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
Bitcoin, the leading cryptocurrency in the market, has been facing challenges in maintaining its price above $54,000 and breaking the $57,000 mark. Despite this, a recent analysis by crypto analyst Kaleo suggests that Bitcoin’s fundamentals are strong. Comparing the current price dynamics to the previous halving cycle, Kaleo’s findings indicate that Bitcoin is actually in
Amidst growing concerns over its financial stability, Fintech bank Nubank has decided to suspend trading for its cryptocurrency, Nucoin. This unexpected move was announced on September 10 through a blog post, where Nubank revealed that Nucoin can no longer be bought or sold within its app. The cryptocurrency, which was introduced in late 2022 on
