The cryptocurrency market has been in a brief bearish turn over the past 24 hours. The assets have lost their momentum and began to slide down. Nonetheless, the current market volatility is unpredictable, with mixed signals. Solana (SOL), the fifth-largest cryptocurrency, has faced the downturn and lost over 0.10%. Over
November 2, 2024 2 mins read
The cryptocurrency exchange M2, regulated as a Multilateral Trading Facility (MTF) and Custodian by the Financial Services Regulatory Authority (FSRA) hacked, resulting in a loss of $13 million from its hot wallets. The exchange, M2 operates on Ethereum, Bitcoin, and Solana. The hackers targeted M2’s hot wallets connected to the
November 1, 2024 1 min read
The cryptocurrency market has faced a pullback over the past 24 hours, with its market cap plummeting by over3.60% to $2.33 trillion. The largest asset, Bitcoin, which traded above $72.5K, has slipped to $69K. The bearish sentiment affected all the major assets in the market. The dog-themed meme coin Shiba
November 1, 2024 2 mins read
Bitcoin’s October phase has ended with a 13% gain, triggering analysts to predict upward momentum in November. BTC enters a period of heightened anticipation, eyeing potential price movements. Despite that, the crypto market cap has reached $2.34 trillion, losing over 3.70%. The BTC price has slipped by 4% over the
November 1, 2024 2 mins read
In a recent letter, Jimmy Patronis, Florida’s CFO, requested that Bitcoin and other digital assets be considered part of the state’s pension fund. It addressed Chris Spencer, the Executive Director of the Florida State Board of Administration. Moreover, the letter emphasized Florida’s position as a leader in economic growth, persuading
October 30, 2024 2 mins read
Crypto.com has significantly grown digital asset trading in 2024, surpassing Coinbase Global Inc. in trading volumes across North America. The firm recorded a monthly spot trading volume of $134 billion in September. This marks a significant surge from $34 billion in July, nearly a fourfold rise in two months. Collectively,
October 29, 2024 1 min read
Despite the negative turns over the past few days, the broader crypto market has experienced a strong bullish recovery in the past few hours. Bitcoin has pushed certain altcoins up along with its $71K breakout. However, the price of Cardano (ADA) exhibits a notable 2.42% spike over the day. Analysts
October 29, 2024 2 mins read
As November prepares to make its entrance, the crypto market breaks and recovers from the bearish pressure. The trading day opened with the market exhibiting a 4.68% surge in market cap, reaching $2.4 trillion over the last day. Notably, the largest cryptocurrency, Bitcoin, has broken above $71K. The largest altcoin,
October 29, 2024 2 mins read
The co-founder of MicroStrategy, Michael Saylor has transformed the firm’s financial approach by making Bitcoin at the core of its asset strategy. Saylor turned to Bitcoin, describing it as the “digital gold.” In August 2020, MicroStrategy made its first Bitcoin purchase, acquiring 21,454 Bitcoin for $250 million, citing the potential
October 28, 2024 2 mins read
As the cryptocurrency market begins to signal recovery, it anticipates the next incoming bull run. Eventually, the market attention has turned toward meme coins like Floki, Shiba Inu, and Pepe. Some crypto analysts suggest the assets could surpass Dogecoin’s dominance. With a notable 16% decline in the last 24 hours,
October 28, 2024 3 mins read
