#CryptoNews

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…

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…

This Friday, the US employment data for September was released, and it brought great news for equity investors. The job gains in the month far exceeded expectations, which in turn triggered a rise in Bitcoin during the early hours of the trading day. In September, non-farm payrolls saw a total increase of 254,000 jobs, a…

The United Kingdom has registered its first-ever conviction for the illegal operation of cryptocurrency ATMs. The individual responsible, Olumide Osunkoya, pleaded guilty on Monday to running an unregistered network of cryptocurrency ATMs across the country, processing millions in transactions despite being denied registration by the UK’s Financial Conduct Authority (FCA) in 2021. The FCA revealed…

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,…

From November 2024, cryptocurrency exchanges in Australia will be required to obtain financial services licenses, according to new regulations announced by the Australian Securities and Investments Commission (ASIC). Alan Kirkland, an ASIC commissioner, revealed details of the initiative at the AFR Crypto and Digital Assets Summit in Sydney, emphasizing the need for stricter oversight of…

When people mention that all Bitcoins will be mined by 2140, a crucial fact is often overlooked: most BTC has already been extracted. As pointed out by the X account HODL15Capital, 94.08% of all BTC has already been mined, leaving just 5.91% yet to be issued. “Only 5.91% of BTC remains,” the account stated, alongside…

Donald Trump has revealed his ambitious plan to launch “World Freedom Financial,” a decentralized finance (DeFi) protocol, set to debut on Monday, September 16, at 8:00 PM ET. In a Twitter Spaces event, Trump shared more insights into this next step in his post-presidency ventures, aiming to revolutionize the financial world. A Bold Shift in…

The Bitcoin market is ever-evolving, and staying informed is the best way to navigate this dynamic environment. With changes happening frequently, the most valuable resource for traders and investors is information. The more up-to-date you are, the better your decisions and the stronger your financial position will be. Kiyosaki on Bitcoin: “Ditch the Dollar, Invest…

The crypto revolution is here! Coinbase has just made a significant move by introducing a brand new Bitcoin token. This San Francisco-based cryptocurrency platform has launched Coinbase Wrapped Bitcoin (cbBTC), opening the doors to decentralized finance (DeFi) applications on Ethereum and Base using Bitcoin (BTC). Coinbase first teased the release of cbBTC on August 14,…