Recent insights from crypto analyst Ash Crypto indicate that Bitcoin has entered what he terms the ‘thrill’ phase of its market cycle. This phase is characterized by exuberance and high investor participation, often leading to heightened volatility. As Bitcoin’s price escalates, reaching new all-time highs (ATHs), the excitement amongst traders intensifies, prompting many to leverage
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In a significant repositioning, the US Attorney’s Office for the Southern District of New York has announced a plan to recalibrate its focus on prosecuting cryptocurrency-related crimes. Leading this initiative is Scott Hartman, co-chief of the securities and commodities task force, who confirmed the new direction during a recent legal conference. The shift comes in
In recent weeks, Bitcoin has faced a pronounced downturn in trading volume, reflecting a significant shift in market dynamics. Reports indicate that the daily trading volume for Bitcoin has plummeted by an alarming 26.46%, reducing the figure to approximately $85.89 billion. This sudden decline in volume not only signals a decrease in market engagement but
In a troubling development for South Korea’s cryptocurrency arena, the country’s foremost exchange, Upbit, faces scrutiny over substantial Know-Your-Customer (KYC) compliance failures. As reported on November 14, the Financial Intelligence Unit (FIU) from the Financial Services Commission (FSC) discovered an alarming number of potential KYC breaches during a standard review of Upbit’s business license renewal.
In a bold proclamation at “Meta Day Argentina,” President Javier Milei expressed a fervent belief in the necessity of keeping cryptocurrency independent from state oversight. The venue, Palacio Libertad Domingo Faustino Sarmiento, became a platform for Milei’s critique of central bank digital currencies (CBDCs). He emphasized that cryptocurrencies should remain under private management, cautioning against
In a recent advisory issued on November 15, the Hong Kong Monetary Authority (HKMA) has issued a stern warning to residents about potential deception from foreign cryptocurrency companies masquerading as banks. This notice highlights the increasing prevalence of overseas crypto firms that attempt to gain credibility and trust by presenting themselves as financial institutions. Such
On November 10, Cardano (ADA) made headlines by achieving a remarkable 35% increase, positioning itself steadily around the $0.65 mark. This surge coincided with a similar rally among prominent cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The timing of Cardano’s rise is particularly noteworthy as it followed Bitcoin’s all-time high peak, reached on
In a significant move towards revolutionizing the blockchain space, Somnia has unveiled its Developer Network (Devnet), establishing itself as a pillar for developers and users navigating the Web3 universe. Positioned as a labor-saving “dream computer,” Somnia targets on-chain applications ranging from gaming and decentralized finance (DeFi) to social finance (SocialFi) and immersive metaverse experiences. This
The cryptocurrency market is notoriously volatile, characterized by rapid fluctuations and shifting trends that can be influenced by a variety of factors. Recently, XRP has demonstrated notable resilience, especially following a period of relative stagnation. This resurgence, linked closely to the activities of Ripple whales, hints at a potentially significant price movement for this digital
The cryptocurrency landscape is no stranger to volatility, and the recent turmoil witnessed on November 15 is a stark reminder of the unpredictable nature of meme coins. While the total market capitalization for meme tokens recently hovered around a remarkable $120 billion, the last 24 hours showed this niche facing one of its most severe
