Recently, the Bitcoin price experienced a significant drop below $60,000 due to rapid selling by major holders such as the German and US governments. This resulted in one of the largest drops seen for the pioneer cryptocurrency in the last two years, causing the market to lose billions of dollars. However, despite this downturn, the
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The Republican Party has made headlines by including Bitcoin and cryptocurrency in their official platform for the 2024 election, marking a significant shift in their stance towards digital assets and blockchain technology. This move reflects the influence of former President Trump and signals a broader trend within the party towards embracing the potential of cryptocurrencies.
Bitcoin’s price has been stagnant since its peak in March, with many analysts pointing to the impact of tight U.S. monetary policy on the cryptocurrency market. According to CryptoQuant analysts, the tightening of monetary policy in the U.S. since March 2022 has led to a reduction in stablecoin supply, which has directly affected Bitcoin’s ability
Meme coins have been gaining significant popularity in the cryptocurrency market, especially during the recent bull cycle. With the likes of Shiba Inu, Dogecoin, and Solana-based tokens making substantial gains, investors are now turning their attention to lesser-known meme coins that have the potential to perform well if Bitcoin reaches $100K. According to ChatGPT, two
The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has significantly stirred market anxiety. This amount, representing 0.68% of the total Bitcoin supply, is slated for distribution among the creditors of the exchange, which ceased operations in 2014 due to a major hacking event. The distribution process has already seen large
Bitwise, an asset management firm, has recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes following statements made by SEC Chair Gary Gensler regarding the potential approval of spot Ether ETFs
BitMEX, a derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with a unique opportunity to gain exposure to a selection of popular meme coins through a single contract. The MEMEMEXTUSDT Basket Index Perpetual Swap Contract, also referred to as the “S&P500
Samuel Edyme, also known by his intriguing nickname HIM-buktu, is a multi-talented individual with a diverse skill set. As a web3 content writer, journalist, and aspiring trader, Edyme has established himself as a prominent figure in the crypto space. Through his work with reputable platforms such as AMBCrypto, Blockchain.News, and Blockchain Reporter, he has showcased
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, including a lawsuit related to its NFTs. Recently, a US District Judge in Massachusetts made a ruling that denied DraftKings’ motion to dismiss a class action lawsuit concerning its NFTs. This particular decision has the potential to have widespread implications for how NFTs are
Ripple is leveraging a recent court ruling regarding Binance’s BNB token to push back against severe penalties imposed by the SEC for the sale of XRP, citing the lack of regulatory clarity in the crypto space. The company believes that the ruling on Binance’s case supports their stance that the alleged illegal sales of XRP