Bitcoin, the leading cryptocurrency, experienced a whirlwind of price fluctuations recently. Surging past $62,000, it seemed like the digital asset was on a unstoppable upward trajectory. However, this bullish run was short-lived as Bitcoin failed to maintain its momentum and retraced back below that level. The asset’s price volatility left investors on edge, uncertain of
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Recently, on June 27, Binance made an announcement regarding the implementation of stricter measures to combat account misuse. The company revealed that certain account features on the platform were being exploited by users to gain unfair advantages in terms of fee rates and API limits. As a response, Binance stated that it might suspend or
Keisha Lance Bottoms, set to become Joe Biden’s senior campaign adviser, recently highlighted the significance of cryptocurrency as a nonpartisan issue. In a statement to The Hill, she emphasized that crypto is not a political matter, but rather a unifying force that has garnered bipartisan support. Bottoms pointed out that crypto and blockchain technologies are
As the first spot Ethereum ETFs in the United States are on the brink of launching, experts are projecting a notable price increase for the second-largest cryptocurrency in the market. With discussions between asset managers and regulators reaching their final stages, the US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs as
Illuvium, the highly anticipated game, is finally set to launch its Open Beta on July 25, 2024, exclusively via the Epic Games Store for PC. The game’s development began in 2020 and has seen several hurdles along the way. Despite these challenges, the Illuvium team has shown dedication and commitment to creating a high-quality gaming
In a recent development, CleanSpark (CLSK) made headlines by acquiring one of its competitors, GRIID Infrastructure, in a deal valued at $155 million. This strategic move instantly provided CleanSpark with an additional 20 megawatts (MW) of power to enhance its mining operations. The company is also set to add another 400 MW of power in
Paradigm, a reputable firm in the crypto space, has expressed significant concerns over the proposed regulations by the European Securities and Markets Authority (ESMA) under the Markets in Crypto Assets Regulation (MiCA). The firm’s detailed response to ESMA’s consultation package highlighted potential negative impacts on both EU citizens and the broader crypto ecosystem that could
The US Securities and Exchange Commission (SEC) is in the final stages of approving the spot Ethereum ETFs. Asset managers like BlackRock, Franklin Templeton, and Grayscale Investments are currently in discussions with regulators to iron out the last remaining issues. These firms have already successfully launched spot Bitcoin ETFs earlier this year, marking a significant
The recent decline in the price of Bitcoin can be attributed to various factors, with one of the major contributors being the large sell-offs orchestrated by governments. The German government’s decision to sell around 2,786 BTC, equivalent to roughly $140 million, sent shockwaves through the market. Similarly, news broke that the US government had moved
The recent lawsuits filed by Coinbase against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) have shed light on a growing conflict between cryptocurrency exchanges and financial regulators in the United States. Coinbase’s legal actions stem from the regulators’ refusal to comply with information requests related to closed crypto cases.
