The Qatar Financial Centre (QFC) in Doha has recently introduced a groundbreaking regulatory framework for digital assets. This framework, known as the QFC Digital Assets Framework 2024, aims to establish a secure and transparent ecosystem for digital assets within the QFC. One of the key aspects of this framework is the invitation to both local
2024
Bitcoin experienced its second worst monthly close of the year in August 2024, with losses amounting to 8.6%. This decline was surpassed only by the losses seen in April when the price plummeted by 14.76% in one month. The negative trend in August has left investors uncertain about the future of Bitcoin going into September.
Ryan Salame, a former FTX executive, has decided to withdraw his petition to dismiss the indictment against Michelle Bond just days before a crucial court hearing. The letter from Salame’s legal team, dated Aug. 29, informed Judge Lewis A. Kaplan of the Southern District of New York that the petition was being withdrawn “without prejudice.”
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
Binance, the leading cryptocurrency exchange in terms of trading volume, recently announced that it successfully prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. A significant portion of these averted losses, over $1.1 billion, were related to withdrawals associated with suspected crypto scams. Thanks to
Australia’s Securities and Investment Commission (ASIC) has taken decisive action in shutting down a significant number of crypto scam websites over the course of the past year. In a statement released on August 19, ASIC revealed that a total of 615 scam websites had been closed down as part of a broader effort to combat
The world of cryptocurrency is constantly evolving, with new trends and patterns emerging regularly. Recently, a crypto analyst known as ‘Mags’ has brought to light a concerning development for Bitcoin (BTC) – a bearish death cross. This particular pattern has raised questions about the future price movements of the world’s largest cryptocurrency. Delving into the
The landscape of Bitcoin ownership has drastically changed over the past few years, with institutions and governments now dominating the top holder list for the cryptocurrency. Private holders, excluding Bitcoin creator Satoshi Nakamoto, have been largely eliminated from the list. This shift towards institutional ownership has significant implications for the market and the future of
Following the recent $235 million hack on Indian crypto exchange WazirX, the exchange has decided to terminate its asset custody arrangement with Liminal. In an effort to enhance the security of its remaining assets after the breach, WazirX announced on Aug. 14 that it would be moving its assets from Liminal to new multi-signature (multi-sig)
As the Bitcoin price plummeted below $60,000, many investors were left disappointed as hopes for a new all-time high seemed to fade away. Despite this short-term setback, analysts like CryptoQuant CEO Ki Young remain optimistic about a potential rebound in the long term. Young recently shared his thoughts on social media platform X, stating that