In a dramatic sequence of events, Bitcoin’s value plummeted by approximately $3,000 within a matter of minutes on Friday night. While it managed to reclaim some footing, hovering around the $67,000 mark, the broader implications of this volatility swept through the entire cryptocurrency market. Nearly $70 billion vanished from the total market cap overnight, highlighting
Crypto
The cryptocurrency landscape has often been marred by stories of fraud, mismanagement, and sudden collapses. One of the more alarming narratives involves Grant Colthup, the former CEO of ACCE Australia, who now faces serious legal troubles that stem from his tenure at the company. Recently charged with a single count of fraud by the Australian
Bitcoin has firmly established itself as the frontrunner in the cryptocurrency realm, especially when it comes to long-term holding metrics. The latest findings from IntoTheBlock reveal that Bitcoin boasts an impressive average holding period of 4.4 years. This substantial time frame reinforces Bitcoin’s image as a reliable store of value, often dubbed “digital gold” by
The meme coin Cat in a Dogs World (MEW) has become a sensation in the cryptocurrency market, recently achieving remarkable milestones that have caught the attention of traders worldwide. Surging an impressive 85% over the last two weeks, MEW not only reached an all-time high of over $0.01 but also surpassed a pivotal market capitalization
Solana has recently emerged as a standout performer within the cryptocurrency landscape, witnessing a remarkable surge in its price. Over the past week, Solana (SOL) has showcased a striking return of 11%, reaching a peak of $178, a position it hasn’t achieved in almost three months. Now trading at approximately $171, Solana boasts a market
The blockchain ecosystem thrives on innovation, and one of the pivotal advancements in this arena is cross-chain collaboration. The recent partnership between EMURGO and BitcoinOS presents a compelling example of how bridging different blockchain networks can enhance decentralized finance (DeFi) capabilities. EMURGO, known for its commitment to enhancing Web3 adoption on Cardano, is poised to
The date of October 25, 2023, marks the expiration of approximately 62,600 Bitcoin options contracts, which collectively hold a notional value of around $4.26 billion. This particular expiry is noteworthy not only due to its volume but also because it coincides with the end of the month, making it significantly more impactful than the routine
On October 24, 2023, the Pennsylvania House of Representatives made a significant stride in the realm of cryptocurrency by passing House Bill 2481, affectionately dubbed the “Bitcoin Rights” bill. This legislative measure received overwhelming bipartisan support, signaling a growing acknowledgment of the importance of digital assets in the everyday lives of Pennsylvanians. The final vote
The landscape of cryptocurrency regulation in the United States is on the brink of transformation, as indicated by recent statements from Ripple’s CEO, Brad Garlinghouse. In an interview with Bloomberg, Garlinghouse expressed optimism about the potential for a more constructive regulatory environment following the upcoming presidential election. He highlighted the conclusion of the current administration’s
The recent legal saga involving Tigran Gambaryan, a senior executive at Binance, has drawn considerable attention to the intersection of cryptocurrency and regulatory oversight in Nigeria. Initially, Gambaryan was embroiled in a web of serious allegations, including money laundering and tax evasion. These charges, primarily targeting the cryptocurrency exchange itself, placed Gambaryan in a precarious
