In a striking turn of events, Bitcoin’s value ascended past the remarkable threshold of $63,000, peaking at approximately $63,400. Despite a slight correction leading to a current trading price of around $62,700, this still marks an impressive increase of 4% within a mere 24-hour span. Notably, Bitcoin has outshined other leading cryptocurrencies, which are mainly
Crypto
The landscape of cryptocurrency has recently experienced a significant transformation, primarily fueled by the impressive growth of stablecoins. As of October 2023, major USD-backed stablecoins have reached a total market capitalization of $169 billion—an increase of 31%, or $40 billion, since the start of the year. This surge indicates not only a growing acceptance of
In a strategic move, Binance, the world’s leading cryptocurrency exchange, has introduced new trading bot services to enhance user engagement and functionality. This decision, which was made public on October 11, marks a significant addition to their Spot trading offerings, specifically targeting three trading pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY. However, the exchange has also taken
The legal battle between the Nigerian Securities and Exchange Commission (SEC) and Binance, the prominent cryptocurrency exchange, marks a significant chapter in the intersection of finance and regulation in Nigeria. Since February, Tigran Gambaryan, Binance’s head of financial crime compliance, has been entangled in legal challenges that underscore the complexities of regulating international financial entities.
In recent weeks, the meme coin Shiba Inu (SHIB) has faced considerable market challenges, with a notable 13% drop in its value over the last two weeks. As per data from CoinGecko, despite a brief recovery from yesterday’s peak, SHIB remains in the negative territory, highlighting a concerning trend for investors and enthusiasts alike. This
On October 11, a significant number of Bitcoin options contracts, totaling approximately 18,800, are set to expire, representing a notional value around $1.1 billion. This expiry echoes the scenario witnessed in the preceding week, characterized by diminishing implied volatility and a contraction in the scale of these expiry events. The implication is that the upcoming
In August 2024, a significant data breach at Fidelity Investments, a leading global asset management firm, raised alarms by jeopardizing the personal information of over 77,000 clients. Occurring between August 17 and August 19, the breach allowed an unauthorized third party to access sensitive information linked to two accounts. This discovery highlighted vulnerabilities in data
In the dynamic realm of digital finance, the emergence of robust custody solutions is critical to safeguarding digital assets. Recently, Ripple, a leading player in the blockchain sector and creator of XRP, announced exciting enhancements to its custody service, Ripple Custody. This development represents a significant step toward bolstering the security framework surrounding cryptocurrency and
As we delve into the world of Bitcoin trading, recent price movements have highlighted a troubling shift in market sentiment. The once-beloved cryptocurrency, which briefly surpassed the $66K mark, has hit a stumbling block, causing a cascade of reactions among investors and analysts alike. The critical test of Bitcoin’s price levels reveals important trends, signaling
October has historically been a month of optimism for Bitcoin (BTC) and the broader cryptocurrency market, often dubbed “Uptober.” However, this year has not mirrored that uplifting sentiment; BTC has encountered pronounced volatility that has led to a notable dip in its price. As of now, Bitcoin hovers just below $61,000, reflecting a 5% decrease