Cryptocurrency news

Bitcoin Tops $37,000, Carrying Crypto Industry With It

Bitcoin Tops $37,000, Carrying Crypto Industry With It

51
Cryptocurrency news
09.11.2023

Bitcoin climbed to a fresh 2023 high on Thursday as excitement around a likely Bitcoin ETF approval grew toward a fever pitch.The price of the world’s top cryptocurrency climbed more than 3.5%, to touch $37,000 for the first time since May 2022. Ethe...

Bitcoin Outshines Traditional Assets

Bitcoin Outshines Traditional Assets

79
Cryptocurrency news
07.11.2023

Bitcoin, the world's largest crypto asset by market capitalization, has shown impressive resilience and notable growth, outshining traditional assets with its value ballooning by more than 110% since January.The latest excitement around Bitcoin is dr...

Historic Number of Bitcoin Wallets in Profit

Historic Number of Bitcoin Wallets in Profit

74
Cryptocurrency news
01.11.2023

Bitcoin, the world’s biggest cryptocurrency in terms of market value, has broken records as it now boasts the highest number of profitable wallet addresses on record, even though its price is still 50% behind its all-time high.Last week, Bitcoin's pr...

Bitcoin Doubles in Price for 2023

Bitcoin Doubles in Price for 2023

90
Cryptocurrency news
24.10.2023

Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said this year’s bank collapses have sent investors looking for alternatives to the traditional banking system, while there is also anticipation of a slo...

Crypto Hacks Continue Unabated

Crypto Hacks Continue Unabated

58
Cryptocurrency news
16.10.2023

Data from independent think tank The Money Mongers has revealed that since 2011, crypto hacks have costthe industry $12.36 billion, 30.74% of which came from 192 cryptocurrency exchanges that cumulatively lost $3.8 billion to cybercriminals.The repor...

Kraken Making Moves After Securing EU E-Money License

Kraken Making Moves After Securing EU E-Money License

59
Cryptocurrency news
28.09.2023

Kraken, the U.S.–based cryptocurrency exchange hasrecently secured an EU e-money license. The company has ambitious moves for further expansion and is also reportedly planning to offer trading of U.S. listed stocks.The cryptocurrency business is plan...

Major Crypto Exchange Bybit Suspends U.K. Operation

Major Crypto Exchange Bybit Suspends U.K. Operation

50
Cryptocurrency news
25.09.2023

Renowned cryptocurrency derivatives exchange Bybithas announced that it is suspending services in the U.K. ahead of the introduction of the new rules by the Financial Conduct Authority (FCA), the financial regulatory body in the country.The Dubai-hea...

Crypto Assets Soar as US Court Clears a Path for Bitcoin ETFs

Crypto Assets Soar as US Court Clears a Path for Bitcoin ETFs

70
Cryptocurrency news
30.08.2023

Crypto assets witnessed a significant surge on Tuesday, following a pivotal US court decision that paves the way for the country's first bitcoin exchange-traded fund (ETF).This landmark ruling serves as a boost for crypto enthusiasts while striking a...

Hong Kong Bets on Crypto

Hong Kong Bets on Crypto

76
Cryptocurrency news
22.08.2023

In the rollercoaster world of cryptocurrencies — marked by price surges, plunges, and regulatory question marks — many regions have opted for strict oversight or outright rejection. Not Hong Kong. The semi-autonomous Chinese city-state is doubling do...

Tether Reaches All-Time-High Market Cap

Tether Reaches All-Time-High Market Cap

102
Cryptocurrency news
02.08.2023

After starting the year with around $66 billion, the market capitalization of the world's largest stablecoin is now approaching the $84 billion threshold.In May, Tether Holdings Ltd. released its quarterly assurance report, revealing a net profit of...

Bitcoin Price Stable Amid Fed Rate Hike Anticipation

Bitcoin Price Stable Amid Fed Rate Hike Anticipation

70
Cryptocurrency news
26.07.2023

Bitcoin has hit a fresh record high in terms of the supply held by long-term investors, according to recent data. Despite an anticipated interest rate increase by the Federal Reserve, the crypto giant's price continues to hold steady.Analysts have de...

Crypto Exchange Backed by Institutional Banks Launched

Crypto Exchange Backed by Institutional Banks Launched

93
Cryptocurrency news
21.06.2023

Wall Street firms, including Fidelity Digital Assets, Charles Schwab, and Citadel Securities, have backed a new institutional crypto exchange platform, known as EDX Markets.Just days after the U.S. Securities and Exchange Commission (SEC) sued two of...

Bitcoin Drops below $25,000 after Fed Meeting

Bitcoin Drops below $25,000 after Fed Meeting

91
Cryptocurrency news
15.06.2023

Cryptocurrency prices tumbled after the Federal Reserve’s June meeting, with Bitcoin sliding below $25,000 for the first time since March.On Thursday, Bitcoin was weaker by around 4% at $24,866.92, while Ether slid more than 5% to $1,632.47. Altcoins...

US SEC Sues Binance and Its Founder

US SEC Sues Binance and Its Founder

98
Cryptocurrency news
06.06.2023

The United States Securities and Exchange Commission (SEC) has taken legal action against Binance, the world's largest cryptocurrency exchange, as well as its CEO and founder, Changpeng Zhao. The SEC's lawsuit accuses Binance of multiple violati...

US Debt Deal Removes Controversial Crypto Tax

US Debt Deal Removes Controversial Crypto Tax

102
Cryptocurrency news
30.05.2023

The recently unveiled US debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy has shed light on an interesting aspect of the agreement: the removal of several proposed taxes, including the controversial Digital Asset Mining...