In a dramatic turn of events, Bitcoin prices skyrocketed to an unprecedented high of $103,630 during early trading in Asia on December 5, according to TradingView on Binance. This surge, which marked a more than 7% increase within a mere 12-hour window, highlights Bitcoin’s ability to rapidly shift market sentiment. This increase was fueled by
Bitcoin Cash
In a significant stride towards validating cryptocurrency as a mainstream financial asset, Bitwise Asset Management has recently proposed a new exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This proposal is anchored in Bitwise’s existing 10 Crypto Index Fund, which reflects an increasingly strategic approach to digital assets in the investment arena.
Mt. Gox was once the largest cryptocurrency exchange in the world, handling over 70% of Bitcoin transactions. However, its notorious downfall in 2014 due to a massive security breach led to the loss of approximately 950,000 Bitcoins, profoundly shaking investor confidence in cryptocurrency longevity and security. As the exchange declared bankruptcy, the aftermath saw a
Over the past weekend, Bitcoin’s price movements have exhibited a sense of calm, stabilizing above the $68,000 mark. This period of relative stability was anticipated, given the highly volatile trading week preceding it. After a dramatic dip below $59,000 earlier in the week, Bitcoin rebounded to around $62,000 before beginning a journey of incremental gains.
In August 2016, the cryptocurrency exchange Bitfinex experienced one of the most significant hacks in the history of digital asset exchanges, resulting in the theft of around 120,000 Bitcoins (BTC). This cyberattack not only sent shockwaves through the cryptocurrency market but also raised pressing questions about the security protocols of exchanges and the protection of
In a highly anticipated move, the US Federal Reserve recently reduced the key interest rates by 0.5%, a decision that has sparked significant reactions in the financial markets, particularly within the cryptocurrency sector. This adjustment is reflective of the Fed’s ongoing efforts to ensure economic stability amidst fluctuations in inflation and employment rates. Rate cuts
In a significant move influenced by regulatory scrutiny, eToro’s U.S. arm has announced it will discontinue trading the majority of its cryptocurrency assets, following a new directive from the Securities and Exchange Commission (SEC). This decision stems from allegations that the platform has been operating in violation of federal securities laws since at least 2020.
In a decisive move highlighting the increasing scrutiny of the cryptocurrency industry, eToro has announced significant changes to its trading offerings. Following a settlement with the U.S. Securities and Exchange Commission (SEC) involving a financial agreement of $1.5 million, the platform is set to restrict its crypto trading options. This decision comes after it was
The past 24 hours have not been kind to the cryptocurrency market, with Bitcoin’s price dropping to a 2-week low of $57,100. This comes after a week of mixed performance, where Bitcoin briefly surged to over $65,100 before facing a steep decline. The bearish trend seems to have continued, with Bitcoin struggling to regain its
In recent developments, the once-defunct cryptocurrency exchange Mt. Gox has begun repaying creditors impacted by the 2014 hack. This move has sparked interest and speculation within the crypto community, particularly regarding the potential impact on the market. Initially, there were concerns among crypto investors that the repayment of Bitcoin and Bitcoin Cash to Mt. Gox