In a striking turn of events, Bitcoin has regained momentum after briefly hovering below significant psychological thresholds of $90,000 and $87,000. Over the past day, it registered an impressive increase of more than $4,000, propelling its value beyond the $91,000 mark. This latest surge follows a dynamic week where Bitcoin soared from around $80,000 on
Recent updates from crypto analyst Ash Crypto have ignited discussions within the cryptocurrency sphere, indicating that Bitcoin is now in a period known as the ‘thrill’ phase of its market cycle. This phase is marked by exuberance among traders and investors, often resulting in dramatic price movements that can lead to both substantial gains and
In a recent advisory statement released on November 15, the Hong Kong Monetary Authority (HKMA) highlighted a troubling trend in which foreign cryptocurrency firms are misrepresenting themselves as banks to exploit the trust of consumers in Hong Kong. This cautionary note underscores the importance of regulatory vigilance in safeguarding stakeholders from potential deception and financial
The recent announcement from the US Attorney’s Office in Manhattan marks a pivotal moment in the government’s approach to cryptocurrency-related crimes. Following notable convictions, including the case against FTX founder Sam Bankman-Fried, the office has decided to scale back its focus on prosecuting offenses in the blockchain sector. Scott Hartman, co-chief of the securities and
In recent weeks, Bitcoin has undergone significant fluctuations in trading volume that have raised eyebrows across the cryptocurrency market. Reports indicate that Bitcoin’s daily trading volume has plummeted by around 26.46%, translating into a staggering $85.89 billion. Such a downturn comes at a critical time for Bitcoin, coinciding with a notable retreat in its price,
In a recent presentation at “Meta Day Argentina,” President Javier Milei articulated a powerful argument in favor of separating cryptocurrencies from government intervention. His address, positioned within a broader libertarian framework, captured the ongoing discourse around the future of money and the role of governments in defining financial systems. In an era when fintech innovations
In a startling revelation, the South Korean government has detected substantial Know-Your-Customer (KYC) violations on Upbit, the country’s foremost cryptocurrency exchange. Reports from November 14 indicate that during a standard review linked to the renewal of Upbit’s business license, the Financial Intelligence Unit (FIU) of the Financial Services Commission uncovered a staggering number of KYC
In recent market movements, Cardano (ADA) has showcased remarkable resilience and growth, particularly resonating with the bullish trends of other leading cryptocurrencies. On November 10, it recorded an impressive 35% increase, stabilizing around the $0.65 mark. As it closely follows Bitcoin’s notable ascents, Cardano exemplifies how altcoins can benefit from the movements of market leaders.
The blockchain landscape is undergoing significant transformations, and at the forefront of this evolution is Somnia’s newly unveiled Developer Network (Devnet). This innovative platform aims to provide developers and Web3 enthusiasts with inclusive access to high-performance blockchain technology, positioning itself as the “dream computer” for a fully on-chain environment. Developers are encouraged to harness this
The cryptocurrency landscape is known for its volatility, yet the recent resurgence of XRP has captured the attention of both investors and analysts alike. After initially lagging behind in the latest market surge, XRP has showcased remarkable growth, prompting speculation about the potential for further price increases. This rebound is intricately linked to the current
