As the cryptocurrency world witnesses fluctuating tides, Bitcoin (BTC) has become a focal point for many traders and enthusiasts alike. Recent developments indicate a potential positive shift in the price trends, which comes as a relief after a challenging period dominated by bearish sentiment. While there seems to be renewed optimism surrounding Bitcoin, it remains
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The Law Commission of the United Kingdom Parliament recently introduced the Property (Digital Assets, etc.) Bill in an effort to legally recognize digital holdings, including cryptocurrencies, non-fungible tokens (NFTs), and carbon credits. This groundbreaking legislation aims to clarify the legal status of these assets under British law, marking a significant milestone in the evolution of
The Commodity Futures Trading Commission (CFTC) has taken a stand against the surge in crypto scams known as “pig butchering” by collaborating with federal and private organizations. These scams have caused billions in losses due to lack of awareness and understanding among consumers. The CFTC’s campaign aims to educate the public on recognizing warning signs
The recent price spikes in Bitcoin (BTC) are signaling a potential start of a long-awaited market bull run. As the cryptocurrency retests the $57,000 level, there is renewed momentum that could ignite a positive price rally and potentially drive more gains for Bitcoin. According to Santiment, a market intelligence platform, Bitcoin’s market value has experienced
Over the past two weeks, bitcoin has experienced a market correction of approximately 11% along with wild and volatile price swings. Despite a brief rebound to $58,000, the leading crypto asset still has a considerable distance to cover before reaching its all-time high levels. Recent on-chain data from Santiment indicates that wallets holding less than
In May 2019, the Federal Reserve made the decision to cut rates, triggering a 57% drop in Cardano’s price. The rates at that time were significantly lower than what they are today, and the national debt was also lower compared to the current level of nearly $35 trillion. The interest rates have now more than
Recently, Binance’s subsidiary Tokocrypto made headlines by obtaining a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This significant milestone positions Tokocrypto as only the third exchange in Indonesia to receive such a license, amidst a total of 35 prospective crypto exchanges registered with Bappebti. In the past year,
The recent analysis by crypto analyst Kaleo sheds light on Bitcoin’s current position in the market. Despite being stuck in a downtrend, fundamental analysis suggests that Bitcoin is actually in a healthy position. Kaleo compared Bitcoin’s performance after the recent April 2024 halving to its performance after the previous halving in May 2020. The analysis
Recently, Nubank, a prominent fintech bank, made the controversial decision to suspend trading for its cryptocurrency, Nucoin. This announcement came amidst concerns about the bank’s financial stability. In a blog post on September 10, Nubank revealed that Nucoin would no longer be available for purchase or sale within its app. Instead, it would function solely
The price of Ethereum (ETH) has been stagnant lately, much like Bitcoin (BTC). A well-known crypto analyst, Benjamin Cowen, has analyzed Ethereum’s price movements and suggested that the pioneer altcoin may hit a bottom in the next three months. Cowen has pointed out a potential correlation between ETH’s price declines and the rising unemployment rates