulatory efforts
Bitcoin, the vanguard of cryptocurrencies, has recently made headlines as it attempts to stabilize and reclaim the $96,400 mark after a formidable struggle against bearish trends. With the constant fluctuation in cryptocurrency markets, Bitcoin’s ability to assert this level of support is more than just a numerical point; it is emblematic of a larger trend
In an age where technology seems to outpace itself, the introduction of the world’s first Web3 laptop by Thomson Computing marks a pivotal moment in the evolution of personal computing. This groundbreaking device is not merely an update to traditional laptop designs; it embraces the transformative paradigms of Web3, integrating decentralized principles into both hardware
The Australian Securities and Investments Commission (ASIC) has announced a public consultation initiative aimed at refining its regulatory approach to cryptocurrencies. As highlighted in an announcement on December 4, ASIC is positioning itself to clarify how various digital assets are classified under existing laws. This proactive stance is an alignment with broader government efforts focused
