The recent surge in Bitcoin’s value to reclaim the $67,000 mark has left many traders reeling from unexpected liquidations. Approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period, as revealed by data provided by Coinglass. Major exchanges like Binance, OKX, Bybit, and Huobi were the battlegrounds for these significant financial setbacks,
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After experiencing a significant drop, Bitcoin managed to recover as Wednesday came to a close, climbing from $61,000 to $67,000. This price jump sparked optimism in the cryptocurrency community, hinting at a potential bullish trend on the horizon. However, it is crucial to note that despite this recovery, Bitcoin has not reached its previous week’s
In the fast-paced world of cryptocurrency, new tokens and coins are constantly being introduced to the market. One of the latest newcomers to make a splash is $Scotty The AI, an AI-integrated security token and meme coin that has quickly gained popularity since its launch on decentralized exchange Uniswap. $Scotty The AI entered the market
Bitcoin’s price has been on a wild ride recently, experiencing sharp drops and sudden increases in value. After hitting an all-time high of almost $74,000, the cryptocurrency plummeted by about $10,000 in a single day. This downward trend continued, reaching a low of under $61,000 amid speculation about the actions of the US Federal Reserve.
BlackRock, a renowned asset management firm, recently announced its selection of Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). The fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets in the form of new
The Commodities and Futures Trading Commission (CFTC) has recently given the green light to Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). This approval marks a significant milestone in the cryptocurrency market, as these tokens are now set to enter the world of futures trading. The
The official Twitter account of Trezor, a prominent hardware wallet manufacturer, recently fell victim to a severe compromise, likely orchestrated through a SIM swap attack. The breach resulted in the dissemination of fraudulent messages promoting fake token sales and wallet scams. The suspicious activities were first brought to light by ZachXBT, an anonymous individual with
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing since December 2020. The SEC accused Ripple of illegally raising over $1.3 billion through an unregistered securities offering by selling XRP. Ripple has consistently argued that XRP is a currency, not a security, and therefore should not be
Recently, XRP experienced a significant price spike that caught the attention of many analysts and investors. This spike, which saw the price of the token reach an all-time high of $74, was attributed to a glitch on the Atlantis Exchange platform. While some users were excited about the sudden surge, it was quickly discovered that
Bitcoin, the flagship crypto token, has shown promising fundamentals that suggest it is well-positioned for growth in the current bull market. Despite this positive outlook, the recent price decline of Bitcoin has raised concerns among investors. Data from the on-chain analysis platform CryptoQuant indicates that the supply of Bitcoin on exchanges has decreased by nearly
