Crypto

On September 11, a significant shift in the global financial landscape was heralded by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), an organization that facilitates international payments among banks. In its recent announcement, SWIFT detailed ambitious plans to integrate regulated digital assets and cryptocurrencies into its existing framework, signaling a potential transformation in how

In a dramatic escalation of its regulatory oversight, the U.S. Securities and Exchange Commission (SEC) has significantly increased its enforcement efforts within the cryptocurrency landscape during 2024. A staggering total of approximately $4.7 billion in fines has been levied against various entities in the sector, reflecting a breathtaking growth of 3,018% compared to the mere

Decentralized Finance (DeFi) has taken the cryptocurrency world by storm, redefining traditional financial landscapes through blockchain technology. The evolution of DeFi projects is not merely measured in market cap or user adoption but also through ongoing development efforts that reflect innovation and community engagement. Recently, the analytics platform Santiment provided an insightful overview of the

Steven Lubka, a prominent figure in the cryptocurrency sector and head of private clients at Swan Bitcoin, has shared some intriguing predictions regarding Bitcoin’s future. In a recent conversation with CNBC, Lubka expressed confidence that Bitcoin could reach six figures by 2025, asserting that this projection remains solid irrespective of the political landscape surrounding the

In a significant move for the cryptocurrency space, a leading asset manager, Grayscale, unveiled a new Trust dedicated to tracking Ripple’s native token, XRP. This announcement isn’t just a routine launch; it could serve as a pivotal moment in the trajectory of XRP and potentially expedite its transition to an exchange-traded fund (ETF). Historically, Grayscale

In a significant development within the cryptocurrency trading sector, eToro’s U.S. branch will halt trading in most cryptocurrency assets within the next six months, as mandated by an order from the Securities and Exchange Commission (SEC). This decision emerges from claims that eToro has been in breach of federal securities laws since 2020, bringing to

The crypto landscape is no stranger to volatility, and the recent activity surrounding a wallet linked to the collapsed FTX exchange and its affiliate, Alameda Research, serves as a reminder of this turbulent environment. A movement involving the redemption of 177,693 Solana (SOL) tokens, valued at approximately $23.75 million, has emerged as a focal point

The cryptocurrency market is often marked by volatility, especially for major players like Bitcoin (BTC) and Ethereum (ETH). This week saw Bitcoin dipping to around $55,500 and Ethereum dropping to $2,200, leading to widespread pessimism among investors. However, an unexpected bullish turn among altcoins has redefined the narrative, showcasing the potential of smaller projects to

In an exciting development for cryptocurrency enthusiasts, Coinbase, the largest U.S.-based cryptocurrency trading platform, has officially launched its Wrapped Bitcoin product, known as cbBTC. This initiative marks an important step in expanding Bitcoin’s utility in the decentralized finance (DeFi) sector. The cbBTC tokens are live on two significant blockchains: Base and Ethereum. This launch follows

Fintech giant Nubank recently made headlines by announcing the suspension of trading for their cryptocurrency, Nucoin. This move has sparked discussions and raised concerns about the bank’s financial stability in the market. Effective immediately, Nucoin can no longer be bought or sold within the bank’s app, according to a blog post released on September 10.

Industry experts are bullish on the future potential of Ethereum, with ITC Crypto founder Benjamin Cowen and MN Consultancy founder Michaël van de Poppe both identifying positive indicators for the cryptocurrency. Cowen pointed out a wedge chart pattern similar to previous cycles, indicating a potential breakout, while van de Poppe highlighted a bullish divergence and

Bitcoin’s recent surge from a daily low of $53,600 to just over $58,000 has left the community speculating about the reasons behind this impressive performance. One key factor that has been identified is the impact of the US spot Bitcoin ETFs. Since their inception in mid-January this year, these ETFs have been influencing the price

Bitcoin (BTC) faced significant price weaknesses over the weekend after the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. Following the NFP data release, BTC experienced a sharp decline of almost 5%, dropping below the $54,000 range, reaching its lowest level since early August. This price weakness also had a

The United States Federal Bureau of Investigation (FBI) has recently issued a warning to the public regarding aggressive attacks from North Korean hackers targeting the crypto industry and companies associated with digital asset investment products. These attacks are not just simple breaches, but rather sophisticated social engineering tactics that pose a significant threat even to

Ethereum, once hailed as the platform for decentralized applications and smart contracts, has been struggling in comparison to Bitcoin since undergoing the Merge two years ago. Its performance has taken a hit, losing its reputation as ultra-sound money and teetering on the edge of undervaluation. One of the major drivers of Ethereum’s underperformance, as identified

Bitcoin’s market price has recently experienced a significant decline to its lowest point since the early August sell-off. The price plummeted below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US, signaling a shift in market sentiment. Despite a previous recovery where BTC surged to $65,000, it appears that

Bitcoin experienced a significant drop in price on Friday, only to somewhat recover on Saturday. Despite this recovery, the cryptocurrency has been hovering above $54,000. The journey to this point has been tumultuous, with bitcoin reaching close to $60,000 on Tuesday before heading south rapidly. After a series of highs and lows, including a spike

Recently, in a groundbreaking case in Scotland, a significant amount of cryptocurrency, amounting to approximately £110,000, was confiscated from a 29-year-old man named John Ross Rennie. This case is particularly notable as it is the first instance where proceeds of crime legislation have been utilized to seize cryptocurrency and convert it into physical cash. The

The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) sheds light on the regulatory challenges faced by financial institutions catering to cryptocurrency companies. The central bank raised concerns about significant deficiencies in UTB’s governance, particularly in its compliance with anti-money laundering (AML) laws and risk management related to virtual

Ethereum, one of the leading cryptocurrencies in the market, has been facing a significant downturn recently. This bearish trend can be attributed to several factors, including a pullback to the lower boundary of a broken wedge pattern and the formation of a death cross. These signs have instilled fear and uncertainty among investors, leading to

In the ever-volatile world of cryptocurrency, one trend remains unwavering – the presence of large investors known as whales. Despite the unpredictable nature of the market, data intelligence firm Santiment has identified a surge in whale activity within certain crypto projects. These whales, defined as investors conducting transactions valued at $100,000 or more, have significantly

The recent release of the US jobs report fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000+. This disparity in numbers has caused mixed reactions in the market, particularly with Bitcoin prices seeing a surge towards $57,000. The discrepancy in job creation has raised concerns about the

The recent data suggests that the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has dropped significantly compared to earlier this year. This decline in UTXOs aligns with the current downward trend in bitcoin’s price and the broader cryptocurrency market. According to a report by CryptoQuant analyst EgyHash, this could potentially signal the start

Toncoin (TON) had a promising start in 2024, reaching an all-time high of nearly $8.20 in mid-June. However, the cryptocurrency took a nosedive towards the end of August, currently trading at around $4.80, marking a 40% drop from its peak. The downfall began following the arrest of Pavel Durov, founder and CEO of Telegram, in

The crypto market is highly responsive to news, trends, and community discussions, making it essential for investors to have a deep understanding of the narratives shaping the industry. According to Santiment, a crypto research and intelligence platform, these narratives play a crucial role in influencing market movements and can provide investors with a competitive edge.

The Future Forward USA PAC, a supporter of Vice President Kamala Harris’ presidential campaign, has recently announced that they are now accepting crypto donations through Coinbase Commerce. This decision came after some initial confusion caused by comments made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024 Global TMT Conference in New York. Haas

Arthur Hayes, the co-founder and former CEO of BitMEX, has recently predicted that Bitcoin could potentially decline to $50,000 amidst the current market downtrend. He has expressed concerns about the broader macroeconomic environment, particularly focusing on the actions of the Federal Reserve and dynamics within the US Treasury market. Hayes remains long on Bitcoin and