The altcoins have capitalised on the recent bullish momentum while bitcoin price witnessed a brief correction. The Ethereum price has reached its highest point in over 18 months. It wasn’t until early May 2022 that ETH traded above this level. Cryptocurrencies are a new danger to the US, according to
December 8, 2023 1 min read
Chainwire, a blockchain PR distribution service, has teamed up with Tokensoft, a digital asset and compliance platform. Through the arrangement, the Tokensoft ecosystem will have access to Chainwire’s world-class PR platform, enabling it to engage with cryptocurrency communities worldwide. Leading cryptocurrency ecosystems including Avalanche, The Graph, Connext Network, and Arbitrum
December 8, 2023 2 mins read
European financial behemoth Societe Generale, the third-largest bank in France, has introduced its own euro-pegged stablecoin. According to the Financial Times, the EUR CoinVertible (EURCV) stablecoin will make its debut on the Bitstamp cryptocurrency exchange. Bank clients will be able to invest in the digital asset market with EURCV since
December 6, 2023 1 min read
In an effort to expand its user base, cryptocurrency exchange Coinbase has introduced a new feature to its wallet that enables the transfer of cryptocurrency using a link that can be shared through many popular messaging applications and social media platforms. Coinbase said in a blog post on December 5
December 6, 2023 2 mins read
Spot Bitcoin ETF applicants are still on high alert as of Monday night, when BlackRock and Bitwise filed a new ETF S1 prospectus. This change occurred during the week’s strong start, when the price of Bitcoin surged beyond $42,000. Bloomberg ETF Strategist James Seyffart recently updated his readers on the
December 5, 2023 2 mins read
Bybit released a research report that highlighted the strategic movements made by institutional investors and provided insight into their asset allocation interests. The research emphasizes a notable change in asset allocation, particularly within the Bitcoin and Ethereum domains, with an emphasis on the evolving market attitudes of institutional investors. Institutional
December 4, 2023 2 mins read
On December 4th, South Korean financial authorities issued an update requesting that consumers disclose any unauthorized cryptocurrency exchanges providing services to customers inside the area. The endeavor was a joint effort by the South Korean Financial Intelligence Unit (FIU) and the Digital Asset Exchange Association (DAXA). Upbit, Bithumb, Coinone, Korbit,
December 4, 2023 1 min read
Nayib Bukele, the president of El Salvador, has resigned from office to run for office again. He was the driving force behind the bill that made Bitcoin legal money in El Salvador. After receiving the green light from El Salvador’s legislative assembly, Bukele stepped down as president on December 1st.
December 2, 2023 1 min read
Tiger Global, an investment business, allegedly liquidated stakes in well-known NFT initiatives such as the Bored Ape Yacht Club (BAYC) collection and the prominent NFT marketplace OpenSea. The investment firm reportedly reduced its holdings in BAYC by 69% and OpenSea by 94%, according to anonymous sources cited by Bloomberg. The
December 1, 2023 2 mins read
Beginning the month of December on a positive note, the price of Bitcoin (BTC) soared beyond $38,500 and is closing in on the $39,000 mark. Once again, Bitcoin showed extraordinary endurance, recovering most of the losses sustained in the catastrophic 2022 market meltdown. As of late, it has eclipsed $38,500,
December 1, 2023 2 mins read