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
eBay’s recent acquisition of KnownOrigin resulted in the abrupt closure of the company, sending shock waves through the digital art community. After operating for just two years, KnownOrigin shut down due to shifts in the NFT market that raised concerns about the longevity and safety of digital assets. This closure has major implications for the
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
The crypto industry is closely watching the possibility of a second term for former President Donald Trump due to his promise to end President Joe Biden’s crackdown on cryptocurrencies. With Trump’s odds of winning the U.S. elections on the rise, many in the industry are optimistic about the potential changes that could come with his
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
Semilore Faleti, a prominent cryptocurrency writer, has honed his skills in the field of journalism and content creation, with a focus on the complexities of blockchains and digital assets. His expertise lies in exploring the efficiency of digital assets for storing and transferring value, making him a staunch advocate for the adoption of cryptocurrency to
Semilore Faleti is a prominent figure in the world of cryptocurrency, with a specialization in journalism and content creation. His journey in the field began by exploring various subjects but eventually led him to the intricate world of blockchains and digital assets. One of Semilore’s key interests lies in the efficiency of digital assets in
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
Bitcoin has experienced a notable surge in price over the past week, with its value fluctuating between $61,000 and $67,000. This positive trend comes amidst concerns surrounding Mt. Gox’s customer repayment and speculations of fear, uncertainty, and doubt. Despite these factors, trading data from QCP Capital suggests that Bitcoin may be gearing up for a
