With the impending shift in the U.S. administration, significant changes are slated within the American financial landscape, particularly regarding digital assets and cryptocurrencies. Howard Lutnick, who has been nominated as the Commerce Secretary under President-elect Donald Trump, is at the forefront of these developments—orchestrating a bold $2 billion initiative aimed at transforming how Bitcoin is
Crypto
In the wake of Donald Trump’s surprising victory in the recent US elections, the cryptocurrency landscape has experienced an unprecedented bullish phase. Bitcoin, the leading digital asset, has seen its value soar dramatically, climbing from approximately $70,000 to a staggering peak of over $99,800 within a few short weeks. This meteoric rise has invigorated the
In a bid to continually enhance its service offerings, Binance, the world’s leading cryptocurrency exchange, has announced the introduction of new monthly options and trading pairs. Set to launch on November 26, the new options will allow traders to speculate on Solana (SOL) and Binance Coin (BNB) prices against Tether (USDT), limited to a fixed
The crypto markets have witnessed a remarkable surge over the last few days, igniting discussions around the sustainability of this bullish trend. However, the beginning of the week has seen most digital currencies undergoing a correction, bringing a sense of caution among investors and analysts alike. This recent cooling off may be the result of
The intersection of social media and cryptocurrency continues to evolve, and the latest development involves Truth Social, the social media platform backed by former U.S. President Donald Trump. Recently, the Trump Media and Technology Group (TMTG) has taken notable steps to diversify its offerings with the announcement of a planned digital currency payment service under
In a revealing and troubling case of corporate misconduct, BIT Mining has recently reached a settlement with U.S. authorities, agreeing to pay a staggering $10 million in penalties. This substantial fine stems from allegations of bribery involving Japanese officials, with the intention of securing important permits for a resort project. The case shines a light
Bitcoin, often celebrated as the pioneer of cryptocurrency, recently soared to impressive heights, tantalizing investors with the prospect of breaking the $100,000 milestone. However, just as fervently, the market shifted, demonstrating the inherent volatility that characterizes this digital asset. After hitting a peak of nearly $99,800, Bitcoin experienced a dramatic correction, retracting over $4,000 by
In the lead-up to the US elections on November 5th, Bitcoin has shown remarkable resilience and an impressive uptick, trading over 40% higher than its historical averages. This surge has garnered the attention of financial analysts and investors alike, especially in light of the promises made by the Trump campaign, which emphasizes a favorable regulatory
In a notable turn of events, Bitcoin recently approached the critical $100,000 mark, only to experience a minor dip, settling at approximately $98,000. This week commenced with Bitcoin trading around $90,000, exhibiting a strong upward momentum that propelled it past its previous peak of $93,800. The catalyst for this bullish movement was the substantial inflow
In the last trading week, Bitcoin exchange-traded funds (ETFs) in the United States have experienced an extraordinary surge in net inflows, marking a significant moment for cryptocurrency investors. Across multiple days, Bitcoin ETFs attracted billions, demonstrating an impressive resilience and strength that stands in stark contrast to the declining fortunes of Ethereum counterparts. Following the