Bitcoin experienced a sudden spike of over 6% in value following the announcement made by Federal Reserve Chairman Jerome Powell hinting at a potential 25bps rate cut at the upcoming meeting on September 18. The cryptocurrency market, already known for its volatility, reacted unpredictably to this unexpected news. Traders are now closely watching Bitcoin’s movements
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Indian cryptocurrency exchange WazirX recently made a startling revelation about the presence of external parties with vested interests trying to manipulate the ongoing restructuring process for their own gains. This revelation has shed light on the murky waters surrounding the cryptocurrency industry and the vulnerabilities faced by users of such platforms. The exchange pointed out
Opeyemi is a writer deeply immersed in the world of cryptocurrency, with a passion for unraveling the intricacies of blockchain technology. He spends hours analyzing price charts and connecting them to on-chain movements and blockchain activities. His dedication to the crypto market is evident in his daily routine and interests. Opeyemi’s dedication to the cryptocurrency
The statements made by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek shed light on a crucial issue affecting the European Union – the stifling of artificial intelligence (AI) innovation due to its fragmented regulatory structure. They highlighted that the EU’s AI regulatory framework is plagued with inconsistent implementation, creating obstacles for companies in
Opeyemi is a diligent writer with a keen interest in the dynamic world of cryptocurrency. Despite not originally choosing the digital asset industry, he has found himself deeply engrossed in it for over two years. His passion lies in crafting insightful pieces that demystify blockchain technology and shed light on the latest trends in the
The XRP price has been relatively stagnant for some time now, but one crypto analyst believes that a significant breakout is on the horizon. Javon Marks, a well-known analyst, took to social media to share his optimistic projections for XRP, suggesting that the cryptocurrency could potentially see a massive surge of up to 42,263%. This
Russia is allegedly in the process of setting up two cryptocurrency exchanges to facilitate foreign economic activities. These proposed exchanges will be located in Moscow and St. Petersburg, serving as hubs for international trade. According to Mikhail Uspensky, a member of the State Duma’s legislative committee on crypto regulation, these exchanges will at first be
In a recent press release, India-based cryptocurrency exchange WazirX announced its plans to gradually resume fiat currency withdrawals following a month-long suspension due to a cyberattack. The hack, which took place on July 18, resulted in the theft of a substantial amount of ERC-20 tokens valued at over $235 million at the time. This incident
In a recent development, a US federal judge has denied the crypto exchange Kraken’s request to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency, alleging that the exchange has facilitated the trading of securities without proper registration.
The DeFi Education Fund and the Blockchain Association recently submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The brief emphasized the significant privacy and security concerns posed by the CAT, particularly for participants in the digital asset market. It argued that the