Hut 8 Shuts Down Bitcoin Mining Operation Due to Rising Energy Expenses
Hut 8, a prominent Bitcoin mining entity, has announced the closure of its mining facility in Drumheller, Alberta, Canada. The decision, driven by escalating energy costs and consistent power disruptions,…
Binance Temporarily Halts Withdrawals on Solana Network Due to High Transaction Volume
Binance, the globe’s leading cryptocurrency trading platform, recently announced a temporary halt on withdrawals linked to the Solana network. This decision was influenced by an unprecedented surge in transaction volume.…
Bitcoin’s Ascent May Encounter Headwinds as Order Book Discrepancy Suggests Increased Selling
As Bitcoin (BTC) ascends toward unprecedented heights, a potential roadblock emerges, hinting at a pause driven by profit-taking actions from investors of the preeminent cryptocurrency by market capitalization. Analyzing the…
Bitcoin and Gold Set New Price Milestones Concurrently
On March 5th, Bitcoin (BTC), the preeminent digital currency, soared past expectations, setting a new price record by breaking the $69,200 barrier for the first time in its history. This…
Tether Introduces Migration Tool for Seamless USDT Transfers Across Blockchains
In a strategic move to enhance the resilience of its stablecoin ecosystem, Tether, the issuer of the widely-used USDT stablecoin, has rolled out a sophisticated recovery tool designed to facilitate…
Deutsche Börse Unveils Institutional Spot Cryptocurrency Trading Service
The German securities marketplace, Deutsche Börse, has made a significant foray into the digital assets space with the introduction of its exclusive cryptocurrency trading platform, the Deutsche Börse Digital Exchange…
Algorithmic Trading Firms Trigger Binance and Coinbase Outages, Says dYdX Executive
In an enlightening conversation with Cointelegraph, Ivo Crnkovic-Rubsamen, who holds the dual role of Chief Strategy Officer and Technical Lead for Trading at dYdX exchange, sheds light on the recent…
Binance Announces Termination of Nigerian Naira Operations by March 8
Binance, a leading figure in the global cryptocurrency exchange arena, has declared its imminent departure from the Nigerian market. This move involves a complete halt of services related to the…
Virginia Enacts Pro-Crypto Legislation to Support Blockchain Growth
In a pivotal move for the cryptocurrency sector, the Virginia Senate in the United States has approved a groundbreaking bill that paves the way for the establishment of a specialized…
Unbounded Sentiment: Tether Co-founder Predicts Bitcoin Could Soar to $300,000 in Next Bull Market
Bitcoin‘s current rally could be the most significant we’ve witnessed, with predictions suggesting the possibility of an even higher surge, as highlighted by Tether’s co-founder. Currently, Bitcoin trades around $66,522,…
Hong Kong’s SFC Targets Fraudulent Crypto Exchange Websites for Blacklisting
The Securities and Futures Commission (SFC) of Hong Kong has taken decisive action against fraudulent activities targeting the local cryptocurrency exchange sector. On March 4, the SFC issued a stern…
Taiwan Set to Unveil New Digital Currency Regulations in September: Overview
Taiwan’s Financial Supervisory Commission (FSC) is gearing up to introduce a fresh draft of digital asset regulations come September 2024. This initiative, aimed at refining the regulatory framework for digital…
Bitcoin Sets New Record High in Euros, Surging to $65,000
Bitcoin (BTC), the pioneering digital currency, has recently achieved a monumental milestone by setting a new all-time high against the euro. This achievement comes as the cryptocurrency’s value soared to…
Pepe, Floki, Bonk, and Additional Memecoins Experience a 3,000% Weekly Volume Increase
The digital currency landscape has once again been captivated by the memecoin phenomenon, witnessing unprecedented rallies among trending tokens such as Pepe, Floki, Bonk, and others. This surge has not…
Wall Street Journal Embroiled in Defamation Suit Over Tether and Bitfinex Reporting
The Wall Street Journal, one of the leading financial publications, is currently embroiled in a legal battle following a defamation lawsuit stemming from its coverage of alleged illicit activities linked…
Tether’s USDT Stablecoin Reaches Record $100 Billion Market Capitalization
In a notable achievement within the cryptocurrency domain, Tether’s USDT stablecoin has surpassed a groundbreaking market capitalization of $100 billion. This milestone represents a significant year-to-date growth of 9%, solidifying…
Bitcoin NFTs Overtake Ethereum in Weekly Sales, Marking a Notable Shift
In a surprising turn of events, sales of Bitcoin non-fungible tokens (NFTs) have outpaced those on Ethereum in the last week. This shift is attributed to a significant increase in…
Enhanced Powers for UK Law Enforcement in Crypto Asset Seizure
The United Kingdom government has taken a significant step towards tightening its grip on the utilization of cryptocurrencies in illicit activities. A newly published statutory instrument outlines amendments to the…
Binance CEO Called to Testify Before Nigerian Committee on Allegations of Financial Misconduct
The Nigerian House of Representatives Committee on Financial Crimes has officially summoned Richard Teng, CEO of Binance, to address allegations relating to terrorism financing and money laundering activities. This development…
FTX Sets Claim Window Prices for Major Cryptocurrencies Below Market Rates
FTX, the cryptocurrency exchange undergoing bankruptcy proceedings, has initiated a claims process with valuation figures for significant digital assets like Bitcoin, Ether, Solana, and BNB considerably lower than their prevailing…