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Cryptocurrency investors faced a tumultuous day as prices plummeted across major digital assets on the WazirX exchange. Bitcoin, the leading cryptocurrency by market capitalization, alongside stablecoin USDT, recorded significant discounts compared to global averages. This sharp decline sparked concerns among traders and analysts alike, reflecting broader market volatility. Bitcoin, known for its price stability relative to other cryptocurrencies, saw a marked drop of over 10% on WazirX, […]

HONG KONG SAR – Media OutReach Newswire – 17 July 2024 – SOLOWIN HOLDINGS (“SOLOWIN” or the “Company”) (Nasdaq: SWIN), a securities brokerage offering comprehensive financial services to investors worldwide, announced the launch of Solomon VA+, an institutional-grade all-in-one smart trading app through its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon”). Ms. Lily Liu, CFO of Solowin (Left 2), Mr. Yang Zhao, Deputy CEO of Finloop (Left […]

James David Vance, currently a prominent figure as a potential vice presidential candidate alongside Donald Trump, has disclosed holdings worth $250,000 in Bitcoin (BTC). His revelation comes amidst ongoing debates over cryptocurrency regulation, where he has positioned himself as a vocal critic of SEC Chairman Gary Gensler’s policies. Vance’s involvement in the crypto sphere has been marked by his staunch opposition to regulatory measures proposed by Gensler, […]

Renowned trader Peter Brandt has made a bold forecast for Bitcoin, suggesting a significant bullish movement in the near future. He believes the cryptocurrency could reach unprecedented heights, potentially hitting $200,000 by the third quarter of 2025. Brandt, known for his accurate market predictions, asserts that Bitcoin is currently positioned for a major breakout. Brandt’s analysis is based on historical market patterns and cycles. He notes that […]

Bitcoin reclaimed the $, mark today, marking a robust resurgence fueled by renewed investor interest in high-risk assets termed as ‘Trump Trades’. This uptick follows a volatile weekend in global markets, spurred by geopolitical tensions and economic uncertainties. Over the past hours, Bitcoin surged by over 5%, reaching a peak of $, in early trading. The cryptocurrency’s rally coincided with a broader market shift towards riskier investments, […]

The cryptocurrency investment landscape has expanded significantly with the introduction of options on leveraged bitcoin exchange-traded funds (ETFs). This development marks a groundbreaking moment for the ETF industry as investors now have the ability to trade options on products tracking bitcoin’s spot price through derivative swaps. Rex Shares and Tuttle, the firms behind the newly launched T-Rex 2x Long Bitcoin Daily Target ETF and the T-Rex 2x […]

HONG KONG SAR – Media OutReach Newswire – 12 July 2024 – Today, IX Asia Indexes announced the 2024 2nd quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 19th July, 2024 (Friday). The results of the constituent review and exchange review are as follows: 1. Constituent Review – ixCrypto Index Series 1.1 ixCrypto Index (“IXCI”) […]

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The Grayscale Ethereum Trust (ETHE), a financial vehicle allowing investors exposure to Ethereum without directly owning the cryptocurrency, has undergone a significant shift. After trading at a discount for nearly three years, ETHE’s share price now sits at a premium to its underlying net asset value (NAV) for the first time since November 2021. This development, reported on July 3rd, 2024, by financial data provider ycharts. com, […]

In a move that has sent ripples through the cryptocurrency world, the German government recently transferred a significant amount of Bitcoin to various locations. On July 4th, blockchain security firm PeckShieldAlert identified a substantial outbound transaction of over 3, 000 Bitcoin, valued at roughly $172 million, from a digital wallet linked to the German Federal Criminal Police Office (BKA). The transferred Bitcoin was divided and sent to […]

The cryptocurrency market experienced a significant downturn on Friday, with over $170 billion shed in combined market capitalization within a 24-hour period. This plunge coincides with the long-awaited payout of nearly $9 billion in Bitcoin and Bitcoin Cash to creditors of the defunct Mt. Gox exchange. The price of Bitcoin, the world’s leading cryptocurrency, bore the brunt of the sell-off, dropping over 6% to reach its lowest […]

The cryptocurrency realm witnessed a dramatic surge in theft during the first half of 2024, with stolen digital assets exceeding $1. 38 billion according to a report by blockchain research firm TRM Labs. This figure marks a staggering increase compared to the same period in 2023, where crypto hacks yielded roughly $657 million. Researchers attribute this troubling trend to two key factors:a rise in the value of […]

While Bitcoin continues to dominate headlines and capture the imagination of some investors, a new report suggests Canadians are taking a wait-and-see approach to cryptocurrencies, preferring the familiarity of physical cash. The Cointelegraph report, citing a recent study from the Canadian Imperial Bank of Commerce (CIBC), revealed that a whopping 82% of Canadians surveyed still rely on cash for everyday transactions. The study, which polled over 1, […]

The long-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in the United States has sent shockwaves through the cryptocurrency market. This regulatory green light has fundamentally altered market dynamics, ushering in a new era of institutional investment and potentially reshaping the future of crypto. Prior to the ETF approvals, the cryptocurrency market faced an uphill battle in attracting mainstream investors. The lack of a regulated and familiar […]

HONG KONG SAR – Media OutReach Newswire – 5 July 2024 – Today, IX Asia Indexes announced the 1st Half 2024 Review of the IX Digital Asset Industry Classification System (“DAICS®“), aiming to provide the professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed […]

Move over DeFi and NFTs, there’s a new champion in town when it comes to cryptocurrency returns in 2024. While analysts were busy chasing the next big thing in decentralized finance and non-fungible tokens, a sector with a more playful pedigree has been quietly stealing the show. Memecoins, the often-lighthearted digital assets inspired by internet jokes and pop culture references, have emerged as the most profitable cryptocurrency […]

The cryptocurrency market continues to evolve, presenting both challenges and opportunities for miners. While factors like mining difficulty and energy consumption remain crucial considerations, identifying the most profitable coins to mine can significantly impact your yield. Here, we explore the top 5 cryptocurrencies to mine in 2024, taking into account their current profitability, mining difficulty, and long-term potential. Emerging as a strong contender, BlockDAG utilizes a unique […]

The cryptocurrency market continues to witness a surge in interest for alternative coins, also known as altcoins. While Bitcoin (BTC), the world’s leading digital asset, remains the dominant player, altcoins are carving out a niche for themselves. Investors seeking high-growth opportunities are increasingly turning to altcoins, with some registering significant gains in recent months. A critical metric to gauge investor interest in a particular cryptocurrency is open […]

The Turkish Parliament (TBMM) has enacted a new law establishing a stricter regulatory framework for cryptocurrency assets. The legislation aims to combat illegal activities within the crypto space while providing a more controlled environment for investors. A key provision of the bill targets unauthorized crypto service providers. Individuals and legal entities operating without the requisite authorization face imprisonment ranging from 3 to 5 years. This stipulation seeks […]

The long-awaited repayments from defunct cryptocurrency exchange Mt. Gox will begin in July, coinciding with a slump in Bitcoin’s price that has dipped below $61, 000. The news has injected uncertainty into the market, with analysts divided on the potential impact of the asset distribution. Mt. Gox, once the world’s leading Bitcoin exchange, filed for bankruptcy in 2014 after a massive hack that resulted in the loss […]

The Cosmos ecosystem is set to welcome Bitcoin with open arms thanks to a groundbreaking decision by Osmosis, a decentralized exchange (DEX) governed by the Cosmos DAO. By adopting a fee-free Bitcoin bridge, Osmosis is poised to streamline the movement of Bitcoin into the Cosmos network, potentially unlocking a wealth of opportunities for both DeFi users and the Cosmos network itself. This development hinges on a revenue-sharing […]

The winds of change swept through the cryptocurrency market today, bringing a surge in value across the board. Bitcoin, the undisputed heavyweight of the digital asset arena, experienced a significant rise, reclaiming the coveted $66, 000 mark. This uptick, at roughly 1. 5% over the last 24 hours, represents a positive shift in investor sentiment after a period of relative stagnation. The positive momentum wasn’t confined to […]

The meteoric rise of cryptocurrencies has captured the global imagination, with Bitcoin leading the charge as a potential alternative to traditional finance. However, a growing debate simmers within the crypto community: is widespread adoption the key to its success, or would it spell its doom? Proponents of mass adoption envision a future where cryptocurrencies become seamlessly integrated into everyday life. Imagine buying groceries with Bitcoin or paying […]

A staggering $19 billion has been lost to crypto-related crimes over the past 13 years, according to a new report by blockchain analytics firm Crystal Intelligence. This eye-watering figure highlights the significant security challenges that continue to plague the cryptocurrency industry. The report, titled “Cryptocurrency Crime:A 13-Year Retrospective, ” details a wide range of criminal activities targeting cryptocurrency users and businesses. These include hacking incidents, thefts from […]

Decentralized finance (DeFi) lending platform UwU Lend faces financial turmoil after a critical exploit resulted in a hefty loss of $19. 3 million. The news, first reported by blockchain security firm Arkham Intelligence, sent shockwaves through the crypto community, raising concerns about the protocol’s security measures. According to on-chain data, a single attacker successfully manipulated the platform, siphoning off a variety of crypto assets. This included wrapped […]

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