Solana is currently showing promising signs of bullish momentum as it surges above the $200 mark. The price has successfully cleared the $200 resistance against the US Dollar and is now trading above $200 and the 100 simple moving average (4 hours). This indicates a strong upward trend for SOL price. A connecting bullish trend
China’s central bank, the People’s Bank of China, recently released a digital yuan service guide aimed at assisting foreign visitors in making contactless payments with e-CNY. This move is designed to enhance the convenience and efficiency of financial transactions for international tourists exploring China. The official “e-CNY” app, available for download on the App Store
Singapore’s recent budget statement for Fiscal Year 2024 highlighted a significant investment of S$2 billion towards enhancing its digital economy. This investment signifies the country’s strong push towards financial innovation and digital asset integration. The move is set to fortify Singapore’s position as a leading fintech hub in Asia. The injection of S$2 billion into
The Ethereum price has recently experienced a downward correction, falling below the $3,650 support level. This correction has been attributed to the overall bearish trend in the cryptocurrency market, similar to Bitcoin’s decrease in value. However, Ethereum is currently showing signs of a recovery wave, with the price attempting to climb back above the $3,500
The Asia Pacific region (APAC) has long been known for its progressive regulatory stance in key jurisdictions. Singapore, for example, was one of the first countries to implement stablecoin regulation, showcasing its commitment to fostering a secure crypto ecosystem for investors. This move has set clear standards and provided a blueprint for others to follow,
In a surprising turn of events, the cryptocurrency market has been shaken by a sudden drop in Bitcoin prices. After a period of significant gains and all-time highs, Bitcoin has seen a drastic decrease, hitting a low of $65,000 within a week. This downturn has proven to be a major setback for investors, with the
The recent market plunge has left the crypto industry reeling, with hundreds of millions of dollars being wiped out in just a few hours. Bitcoin, which had been on a steady upward trend, suddenly plummeted to a weekly low of $67,500, causing panic among investors. This sudden drop also impacted altcoins, leading to a significant
Bitcoin (BTC) has been the talk of the town in the past few weeks, with its price skyrocketing to a new all-time high of $73,750. This surge, attributed to the pre-halving rally, has captured the attention of many investors in the cryptocurrency market. However, what goes up must come down, and BTC has experienced a
Bitcoin’s futures market is currently attracting attention due to the signs of bullish sentiment it is showcasing. Analysts are closely looking at the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data indicates that this basis has risen to unprecedented levels since Bitcoin’s all-time high
The intersection of artificial intelligence and cryptocurrency presents a new frontier for criminal activity, as highlighted by a recent report from Chainalysis. The influx of $100 million into a crypto-based AI platform by Fetch has raised concerns about the potential for a surge in illicit blockchain activity. Chainalysis Cybercrimes Research Lead Eric Jardine provided insight