Crypto

After a tumultuous period, the cryptocurrency market has shown signs of stabilization over the last day, with total market capitalization hovering around $2.29 trillion. This figure indicates that the market has found a delicate balance following significant price swings experienced earlier in the week. Such price stabilization is particularly common during weekends, where trading volumes
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Bitcoin, the pioneering cryptocurrency, has recently crossed a significant psychological barrier by soaring past the $63,000 mark. At its peak, the digital asset reached an impressive high of $63,400 before settling at around $62,700. This fluctuation reflects a substantial 4% increase within a 24-hour period, indicating a notable rebound in a sector that has been
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The realm of cryptocurrencies is witnessing an impressive uptick in stablecoin dynamics, with notable implications for the overall market. Recently, a report indicated that the combined market cap of leading USD-backed stablecoins has soared to $169 billion—a staggering increase of 31%, or $40 billion, since the year’s onset. This growth trend signals a revitalized liquidity
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On Friday, October 11, a significant number of Bitcoin options contracts, totaling approximately 18,800, will reach expiration. This batch possesses a combined notional value of about $1.1 billion, which represents substantial activity in the crypto derivatives market. Notably, this week’s expiry mirrors that of the previous week, revealing a trend characterized by dwindling implied volatility
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In recent weeks, Shiba Inu (SHIB) has experienced a significant downturn, with its market value dropping approximately 13% as of the latest data from CoinGecko. This decline can largely be attributed to a wave of negative sentiment circulating on platforms such as Telegram, where discussions surrounding SHIB have become increasingly pessimistic. Notably, recent statistics indicate
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Cryptocurrency exchanges are continuously evolving to meet market demands, and Binance is no exception. On October 11, 2023, Binance announced the expansion of its trading options by introducing trading bot services for PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY pairs. While these developments may seem promising, a closer examination reveals a blend of strategic enhancements and operational challenges
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In August 2024, a major incident unfolded involving Fidelity Investments, a leading global asset management firm with a significant presence in the financial services sector. The breach, which took place between August 17 and August 19, led to the unauthorized access of personal information impacting over 77,000 customers. Such occurrences are serious in the financial
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The conflict between the Nigerian Securities and Exchange Commission (SEC) and Binance, the world’s foremost cryptocurrency exchange, has transitioned into a protracted legal saga, notably impacting one of its top executives. Tigran Gambaryan, who oversees financial crime compliance at Binance, has been imprisoned since February 2023 under allegations of money laundering. Recent developments have seen
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