The cryptocurrency exchange Kraken has recently made significant strides by securing a Markets in Financial Instruments Directive (MiFID) license, a move that solidifies its position within the European financial landscape. Announced on February 3, this development stems from Kraken’s acquisition of a Cypriot investment firm, a transaction that has received the green light from the
The cryptocurrency market often operates within a realm shrouded in volatility and unpredictability. Recent remarks from Bybit CEO Ben Zhou have cast a spotlight on the discrepancies associated with reported liquidation figures in the crypto space. Zhou’s assertion that the total liquidations might hover between $8 billion and $10 billion stands in stark contrast to
In an unprecedented turn of events on Sunday, Ethereum (ETH) experienced a drastic capitulation, leading the altcoin to plunge over 30% in less than a day. This upheaval was not an isolated incident but a reaction to broader market fears, particularly concerning a potential trade war involving the U.S. The crypto ecosystem was rocked as
The cryptocurrency market is known for its volatility, but amid the turbulent seas of market downturns, certain tokens manage to chart their own course. A prime example of this phenomenon is DeXe (DEXE), which emerged as a beacon of growth even as most cryptocurrencies struggled to regain footing. This article delves into the factors behind
In recent discussions surrounding the macroeconomic factors influencing Bitcoin’s value, one standout perspective comes from Jeff Park, the Head of Strategy at Bitwise. Park has articulated his belief that current tariff policies, particularly those implemented during Donald Trump’s presidency, may serve as a significant driving force behind Bitcoin’s ascendancy in the financial landscape. This article
India’s current contemplation of a revised cryptocurrency policy reflects a pivotal moment for the nation. As global attitudes towards digital assets steadily move towards acceptance, India finds itself at a crossroads where its previous staunch resistance may require realignment. The reported reassessment by the government, particularly in light of positive movements in countries like the
The cryptocurrency market experienced a tumultuous downturn, particularly on February 3, when the majority of digital assets faced significant declines. Among the worst hit was Shiba Inu (SHIB), a well-known meme coin that saw its value drop to its lowest point in four months. The price plunged to $0.00001284, a stark reminder of the highly
The cryptocurrency landscape has experienced a seismic shift recently, with market capitalization plummeting by 12% in just 24 hours, leaving it at approximately $3.1 trillion. This dramatic loss, surpassing $400 billion, marks the lowest valuation seen this year, reminiscent of conditions in mid-November. The sell-off intensified notably during the Asian trading hours on Monday, indicating
Opeyemi may have stumbled into the world of cryptocurrency by chance, but the two-year journey since his initial engagement has transformed him into a skilled writer and passionate advocate for digital assets. Initially hesitant about this unconventional investment domain, he became enamored with its multifaceted nature. This unanticipated attraction has become a driving force in
As XRP gains significant traction worldwide with endorsements from multiple financial regulators and growing initiatives for adoption, concerns regarding its regulatory standing in specific regions persist. Notably, Hong Kong, known for its progressive approach to financial technologies, has not granted XRP approval for trading, stirring curiosity and speculation within the cryptocurrency community. This discrepancy raises
