Category Archives: News

Ethereum’s Performance Analysis In the tumultuous world of cryptocurrencies, the second-largest digital asset in terms of market capitalisation, Ethereum, faced a 3% downturn. It managed to stay above the $2,000 bracket while exhibiting a rollercoaster movement between $2,017 and $2,088 within a 24-hour period. Ethereum’s market cap currently sits at a significant $243 billion value,Continue reading “Ethereum Technical Breakdown: ETH Maintains Position Above $2K Despite 3% Dip”

Bitcoin Technical Outlook: Trading Momentum Declines as Market Bulls Take a Breather Following a 4-week Spike As the dawn of the new week breaks, the cryptocurrency market is witnessing a slight dip of more than 2%. Equity futures suggest that there might be a minor dip in U.S stocks this Monday, thereby closing the curtainsContinue reading “Bitcoin Technical Analysis: Post 4-Week Rally, Bullish Momentum Takes a Breather”

A week of Crucial Changes in the Cryptocurrency Sphere The previous week witnessed some stirring events in the cryptocurrency market. Key developments included changes in the leadership of a top exchange, further classification of crypto assets by regulatory bodies, and major sanctions processes, all contributing to a highly eventful week. Here’s the round-up. Leadership ReshapedContinue reading “End of an Era: CZ Bows Out, SEC Identifies Additional Securities, While US Crypto Crusade Gathers Pace – Weekly Overview”

A Political Figure Arrested For Crypto Fraud In Nigeria In a significant turn of events, a Nigerian politician was recently apprehended for his alleged involvement in money laundering activities connected to a well-known cryptocurrency exchange. The charges relate to a significant amount of digital currency swindled from Patricia Technologies, earlier this year. The accused, WilfredContinue reading “Crypto Exchange’s Stolen Funds: Nigerian Politician Apprehended by Law Enforcement”

Agustin Carstens Reveals Tokenization’s Role in Financial System Modernization The task remains gargantuan of shaping modern-day financial systems into interconnected ones. In a recent revelation, the Bank for International Settlements (BIS) general manager, Agustin Carstens, proclaimed tokenization as the foreseeable answer to this task. Asserting that interconnectedness can be achieved through tokenization, he envisages aContinue reading “Agustin Carstens, BIS General Manager, Highlights Tokenization as a Key Element in Future Financial Systems”

Islamic Coin Issuer Collaborates Completely With UAE Regulator The United Arab Emirates-based business, Bored Gen DMCC, responsible for issuing the Islamic Coin, has made it clear that they have complied thoroughly with the Virtual Assets Regulatory Authority’s investigation into the coin’s release and distribution. Nonetheless, the distribution of the Islamic Coin (ISLM) within Dubai’s marketContinue reading “UAE Virtual Assets Regulator Confirms Full Cooperation from Islamic Coin Issuer”

The Surprising Exit of Wallet of Satoshi From the US Market In a startling development, the Lightning Network payment service provider, Wallet of Satoshi, has chosen to withdraw its operations from the US market. The firm has abstained from citing specific reasons for this move. American users have been instructed to move their funds toContinue reading “Satoshi Wallet Departs US Market During All-Time High Month: Customers Scramble for Other Options”

Unpacking Bitcoin’s Ambitions To Scale $38K Amid Firm Resistance As recorded on November 24, 2023, Bitcoin’s price has been witnessing a steady ascend, now positioned at $37,903. The last 24 hours have seen Bitcoin’s price swing between $36,972 and $38,078, displaying a robust $17.41 billion trading volume. This vibrant market activity indicates the closing weekContinue reading “Bitcoin Technical Analysis: Bulls Target $38K Despite Strong Resistance”

A Disastrous Bitcoin Transaction: User Pays Over 83 Bitcoins Worth $3.1 Million in Transaction Fees In the annals of Bitcoin transactions, a single unwary user unintentionally parted with an eye-watering 83.65 BTC, which at present rates translates to a cool $3.1 million. This grand error took place during the mining of block 818,087 by AntpoolContinue reading “Unsuspecting Bitcoin User Accidentally Shells Out $3.1 Million in One Single Transaction Fee”