Bitcoin shattered expectations by hitting the $60,000 mark on Wednesday, a feat not seen in over two years. This surge is part of a larger trend, with a 42% price increase in February alone, marking its most significant monthly gain since December 2020. Currently, the cryptocurrency stands at $60,131, nearing its all-time high just below $70,000.Week-on-week gainsThe digital currency is also on track for its most substantial week-on-week increase...
Crypto may emerge as the primary “Trump Trade” during the current election cycle with Republican prospects improving and the party’s standard bearer increasingly embracing a pro-crypto viewpoint, according to Bernstein analysts. Republicans see a favorable stance on the crypto industry as a way to both win over voters and get campaign funding from super PACs who back pro-crypto politicians, Gautam Chhugani and Mahika Sapra wrote in a report Monda...
Trump has also backed the idea of a strategic national Bitcoin stockpile, though many question the feasibility of the proposal. Bitcoin marked its first weekly decline since Donald Trump’s election victory as the Federal Reserve’s cautious policy outlook tempered optimism over the president-elect’s embrace of the crypto sector.The largest digital asset was down more than 7% for the seven-day period through 9:27am Monday in Singapore, the biggest...
One senior Binance executive has managed to stay out of the global spotlight over the past six years and counting — even now as governments everywhere intensify their crypto clampdown: Yi He.As a co-founder of the besieged digital-currency empire, she’s one of the most powerful players in the $1.2 trillion industry. She also has much to lose as the regulatory onslaught deepens and causes an existential crisis for crypto’s largest exchange.After s...
Money can’t buy love or friends, but it can help you find a lot of expert witnesses.FTX co-founder Sam Bankman-Fried may call seven expert witnesses, paying them up to $1,200 an hour, to testify on his behalf at his upcoming fraud trial.The witnesses would give evidence about campaign finance laws, valuations of FTX and its hedge fund affiliate Alameda Research and the crypto exchange’s software infrastructure and terms of service, according to a...
This week, a trial in the UK is addressing the most significant unresolved issue in the cryptocurrency realm: the identity of Bitcoin's creator, Satoshi Nakamoto. The ongoing trial involving Craig Wright, the self-proclaimed inventor of Bitcoin, has taken an bizarre turn with the emergence of explosive testimony from individuals claiming to be part of the cryptocurrency's elite.The trial, which centers around a multi-billion dollar dispute over B...
Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global stocks.The digital asset fell as much as 8.1% to hit the lowest since February, changing hands at about $54,190 as of 12:21 p.m. Friday in Singapore. Smaller coins like Ether, XRP and Cardano nursed steeper losses in some cases exceeding 10%.Crypto speculators currently face a range of challenges, including wanin...
AI image for representation only. On January 19, 2025, Melania Trump introduced her own cryptocurrency, the MELANIA meme coin, to her 3.2 million followers on X (formerly Twitter). The launch led to a rapid surge in the token's value, reaching a $4 billion market capitalization within 30 minutes, as reported by DEXScreener. This swift rise attracted nearly 20,000 investors within the first hour. The MELANIA token is described on its official web...
A shift by India to a less onerous crypto tax regime may be two years away, according to one of the nation’s key digital-asset exchanges.Indian officials last year imposed a 1% levy — known as TDS — on crypto transactions, causing trading volumes at exchanges to crash as market makers and high-frequency investors pulled back due to higher costs. One of WazirX’s main competitors has said the tax contributed to a 97% collapse in volumes at domestic...
Bitcoin's price soared to a new record, reaching over $70,000 for the first time amid a frenzy in the crypto market. The spike reflects escalating investor interest in newly launched US spot exchange-traded crypto products and the anticipation of declining global interest rates.Why it mattersThis surge marks a significant recovery from the crypto winter triggered by the collapse of the FTX exchange, renewing faith in digital currencies.The rally ...
