Bitcoin has remarkably rebounded after dipping below the $90,000 mark, ultimately hitting over $91,000 in just one day. This resurgence comes on the back of a rollercoaster week where the cryptocurrency witnessed a meteoric rise from approximately $80,000 on Monday to a staggering nearly $94,000 by Wednesday. Such wild fluctuations are indicative of the volatile
In recent observations from renowned crypto analyst Ash Crypto, Bitcoin (BTC) appears to be undergoing a significant shift, having entered what he describes as the “thrill” phase of its market cycle. This particular phase often marks heightened enthusiasm among traders, presenting a double-edged sword for investors. While bullish sentiment can propel Bitcoin prices to unprecedented
The landscape of cryptocurrency regulation and enforcement is undergoing a significant transformation, as evidenced by recent statements from the US Attorney’s Office in Manhattan. After a series of high-profile convictions regarding illicit activities linked to digital currencies—most notably the case against FTX founder Sam Bankman-Fried—the office has decided to recalibrate its focus on prosecuting cryptocurrency-related
The cryptocurrency market is known for its volatility, but recent data reveals a significant downturn in Bitcoin trading volumes that has raised eyebrows among analysts and investors alike. Bitcoin’s trading volume has plunged by approximately 27%, causing a ripple effect on its price, which has taken a noticeable hit. As of the latest figures provided
The Hong Kong Monetary Authority (HKMA) has recently raised alarms regarding foreign cryptocurrency companies that are deceitfully presenting themselves as banks. In a notice dated November 15, the authority highlighted a concerning trend: these firms are leveraging the term “bank” not just to enhance their credibility, but also to manipulate potential customers into believing they
President Javier Milei of Argentina has stirred the political and financial discourse by expressing his staunch support for a distinct separation between cryptocurrency management and state involvement. During his speech at “Meta Day Argentina” in the historic Palacio Libertad, Milei raised critical concerns regarding Central Bank Digital Currencies (CBDCs), positioning them as instruments of governmental
In an era marked by rapid technological advancements, the launch of Somnia’s Developer Network (Devnet) is set to be a game-changer for developers and users venturing into the Web3 ecosystem. Somnia’s devnet offers a robust high-performance blockchain that aspires to be a “dream computer” tailored for fully on-chain experiences. This inception holds significant promise for
In the ever-evolving world of cryptocurrencies, Cardano (ADA) has recently captured the spotlight, achieving a remarkable 35% increase on November 10. This surge positions ADA comfortably near the $0.65 mark. The altcoin’s ascent coincides with the broader rally of major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), particularly after Bitcoin reached a historic
The cryptocurrency market is notoriously volatile, but recent trends have highlighted a significant uptick in XRP’s performance. After a period of stagnation, XRP has demonstrated remarkable resilience and has recently been attracting considerable investor interest. Data analytics firm Santiment noted a surge in holdings among significant investors—often referred to as “whales.” These whales are entities
Recent findings by the South Korean government have brought serious allegations against Upbit, the nation’s largest cryptocurrency exchange, surrounding significant breaches of Know-Your-Customer (KYC) protocols. The Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) discovered these issues during a standard review linked to Upbit’s license renewal process. The uncovered potential violations, estimated to
