The cryptocurrency market experienced a significant pullback, with popular Solana meme coin DogWifHat (WIF) losing 17% of its value in the last 24 hours. This decline was part of a broader market correction that saw market leaders Bitcoin and Ethereum also losing around 5% of their value. Bitcoin is currently trading at $66,313, which is
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Singapore has taken a proactive approach to enhancing its regulatory framework within the cryptocurrency industry. The Monetary Authority of Singapore (MAS) recently amended its Payments Service Act (PSA) to expand its jurisdiction and bolster user protection. These changes demonstrate Singapore’s commitment to becoming a cryptocurrency-friendly hub while prioritizing investor safeguarding. With the incorporation of three
Recent on-chain data reveals that Tether, the world’s largest stablecoin issuer, has added a substantial amount of Bitcoin to its holdings. The purchase of 8,888 Bitcoin on March 31 has raised Tether’s total BTC holdings to almost 75,400. This move has positioned Tether as one of the biggest Bitcoin holders in the market, surpassing even
In a strategic move to expand its global presence, Crypto.com has announced the launch of its app in South Korea on April 29. This launch comes after receiving regulatory approvals, allowing retail customers in South Korea to access a wide range of features on the platform. With the debut of the app in South Korea,
Coinbase CFO Alesia Haas’s assertion that Ethereum is not a security brings attention to the ongoing regulatory uncertainty surrounding cryptocurrencies in the United States. The lack of a clear and comprehensive regulatory framework at the federal level has led to confusion and inconsistency in how different agencies view digital assets such as Ethereum. Haas advocates
The focus in the cryptocurrency market has primarily been on Bitcoin, especially with the upcoming Bitcoin Halving. Market analysts are predicting further upside moves for the flagship crypto token. However, crypto analyst Jason Pizzino has recently presented a compelling case for altcoins like Ethereum (ETH) and Solana (SOL) and why investors should pay attention to
China recently announced a significant initiative led by Conflux Network, focusing on creating an “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” This groundbreaking move signifies China’s interest in utilizing blockchain technology to facilitate secure and seamless cross-border transactions. The primary goal of this project is to establish a public blockchain infrastructure
The recent flash crash in Bitcoin’s price has sent shockwaves throughout the cryptocurrency market, with the price dropping below $69,000 in a matter of moments. This sudden drop has resulted in massive losses for thousands of crypto traders who were caught in leveraged positions. According to data from Coinglass, more than 81,400 traders were liquidated
Degen Chain, a layer-3 blockchain built on top of the Base network, has captured the interest of investors and traders due to its impressive transactional volumes, totaling close to $100 million in just a single day. Within four days of its launch, the network has processed over 272,000 unique transactions, establishing over 7,500 contracts and
In a recent development, Tinkoff Bank, a major player in the Russian banking industry, has successfully obtained a license to issue and sell “digital financial assets” (DFAs) within the country. This news comes as a significant milestone for the bank, as it positions itself to capitalize on the growing trend of digitalization in the financial