The price of Bitcoin, the most valuable cryptocurrency in the world, has doubled in 2023 and is now above $35,000 for the first time since May 2022. A flight to safety, bullish sentiment surrounding a Bitcoin exchange-traded fund (ETF), and short liquidations have all contributed to this amazing gain. AccordingContinue Reading
Beginning on October 16, 2023, JPMorgan’s UK-based digital bank, Chase, will prohibit users from purchasing cryptocurrencies. The bank justified the prohibition by citing worries regarding the widespread use of cryptocurrency fraud and scams in the UK. JPMorgan is not the first UK bank to restrict customers’ access to crypto. HSBCContinue Reading
Binance, the cryptocurrency’s largest centralised exchange by market valuation, has announced that it would cease operations in the Netherlands. This was revealed in a news release distributed over social media by the corporation. Binance indicated that existing Dutch resident customers would only be able to withdraw assets from the BinanceContinue Reading
The largest centralised cryptocurrency exchange in terms of market cap, Binance has stopped USD deposits. According to a Tweet by the official handle of the crypto exchange, it is revealed that their payments and banking partners have signalled their intent to pause USD fiat channels as early as June 13th,Continue Reading
The U.S. Securities and Exchange Commission filed a complaint against Coinbase (COIN), and the price of the tokens mentioned in it is currently in freefall. The SEC charged Coinbase with violating federal securities laws just one day after bringing a comparable action against Binance. The exchange’s stock decreased 20% inContinue Reading
As the Federal Open Market Committee (FOMC) prepared to announce new Consumer Price Index (CPI) statistics, there was a great deal of apprehension. The impact of these data on the NASDAQ, the dollar, international stocks, and the cryptocurrency market are all hotly anticipated and intriguing. The outcome of the dataContinue Reading
The cryptocurrency exchange Bittrex has filed for Chapter 11 bankruptcy, citing financial difficulties in recent months. In a statement released earlier today, Bittrex announced that it had made the decision to file for bankruptcy in order to protect its users and investors. The exchange, which has been in operation sinceContinue Reading
A crypto whitepaper is a document that outlines the technology, features, and functions of a new cryptocurrency. It is often the first point of contact between developers and investors, and it is an essential tool for anyone looking to understand the potential of a new cryptocurrency. The purpose of aContinue Reading
The Federal Open Market Committee (FOMC) Producer Price Index (PPI) is a closely watched economic indicator that measures the average changes in prices received by domestic producers for their output. The index is released monthly by the Bureau of Labor Statistics and is considered a key indicator of inflationary pressuresContinue Reading