In the fast-paced world of cryptocurrencies, volatility is nothing new. The popular Solana meme coin DogWifHat (WIF) recently experienced a significant drop in value, losing 17% in just 24 hours. This decline is part of a broader market pullback that saw both Bitcoin and Ethereum lose around 5% of their value overnight. These market leaders
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Recently, Tether, the world’s largest stablecoin issuer, made a significant addition to its Bitcoin holdings by acquiring 8,888 BTC on March 31. This move has positioned Tether as one of the largest Bitcoin holders in the market, with a total of nearly 75,400 BTC in its reserves. The company had previously announced its intention to
The Monetary Authority of Singapore (MAS) has recently made significant amendments to its Payments Service Act (PSA) with the aim of strengthening its oversight and increasing user protection within the cryptocurrency industry. These revisions are part of Singapore’s broader strategy to establish itself as a favorable location for crypto businesses, supported by a regulatory framework
Crypto.com, a leading cryptocurrency exchange platform, is set to launch its app in South Korea on April 29. This move comes after obtaining regulatory approvals, allowing retail customers in the country to trade over 150 cryptocurrencies and explore exclusive non-fungible token (NFT) projects. With the launch of the app, retail users will be able to
The recent movement in the price of Bitcoin has seen a decline from the $70,000 resistance zone, with BTC experiencing a drop of over 5% and breaking below the $67,500 support. This downward turn has resulted in the price trading below $68,500 and the 100 hourly Simple moving average. There seems to be a gaining
There has been an ongoing debate within the cryptocurrency community regarding the classification of Ethereum (ETH) as a security. Coinbase CFO Alesia Haas recently shared her perspective on this issue, stating that she believes Ethereum is not a security. Haas pointed to the lack of regulatory clarity surrounding crypto in the US as the core
As the cryptocurrency market gears up for the highly anticipated Bitcoin Halving event, all eyes seem to be fixed on Bitcoin. Market analysts, however, are making a strong case for altcoins like Ethereum (ETH) and Solana (SOL) as potential candidates for significant price surges in the near future. Jason Pizzino, a well-known crypto analyst, recently
China’s government recently made a significant announcement regarding a pioneering initiative spearheaded by Conflux Network. The initiative, known as the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” marks a pivotal moment in China’s utilization of blockchain technology to facilitate secure cross-border transactions. The main objective of this project is to establish
Bitcoin’s price took a sharp nosedive, plummeting below $69,000 in a flash crash that left a trail of destruction in the crypto market. While there has been a slight recovery since then, the damage has already been done. Thousands of traders found themselves on the wrong side of the trade as leverage positions were liquidated,
Degen Chain, a layer-3 blockchain built on top of the Base network, has recently caught the attention of both investors and traders due to its rapidly increasing transaction volumes, nearly hitting $100 million in just 24 hours. The network, which only started operating four days ago, has already processed over 272,000 unique transactions. Despite these