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Bitcoin Exodus: Over $2 Billion in BTC Withdrawn from Exchanges in 90 Days In the past 90 days, trading platforms have seen a significant decrease in the number of bitcoins available for trading. Approximately 60,000 bitcoins, valued at just over $2 billion, have been removed from these exchanges. Currently, the total number of bitcoins on […]

Altcoins Garnering Attention from South Korean Investors A recent report reveals that South Korean cryptocurrency traders have a higher inclination towards investing in high-risk altcoins, compared to their American counterparts. The study indicates that the trading volumes of major cryptocurrencies such as bitcoin and ethereum on the largest Korean exchange are significantly smaller than those

Mounting Fears of US Recession The S&P 500, a key U.S. equities index, has experienced a decline of just over 10% from its peak on July 31. This drop has been driven by concerns about the U.S. economy heading towards a recession. Experts have even referred to this decline as the first correction since the

FDUSD: A Stablecoin on the Rise In just 85 days, the stablecoin FDUSD has experienced a remarkable surge in its circulating supply, increasing by 62% since the beginning of August. This surge has propelled FDUSD into the top ten stablecoins by market capitalization and has also seen a significant expansion in its market volume share.

Nigeria Contemplates Outlawing Forex Parallel Market Nigeria is taking steps to expand its official currency market to include "legitimate" participants, such as bureaux de change and financial technology companies. Taiwo Oyedele, a member of President Bola Tinubu's committee on fiscal policy and tax reforms, revealed this plan during the Nigerian Economic Summit. Additionally, the government

Prosecutors Probe Sam Bankman-Fried's Message Deletion Practices During an ongoing hearing, federal prosecutors interrogated Sam Bankman-Fried, the CEO of now-bankrupt crypto exchange FTX, regarding his message deletion practices and the alleged use of customer funds. The prosecutors focused on Bankman-Fried's use of the encrypted messaging app Signal and his enabling of auto-delete features in 2021.

A Surge in Bitcoin's Value On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin's value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. As the market soared, traders who had placed their bets against crypto

SEC Drops Charges Against Ripple Executives In a significant development, the U.S. Securities and Exchange Commission (SEC) has decided to drop all charges against Ripple's executives, CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple's chief legal officer described the SEC's move as a surrender rather than a settlement. This decision marks a major turning point

The weekend ushered in a promising start for Shiba Inu and Solana, two notable players in the crypto market. Both coins demonstrated upward trends, marking the highest points for Shiba Inu since the beginning of the week and a significant climb for Solana above the $22.00 mark. Shiba Inu (SHIB) Rally Continues The Shiba Inu

Kraken, a leading cryptocurrency exchange, underscores its commitment to European expansion with its recent decision to acquire Coin Meester B.V. (BCM), one of the most reputable crypto brokers in the Netherlands. The move reflects Kraken's ongoing endeavor to broaden its European operations in alignment with regional regulatory requirements. Kraken's Planned Acquisition of Dutch Crypto Broker