The crypto market’s prolonged battle to break the bearish pressure continues, with certain signs of recovery from recent downturns. It drove the overall market cap to $2.29 trillion, spiked over 2.20% in the past 24 hours. The leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have gained over 2%. Amid this,
October 15, 2024 2 mins read
The overall crypto market is currently striving to get its bullish hold after a brief downturn. The market cap has spiked over 2.40% to $2.25 trillion and trading volume has surged by 45.73%. Recently, the potential rise of meme coins observed in the market has gained attention within the market.
October 14, 2024 2 mins read
The cryptocurrency market is attempting to recover from the downside trajectory. Overall market cap has reached $2.24 trillion within the past 24 hours. The recent price momentum of Bitcoin (BTC) suggests the brief possibility of further gains. After dipping below the major support levels, BTC has moderately rebounded in the
October 14, 2024 2 mins read
A crypto whale recently fell victim to a phishing scam, losing nearly 15,079 Few Wrapped Duo ETH (fwDETH), worth $35 million on the Blast network. The attack occurred after the victim signed unknowingly a fraudulent “permit” signature, which allowed the attacker to drain funds from the wallet. The targeted whale
October 11, 2024 1 min read
The altcoin market has shown mixed signals from the start of the week. Ethereum (ETH), the largest altcoin, is grappling to sustain itself in the $2.5K mark. The asset’s price has been caught between the key support and resistance levels. Notably, ETH witnessed several price dips in the past few
October 11, 2024 2 mins read
Bitnomial, a Chicago-based cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The filing challenged the assertion of the SEC that XRP futures should be classified as “Security Futures.” Bitnomial’s lawsuit is the second case filed against the SEC this week. Crypto.com, a digital
October 11, 2024 2 mins read
South Korea’s Financial Services Commission (FSC) is reconsidering the possibility of lifting its long-term ban on spot exchange-traded funds (ETFs). It further allows institutional accounts on local crypto exchanges. The Virtual Asset Committee will evaluate approving the virtual asset spot ETFs and allowing the corporate virtual asset accounts. Since 2018,
October 10, 2024 1 min read
The hedge funds have focused on traditional asset classes and have exposure to the cryptocurrency market. Approximately 50% of the hedge funds have allocated capital to digital assets, marking an increase compared to previous years. Reportedly, 47% of the hedge funds invested in traditional asset classes have ventured into cryptocurrencies
October 10, 2024 2 mins read
The United States Federal Bureau of Investigation (FBI) created its own cryptocurrency, “NexFundAI,” operated on the Ethereum blockchain. The FBI initiated the token to capture the attention of market manipulators and illicit activities in the cryptocurrency market. Besides, the federal prosecutors in Boston announced charges against eighteen individuals and entities
October 10, 2024 1 min read
Taiwan’s Financial Supervisory Commission (FSC) plans to trail the custody services of open digital assets. Three domestic banks have taken the initiative to participate in the trial program, which is set to kick off in the first quarter of 2025. These banks are expected to provide storage solutions for the
October 9, 2024 1 min read
