In October 2023, Bitcoin’s volatility took center stage as it plummeted to a low of $60,000, prompting a crucial examination of market dynamics. This decline not only highlighted the fickle nature of cryptocurrency investments but also set the stage for an opportunity for long-term holders. Various analyses, particularly through on-chain data, provide a deeper understanding
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In a groundbreaking initiative, Taiwan’s Financial Supervisory Commission (FSC) is set to launch a pilot program focused on institutional cryptocurrency custody. This effort is aimed at fostering a more secure and regulated environment for crypto assets within the region. As cryptocurrency continues to gain traction globally, Taiwan is strategically positioning itself to be a leader
The 2016 Bitfinex hack, which saw the theft of around 120,000 BTC (Bitcoin), stands as a sobering reminder of the vulnerabilities inherent in cryptocurrency exchanges. Recently, a filing by the U.S. government has shifted the focus of restitution claims predominantly onto Bitfinex itself, positioning it as the primary victim in the aftermath of the cyberattack.
In a bold move that reflects the dynamic nature of the digital asset world, Binance has announced plans to convert specific delisted cryptocurrencies into USDC, with a deadline set for April 28, 2025. This decision is particularly noteworthy as it affects various user holdings, including but not limited to Tornado Cash (TORN), OMG Network (OMG),
As the global financial landscape undergoes rapid transformation, Europe finds itself at a crucial juncture. Piero Cipollone, a prominent figure within the European Central Bank (ECB), recently emphasized the need for the continent to adopt digital assets and distributed ledger technology (DLT) as a means of creating a robust capital markets union. In a significant
In the swirling chaos of cryptocurrency markets, few assets have garnered as much attention as Cardano (ADA). Even though it currently finds itself languishing below the crucial $1 threshold, insights from market experts paint a far more optimistic picture. Analysts predict that Cardano is poised for a significant recovery, with prospects suggesting that the price
The cryptocurrency market has long been a breeding ground for speculation, rapid price movements, and inherent risks. As blockchain technology and digital currencies continue to evolve, recent developments offer intriguing prospects for Bitcoin (BTC) enthusiasts and investors alike. The recent approval of options for spot Bitcoin exchange-traded funds (ETFs) is poised to bring forth a
Bitcoin, the leading cryptocurrency by market capitalization, finds itself in a precarious situation as it struggles to regain a firm foothold above the crucial 200-day moving average. As of late, the digital asset had shown faint signs of recovery from its recent drop, yet its continual inability to sustain upward momentum suggests a likely descent
On October 7, Bitget’s BGB token experienced a dramatic decline, plummeting from $1.15 to an alarming $0.5344 in just a short span of ten minutes. This sudden shift in value raised immediate concerns among traders and market observers. The volatility was particularly noteworthy as the token lost a staggering 56% of its value in a
In the ever-evolving landscape of digital asset investments, the last week has been marked by notable fluctuations as the market grapples with economic data that has shifted investor sentiments. Overall, investment products in this sector saw minor outflows totaling $147 million, a development attributed to better-than-anticipated economic measures that have tempered expectations surrounding substantial interest
