The cryptocurrency landscape is constantly shifting, and the latest player to enter the fray is Arkham Intelligence, which plans to launch its crypto derivatives exchange next month. This initiative has garnered significant attention, particularly following a report from Bloomberg News on October 11. Arkham’s strategic move comes at a time when interest in crypto derivatives
As a decentralized cryptocurrency, Bitcoin’s market dynamics are influenced by a myriad of factors—trader sentiment, macroeconomic indicators, and the behaviors of large holders, known as “whales.” Currently, Bitcoin is hovering at a precarious support level, and recent developments suggest that a minor selloff could instigate a more significant downward trend. The influx of over 30,000
The expiration of approximately 18,800 Bitcoin options contracts on October 11, valued at around $1.1 billion, marks a significant event in the cryptocurrency market. This massive options expiry comes amid a declining trend in implied volatility and a less impactful expiry process compared to previous weeks. Despite the substantial notional value of these contracts, it’s
Best Owie stands out in the ever-evolving landscape of cryptocurrency journalism as the Managing Editor at NewsBTC. With over six years of rich experience in the crypto sector, Best has not only honed the skills necessary for producing high-quality, informative content but has also established a profound understanding of the intricate mechanisms that drive this
The protracted legal struggle faced by Binance, the world’s leading cryptocurrency exchange, in Nigeria, exemplifies the challenges that cryptocurrency firms confront amid regulatory scrutiny. Tigran Gambaryan, the head of financial crime compliance at Binance, has been under Nigerian custody since February. In a recent development, Justice Emeka Nwite of the Federal High Court in Abuja
In August 2024, Fidelity Investments, one of the largest asset management firms globally, experienced a significant data breach that compromised the personal information of over 77,000 customers. This incident, which occurred between August 17 and 19, highlighted critical vulnerabilities in the financial sector’s ability to safeguard client data. The breach allowed unauthorized access to two
The evolution of the internet as we know it has given rise to Web3—a new paradigm built on decentralized technologies, NFTs, and blockchain applications. At the forefront of this transition is the SEED Telegram app, which offers users a unique gateway into blockchain ecosystems while providing various avenues to earn rewards. With the SEED Airdrop
On October 10, 2023, the Securities and Exchange Commission (SEC) levied serious allegations against Cumberland DRW, a notable Chicago-based crypto market maker. The SEC charges that Cumberland operated as an unregistered securities dealer, claiming it had traded over $2 billion in cryptocurrencies categorized as securities since at least March 2018. The crux of the SEC’s
In the evolving landscape of digital finance, the emergence of stablecoins has sparked significant interest among regulators and lawmakers alike. Senator Bill Hagerty, a Republican from Tennessee and member of the Senate Banking Committee, has recently introduced a discussion draft for new legislation aimed at fostering a robust regulatory framework for stablecoin issuers. With the
Cardano (ADA) has found itself at a significant crossroads in the volatile world of cryptocurrency trading. Recently, the token has exhibited noteworthy price fluctuations, moving dramatically from a 27% rise to a subsequent 20% dip, followed by further unpredictable shifts. Currently priced at around $0.34, Cardano is teetering at a vital support level that could
As October begins, the cryptocurrency market is grappling with notable instability, particularly affecting leading tokens like Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP). A growing feeling of uncertainty among investors has emerged, weighing down the performance of these cryptocurrencies. Recently, a significant portion of the market has perceived the situation negatively, with many major assets
In a groundbreaking move within the digital landscape, TikTok has introduced SonicX, a novel “tap to earn” game that operates on the Solana blockchain. This new game, which is developed by Sonic SVM—a Layer 2 infrastructure provider—marks the beginning of a new era in gaming, as it attempts to merge entertainment with the complexities of
In the ever-evolving landscape of cryptocurrency, Bitcoin often serves as the bellwether, guiding the sentiment of the market. Recently, after encountering resistance at the $66,000 mark, Bitcoin has seen bearish trends take root, which could spell trouble for short-term traders and long-term investors alike. As it stands, the price has fallen below crucial moving averages
In the ever-evolving landscape of cryptocurrencies, the debate between established players like Bitcoin (BTC) and the meme-driven phenomenon of Dogecoin (DOGE) is heating up. Prominent crypto analyst James has thrown considerable weight behind Dogecoin, suggesting that it is set to outshine Bitcoin during the current market cycle. This belief stems not just from speculative trends,
Ripple, a prominent player in the blockchain industry, has recently unveiled a suite of innovative features designed to enhance its custody technology, particularly aimed at fintech and cryptocurrency users. As the landscape of digital assets continues to evolve rapidly, Ripple Custody marks a pivotal phase for the company, which is seeking to solidify its presence
The cryptocurrency market, particularly Bitcoin, has remained a focal point for both seasoned investors and newcomers alike. Currently navigating a challenging price point of approximately $60,000, Bitcoin finds itself at a critical juncture. Despite the price stagnation, new data regarding on-chain activity sheds light on investor sentiment, revealing that long-term holders are exhibiting substantial resilience.
Bitcoin, the dominant player in the cryptocurrency market, continues to captivate investors and analysts alike. Its price history exhibits various patterns that can serve as indicators for future movements. Recent insights into Bitcoin’s behavior are shedding light on a potential bullish trend that echoes notable occurrences from past months. However, inherent market volatility driven by
South Korea’s Financial Services Commission (FSC) has initiated a critical investigation into Upbit, the country’s largest cryptocurrency exchange, amid growing concerns regarding its significant market influence. This scrutiny reflects the increasing apprehension surrounding the intertwining of major financial entities and their potential to create systemic risks. The chief of FSC, Kim Byung-hwan, highlighted the importance
On October 10, 2023, South Korea’s Financial Services Commission (FSC) embarked on a significant regulatory initiative by establishing a Virtual Asset Committee. This body aims to steer the conversation and decisions surrounding the approval of spot exchange-traded funds (ETFs) linked to cryptocurrencies. The necessity for such a committee is accentuated by the complexities and rapid
The cryptocurrency market often feels like a rollercoaster, with Bitcoin (BTC) serving as a pivotal indicator for the direction of the entire sector. October has traditionally been a promising month for cryptocurrencies, earning the nickname “Uptober” within the community due to the historical bullish momentum seen during this period. However, the initial days of October
The cryptocurrency market remains an unpredictable and volatile space, with Bitcoin—often dubbed the king of crypto—under considerable pressure following its brief rally over the $66,000 mark. Recent trends indicate an unsettling bearish sentiment that has taken control of Bitcoin’s price dynamics. This article aims to dissect the current state of Bitcoin, examining key resistance and
Ubisoft, a legendary name in the gaming sector, has taken a daring step into the burgeoning world of Web3 gaming with the announcement of its new title, “Champions Tactics: Grimoria Chronicles.” Set to launch on October 23, this tactical RPG promises to offer players an immersive experience that combines traditional gameplay elements with blockchain technology.
The landscape of cryptocurrency regulation is fraught with complexity, and recent comments from SEC Commissioner Mark Uyeda reveal a growing discontent with the agency’s current regulatory strategies. In a notable appearance on Fox Business’ “Mornings with Maria,” Uyeda articulated that the SEC’s enforcement-driven approach has created chaos, deeming it a “disaster for the whole industry.”
Former President Donald Trump has stepped into the crypto realm with the launch of World Liberty Financial (WLF), a project that has recently made headlines by submitting a proposal to the Aave governance forum. This ambitious initiative seeks to establish WLF as an operational instance on the Aave platform, arguably one of the most recognized
Taiwan is stepping into the forefront of financial innovation with its Financial Supervisory Commission (FSC) announcing a pilot program designed for institutions eager to offer digital asset custody services. This initiative, as reported on October 8, aims not only to lay down the groundwork for the digital asset sector but also to enhance the security
Navigating the intricate landscape of cryptocurrency can often feel akin to wading through a tempest. Bitcoin, the dominant player in the crypto arena, recently experienced a significant downturn, plummeting to around $60,000 in early October. As we dissect the factors contributing to this dip and the subsequent recovery attempts, it’s crucial to understand the underlying
In a world where volatility reigns supreme, the cryptocurrency market demonstrated an unexpected sense of stability over the past 24 hours. The total market capitalization has held steady around the $2.26 trillion mark, providing a glimpse of calm amid ongoing speculation and excitement. One of the prominent subjects capturing the interest of crypto enthusiasts and