Cryptocoins News / Finance Magnates - 6 hours ago
A surge in Gen Z crypto investors has taken the market by storm, and the catalyst may just be political. Following Donald Trump’s election win in November 2024, the U.S. president-elect’s pro-crypto stance sparked significant interest among younger g...
Cryptocoins News / Finance Magnates - 7 hours ago
Ripple's XRP is facing downward pressure, with price declining in the past day and week. According to CoinMarketCap, the token dropped 3% and 12% in the daily and weekly charts, respectively. XRP's price decline reflects a broader price correction in...
Cryptocoins News / Finance Magnates - 10 hours ago
MicroStrategy, the largest corporate holder of Bitcoin, has acquired an additional 5,262 BTC, spending $561 million at an average price of $106,662 per Bitcoin. This purchase brings the company’s total holdings to 444,262 BTC, with an average cost of...
Cryptocoins News / Finance Magnates - 13 hours ago
Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, dug into the growing crypto market structure and institutional adoption in an interview with Finance Magnates' Jonathan Fine at the Finance Magnates London Summit 2024 (FMLS:24). His insight...
Cryptocoins News / Finance Magnates - 15 hours ago
Dogecoin, after peaking at $0.48, has faced a significant downturn, losing nearly 25% of its value over the past seven days amid broader cryptocurrency price corrections. Meanwhile, the network suffered a technical setback as a vulnerability, exploit...
Cryptocoins News / Finance Magnates - 15 hours ago
The Securities and Exchange Commission (SEC) has fined Tai Mo Shan Limited $123 million for reportedly misleading investors about the stability of the Terra USD (UST) stablecoin and conducting unregistered securities transactions involving LUNA crypt...
Cryptocoins News / Finance Magnates - 16 hours ago
The crypto market experienced a significant sell-off today, with Bitcoin (BTC) dropping notably below $94,000. Along with BTC, major altcoin prices are also declining, and the total cryptocurrency market capitalization has fallen to $3.3T, marking th...
Cryptocoins News / Finance Magnates - 17 hours ago
In physics, Newton’s Laws of Motion dictate the outcome of two moving objects colliding. Different factors such as mass and speed make calculating the impact of, say, a linebacker tackling a wide receiver in the open field relatively predictable.In s...
Cryptocoins News / Finance Magnates - 18 hours ago
2024 has been one of the most positively eventful ever in the history of crypto, with three key occurrences that are likely to be remembered as particularly significant. First, the launch of spot Bitcoin ETFs back in January, followed also by spot ET...
Cryptocoins News / Finance Magnates - 3 days ago
The cryptocurrency market is facing a tough week, with Dogecoin taking the brunt of the losses. Dropping 11% in just 24 hours, the meme-coin's sharp decline is part of a broader sell-off that has seen Bitcoin, Ethereum, and other major coins struggle...
Cryptocoins News / Finance Magnates - 3 days ago
Coinbase has issued a formal response to a lawsuit filed by BiT Global, a company tied to Justin Sun. The dispute arose after Coinbase announced it would delist wrapped Bitcoin (wBTC) from its platform on December 19. BiT Global alleges that the deli...
Cryptocoins News / Finance Magnates - 3 days ago
Ripple’s XRP dropped nearly 10% in the past day as the crypto market faced downward pressure. This downtrend, which has wiped 7% off the global market cap, followed a federal reserve rate cut and a significant outflow from Bitcoin-focused ETFs. The F...
Cryptocoins News / Finance Magnates - 3 days ago
Crypto.com has extended its partnership with Formula 1 through 2030, building on their 2021 collaboration to enhance mutual growth and value. This renewed deal comes as the cryptocurrency market remains volatile, with Bitcoin's price dipping below $1...
Cryptocoins News / Finance Magnates - 3 days ago
Influencer Hailey Welch is MIA, her coin is DOA, and investors are ready to throw punches—but not before Googling, “Hailey Welch dead?” If you’ve been anywhere near the internet lately, you’ve probably seen the name Hailey Welch trending for all the...
Cryptocoins News / Finance Magnates - 4 days ago
Binance.US announced plans to carry on US dollar services next year, according to a statement by the firm's interim CEO Norman Reed. The company was forced to halt direct US dollar withdrawals last year in a step that resulted from a series of regula...
Cryptocoins News / Finance Magnates - 4 days ago
El Salvador has agreed to make merchant acceptance of Bitcoin voluntary as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF). Meanwhile, Bitcoin made a bearish move yesterday (Wednesday), causing its price to drop to $1...
Cryptocoins News / Finance Magnates - 4 days ago
Hut 8, a prominent player in North America's Bitcoin mining sector, has boosted its Bitcoin reserves amid the current crypto bull market. A $100 million Bitcoin purchase has pushed the company's reserve to 10,096 coins, valued at over $1 billion as o...
Cryptocoins News / Finance Magnates - 4 days ago
The world's leading cryptocurrency, Bitcoin (BTC), experienced significant volatility following the Federal Reserve's (Fed’s) latest monetary policy announcement, briefly dipping below the psychological $100,000 mark before staging a recovery. The pr...
Cryptocoins News / Finance Magnates - 5 days ago
The cryptocurrency market is facing a short-term correction after a sustained bull run since early November. Among the altcoins, Binance's native token, BNB, has dropped 1.5% in the past day but is up 1.64%.This is despite the latest legal challenges...
Cryptocoins News / Finance Magnates - 5 days ago
Deutsche Bank is reportedly creating a layer-2 (L2) blockchain solution on Ethereum using ZKsync technology. The initiative aims to address compliance challenges in using public blockchains within regulated financial systems, according to Bloomberg.T...
Cryptocoins News / Finance Magnates - 5 days ago
The Securities and Futures Commission (SFC) has granted licenses to four virtual asset trading platforms (VATPs) under its expedited licensing process. The development follows the completion of risk-based on-site inspections for deemed-to-be-licensed...
Cryptocoins News / Finance Magnates - 5 days ago
BlackRock, the global asset management firm, has suggested that investors allocate up to 2% of their portfolios to Bitcoin. The recommendation was included in a report, which highlights Bitcoin's potential as a diversifying asset, given its historica...
Cryptocoins News / Finance Magnates - 5 days ago
A concerning trend has emerged among young UK investors who are making crucial financial decisions at an alarming speed, with two-thirds finalizing important investment choices in less than 24 hours.Moreover, according to the country’s market watchdo...
Cryptocoins News / Finance Magnates - 5 days ago
A concerning trend has emerged among young UK investors who are making crucial financial decisions at an alarming speed, with two-thirds finalizing important investment choices in less than 24 hours.Moreover, according to the country’s market watchdo...
Cryptocoins News / Finance Magnates - 5 days ago
Leading US publicly-listed Bitcoin (BTC) miners from Wall Street are strengthening their financial positions through significant capital raises as Bitcoin trades above $108,000. Industry heavyweights CleanSpark (NASDAQ: CLSK) and Bitfarms (NASDAQ: BI...
