Bitcoin, the giant of the cryptocurrency world, has recently entered what analysts describe as the ‘thrill’ phase of its market cycle. This phase is characterized by heightened excitement among investors and traders, often leading them to engage in leveraged trades, which could result in significant volatility. Renowned crypto analyst Ash Crypto has indicated that this
In a significant public address at the “Meta Day Argentina,” President Javier Milei brought attention to the crucial dialogue surrounding cryptocurrency regulation. By advocating for a distinct separation of cryptocurrencies from governmental control, Milei taps into a broader narrative concerning the erosion of personal freedoms under state oversight. His critique of central bank digital currencies
In a notable market movement, Cardano (ADA) experienced a substantial surge of 35% on November 10, 2023, holding its position near the $0.65 mark. This increase aligns with the broader performance of leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), especially following Bitcoin’s remarkable all-time high of $93,265 on November 12. As
Recent developments within the U.S. Attorney’s Office in Manhattan signal a significant shift in the government’s approach to prosecuting crypto-related crimes. Following successful high-profile convictions, including that of FTX founder Sam Bankman-Fried, the office has announced a decrease in its focus on cryptocurrency cases. This change, stated by Scott Hartman, co-chief of the securities and
In the ever-fluctuating landscape of cryptocurrency trading, the recent downturn in Bitcoin’s daily trading volume has caused a stir among market enthusiasts and analysts alike. Bitcoin’s trading volume has plummeted by approximately 27%, translating to about $85.89 billion. This marked decline has prompt various interpretations of its implications—whether this phenomenon signifies a phase of Distribution
Know-Your-Customer (KYC) regulations play a crucial role in the cryptocurrency landscape, serving as a fundamental element for compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. They require exchanges and financial institutions to verify the identities of their users, ensuring that accounts are linked to legitimate individuals. However, recent revelations regarding Upbit, South Korea’s
In recent developments, the Hong Kong Monetary Authority (HKMA) has issued a critical warning about the misleading practices employed by some foreign cryptocurrency firms. These entities, in a bid to enhance their credibility and gain the trust of local customers, have begun to brand themselves as banks. As stated in a notice on November 15,
The cryptocurrency arena has recently witnessed some noteworthy shifts, particularly surrounding XRP. Although XRP displayed a relatively tepid performance initially, it has begun to align itself with the momentum of the market, revealing an intriguing potential for future gains. Notably, there is a current trend involving Ripple whales that further fuels anticipation for an upcoming
November 15 marked a turbulent day for the cryptocurrency market, particularly within the often tumultuous realm of meme coins. Despite a notable overall correction, the total market capitalization of the meme coin sector has remained resilient, hovering around a staggering $120 billion. This resilience stands in stark contrast to the challenges faced by major cryptocurrencies
The recent unveiling of Somnia’s Developer Network (Devnet) marks a significant milestone in the realm of blockchain technology. With an ambitious design that brands itself as the “dream computer,” Somnia is venturing into the fully on-chain ecosystem, a space ripe for innovation. This initiative aims to empower developers and users within the Web3 landscape, focusing