The cryptocurrency market has entered a prolonged consolidation phase over the past week. With experts and analysts confirming a bear market entry, hopes are diminishing for investors. The largest cryptocurrency, Bitcoin has receded to trading at the border of $82,000-$83,000. This price drop can be seen reflected in the altsector
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Metaplanet Inc. is now going bullish on Bitcoin. The Japanese company recently acquired another 150 BTC worth $12.5 million at an average price of $83,508. This latest purchase totaled its Bitcoin holdings to 3,200 BTC. The company aims to reach 10,000 BTC by year-end. Metaplanet CEO Simon Gerovich emphasized the
Cumberland SG Pte. Ltd., the Asian arm of U.S.-based cryptocurrency trading firm Cumberland, has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. While an IPA indicates MAS’s willingness to issue a license after certain conditions are fulfilled, it is not
Today, M2, a prominent cryptocurrency exchange and investment platform, announced a strategic alliance with NiceHash, the leading hashrate marketplace in the world that serves more than a million miners worldwide. With the help of this collaboration, miners all around the globe will have easy access to flexible lending options in USDT, enabling
In light of President Donald Trump’s recent announcement to establish a U.S. “Crypto Strategic Reserve,” which includes major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano, DefiTax.us is proud to launch its innovative tax reporting platform tailored for decentralized finance (DeFi) users. This strategic move by the government has
Web3 game CBT (Competitive Beta Test) platform xCBT has officially announced that it is launching on Abstract, a consumer-centric Layer 2 network developed by Igloo. xCBT has been on a solid growth trajectory, having secured USD 1 million in seed investment through the support of well-known figures in the gaming
Litecoin (LTC) and Avalanche (AVAX) are already losing steam as it is. LTC and AVAX’s prices have been falling for weeks now due to the current market-wide downturn. However, now that FXGuys’ ($FXG) entry to the market is imminent, experts believe that Litecoin and Avalanche will further retreat into the
As financial restrictions tighten in various regions, Project Yafa is stepping up with a blockchain-based financial solution designed to empower individuals facing systemic economic limitations. Built on Solana, the $YAFA token provides a decentralized alternative, allowing users to transact, store value, and participate in the global economy without reliance on
Canary Capital has officially submitted paperwork to the U.S. Securities and Exchange Commission (SEC) for a Sui (SUI) exchange-traded fund (ETF). This follows a series of crypto ETF applications from the firm, including ones for Dogecoin (DOGE), Solana (SOL), and XRP. The hedge fund manager’s latest move comes after it
