At the recent 2024 Tsinghua PBC Chief Economist Forum, a pivotal discussion emerged regarding China’s position on cryptocurrency, prompted by insight from former Vice Minister of Finance, Zhu Guangyao. His remarks usher in a crucial moment where the emphasis is not merely on the potential threats posed by the nascent industry but also on the
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In a significant move to regulate the cryptocurrency market, Taiwan’s Financial Supervisory Commission (FSC) has unveiled a new policy that permits professional investors to access foreign cryptocurrency exchange-traded funds (ETFs) through local brokers. This regulation, as reported in a late September press release, is poised to reshape the landscape of cryptocurrency investments in Taiwan, ensuring
On September 27, Bitcoin (BTC) experienced a notable surge, jumping to $66,500—a price point it hadn’t reached since late July. This moment was laden with optimism among investors, so much so that discussions around the cryptocurrency were predominantly bullish. Yet, almost paradoxically, the euphoria was short-lived. Shortly after reaching this local high, Bitcoin experienced a
In a significant recent event, Binance, the world’s foremost cryptocurrency exchange, collaborated with Indian authorities to expose and dismantle a fraudulent yet seemingly legitimate online gaming application known as Fiewin. This app touted the premise of allowing users to earn income through engaging in mini-games. Unbeknownst to many, it was actually a sophisticated scam that
In the rapidly evolving world of cryptocurrencies, evaluating the ecosystem’s health is crucial for both investors and developers. One of the most telling metrics in this landscape is the number of daily active addresses on various blockchain networks. This figure offers a window into user engagement and can indicate trends in adoption across multiple crypto
Recent developments in the cryptocurrency market have revealed a significant uptick in investor interest in spot Bitcoin Exchange-Traded Funds (ETFs). Throughout the last trading week, US-based spot Bitcoin ETFs saw a remarkable influx of over $1 billion. This surge in capital signals not just a recovery in market sentiment but also a renewed confidence in
Bitcoin’s recent movements in the cryptocurrency market have garnered considerable attention as it surpasses significant resistance levels. Recently, the cryptocurrency managed to break above the $64,000 mark, an important milestone that aligns closely with the 200-day moving average. This intersection not only signifies a crucial technical breakout but also suggests a potential shift in market
In the dynamic world of cryptocurrency, Bitcoin has recently experienced a notable surge, significantly influenced by the latest US inflation data. After dipping for some time, Bitcoin’s price bounced back, climbing above $66,500—marking its highest point in nearly two months. The initial part of the week saw Bitcoin setting a steady pace, bolstered by a
In a robust response to mounting cybercrime incidents linked to Russian entities, U.S. authorities have taken significant action against Sergey Sergeevich Ivanov and Timur Shakhmametov. These Russian nationals stand accused of operating sophisticated cryptocurrency laundering services integrating with the broader tapestry of Russian cybercriminal activities. This multi-faceted operation has drawn attention not only for the
The intersection of cryptocurrency and politics has become a focus as digital asset advocacy groups like Stand With Crypto attempt to gauge and influence political sentiment towards the burgeoning industry. Recently, the group found itself in hot water after changing its rating of Democratic presidential candidate Kamala Harris, illustrating the complexities and controversies that pervade