Digital Gold Bitcoin Booms as Traditional Financial System Falters

22. March 2023 By admin Off

• The exchange rate between Bitcoin (BTC) and Ether (ETH) has been falling in recent weeks. • This is due to Bitcoin’s performance outperforming most other cryptocurrencies amid a “safe haven” bid as cracks form in the global banking system. • Bitcoin is often referred…

Bitcoin Surges as US Dollar Weakens, SVB Crisis Sparks Fear

14. March 2023 By admin Off

• Bitcoin and Ethereum have seen modest increases in value, with BTC surpassing $20,000 and ETH reaching the $1,400 mark. • The weaker US dollar has been a critical driver behind the recent surge in the cryptocurrency market. • Silicon Valley Bank (SVB) has been…

Dogecoin Price Soars: Can DOGE Recover to $0.10 Soon?

6. March 2023 By admin Off

• Dogecoin price has been affected by the Federal Reserve raising interest rates and Jerome Powell’s deflationary comments. • Investors are watching key economic data releases for March to determine the direction of Dogecoin prices. • A break above the psychological resistance at $0.10 could…

Cardano Price Forecast: Can ADA Reach $3 This Year?

27. February 2023 By admin Off

• The Cardano cryptocurrency ADA/USD is coming under selling pressure on Friday due to a hotter-than-expected US inflation report. • ADA is testing an uptrend that has been in play since the end of 2022, and its 50DMA just under $0.37. • With US inflation…

SEC Sues Terraform Labs Over $Billions Crypto Fraud Scheme

19. February 2023 By admin Off

• The US Securities and Exchange Commission (SEC) has sued Terra founder Do Kwon and his organization Terraform Labs for securities fraud. • They allegedly raised billions of dollars by selling cryptoassets to investors, often involving unregistered transactions. • Crypto community on Twitter questioned the…

Crypto Won’t Destroy Tradfi, Ex-HK Central Bank Chief Says

12. February 2023 By admin Off

The former head of the Hong Kong central bank, Norman Chan, believes that crypto will not destroy traditional finance. He states Bitcoin cannot become a currency due to its volatile price and lack of intrinsic value. He also warns that stablecoin adoption could affect the…

SEC Rejects Bitcoin ETF Application, Dashing Hopes of Investors

27. January 2023 By admin Off

• The US Securities and Exchange Commission (SEC) has rejected an application from Ark Investment Management and 21Shares to list a spot Bitcoin (BTC) exchange-traded fund (ETF). • The SEC has determined that the Cboe BZX Exchange, where the ETF would be listed, has failed…

Prosecutors Seek to Convict 20 for $3.2B in Illegal Crypto Trades

20. January 2023 By admin Off

• South Korean prosecutors are seeking to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions. • These transactions were exploiting the “kimchi premium”, a phenomenon whereby increased trading volumes on South Korean crypto exchanges drive prices above the global average.…