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As the global cryptocurrency market continues to evolve, recent developments have sparked optimism in the crypto market. Bitcoin (BTC) has bounced and maintained its position above $66,000 despite the ripple effects of the Mt. Gox Bitcoin selloff. Meanwhile, broader market sentiment has turned positive with the anticipated resolution of the
July 31, 2024 2 mins read
Mt. Gox has taken significant steps to resolve the aftermath of its infamous 2014 hack. In the past 6 hours, the defunct crypto exchange has moved a substantial amount of Bitcoin, signaling the final phases of creditor repayments. According to the blockchain analytics firm Arkham Intelligence, the exchange transferred 33,964
July 31, 2024 2 mins read
In a dramatic turn of events for the Compound protocol, the price of its native token, COMP, has plummeted over 6%. This decline follows allegations of a governance attack that has thrown the Decentralized Autonomous Organization (DAO) that runs Compound into a mess. A governance attack is a malicious attempt
July 29, 2024 2 mins read
After Bitcoin’s month-long consolidation, this week turned positive for the global cryptocurrency market with a series of pivotal events and announcements. Bitcoin has shown a strong bounce, trading nearly 15% higher on the monthly chart and nearing the $70,000 zone. This upward movement follows the Bitcoin conference over the weekend,
July 29, 2024 3 mins read
Amidst the market upturn, the leading altcoin Aave (AAVE), has emerged as a leading performer, climbing over 21% in the last 24 hours and topping the gainers’ list. According to CoinMarketCap, the token’s price surged over $103 from its low of $85. The price of AAVE soared due to a
July 26, 2024 2 mins read
As global crypto markets react to Bitcoin’s price surge and Ethereum ETF news, Solana (SOL) has come into the spotlight, with its price climbing to the $180 zone. The latest buzz centers around the potential filing for a Solana ETF by Franklin Templeton, a prominent global asset management firm known
July 26, 2024 2 mins read
Jersey City Mayor Steven Fulop has announced a plan to allocate a portion of the city’s pension fund to Bitcoin exchange-traded funds (ETFs). This move revealed in a social media post on July 25, signals a significant shift in the city’s financial strategy for including cryptocurrencies. Currently, the Jersey City
July 26, 2024 2 mins read
XRP is currently exiting the downward correction and holding steady above the $0.60 zone as market participants eagerly await a pivotal meeting between Ripple and the U.S. Securities and Exchange Commission (SEC). The cryptocurrency experienced a notable ascent over the past week, forming a bullish ascending triangle pattern and peaking
July 25, 2024 2 mins read
Economic Affairs Secretary Ajay Seth revealed that India will release a discussion paper on its cryptocurrency policy before September. This document seeks stakeholder feedback and will outline potential regulatory frameworks beyond the current focus on anti-money laundering (AML) and counter-terrorism financing (CTF) standards. According to the local news outlet, this
July 25, 2024 1 min read
Senator Cynthia Lummis of Wyoming is reportedly preparing to unveil groundbreaking legislation at the upcoming Bitcoin 2024 conference in Nashville, aiming to elevate Bitcoin to a strategic reserve asset on par with gold. This move could change U.S. monetary policy and significantly elevate Bitcoin’s status in the financial landscape. The
July 25, 2024 2 mins read