In a significant legal development, BIT Mining, a notable player in the cryptocurrency mining industry, has faced serious allegations regarding bribery. The company has reached a settlement with U.S. authorities, specifically concerning violations of the Foreign Corrupt Practices Act (FCPA). The charges stem from purported efforts made between 2017 and 2019 to bribe Japanese government
Crypto
In the ever-volatile world of cryptocurrency, Bitcoin recently made headlines as it approached the highly coveted $100,000 mark. After weeks of rising prices, reaching an impressive peak of nearly $99,800, Bitcoin’s fortunes took an unexpected turn. Within a short span, the digital currency plummeted by more than $4,000. This abrupt decline not only highlights the
In the lead-up to the highly anticipated November 5th elections in the United States, Bitcoin—touted as the leading cryptographic currency—has seen significant volatility. As of now, it is trading over 40% above its historical average, a surge that observers have tied closely to promises made by the Trump campaign regarding the government’s supportive stance towards
Bitcoin, the flagship cryptocurrency, is currently facing a significant challenge as it fails to breach the psychologically significant $100,000 milestone. After an impressive rally earlier in the week, where Bitcoin soared from approximately $90,000 to peak at around $99,800 on various exchanges, the cryptocurrency has settled back to about $98,000. This minor price decline, despite
In the fast-evolving world of cryptocurrency investment, last week presented a striking juxtaposition between Bitcoin and Ethereum exchange-traded funds (ETFs). The acceptance of Bitcoin ETFs in the US experienced a remarkable surge, evidenced by substantial inflows each day, while Ethereum ETFs faced considerable outflows. This disparity not only reflects investor sentiment following the recent US
As the winds of change swirl within the financial landscape, asset management firm Charles Schwab is reportedly on the brink of entering the cryptocurrency exchange-traded fund (ETF) market. Incoming CEO Rick Wurster has hinted at a pivot towards spot crypto trading, contingent on favorable changes in the U.S. regulatory environment. This perspective reflects a growing
The world of cryptocurrency has witnessed significant upheavals and transformations since Bitcoin’s inception over a decade ago. While regions like the United States and Europe have embraced digital currencies and their potential, Asia’s stance has been notably divergent. Particularly, China’s fluctuating policies toward cryptocurrencies have evolved into a complex tapestry of acceptance and prohibition. However,
The digital asset ecosystem is currently buzzing with anticipation following Donald Trump’s recent election victory. Within weeks, monetary observers and investors alike are beginning to decipher the profound implications that a pro-crypto administration may hold for the industry. As Trump prepares to assume full control of the White House in January, the potential for sweeping
In an unprecedented week for cryptocurrency, Bitcoin made valiant attempts to pierce the elusive $100,000 price mark, encountering formidable resistance just shy of this milestone. Over the course of the week, the digital asset aimed to build on its initial ascent above $90,000 early in the week. Bulls showcased strength, propelling Bitcoin to a peak
In a significant move aimed at enhancing user engagement and communication, Binance, one of the largest cryptocurrency exchanges in the world, has launched an official channel on WhatsApp. This initiative is designed to deliver a wealth of information directly to users’ fingertips, including updates on market events, product launches, and educational insights into blockchain technology
