Recent data has revealed a significant shift in the relationship between Bitcoin and US stocks. The flagship cryptocurrency has completely detached from the Nasdaq 100 and S&P 500, with a correlation of -0.78 and -0.83, respectively. This strong negative correlation indicates that Bitcoin and these assets are now moving in opposite directions. The decline in
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Opeyemi is not just a casual observer of the cryptocurrency world; he is deeply passionate about all things related to digital assets. Despite not originally choosing the industry, he has become fully immersed in it over the past two years. This passion is evident in the unique and insightful pieces he creates, unraveling the complexities
The Central Bank of Nigeria’s deputy director, Olubukola Akinwumi, recently made some serious accusations against popular cryptocurrency exchange Binance. Akinwumi accused Binance of facilitating transactions that are typically reserved for authorized banks and financial institutions. These accusations were part of his testimony in a lawsuit filed by the Economic and Financial Crimes Commission (EFCC) against
Semilore Faleti is a prominent figure in the world of cryptocurrency journalism and content creation. With a focus on blockchain technology and digital assets, Semilore has demonstrated a deep understanding of the complexities and intricacies of the crypto space. His work is dedicated to educating and informing his audience about the latest trends and developments
Taiwan Mobile, a prominent player in the telecom industry in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move has positioned the company as the 26th VASP in Taiwan, according to the latest report from the Financial Supervisory Commission. The company’s General
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been facing a significant downturn in the past week, with a 9% price decline bringing it down to $3,130. The market is now closely watching crucial levels that need to be maintained to avoid further losses and potential liquidations. Analysts are highlighting the importance of the
Bitwise, an asset management firm, has made changes to its S-1 registration with the SEC to enable the listing and trading of shares for a spot Ether exchange-traded fund (ETF). Following remarks from SEC Chair Gary Gensler indicating that approvals for spot Ether ETFs could be finalized by summer 2024, Bitwise’s updated Form S-1 registration
As Bitcoin recently dipped below $60,000, crypto expert Michael van de Poppe has pointed out a crucial indicator that suggests a bounce may be on the horizon. Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, signaling a potential relief bounce from the current price level. According to his
The recent events in the crypto market have left investors and traders reeling from the impact of a widespread crash that has seen Bitcoin and altcoins plunge. The Bitcoin price, in particular, has been on a downward spiral, falling from support after support, causing chaos for tens of thousands of traders. The repercussions of this
South Korea’s Financial Supervisory Service (FSS) is taking proactive steps to tighten oversight of crypto trading platforms within its jurisdiction. The regulator recently announced that local exchanges will be required to establish a continuous monitoring system for unfair transactions and report any abnormal activities promptly. This move aims to eliminate fraudulent transactions and ensure compliance
