In a stunning turn of events, Bitcoin has surged to an unprecedented price of $103,630 during the early trading hours in Asia on December 5. The cryptocurrency experienced a dramatic increase of more than 7% within just 12 hours, rebounding sharply from a low of approximately $95,000. This latest advancement not only signifies a 140%
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The evolving landscape of cryptocurrency regulation is becoming increasingly contentious within the halls of Congress. Representative French Hill’s recent announcement regarding heightened scrutiny over regulatory pressures on banking services tied to cryptocurrency businesses has raised significant questions about the integrity and accessibility of financial services for legally operating firms in this burgeoning sector. Hill’s commitment
Recent insights from crypto analysts suggest that Ethereum (ETH) is on the verge of confirming a golden cross on its daily chart. This technical formation occurs when a shorter-term moving average (MA), such as the 50-day MA, crosses above a longer-term moving average, like the 200-day MA. Historically, this scenario has signaled a bullish trend
In a significant move that has sent ripples through the cryptocurrency mining community, Foundry Digital announced a 27% reduction in its workforce, impacting 74 employees. This decision is emblematic of a broader strategy to pivot towards core operations that focus on enhancing its prominence within the Bitcoin mining sector. Such layoffs are not just a
In an impactful address at a recent Investment Forum in Moscow, Russian President Vladimir Putin articulated a strong endorsement for Bitcoin (BTC) and other digital currencies, asserting that their evolution is an irreversible phenomenon. He framed these virtual currencies as vital instruments in addressing financial inefficiencies that plague traditional systems, positing them as pivotal to
In the ever-fluctuating world of cryptocurrencies, Bitcoin continues to maintain its position as a key player and trendsetter. Recently, the leading digital asset has been scrutinized particularly closely as it attempted a movement to reclaim the $96,400 support level after breaking through a bearish trendline. This critical price action has sparked discussions among analysts about
The recent movement of seized cryptocurrency assets by the U.S. government has stirred considerable interest and speculation within the digital asset ecosystem. This activity, particularly involving significant amounts of Ethereum (ETH), Binance USD (BUSD), and other altcoins, raises important questions about the future of cryptocurrency markets and regulatory practices. As the government reallocates seized assets,
In a recent announcement posted on his Truth Social account, President-elect Donald Trump officially nominated Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). This nomination has sparked significant interest due to Atkins’ long-standing involvement in economic policy and his previous experience as an SEC Commissioner from 2002 to 2008.
Pi Network, hailed for its ambitious vision of democratizing cryptocurrency mining through smartphones, marked a significant milestone on September 4, celebrating 2,000 days since its launch on March 14, 2019. Despite the project gathering momentum with over 14 million users having completed their KYC verification, the elusive mainnet and native token remain unavailable to the
In a significant legal statement, a Russian court has imposed life imprisonment on Stanislav Moiseev, the alleged ringleader of the infamous dark web drug marketplace known as Hydra. Alongside this severe penalty, he and his associates face steep fines that total over four million rubles, approximately equivalent to $37,500. This decision is part of a