Bitfinex, a leading cryptocurrency exchange, has released its year-end Alpha report predicting that the total market capitalization of the cryptocurrency market, currently at around $1.6 trillion, has the potential to double to an astonishing $3.2 trillion. Despite facing various challenges in 2023, such as regulatory hurdles and reputation concerns, the company remains optimistic about the
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The Bitcoin market has once again faced resistance at the $44,000 level, signaling potential downside risks. As BTC continues to decline, it is crucial to assess the overall market sentiment and analyze key support and resistance levels. This article aims to provide a fresh perspective on the current state of Bitcoin and its potential future
As the popularity of NFTs and blockchain gaming continues to rise, a significant shift in the gaming model is occurring. Traditional “Pay-to-Play” is being challenged by the emergence of the “Play-to-Earn” approach. This new model allows players to earn money while playing games, providing a new source of income for gamers. However, critics argue that
Coinbase International Exchange recently announced that it has raised the leverage limits on its various perpetual future contracts to 10X. The update aims to empower users with more efficient trading strategies. However, it is important to critically analyze these changes and consider the potential risks involved. By upgrading the leverage to 10X on all perpetual
In a surprising and audacious move, U.S. Congressman Warren Davidson, with the support of House Majority Whip Tom Emmer, has made a compelling case for the dismissal of SEC Chair Gary Gensler in 2024. Citing alleged corruption and abuses of power, Davidson’s stance reflects the escalating tensions between the SEC and the digital asset sector
After temporarily scaling back in India, Worldcoin has now launched its services in Singapore. This latest development allows individuals in Singapore to verify their “unique humanness” at an Orb. This move comes after the release of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline. To further solidify its presence in Singapore,
Chinese authorities are intensifying their efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex) trading. The crackdown specifically targets the misuse of stablecoins like Tether (USDT) in unlawful transactions. This article examines the recent joint statement issued by the Supreme People’s Procuratorate and the State Administration of Foreign Exchange (SAFE), highlighting China’s
ARK Invest, the institutional asset management firm led by Cathie Wood, has made a significant move by liquidating all of its remaining holdings in the Grayscale Bitcoin Trust (GBTC), totaling $200 million. This adjustment in the portfolio comes ahead of the anticipated decision by the Securities and Exchange Commission (SEC) next month regarding the approval
Bitcoin SV (BSV) has experienced a remarkable surge in price, making it one of the biggest gainers in the recent bullish cryptocurrency market. The price of BSV skyrocketed by an astounding 53.74% yesterday, reaching $76.78. The bullish momentum continued with BSV surging an additional 19.03% today, reaching $91.27. Over the past two days, BSV has
Former U.S. President Donald Trump has been making waves in the cryptocurrency world, as a recent report from on-chain firm Arkham Intelligence reveals that a wallet linked to Trump has moved over $2.4 million worth of ether (ETH) to the popular crypto exchange Coinbase. This significant transition has caught the attention of the crypto community,
