Bitcoin’s price experienced a positive reaction following President Joe Biden’s announcement that he would not be running for re-election in 2024. The cryptocurrency surged to a multi-week peak of over $68,000, showcasing its volatility in response to political news. In recent weeks, Bitcoin has undergone significant price fluctuations. From $58,000 to $65,000 after an assassination
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The recent acquisition of KnownOrigin by eBay has caused a significant stir in the digital art marketplace, leading to the abrupt closure of the company after just two years of operation. The company cited shifts in the NFT market as the primary reason for its closure, raising concerns about the longevity and safety of digital
The potential for a second Donald Trump presidency has the crypto industry on edge, as the former president has made promises to end President Joe Biden’s “crusade against crypto.” Trump’s rising odds of winning the U.S. elections have sparked concerns among foreign crypto exchanges like Binance, OKX, and Deribit. The possibility of a more crypto-friendly
Bitcoin has had a series of hyper-bullish developments that could potentially push its price above $1 million in the mid-term, according to crypto investment firm Mechanism Capital. Despite some poor market structure dynamics earlier this month, the leading catalyst for this potential explosion in value is Bitcoin’s adoption as a national treasury reserve asset. Rumors
The past week has been filled with excitement in the cryptocurrency market, with Bitcoin making significant waves. Despite not being the top performer, Bitcoin managed to surge by a whopping 11% in the past seven days. The price of Bitcoin has been on a mostly upward trajectory since July 14th, reaching new highs along the
Semilore Faleti is a well-known cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a specialization in blockchain technology and digital assets, Semilore has managed to carve out a niche for himself in the ever-evolving world of cryptocurrencies. Despite starting his writing career covering various subjects,
Recently, the Hong Kong police arrested three individuals suspected of defrauding a businessman out of HK$3.11 million in crypto assets. The trio allegedly offered him three bundles of counterfeit HK$1,000 banknotes in exchange for the digital currency. During a raid on the Mong Kok office where the fraudulent transaction took place, officers confiscated 10,978 fake
State Street Corp., a well-established financial institution based in Boston, is delving into the realm of digital assets by considering the launch of its own stablecoin and exploring tokenized deposits. This move is aimed at enhancing payment settlement processes through the utilization of blockchain technology. Recent reports indicate that State Street has been actively immersing
Bitcoin’s price has shown impressive growth over the past seven days, reaching levels between $61,000 and $67,000. This surge comes despite the fear, uncertainty, and doubt surrounding Mt. Gox’s customer repayment. QCP Capital, a well-known trading data company, believes that this recent positive momentum could be just the beginning of a larger price rally. Analysts
The recent statements made by crypto analyst Scott Melker, predicting a surge in Bitcoin’s price to reach $100,000, have been met with a mix of enthusiasm and skepticism within the crypto community. While Melker’s optimistic outlook on Bitcoin’s future is certainly compelling, it is important to analyze the validity of his claims and the factors