The cryptocurrency market has seen a remarkable week of trading, with Bitcoin leading the way in a positive trend. Bitcoin saw significant gains, exceeding $6,000 and reaching a high price of over $67,000 – its highest level in almost a month. This surge in Bitcoin’s price also had a positive impact on altcoins, with many
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Recently, the Chinese police forces unveiled a major underground banking operation that utilized the popular stablecoin Tether (USDT) to facilitate transactions totaling 13.8 billion yuan ($1.9 billion). This illegal operation was discovered by the Public Security Bureau of Chengdu Municipal, leading to the arrest of 193 suspects and the freezing of 149 million yuan ($20.6
One of the key factors in the potential flip of market capitalization between Dogecoin and Ripple is the presence of Elon Musk. Dogecoin has benefited greatly from Musk’s endorsements and tweets, leading to a significant increase in its value over the years. Ripple, on the other hand, lacks a figure of Musk’s stature to champion
Cryptocurrencies and artificial intelligence (AI) have been making waves in the financial industry, with exponential growth potential and technological advancements driving the market forward. According to recent predictions from ChatGPT, two AI-related cryptocurrencies are poised to emerge as top performers in the coming year. This article delves into the specifics of these predictions and explores
The Donald Trump-themed meme coin Doland Tremp (TREMP) saw a significant surge, reaching a new all-time high following positive news about the billionaire’s presidential campaign. The former political leader has adjusted his stance on digital assets, presenting himself as the candidate of choice for pro-crypto voters. The cryptocurrency market as a whole displayed a positive
After more than 19 months since Ethereum’s Merge upgrade, it is evident that Ether (ETH) is not able to keep up with Bitcoin (BTC). The ETH/BTC price ratio hit a three-year low at 0.044, marking a significant decrease in market dominance for Ether since May of 2021. This trend has been disheartening for many Ethereum
Bitcoin has been experiencing stagnant trading over the past few months, lacking significant upward or downward movements. This is unusual compared to previous cycles where the cryptocurrency saw substantial growth during times of ample liquidity and high investor risk appetite. However, despite a slight rise in global liquidity benefiting Bitcoin, market expectations for interest rate
On May 13, Hong Kong witnessed a substantial outflow of $39.3 million from its spot Bitcoin and Ethereum ETFs, marking the highest total outflow since their launch on the Hong Kong Stock Exchange earlier in the month. Notably, Spot Bitcoin funds from Bosera, China Asset Management, and Harvest collectively lost $32.7 million, while Ethereum funds
The popular blockchain payment processor, CoinGate, has recently added Shiba Inu as a payment method, further expanding its list of supported cryptocurrencies. This integration with Polygon and Binance Smart Chain has opened up new opportunities for businesses and users to engage with the meme coin. CoinGate, a renowned blockchain payment processor based in Lithuania, has
Bitcoin’s price has been struggling to regain its upward momentum after a sharp drop from the $75K level. Despite this, there are signs that a new bullish wave could be on the horizon. On the daily chart, BTC has been moving within a descending channel, forming lower highs and lows. While this may indicate a
In a recent earnings report, the popular millennial trading platform, Robinhood, exceeded analyst expectations with record revenues totaling $618 million in the first quarter, representing a 40% year-over-year increase. Notably, revenue from cryptocurrencies also saw a significant surge of 232% to $126 million. The firm attributed much of this growth to the increase in transaction-based
Polkadot has recently made significant strides in enhancing its network performance, particularly with regards to transaction processing speed and capacity. One of the major advancements is the implementation of Asynchronous Backing on the network, which has optimized how parachain blocks are validated by the Relay Chain. This improvement has resulted in blocks being produced twice
The recent abduction of a 55-year-old crypto investor in Hong Kong has raised concerns about the rising number of crypto-related crimes in the city. The victim was attacked by four men with a stun gun while riding in a car with her husband. The suspects, who are still at large, reportedly abducted the woman in
The upcoming U.S. presidential election in 2024 is set to be heavily influenced by the topic of cryptocurrency. A recent survey conducted by the Digital Currency Group (DCG) revealed that one in five registered voters consider crypto to be a significant issue in the election. Surprisingly, 40% of voters expressed a desire for candidates to
