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Bitcoin, which is currently holding steady at $38,000 on November 29, is facing warnings of potential market corrections as it eyes the $40,000 milestone, with analysts closely monitoring whale activities. Despite reaching 18-month highs and maintaining a grip on higher levels, concerns arise about large-volume traders potentially leaving late-long positions stranded at the peak. The

Several cryptocurrency advocates are highlighting the pivotal role of Bitcoin (BTC) mining as a “critical tool” for promoting clean energy usage and grid balance. In a recently released working paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency,” former ERCOT President Brad Jones, alongside Bitcoin advocates Nic Carter, Dennis

According to Ravi Menon, the managing director of Singapore’s central bank, private cryptocurrencies lacking fundamental financial service attributes are destined to fade away from the monetary landscape. Menon emphasized three key components in his vision for the future monetary system: central bank digital currencies (CBDCs), tokenized bank liabilities, and well-regulated stablecoins. These insights were shared

In the ever-evolving landscape of cryptocurrencies, Bitcoin’s current trade at $37,385 reflects a marginal 1% decline on Monday. This nuanced movement takes place against the backdrop of pivotal developments within the crypto industry, most notably the intriguing forecast from Tom Farley, former NYSE President. Farley, now serving as the CEO of the cryptocurrency exchange Bullish,

HKVAEX, a cryptocurrency exchange reportedly associated with Binance, has applied for a virtual asset trading platform license from the Securities and Futures Commission (SFC) in Hong Kong. The application, submitted on November 25, places HKVAEX among the latest platforms seeking regulatory approval in the region, according to Hong Kong’s list of virtual asset trading platforms.

In the last 24 hours, Bitcoin has experienced a 1.4% increase, reaching a trading price of $37,800. This development prompts investors to question whether this marks the commencement of a sustained growth phase or merely a momentary pause before a potential decline. The surge coincides with the unveiling of “Bull Run,” a groundbreaking documentary delving

Michael Saylor’s MicroStrategy has seen a sharp increase in its shares, which have now reached a two-year high. According to Yahoo! Finance, the technology company’s shares ended above $500 on Black Friday, a level not seen since December 2021. At the moment, MicroStrategy has a $7.55 billion market value, which is evidence of its well-thought-out

The recent surge in Bitcoin’s price above the $38,000 mark has ignited a sense of excitement and anticipation within the cryptocurrency community, marking a significant milestone not witnessed since May 2022. The prevailing sentiment now centers around the possibility of Bitcoin reaching the next major threshold at $40,000, a level that could have broader implications

In the aftermath of recent legal challenges and leadership changes at Binance, the newly appointed CEO, Richard Teng, has taken to social media to reassure stakeholders about the exchange’s commitment to its foundational principles. Teng’s message serves as a pledge of stability and underscores the company’s unwavering focus on user satisfaction, a crucial aspect considering

In the ever-evolving cryptocurrency landscape, Bitcoin has once again taken center stage with its recent surge beyond the $37,000 threshold. This upward movement, amounting to nearly 2.75% and reaching $37,353 on Thursday, unfolds against the backdrop of thin holiday trading and a strengthening US dollar. The cryptocurrency market, currently navigating through regulatory uncertainties spurred by