Tag Archives: Cryptocurrency

On Friday night, the Bitcoin network halved the rewards given to miners for the fourth time since its inception. This anticipated event occurs roughly every four years as per the Bitcoin protocol, aiming to reduce the rate of Bitcoin issuance. This creates a scarcity, reinforcing Bitcoin’s digital gold-like nature. Speculative ...

On Monday in Asia, Bitcoin achieved a significant milestone by surpassing the $40,000 threshold for the first time this year. This surge was fueled by the widespread anticipation of the approval of a Bitcoin exchange-traded fund (ETF) and speculation regarding potential interest rate cuts by the U.S. Federal Reserve. The ...

Singapore is set to implement more stringent regulations for cryptocurrency service providers based on feedback received regarding its initial proposals. The Monetary Authority of Singapore announced on Thursday that the revised proposals outline specific measures related to business conduct and consumer access. These measures aim to mitigate potential harm to ...

Law enforcement officials have taken into custody Su Zhu, the fugitive co-founder of the insolvent cryptocurrency hedge fund Three Arrows Capital. Zhu, who was allegedly attempting to flee Singapore, was arrested at Changi Airport in the country, as confirmed by the liquidators responsible for overseeing the bankruptcy proceedings of the ...

Closing at $26,038.41, Bitcoin concluded the day with a decline of approximately 6%, as reported by Coin Metrics. The cryptocurrency exhibited fluctuations just above the $26,000 mark during the entirety of Friday, a continuation of the significant drop that commenced on late Thursday. This downward trend had a ripple effect ...

On Friday, the value of ether surged as investors took a chance on the latest memecoins in the cryptocurrency market. According to Coin Metrics, ether ended the day up 5.61% at around $1,990. Although it briefly exceeded the crucial $2,000 level in April after the Shapella upgrade, it is still ...

WORLD – Bitcoin fell by 13% on Sunday after facing another selloff, the world’s largest and best-known cryptocurrency, leaving it down nearly 50% from the year’s high. At 1800 GMT (2 pm ET), bitcoin fell to $ 32,601, a decrease of $ 4,899.54 from its previous close. It reached a ...

While Bitcoin has fallen by 30 percent, Ethereum, the world’s second-largest cryptocurrency, has fallen by 40 percent. Cryptocurrency has landed in difficult waters. All popular digital currencies are witnessing a steep decline in red with major technical levels. The most popular cryptocurrency in the world, Bitcoin dropped by 30 percent ...

Chief Executive Elon Musk announced on Wednesday, Tesla will no longer accept bitcoins to purchase the car, citing long-standing environmental concerns for a rapid reversal of the company’s position on cryptocurrency. Less than two months after Tesla accepted the world’s largest digital currency for payment, bitcoin fell more than 10% ...

The cryptocurrency market continues to go back and forth. Dogecoin breaks after an appearance by Elon Musk on US TV. The price movements of digital currencies remain irregular. While the second-largest crypto value Ether is once again marking a record high, Bitcoin, the largest digital currency in the market, is ...