Recent data reveals a significant shift in the correlation between Bitcoin and US stocks. Previously, the flagship crypto had a positive correlation with these stocks, which had a positive impact on both Bitcoin and the broader crypto market. However, data from the market intelligence platform IntoTheBlock now shows that Bitcoin’s correlation with the Nasdaq 100
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The US Securities and Exchange Commission (SEC) has officially closed its investigation into stablecoin issuer Paxos. This decision comes after over a year of scrutiny and a Wells notice that suggested potential enforcement action against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin. However, on July 9, Paxos received a termination notice from the
Bitcoin (BTC) has recently broken above its bearish trendline, signaling a shift in market sentiment. Traders and investors are optimistic about BTC’s ability to sustain its momentum and reach the $60,152 mark. With a market capitalization of over $1.1 trillion and a trading volume exceeding $24 billion, BTC is currently trading at around $58,119, down
In the midst of challenging market conditions, DWF Labs, a Web3 market maker and investment firm, is not shying away from ambitious plans for growth and innovation. The firm’s recent unveiling of its new website is just the beginning of its commitment to transparency and fair market practices. In 2023, Binance recognized DWF Labs as
Bitcoin’s price surge towards $60,000 recently hit a roadblock as the asset retraced slightly, settling just above $58,000. This halt in momentum comes after a period of intense volatility in the cryptocurrency market. Among the larger-cap altcoins, Stacks has emerged as the top performer, experiencing a significant 14% increase in value. Following closely behind is
The recent Copa America semi-final between Canada and Argentina led to yet another significant betting loss for the Canadian musician and actor, Drake. After wagering $300,000 worth of Bitcoin on Canada to beat Argentina, the odds were not in his favor, and he ended up losing the bet when Argentina emerged victorious with a 2-0
The recent Senate Agriculture Committee hearing shed light on the Commodity Futures Trading Commission’s (CFTC) willingness to step up as a primary regulator for cryptocurrencies. This shift in focus could mark a significant paradigm shift in the oversight of digital assets. In response to Senator Roger Marshall’s inquiry about the CFTC taking the lead in
Binance, the world’s largest cryptocurrency exchange, recently announced a scheduled wallet maintenance that will result in the suspension of deposits and withdrawals for approximately one hour on July 17. Although trading services will remain unaffected during this period, the temporary halt in transactions may raise concerns among users who rely on quick access to their
Recently, an Ethereum whale made a significant transaction that has caused panic among community members. The whale transferred a large amount of ETH ($34.3 million) to the Coinbase exchange, leading to speculations that they might be looking to offload their holdings. This has raised concerns as such a move could potentially impact the price of
Blockchain technology has been rapidly evolving, with new applications and features being introduced to improve security and usability in real-world scenarios. ShardLab, the blockchain arm of Hashed, recently launched a web application that aims to simplify decentralized identity and NFT voucher distribution. By leveraging technologies like account abstraction and zero-knowledge proofs, the app enhances security