The global trading event, with a “unprecedented prize pool” of millions in USDT, was launched on Friday, according to cryptocurrency exchange BTCC. With cryptocurrency licenses in the US, Canada, and Europe, BTCC is one of the industry’s pioneering exchanges, having been founded in June 2011. The exchange’s most recent advertisement highlights its goal of improving … Read more
According to well-known Bitcoin advocate Michael Saylor, Ethereum is a security. Recently, the long-running argument over whether Ethereum is a security or a commodity was taken to court. Ethereum development company Consensys recently declared in the case it filed against the SEC that ETH is not a security, despite the SEC’s statements to the contrary. … Read more
The current dip in Bitcoin BTC bears some parallels to the cryptocurrency’s behavior following the debut of the US ETF in January. A trader has indicated that this could indicate an upsurge in the “next week or so.” Exchange-traded funds (ETFs) for spot bitcoin were introduced in Hong Kong on April 30 and have since … Read more
Following many days of precipitous declines, the price of bitcoin had a roughly two-fold boost following the Federal Reserve’s decision not to raise interest rates, but it promptly declined again. Today, the cryptocurrencies are in much better form because to several noteworthy gains made by projects like PEPE, Ripple, Polkadot, ICP, and Solana. The Volatility … Read more
The CEO of Patricia, Nigeria’s first local cryptocurrency exchange, Fejiro Hanu, has refuted reports that the company is closing, branding them as a clickbait media stunt. He confirmed that there is continuing communication. Hanu vented his displeasure on X, saying that even though she gave interviews and shared material with media outlets, they still twisted … Read more
On Wednesday, investors sold out U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest rate possible, despite Jerome Powell, the head of the Federal Reserve (Fed), discounting the likelihood of a rate hike. According to data sources Farside Investors and CoinGlass, the 11 ETFs had a collective net outflow of $563.7 million, the biggest … Read more
A large number of organizations and private investors have made digital asset purchases recently, which has helped the bitcoin market grow impressively. As a result, there is a greater demand for trustworthy and efficient cryptocurrency exchange platforms, since investors are constantly looking to diversify their holdings. Platforms for exchanging different cryptocurrencies safely and promptly have … Read more
The value of the dog-themed cryptocurrency Shiba Inu (SHIB) has dropped significantly during the past day, losing almost 15% of its value. As of this writing, SHIB has pared back some of its intraday losses and was down 10.36% to $0.00002097 over the previous day. The SHIB price decline may have been sparked by the … Read more
The cryptocurrency market is once more beginning the month of May on a negative note, with traders sitting on enormous capital losses following the excessively pessimistic April. According to data from market monitor Coinglass, 141,808 cryptocurrency dealers saw liquidation in the previous day. Over $479 million has been lost by these traders on their investments … Read more
Hong Kong issuers of exchange-traded funds are unconcerned about the US crackdown on cryptocurrencies leading regulators to label Ether ETH as a security. Zhu Haokang, the head of digital asset management firm China Asset Management, and Wayne Huang, the head of custody firm OSL Digital Securities, addressed questions about the new institutional investment products at … Read more