In the latest development in the Upbit scrutiny, South Korea ordered the platform to suspend its business operations. Citing violations of Know-Your-Customer (KYC) rules and anti-money laundering laws, South Korea notified the exchange about the suspension. Upbit’s future services in the country remain in jeopardy as the exchange has received severe-than-expected sanctions. Upbit To Suspend … Read more
In the last 24 hours, cryptocurrency liquidations have hit $372 million. This is according to data from CoinGlass. The liquidation affected more short position traders as their bet on price movement did not actualize. The broader crypto industry witnessed positive price movement as Bitcoin (BTC) rallied past $100,000 briefly. Bitcoin leads liquidation spike Bitcoin’s resurgence … Read more
Phantom said the $150 million funding round accelerates Phantom’s mission to become the world’s biggest consumer finance platform.
Amid the ongoing bullish recovery in the crypto space, the altcoin market has added significant valuation in a short period. Moreover, bluechip altcoins such as Chainlink successfully reclaimed its important resistance level of $23, highlighting increased positive influence. Considering the present market sentiments, will LINK price achieve a new ATH this AltSeason? In this article, … Read more
The integration of ElizaOS into Merlin Chain will allow the deployment of AI agents with the ability to facilitate cross-chain activities. Merlin Chain Partners With ElizaOS to Bring AI Agents to Bitcoin Merlin Chain, the bitcoin layer 2 network has announced a strategic integration with ElizaOS, an AI agent project. By working together, developers can … Read more
As Bitcoin (BTC) eyes a potential correction, traders are speculating on the implications of an unfilled CME futures gap beneath $80,000. The recent volatility in the BTC market highlights a significant shift in trader sentiment, with a general forecast suggesting that price corrections could usher in new trading opportunities. According to market analysts, “The CME … Read more
Coinbase is back in the lending game, offering Bitcoin-backed loans through its innovative Ethereum layer-2 solution, Base, just as Bitcoin’s value surges. This significant move comes nearly two years after Coinbase ceased its Borrow service, indicative of changing market dynamics and heightened customer demand for crypto-backed financial products. “The loans will be collateralized at 133% … Read more
Scott Bessent believes a CBDC is only for countries that have no other investment alternatives He adds that many countries are only issuing CBDCs “out of necessity” Scott Bessent, President-elect Donald Trump’s pick for US Treasury Secretary, has said he sees “no reason” for the US to have a central bank digital currency (CBDC). Bessent … Read more
Cardano (ADA) is on the verge of a significant price rally, fueled by recent upward momentum and promising market indicators. The altcoin has achieved a noteworthy 30% increase since the beginning of the year, consolidating above $1 for the first time since April 2022, which suggests strong bullish sentiment. As veteran trader Peter Brandt stated, … Read more
In a recent conversation with Fundstrat’s head of digital asset strategy, Sean Farrell, it was posited that bitcoin could climb to $175,000 within the year. This statement came shortly after the firm’s co-founder, Tom Lee, asserted on CNBC that bitcoin is poised to be the top-performing asset of the year. Farrell’s Forecast: Bitcoin to Breach … Read more