Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin’s weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024.
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How Blockchain Can Improve Globalization
The birth of blockchain technology and its quick adaptation have left many people stunned, with famous CEOs, investors, entrepreneurs and financial experts often talking about how it will change the way we go about our daily financial activities.One of the most important aspects to consider in blockchain technology is how this relatively new technology can…
Former DC comic book artist fetches $1.85M auctioning Wonder Woman NFTs
Former DC comic artist, José Delbo, made $1.85 million in four days auctioning 914 NFTs depicting the popular fictional heroine Wonder Woman. José Delbo, an artist who illustrated the comic book series Wonder Woman during the late 1970s, has made $1.85 million in an auction selling non-fungible tokens, or NFTs, depicting the popular heroine.The 87-year-old…
Insider trading claims over MAGA token sell-off debunked as MEV bot activity
An insider sold MAGA tokens worth over $1 million, sparking debate over market manipulation and revealing potential MEV bot activity.
8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity
Eight members of the United States (U.S.) Congress sent a letter to the Internal Revenue Service (IRS) urging the agency to provide additional clarity on cryptocurrency tax laws. A letter dated Dec. 20, signed by eight U.S. Congress members, stated:“We wrote in April of this year urging the issuance of guidance for taxpayers who use cryptocurrencies…
A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance
Bitcoin (BTC) has seen record buying activity as BTC/USD returns to six-week highs.The latest data from on-chain analytics firm CryptoQuant shows more BTC leaving major exchange Binance in a single day than ever before.Binance finishes the day 55,000 BTC lighterDespite warnings that a macro bottom may not yet have occurred, Bitcoin investors have wasted no…
Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares
The investment firm's exposure to Bitcoin across three major funds totals roughly $303 million with 6,626,381 shares as of Sept. 30. 838 Total views 21 Total shares Investment funds from major U.S. investment bank Morgan Stanley have increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust.According to filings from the United…
IBM Launches Blockchain Pilot for Bank Guarantee Processes
Tech giant IBM has launched a pilot for a blockchain-powered platform designed to streamline bank guarantee processIn a press release shared with Cointelegraph on July 3, IBM stated that the pilot was launched in partnership with four Australian financial services companies.The pilot — dubbed Lygon — is backed by IBM, the Australia and New Zealand…
CEX.IO resumes UK operations, backs stricter crypto rules
Following a voluntary suspension in October 2023, CEX.io has successfully resumed operations in the UK after ensuring compliance with new FCA regulations.