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 recent weeks, Cardano (ADA) has unfurled a remarkable performance trajectory, positioning itself as a focal point within the cryptocurrency landscape. With its market rank now sitting at ninth, ADA has shown an impressive 108% appreciation over a mere fortnight—a surge that reflects not just market sentiment but also strategic maneuvers by influential holders. Particularly
In recent days, Bitcoin has engaged in a fascinating dance, fluctuating just below the emotional threshold of $100,000. Following a vigorous climb in its valuation, the asset is experiencing a respite, prompting questions about its long-term trajectory. Despite a noticeable cooling in price, investor sentiment remains resilient, suggesting stability amid uncertainty. The current price of
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
The cryptocurrency market is once again buzzing with excitement as analysts draw parallels between current price trends for Ethereum (ETH) and the meteoric rise witnessed in 2017. The concept of technical patterns in trading provides valuable insights into potential future movements, and Ethereum’s recent behavior has caught the attention of experts. Particularly, the emergence of
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
In a significant development within the financial sector, Charles Schwab, a prominent asset management firm, may soon navigate the waters of the crypto exchange-traded fund (ETF) market. The company’s incoming CEO, Rick Wurster, recently hinted at this potential shift during an interview with Bloomberg. He indicated that Schwab is poised to launch spot digital currency
As the United States approaches a pivotal change in leadership with the impending return of Donald Trump to the presidency, the Blockchain Association has articulated the urgent needs of the cryptocurrency and blockchain sectors. In a recent letter to Trump and Congress, Kristin Smith, CEO of the Blockchain Association, presents a compelling case for a