Cryptocurrency News
The endorsement of cryptocurrencies and blockchain technology by a group of thirty Canadian lawmakers, as outlined in the report titled “Blockchain Technology: Cryptocurrencies and Beyond,” highlights the growing recognition of the potential benefits and importance of these technologies. The report’s emphasis on the need for a national strategy indicates a […]
The UK Law Commission has emphasized the importance of developing laws to regulate crypto assets in order to establish the country as a global center for cryptocurrencies and non-fungible tokens (NFTs). In their statement released on Wednesday, June 28, the independent panel highlighted that these long-awaited recommendations aim to create […]
Bitcoin miners play a crucial role in the cryptocurrency ecosystem, as they validate transactions and secure the network. Their activities often have a significant impact on the Bitcoin market, particularly when they send their Bitcoin profits to exchanges. The recent observation of miners recording extremely high exchange interaction, sending an […]
Circle Internet Financial Ltd., a US-based stablecoin issuer, is closely monitoring the regulatory developments in Hong Kong following the implementation of new crypto rules. Circle CEO Jeremy Allaire expressed the company’s interest in Hong Kong as it aims to establish itself as a prominent hub for digital assets markets and […]
Three weeks ago, Apecoin slipped below $2 and found support with a recovery in the past two weeks. It posted a 5% increase today and may reiterate more actions in the coming days. As the market’s volatility dropped since last weekend, making most altcoins retrace downward, Apecoin’s price continued to […]
Cardano looks weak today after recording a double-digit gain in the last 7 days. The weakness came after the bulls failed to push higher since last weekend. It may tap more profits if the bulls resume pressure. Last week saw ADA and other altcoins through a significant recovery after dipping […]
In today’s ever-evolving investment landscape, the integration of artificial intelligence (AI) has emerged as a transformative force. With its ability to analyze vast amounts of data, identify patterns, and make data-driven predictions, AI is revolutionizing the way we invest. In this article, we will explore the remarkable power of AI […]
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has not deterred Ripple from making significant strides in terms of adoption and expansion. Despite the case being expected to conclude soon, Ripple has recently announced a major achievement in the form of securing in-principle approval […]
Federal Reserve Chairman Jerome Powell’s recent acknowledgment of cryptocurrency’s staying power as an asset class in the U.S. economy carries significant implications. Firstly, his statement indirectly suggests that cryptocurrency can potentially serve as a hedge against inflation, given its durability as an asset class. By recognizing the lasting presence of […]
The recent launch of EDX Markets, a new crypto exchange, in collaboration with prominent investment bodies including Citadel, Fidelity, Charles Schwab, Sequoia Capital, Virtu Financial, and Paradigm, showcases a notable shift in the attitude of top investment entities towards the cryptocurrency industry. This move comes despite the recent regulatory crackdown […]
Invesco, a global asset management firm, has recently reignited its efforts to launch a Bitcoin exchange-traded fund (ETF) by submitting form 19b-4 to the U.S. Securities and Exchange Commission (SEC). This move indicates the growing interest in the crypto market and the race among various platforms to introduce their own […]
The concept of a global infrastructure for digital currencies, as proposed by the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, could have significant implications for the adoption of cryptocurrencies. Georgieva’s remarks about interoperability and the avoidance of settlement blocks highlight the growing recognition of the need for coordination and […]
During last week’s sell-off, Kusama’s price dropped heavily and broke below its 7-month low. It recovered this week with a potential retest at a recent breakdown level. The price is up 3% today as the sellers take a break. This week has been a sigh of relief for KSM compared […]
Wallet scam or hack is a growing thing in the crypto space in recent months. Several techniques can be used to stop situations like the recent theft of over $35 million in cryptocurrency from Atomic Wallet. The protection of users’ funds can be considerably improved by using strong security techniques […]
The leading meme coin, Dogecoin (DOGE), recently lost ground again but found new support. It has recovered from that support but now facing resistance. The price is likely to fall back if the bears release more pressure. After staying calm for some days, Doge’s bears stepped back and mounted another […]
Following the current crypto market fall, Ethereum‘s price decreased by 7% to $1,785 yesterday and remained on a downward slope. The price recovers quickly and shows signs of a possible reversal. Ethereum finally resumed bearish after breaking out of a descending resistance to retap the $1,900 level in the past […]
In the cryptocurrency ecosystem, the Bitcoin halving event has long been recognized as a crucial turning point, inspiring optimism among institutional investors and market participants. Even though the bear market is still going strong, CleanSpark’s recent purchase of 12,500 Antminer S19 XP Bitcoin miners is a prime example of the […]
After witnessing some recovery in the past week, Bitcoin topped out at resistance and initiated a heavy drop below the previous low. It lost 6% in the dip and has shown no sign of stopping at the moment. More bloodbath lies ahead. Following a bounce from the 4-hour channel’s lower […]