From Bitcoin to altcoins, our Crypto Currency Economic News keeps you informed on the latest developments and economic impacts in the crypto world.
The cryptocurrency market, led by Bitcoin (BTC), faced significant volatility as reported by Fortune Magazine, with Bitcoin experiencing a sharp 14% drop from its all-time high (ATH) of $73,700 to around $62,483. The downturn, which occurred last week, has had a ripple effect across the cryptocurrency landscape, impacting various digital currencies. This decline in Bitcoin’s …
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The Bitcoin exchange-traded funds (ETFs) market, which has recently marked its first month of spot trading, is likely to see consolidation by the end of 2024, according to Steven McClurg, Chief Investment Officer at Valkyrie Funds. In a recent interview with Decrypt, McClurg predicted a decrease in the number of Bitcoin ETF issuers from ten …
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In what is shaping up to be a landmark legal battle, Coinbase, the world’s largest publicly traded cryptocurrency exchange, is set to confront the U.S. Securities and Exchange Commission (SEC) in federal court on Wednesday. The core of the dispute revolves around whether the tokens traded on Coinbase’s platform are securities, subject to the SEC’s …
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Remember Pepe the Frog? The once-ubiquitous internet meme has returned to the spotlight, this time not as a satirical icon, but as a controversial cryptocurrency: Pepe Coin ($PEPE). After a tumultuous year marked by meteoric rise, spectacular plummet, and accusations of manipulation, Pepe Coin is on the rise again, leaving investors wondering: is this a …
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Phoenix Group, a renowned technology conglomerate in the blockchain and cryptocurrency space, has announced its plans for an Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX). This marks a significant milestone as Phoenix Group will be the first privately owned crypto and blockchain entity to list on a Middle Eastern stock market. …
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In a fresh wave of enthusiasm, Bitcoin’s price recently jumped to $35,000, its peak since May 2022. A lot of the excitement is tied to the buzz about the possible green light for the very first spot Bitcoin ETFs in the US. But what’s all this talk about a “spot Bitcoin ETF”, and why does …
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The United Arab Emirates is making significant waves in the global cryptocurrency market, as detailed in a new report by Chainalysis, a renowned blockchain data platform. Between July 2022 and June 2023, the nation received a staggering $34.9 billion in cryptocurrency value, despite a slight downturn compared to the previous year. Chainalysis’ 2023 Geography of …
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Binance’s Cyprus unit has submitted an application for removal from Cyprus’ register of crypto asset service providers, according to the securities regulator’s website. The move comes as Binance aims to concentrate on its larger European businesses and prepare for the upcoming implementation of the European Union’s crypto asset regulations (MiCA). Although the exact date of …
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US-based crypto exchange Bittrex discontinues operations in response to increasing regulatory pressure. In a move reflecting the growing regulatory pressures faced by the cryptocurrency industry in the United States, Bittrex, a leading crypto exchange founded in 2014 by three former Amazon employees, has announced the closure of its US operations. The decision comes as the …
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True Global Ventures invests over $24 million in Ledger, supporting the company’s global expansion and drive to become a leading consumer technology brand. True Global Ventures (TGV) has invested over $24 million in Ledger, the world’s leading digital assets and Web3 platform, enabling the company to pursue its global ambitions and enhance its position as …
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In a surprising turn of events, the hacker responsible for Euler Finance’s $200 million exploit earlier this month has returned a majority of the stolen funds to the protocol. Following the return of the funds, Euler’s native EUL tokens saw a significant surge, with a 25% increase in value in the past 24 hours. The …
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Bitcoin’s recent price rally has been driven by Americans seeking a safe haven in the cryptocurrency, according to an analysis by Matrixport. The recent failures of several banks in the US have exposed the limitations of the fractional reserve banking system, leading investors to consider alternative options like Bitcoin. The analysis showed that American buyers …
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