Bitcoin Cash drops 55.76% since launch and presently trading around $245.92 on the cryptocurrency exchange. Find out in this article whether to invest or evade in 2023 and beyond along with Bitcoin Cash (BCH) price prediction till 2050. Bitcoin Cash or BCH is a hard fork of the leading cryptocurrency, Bitcoin and the token aims … Read more
MicroStrategy, the leading business intelligence firm headed by Michael Saylor, has further strengthened its position in the world of cryptocurrency by acquiring Bitcoin worth a staggering $347 million. This latest purchase marks a significant milestone in MicroStrategy’s ongoing efforts to expand its crypto holdings. Quick facts: The company’s commitment to Bitcoin is evident in its … Read more
In a move that further validates the growing interest in cryptocurrency, asset manager Fidelity is set to file for a spot Bitcoin exchange-traded fund (ETF). Joining the ranks of other major players in the financial industry, Fidelity’s decision underscores the increasing demand for regulated investment vehicles tied to digital assets. Quick facts: According to a … Read more
The U.K. Law Commission, an independent body funded by the Ministry of Justice, has unveiled a groundbreaking recommendation that could revolutionize the use of cryptocurrency as collateral in the country. Quick facts: The proposal involves the creation of a tailored legal framework specifically designed to address the unique challenges and requirements associated with crypto assets. … Read more
In a move to address the growing influence of cryptocurrencies in the traditional financial sector, EU lawmakers have reached a consensus on the implementation of capital requirements for banks that hold crypto assets. Quick facts: The decision comes as part of a transitional prudential regime aimed at ensuring the stability of the financial system while … Read more
In a major breakthrough, the ongoing debt recovery efforts by FTX, a prominent cryptocurrency exchange, have resulted in the retrieval of approximately $7 billion in liquid assets, as revealed in a recent investigative report. While this represents a significant milestone in addressing the exchange’s outstanding debt, it still falls short of the substantial $8.7 billion … Read more
Binance, a major force in the cryptocurrency exchange space, is now facing a significant decline in market share due to a series of regulatory hurdles. Quick facts: The world’s largest crypto exchange has been grappling with various legal challenges and regulatory actions, resulting in a substantial erosion of its market dominance. According to Bloomberg, Binance’s … Read more
BitGo, a leading cryptocurrency custody provider, has faced a setback in its bid to acquire Prime Trust, a financial institution specializing in custodial and escrow services for digital assets. Quick facts: According to a recent tweet from BitGo’s official Twitter account, Prime Trust’s regulatory difficulties have caused the planned acquisition, which was just over two … Read more
The largest cryptocurrency in the world, Bitcoin (BTC), experienced a significant upswing this week and reached a two-month high thanks to a number of applications for an exchange-traded fund (ETF) that tracks the digital asset. The surge of as much as 14% over the past three days has sparked optimism and renewed speculation regarding increased … Read more