In this category of NewsCrypto, you will find news covering the whole cryptocurrency market and delivering the most recent developments in the industry. The market news section is constantly updated by a team of writers worldwide, who work tirelessly to bring you the most up-to-date information. Investors, standard readers, and financial lovers worldwide may find the most up-to-date information about the cryptocurrency and blockchain industry in the market news area. The website focuses on providing readers with unbiased information on current crypto market movements.
The crypto lending behemoth Genesis Global, which had previously declared bankruptcy, has reportedly transferred $1.5 billion to repay creditors. Noting that the transferred money is held in Bitcoin (BTC) and Ethereum (ETH), the crypto data analytics portal Arkham Intelligence revealed the update. Genesis Global was badly affected by the FTX
US-based Software intelligence firm, Microstrategy released its Q2 reports in the last 24 hours. The firm is one of the key players in the cryptocurrency sector and has drawn attention in the past few weeks. Its current Bitcoin holdings stand at 226,500 worth approximately $14 billion. Notably, the company purchased
Terraform Labs’ co-founder, Do Kwon, is about to be extradited to South Korea. A chain reaction of court disputes and opposing extradition demands from the US and South Korea led to this latest turn of events. Now that the Montenegro Appellate Court has given its verdict, Kwon may go back
A 25-basis-point reduction in interest rates from 5.25% to 5.0% has been announced by the Bank of England, marking a watershed event. The decision follows expectations, and the British central bank reportedly pulled off this U-turn with a razor-thin majority. With this move, the wheels are in motion for more
The cryptocurrency sector in South Korea encountered a revised version of the FSC’s Virtual Asset User Protection Act. This revised version included a charge of supervisory fees for leading crypto exchanges such as Upbit, Bithumb, Coinone and GOPAX. The exchanges are required to pay a regulatory fee of 300 million
The United States announced the Fed rate has kept steady at 5.25%–5.50% on Wednesday. Federal Reserve Chair, Jerome Powell, signals a rate cut during the September meeting. This could happen if economic data continues at the proper pace. The Powell-led panel ended its fifth policy-setting meeting for 2024 on July
Layer3, a token distribution protocol, has experienced a notable drop in market sentiment, with its native token L3 declining by 13% in the past 24 hours and trading volume falling by 36%. Despite this downturn, Layer3 has recently announced a strategic partnership with Immutable, which praised the protocol as “trusted
New regulations in Europe regarding digital assets and a jump in market inflows caused Circle’s stablecoin trading volume to skyrocket in July. As of July 25, the market cap of USD Coin (USDC) increased 5.4% to $33.6 billion. While the trading volume for USDC pairings on centralized exchanges hit $135
The Bahamas’ Securities Commission has made historic progress in crypto regulation by adopting a new law. The newly enacted DARE (Digital Assets and Registered Exchanges) Act 2024 was formally adopted today by the regulatory authority. While this trend has gone viral throughout the world, the Bahamas is firmly establishing itself
The worldwide presence of Worldcoin is growing steadily. Notable for its one-of-a-kind “orb” verification mechanism, the project has recently declared a major step forward in its European activities by expanding into Austria. As part of its continuing efforts to build a broad, decentralized identity verification network across Europe and beyond,
