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Bitcoin
Sky-High Surges to Staggering Losses — Unpacking the Crypto Market’s 300-Day Journey
Year-to-date, the dynamic landscape of crypto data reveals a 106% surge in bitcoin (BTC) value against the U.S. dollar. However, it’s noteworthy that it does not clinch the title of the top performer in this period. A closer look at…
From Airbnb to Bahamas Elite — Bankman-Fried Testifies About FTX’s Operations and Alameda
Sam Bankman-Fried took the stand in his fraud trial on Friday, October 27, 2023, and was questioned by his lawyer about the operations of FTX and its relationship with affiliated crypto trading firm Alameda Research.
Sam…
FDUSD’s Meteoric Rise: 62% Surge in Supply and 6th Highest Trading Volume Globally
In the span of the past 85 days, the recently introduced stablecoin known as FDUSD has witnessed a significant surge in its circulating supply, soaring by 62% since the commencement of August. This surge in supply has propelled FDUSD into…
Bitcoin Miners Brace for 4th Consecutive Difficulty Rise Amidst Hashrate Surge
Despite facing a formidable difficulty level of 61.03 trillion, bitcoin miners are gearing up for their fourth consecutive difficulty rise set to unfold on October 30, 2023. Surprisingly, the previous three surges in difficulty failed to…
Biggest Movers: LINK Nears 18-Month High on Saturday, as Bulls Extend Momentum
Chainlink moved towards an 18-month high to start the weekend, following a second day of bullish momentum. The cryptocurrency rose by as much as 7% in today’s session, despite the global market cap mostly consolidating on Saturday.…
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Recent Declines to Start the Weekend
Bitcoin started the weekend tracking around the $34,000 level, as prices rebounded following a two-day winless run. The cryptocurrency has begun to consolidate in recent days, following strong gains earlier in the week. Ethereum moved back…
Binance Appoints New Regional Head for Eastern Europe and Central Asia
Binance’s General Manager for Central and Eastern Europe, Kyrylo Khomiakov, will take responsibility for Central Asia as well. His promotion comes after the crypto exchange’s top executives in the region left the company last month, part of…
US Lawmakers Ask DOJ to Consider Criminal Charges Against Binance and Tether
Two U.S. lawmakers have asked the U.S. Department of Justice (DOJ) to consider criminal charges against Binance and Tether, alleging that the two crypto platforms were used to fund Hamas. “We urge the Department of Justice to carefully…
New Law Expands Police Powers to Seize Crypto in UK
A new law that gives law enforcement agencies greater powers to seize, freeze, and recover crypto assets has entered into force in the U.K. The law introduces provisions for police to “seize crypto assets more easily and convert them…
SEC Considering 8-10 Spot Bitcoin ETF Applications, Says Chair Gary Gensler
The U.S. Securities and Exchange Commission (SEC) is currently considering between eight and 10 bitcoin exchange-traded fund (ETF) applications, according to SEC Chairman Gary Gensler. He insisted that “the vast majority of crypto…