The cryptocurrency market has recently experienced a period of correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price has fallen by approximately 6% over the past week, currently trading at around $65,400 according to CoinGecko’s data. One potential reason for the increased volatility and decline in BTC’s value is profit-taking
Lithuania is set to impose strict licensing requirements on crypto firms by 2025, a move that will significantly reduce the number of companies able to operate in the country. Central bank board member Simonas Krepsta stated that out of the 580 firms currently active in Lithuania, only a limited few will be able to obtain
The recent surge in popularity of meme coins has brought Wally the Whale token into the spotlight, with a staggering 44,510% increase in value in just 24 hours. This meteoric rise has captivated the attention of investors looking for the next big opportunity in the crypto market. As Wally the Whale continues to make waves,
The recent downturn in the Bitcoin price has sparked concern among investors, as the price dipped below $67,000. However, amidst this uncertainty, crypto analyst Michael van de Poppe has taken a different approach. He has encouraged the crypto community to see this as an opportunity to buy more Bitcoin at a lower price. In a
The recent legal challenges faced by KuCoin with US authorities have had a significant impact on user assets on the platform. The exchange’s latest proof-of-reserve certificate revealed a noticeable decline in user holdings, with Bitcoin decreasing by 25.4%, Ethereum by approximately 22%, and Tether’s USDT by about 22%. This decline is further supported by data
The Monetary Authority of Singapore (MAS) has recently made significant amendments to its Payments Service Act (PSA) in a bid to boost user protection and strengthen its jurisdiction within the cryptocurrency industry, as announced in a statement on April 2. These revisions are in line with Singapore’s goal of solidifying its position as a cryptocurrency-friendly
In a recent interview with Fortune, Coinbase CFO Alesia Haas made a bold statement by asserting that Ethereum (ETH) should not be classified as a security. Haas highlighted the previous positions of both the SEC and the CFTC, emphasizing the lack of regulatory clarity surrounding cryptocurrencies in the US as the root of the classification
As the Bitcoin Halving draws near, with less than 2,900 blocks remaining before miners’ rewards are halved, anticipation is building within the crypto community. The event, projected to occur in April around Block 840,000, is expected to have a profound impact on Bitcoin’s price trajectory. The Halving, occurring approximately every four years, is a deflationary
In March 2024, blockchain security firm PeckShield released a report that highlighted a distressing increase in crypto hacks, causing over $187.29 million in losses across more than 30 incidents. Despite some recovery efforts, these breaches have dealt a significant blow to the DeFi sector’s progress. One of the most devastating breaches mentioned in the report
Bitwise Asset Management is making a bold move by urging the U.S. Securities and Exchange Commission (SEC) to defer the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. This decision comes amid the soaring success of the Bitwise Bitcoin ETF (BITB), which has accumulated over $2 billion in assets under management since its
