In a bold strategic maneuver leading up to the impending general elections, South Korea’s ruling party, the People Power Party (PPP), has made headlines with their announcement to advocate for a further two-year postponement in the enforcement of crypto taxation, as reported by local media on Feb. 19. During a press conference on Feb. 19,
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The Bitcoin open interest has surged in recent weeks as the price continues to climb steadily. This increase in open interest reflects a growing interest in the cryptocurrency market, especially after the approval of Spot Bitcoin ETFs for trading by the United States Securities and Exchange Commission (SEC). The open interest for BTC has reached
The cryptocurrency market is experiencing a surge in interest, with Bitcoin holding steady above $52,000 and record weekly inflows into crypto investment products. While Bitcoin remains a popular choice for investors, attention is shifting towards Ether (ETH), the second largest cryptocurrency by market capitalization. Ether has seen a significant increase in value, up close to
In a recent announcement, cryptocurrency exchange Binance revealed its plans to discontinue trading and subscription services for leveraged token offerings such as Bitcoin, Ethereum, and its BNB Coin, effective Feb. 28. The exchange stated that it would delist these tokens and halt redemption by April 3, affecting tokens like BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and
Yuga Labs, known for driving innovation within the Web3 space, recently made a significant move by acquiring PROOF. This acquisition signifies a strategic alignment with Yuga Labs’ vision to become the forefront of Web3 technology. By bringing PROOF under its wing, Yuga Labs is not only expanding its presence but also solidifying its position as
Following a recent surge in the price of Bitcoin, reaching above $50,000 for the first time since 2021, there have been speculations of a potential bearish correction in the near future. A prominent crypto analyst, Ali Martinez, has highlighted the possibility of a one-to-four candlesticks correction based on the Tom Demark Sequential indicator. This prediction
Bitcoin (BTC) has recently reached a milestone by surpassing the $50,000 mark for the first time since December 2021. The cryptocurrency has continued its upward trajectory and is currently trading above $51,900, showing a strong bullish sentiment in the market. The surge in Bitcoin’s price has been attributed to high demand from spot Bitcoin exchange-traded
As the Bitcoin industry in the US eagerly anticipates the launch of a Bitcoin ETF, concerns are rising about the potential impact on the industry. With major institutions like Goldman Sachs and JPMorgan expected to be custodians of the ETFs, there is a looming threat of Bitcoin being held not by individual investors, but by
Recently, US prosecutors filed a sentencing memo requesting approval of the plea deal entered into by Binance and its former CEO, Changpeng Zhao (CZ). This deal, made in November 2023, involves Binance admitting guilt to charges related to money laundering and sanctions violations. As a result, Binance is required to pay a hefty $4.3 billion
As the countdown to the fourth halving event continues, Bitcoin miners are displaying a high level of operation on the blockchain. The mining difficulty metric, a critical aspect of the Bitcoin blockchain, experienced a significant uptick of more than 8% recently, reaching a new all-time high. This resilience in the face of challenges such as
