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Will Bitcoin Reach Its New High by Mid-June?

Bitcoin (BTC) witnessed a notable momentum over the last month. The bull-bear confrontation made the price fluctuate within the $62,000-$70,000 range. Over the past 30 days, this largest cryptocurrency teased a short bullish rally to near its all-time high (ATH) facing several market obstacles.  At the time of writing, BTC

June 4, 2024 2 mins read

Michael Saylor and MicroStrategy Settles $40M Tax Fraud Case

Michael Saylor, a billionaire Bitcoin advocate and founder of software company MicroStrategy, and the District of Columbia have negotiated an unprecedented $40 million settlement. Claims of tax fraud led to the settlement. In addition, this settlement is the biggest recovery for income tax fraud in the history of the district.

June 3, 2024 2 mins read

Polygon Stablecoin Market Cap Surges to $1.5 Billion, Driven by Tether

The market value of Polygon’s stablecoin has increased dramatically within the past three months. A staggering $1.5 billion was the market cap of the Ethereum Layer 2 solution’s stablecoin, according to the most recent data from Messari. This represents a substantial 19% growth from the previous quarter. According to Messari’s

June 3, 2024 1 min read

Hong Kong Lists 11 Crypto Exchanges as Prospective for Licensing

The Securities & Futures Commission of Hong Kong released the list of crypto exchanges that applied for trading licenses in the country. In the list, the Securities Regulator specified eleven exchanges that are deemed to be approved for licenses in the coming days.  The list included leading exchanges Bullish, Crypto.com

June 1, 2024 2 mins read

DBS Amasses $650M Worth ETH: Leading Traditional Banks into Crypto?

DBS Bank, Singapore’s largest financial institution, has been identified as a major player in the cryptocurrency market, holding nearly $650 million in Ethereum (ETH), according to blockchain analytics firm Nansen. The bank’s ETH holdings amount to 173,700 ETH, highlighting its major involvement in the crypto space. DBS Bank, with assets

May 30, 2024 2 mins read

Trump Vows Cryptocurrency Support, Accepts Crypto for 2024 Presidential Campaign

The former US president and Republican candidate for president this year, Donald Trump, has once again shown his support for cryptocurrency. His ambitions to back crypto startups were disclosed in a post the former president made on Truth Social, his social media platform. For some time now, people have seen

May 26, 2024 1 min read

DWF Labs Deposits 3M TOKEN to Gate.io, What’s Their Strategy?

DWF Labs finds itself under the spotlight once again. Recently, the firm made headlines after depositing a substantial 3 million TOKEN ($322,000) onto the Gate.io platform just 15 hours ago. This move comes after DWF Labs received 120 million TOKEN from the Floki team back on November 1, 2023, when

May 18, 2024 2 mins read

FLOKI DAO Approves 15.25B Token Burn Proposal With 99.84% Positive Voting

After the FLOKI DAO approved a major token burn proposal, the meme coin FLOKI saw a large spike of around 6% today. The FLOKI community is filled with confidence due to this event and other recent large listings and exchange integrations, which might mean that FLOKI’s rising trend will likely

May 16, 2024 1 min read

India’s FIU Approves Binance and KuCoin as Registered Crypto Exchanges

Binance and KuCoin recently completed registering with India’s Financial Intelligence Unit (FIU), which is a major step forward for the country’s cryptocurrency sector. This is a major milestone on the road to legalization and compliance with Indian regulations. Importantly, KuCoin has quickly paid a substantial fine of $41,000, allowing it

May 10, 2024 2 mins read