LONDON: Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28% to $31,500.The world's largest cryptocurrency has recently found support due to plans by fund managers, including BlackRock - the world's largest asset manager - to launch a US-listed spot bitcoin exchange-traded fund (ETF).Nasdaq refiled its application to list BlackRocks's ETF according to a filing made public on Monday after the US securities regulator had r...
Bitcoin rose back to a more than 17-month high amid hopes the Federal Reserve is done with interest-rate hikes and expectations that a fresh source of demand is brewing in the exchange-traded fund industry.The largest digital token added 4% in the past 24 hours and traded at $35,840 as of 10:53 a.m. in Singapore on Thursday. Some smaller coins climbed, including the Solana network’s SOL token, which is up 142% to $42 since mid-September.Bitcoin h...
Changpeng Zhao, commonly known as "CZ," is a prominent figure in the world of cryptocurrency, best known as the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume. Born in Jiangsu, China, in 1977, Zhao's journey to becoming a key player in the digital currency landscape is a tale of innovation, resilience, and foresight in the rapidly evolving world of technology.Early life and educationZhao was born into a ...
To pass the chartered financial analyst exams and put the “CFA” letters on your resumè, at least 900 hours of study are recommended. Hitting the books for 300 to 400 hours is advised for the certified public accountant exam, which is usually taken by prospective CPAs who have completed an undergraduate degree in the subject.However, to become a “Certified Cryptocurrency Expert,” or CCE, all you need is $229 and time for 11 hours of online coursew...
Bitcoin retreated from a six-week high as traders shift their focus to speculation the US may sell seized tokens just days after Donald Trump pledged to create a government stockpile of the cryptocurrency if elected president again. The US moved $2 billion of Bitcoin to a new digital wallet address on Monday, the blockchain research firm Arkham said in a post on the X social media platform.Market analysis firms speculated that the tokens are from...
Standard Chartered is ramping up its bullish Bitcoin prediction, targeting as much as $120,000 by the end of 2024 — almost quadruple the current price — as increasingly cash-rich miners reduce sales of the token.“Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” Geoff Kendrick at Standard Chartered wrote Monday.Bitcoin mining is an energy-in...
Bitcoin enthusiasts appear to be shrugging off last week’s outflows from US exchange-traded funds, with the largest cryptocurrency climbing back above $70,000 again. Most digital assets were higher Monday, with Bitcoin gaining as much as 7.1% to $70,816. That’s the first time the token has been above $70,000 in more than a week. Ether was up around 6%, while Solana and Dogecoin were both more than 4% higher.Almost $900 million was pulled from tho...
Binance Holdings Ltd is hiring 1,000 people this year with many earmarked for compliance roles as the crypto exchange’s annual spending to meet regulatory requirements, including US oversight under a plea deal, tops $200 million.Chief Executive Officer Richard Teng, who is visiting the US to talk to monitors and officials, outlined the employment goals for the world’s largest crypto trading platform in an interview with Bloomberg News in New York...
It was a day that started with something of a bang: the charismatic Alex Mashinsky, former chief executive officer of bankrupt crypto lender Celsius Network under arrest and charged with fraud. In a flurry of enforcement activity, the US Department of Justice, Securities and Exchange Commission, Commodity Futures Trading Commission, and the Federal Trade Commission all filed lawsuits against both Mashinsky and Celsius itself. Allegations against ...
NEW YORK: Sam Bankman-Fried, the co-founder of FTX, told a New York court he was aware that Alameda Research hadn’t taken steps to properly hedge its risk even as he approved billions of dollars of investments before both companies collapsed last year.Assistant US Attorney Danielle Sassoon used Bankman-Fried’s past interviews and other statements to undermine his attempts to distance himself from decisions at the hedge fund, which was affiliated ...
