Bitcoin briefly reclaimed $83,000 on Friday after plunging to a month-to-date low of $80,308 on Thursday, pushing its market cap back to $1.66 trillion. Resistance at $83,000 Triggers Volatile Trading Bitcoin rebounded Friday to briefly reclaim $83,000, signaling a potential end to a downturn that dragged the cryptocurrency to multi-week lows. The decline, fueled by […]
Celsius co-founder and former CEO Alex Mashinsky is permanently barred from crypto and securities businesses under a New York settlement announced Oct. 9. The agreement follows investor losses tied to misleading safety assurances and exposes him to up to $35 million in conditional payments. Permanent Ban Blocks Mashinsky’s Return to Crypto Business Alex Mashinsky faces […]
Bitcoin’s next breakout could depend on demand driven by concerns about U.S. public finances, Coinshares suggested Thursday in a market analysis. Fund withdrawals and a price retreat have challenged that outlook, despite the monetary appeal of assets outside government control. U.S. Debt Fears Put Bitcoin’s Monetary Role in Focus Concerns about U.S. public finances could […]
Bitcoin broke below $81,000 to an intraday low near $80,500, wiping out billions from its market cap. Over $1.1 billion in total crypto positions were liquidated, led by ether with $333 million. Middle East Tensions and Oil Surge Pressure Crypto Bitcoin (BTC) price dropped below the $81,000 threshold on Thursday amid a marketwide sell-off that […]
Representative French Hill still hopes for approval of the CLARITY Act after the midterm elections. Hill, who championed the FIT21 Act—an earlier attempt to establish clear rules for the crypto market—believes that the current agency-led regulatory approach “falls short” of what America needs to maintain leadership. House Financial Services Committee Chair Still Hopeful For Late […]
On Oct. 7, Galaxy Research disclosed that it had identified a batch of 100 bitcoin mined in July 2010 that had finally stirred after lying dormant for 16 years, 2 months, and 24 days. While it took a while to spend the 100 BTC from Satoshi’s era, this particular wallet moved around 894 BTC before […]
Kazakhstan already has a tenge stablecoin in a central-bank sandbox. Now it has brought Tether into the room to study another one. Tether, the National Bank of Kazakhstan, and the Alatau City Authority signed an exploratory memorandum on Wednesday covering a possible tenge-pegged stablecoin, asset tokenization, and decentralized finance (DeFi). No coin has been approved, […]