© Reuters. The digital currency is hinting at another potential rally as December approaches, following the historical pattern of year-end bullish trends. With a solid performance in October, closing at +28.5%, and a +7.18% gain expected in November, Bitcoin’s cumulative gain in the fourth quarter now stands at +37.7 %. Bitcoin’s performance typically sees an […]
© Reuters The network experienced a significant increase in transaction fees, surpassing total fees last week, as users compete for block space during times of high network traffic. This congestion was driven by a combination of factors, including a Bitcoin price rally that saw the cryptocurrency peak over $38,500 before settling around $37,000, and a […]
© Reuters. SEATTLE — A Seattle federal court has imposed travel restrictions on Changpeng Zhao, the billionaire CEO of cryptocurrency exchange Binance, preventing him from leaving the United Arab Emirates (UAE). The decision, made today, comes before Zhao’s expected sentencing in February on anti-money laundering charges and violating US sanctions. The court’s move to uphold […]
© Reuters. In a recent interview on the What Do podcast, Robert F. Kennedy Jr. has expressed concerns about central bank digital currencies (CBDCs), highlighting the potential for widespread government control and the implications for individual financial autonomy. Kennedy, a staunch advocate for individual freedoms, compared the programmable nature of CBDCs to Bitcoin’s decentralized system, […]
Hong Kong Interactive Brokers has expanded its financial services to include cryptocurrency trading for retail clients, streamlining portfolio management through a single integrated platform . The move, which allows customers to manage assets as and alongside traditional investments, aims to simplify the investment process without incurring additional spreads or markups. The service, initially launched for […]
© Reuters. Hive Digital Technologies Ltd. has expanded its operations with the acquisition of a mining facility in Boden, Sweden, as announced Monday. This move marks an important step in the company’s growth strategy and commitment to environmental sustainability. The newly acquired facility will serve as a Bitcoin production site, housing Application-Specific Integrated Circuit (ASIC) […]
© Reuters Coinbase (NASDAQ:), a leading cryptocurrency exchange, has experienced a significant increase in the value of its shares, reaching an 18-month high at $119.77 on Monday. . This increase, which amounts to a 256.5% increase year-to-date, comes amid regulatory challenges faced by rival Binance. The latter recently agreed to a $4.3 billion settlement with […]
© Reuters. Cryptocurrency enthusiasts and investors are closely watching the U.S. Securities and Exchange Commission (SEC) as it considers the potential listing of a spot Exchange Traded Fund (ETF). With Bitcoin () currently maintaining an uptrend below $40,000, the market is buzzing with anticipation. Speculation is rife that the value of BTC is likely to […]
© Reuters Former CEO of cryptocurrency exchange Binance, Changpeng Zhao, is currently under house arrest in the United States following a federal judge’s ruling on Monday. Judge Richard Jones ordered that Zhao must remain in the country, setting his bail at a substantial $175 million. The decision was made after Zhao admitted to violating anti-money […]
© Reuters In a recent development, Changpeng Zhao, former CEO of cryptocurrency exchange Binance, was authorized by a Seattle federal judge to stay in the United States. The decision was made after Zhao pleaded guilty to money laundering. His sentencing is expected at the end of February. Zhao Ziyang’s guilty plea was part of a […]