cryptocurrency

Bitcoin achieved a fresh all-time high (ATH) this Wednesday, reaching $93,374. After a slight pause on Tuesday, Bitcoin’s price surged, positioning it just steps away from the historic $100,000 mark. According to CoinMarketCap, this latest high was recorded as of the article’s publication time. Following an intense session on Monday, some analysts anticipated a potential…

In a major shift in U.S. politics and financial markets, Fox News has projected that Donald Trump has won the U.S. presidential election, securing 277 electoral votes—enough to bring him back to the White House as the country’s 47th president. Alongside his projected victory, Trump has achieved significant support, securing control of the Senate. This…

The CHIPS Act: Strategic Re-shoring of Semiconductor Production The CHIPS Act represents the Biden administration’s flagship reform aimed at restoring semiconductor manufacturing to U.S. soil, backed by $39 billion in federal grants and subsidies, in addition to billions more for loans and R&D. Major players such as Intel, TSMC, Samsung, and Micron have qualified for…

VanEck’s Bitcoin Projection: $3 Million in Sight by 2050 Matthew Sigel, the digital assets research lead at VanEck, has issued a groundbreaking projection for Bitcoin’s future. In an interview with CNBC, Sigel shared that VanEck’s predictive model suggests Bitcoin might soar to $3 million by 2050, provided it solidifies its position as a global reserve…

With just over two weeks remaining until the U.S. presidential election, the race between Vice President Kamala Harris and former President Donald Trump is neck-and-neck across seven crucial swing states, according to a survey by The Washington Post. Harris holds a narrow lead in Georgia with 51% compared to Trump’s 47%. Meanwhile, Trump is slightly…

Cryptocurrency investors seem increasingly confident that Donald Trump, the Republican candidate, will win the upcoming U.S. presidential election in November. According to a recent Bloomberg analysis, Bitcoin’s bullish trend appears closely tied to political expectations among investors. Despite a brief pullback, Bitcoin (BTC) has posted a significant 12% gain over the past week, as reported…

The cryptocurrency market kicked off the week on a positive note, with a strong rally in the price of major tokens. However, the Bitcoin surge was not as favorable for traders, particularly those who had opened short positions. In the last 24 hours, short-sellers have incurred losses amounting to $143.13 million. Overall, the market saw…

In the United Arab Emirates (UAE), cryptocurrency transfers and conversions are now exempt from VAT, marking a significant move toward embracing digital assets. The UAE Federal Tax Authority (FTA) recently announced amendments to its regulations under Cabinet Decision No. (100) of 2024. Notably, the law update is applied retroactively, covering activities from January 1, 2018.…

As another week closes in the volatile world of cryptocurrencies, Bitcoin has managed to maintain its position above $60,000 despite fluctuations. In this analysis, we provide a comprehensive overview of the most critical developments in the Bitcoin mining industry over the past week. The mining business has seen several noteworthy developments. One key trend is…

The world of cryptocurrencies is ever-evolving, and each week brings significant changes that reshape the financial landscape. In this weekly roundup, we cover the hottest crypto stories that are setting the tone for the future of digital finance. One of the biggest news this week is the release of Changpeng Zhao, the founder of Binance,…