News
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Bitcoin nears $69K as it attracts interest from institutional investors
- May 31, 2024
- Posted by: [email protected]
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No CommentsBitcoin (BTC), the world’s leading cryptocurrency, has recently been experiencing a downward trend, struggling to reach the $69,000 mark. On a recent trading day, BTC reached an intraday low of $67,147. This bearish movement is not isolated to Bitcoin alone; major altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC)
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Ripple donates additional $25 million to Fairshake PAC’s pro-crypto campaign for 2024 US election
- May 30, 2024
- Posted by: [email protected]
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Ripple, a prominent player in the cryptocurrency space, has once again demonstrated its unwavering commitment to advancing the interests of the industry by infusing an additional $25 million into Fairshake PAC. This substantial financial contribution serves as a follow-up to Ripple’s earlier $25 million donation, reinforcing its dedication to fostering an environment conducive to financial
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Bitcoin shows impressive resilience amid US Federal rate cuts
- May 29, 2024
- Posted by: [email protected]
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Bitcoin (BTC) has demonstrated remarkable resilience, regaining traction despite hawkish remarks from Federal Reserve officials and stronger-than-expected U.S. economic data, which have decreased the likelihood of a Fed rate cut. The cryptocurrency’s value saw a notable increase, peaking at $68,848 intraday and stabilizing around $67,785. Supporting Bitcoin’s bullish stance, BlackRock’s Bitcoin ETF (IBIT) has emerged
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Russian firms embrace cryptocurrency for trade with Chinese partners
- May 29, 2024
- Posted by: [email protected]
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Amidst challenges encountered in financial dealings with Chinese counterparts, Russian commodities firms have turned to stablecoins as a solution. In light of international constraints and heightened regulatory measures, these firms have opted for cryptocurrencies, particularly Tether’s stablecoin, to streamline cross-border transactions with their Chinese associates, as indicated in a recent Bloomberg report. According to the
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Expected BTC holdings to exceed $68K following Mt. Gox’s $2.93 billion wallet transfer
- May 29, 2024
- Posted by: [email protected]
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Bitcoin (BTC) serves as a bellwether in the ever-changing cryptocurrency world; its value and trajectory are frequently influenced by a variety of events, both within and beyond its ecosystem. Recently, the market witnessed a momentous incident when Mt. Gox, a popular but troubled exchange, initiated a significant transfer of 42,909 BTC, worth a stunning $2.93
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Cristiano Ronaldo unleashes his 4th NFT collection with Binance amid legal dispute
- May 28, 2024
- Posted by: [email protected]
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Portuguese football star Cristiano Ronaldo has announced an exciting new collaboration with Binance for the release of his fourth non-fungible token (NFT) collection. Scheduled for launch on May 29 on the Binance NFT Marketplace, this collection will celebrate highlights from Ronaldo’s illustrious football career, showcasing memorable moments and achievements. “My football journey has taken me
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Bitcoin drops by 0.50% as the crypto community awaits US President’s decision on SEC crypto rule
- May 27, 2024
- Posted by: [email protected]
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As President Biden’s decision on the SEC’s cryptocurrency regulations looms, Bitcoin’s market response remains cautious. Currently trading at $68,400, Bitcoin has experienced a slight decline of 0.50%, suggesting a bearish trend. This decline indicates that investors are wary of the potential impacts that impending regulatory changes could have on Bitcoin’s value. President Biden is facing
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Former US President vows to release Ross Ulbricht, founder of Silk Road if re-elected
- May 27, 2024
- Posted by: [email protected]
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The former president of the United States, Donald Trump, has promised to offer a presidential pardon to Ross Ulbricht, the founder of Silk Road, if he is re-elected in November. Trump made the announcement on May 25 at the Libertarian Party National Convention in Washington. During his speech, he proclaimed, “If you vote for me, on
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Bitcoin price surges as crypto exchanges announce 1200 new job openings
- May 27, 2024
- Posted by: [email protected]
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Bitcoin (BTC/USD) is currently trading at $69,088, experiencing a slight decline of 0.33%, which suggests a bearish outlook for the cryptocurrency. Despite this downturn, the broader cryptocurrency industry is showing strong signs of optimism, as evidenced by a surge in hiring across major exchanges. Over 1,200 job openings have been announced by leading platforms such
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South Korean regulators under pressure following U.S. SEC approval of Ethereum-based ETFs
- May 26, 2024
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The recent approval of Ethereum-based exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) has sent ripples through the global financial landscape, particularly in South Korea, where regulators have maintained a cautious approach towards integrating cryptocurrency trading into traditional securities markets. In stark contrast to their U.S. counterparts, Korean regulatory bodies, including