The recent announcement by Joe Biden regarding his withdrawal from the 2024 presidential race created a ripple effect in the world of cryptocurrency, specifically in the realm of presidential meme coins. Following the news, there was a significant amount of volatility observed in the market, with tokens linked to Biden and his family experiencing drastic
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The cryptocurrency market has once again experienced significant volatility following President Joe Biden’s decision to quit the 2024 presidential race. Bitcoin, the leading cryptocurrency, surged to a multi-week peak of over $68,000 in response to the news. The altcoins also experienced turbulence, with AVAX emerging as the top performer on a daily scale. Bitcoin has
The recent partnership between Kraken, a leading crypto exchange, and Tottenham Hotspur, one of England’s most iconic football clubs, has turned heads in both the sports and crypto industries. By becoming the official sleeve partner for Tottenham Hotspur’s men’s and women’s teams for the upcoming football season, Kraken has solidified its position as a major
Crypto investment firm Mechanism Capital recently stated that Bitcoin could potentially reach a price level above $1 million in the mid-term. This bold prediction is based on a series of hyper-bullish developments surrounding the asset. Despite facing poor market structure dynamics earlier this month, Bitcoin has been performing stronger than expected. One of the leading
In the past seven days, the cryptocurrency market has seen significant growth, with the total capitalization reaching $2.55 trillion, an increase of over $150 billion. One of the frontrunners in this surge is Bitcoin, which experienced an 11% increase in value. Although Bitcoin did not claim the top spot in terms of performance, its upward
Recently, the Hong Kong police arrested three individuals suspected of defrauding a businessman out of HK$3.11 million in crypto assets. This incident sheds light on the rising cases of deception involving cryptocurrency transactions in the region. The suspects offered the businessman three bundles of counterfeit HK$1,000 banknotes, with only two genuine banknotes hidden on the
State Street Corp., a prominent player in the traditional finance sector based in Boston, is delving into the realm of cryptocurrencies by exploring the launch of its stablecoin and tokenized deposits. The company aims to enhance payment settlement processes by leveraging blockchain technology. State Street’s endeavors align with its strategic vision to streamline global payments
Kraken Institutional, the division catering to institutional investors of the US-based crypto exchange Kraken, has announced the expansion of its custody services into the UK and Australia. This move is significant as it marks the first international venture for Kraken Custody since its initial launch earlier this year. According to a press release, institutional clients
The recent rally in the price of bitcoin has sparked optimism among investors, with the crypto asset reaching highs of $67,000. Despite this, it is currently trading around $64,000. Analysts at CryptoQuant have pointed to on-chain metrics suggesting positive momentum in the near term. However, concerns have been raised about the sustainability of this rally
Trading volume on centralized exchanges experienced a significant decline of 21.8% in June, marking the third consecutive month of diminishing activity since March. A report by CCData revealed that the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, a sharp drop from the peak of $9 trillion recorded earlier in
