Bitcoin Drops to Lowest Price in Six Months as Market Loses Confidence Bitcoin has found itself in rough waters, dropping to its lowest point in six months in the wake of mounting concerns over artificial intelligence (AI) and broader market jitters. The mood of risk aversion sent shockwaves through the crypto market, causing many investors…
Bitcoin Takes a Nose Dive, Altcoins Follow Suit If you thought Bitcoin was all about steady gains and moonshot predictions, this week proved otherwise. The world’s largest cryptocurrency slid nearly 9 percent, dragging major altcoins like Ethereum (ETH) and Solana (SOL) even deeper into the red. In a surprising twist, XRP managed to outpace its…
Bitcoin Slumps as AI Market Nerves Spread to Crypto: What’s Driving the Drop? The cryptocurrency world was rocked this week as Bitcoin slumped to its lowest point in six months, with prices tumbling below key support levels. Market watchers are pointing to a wave of uncertainty surrounding the artificial intelligence (AI) sector, which has added…
BlackRock’s BUIDL Fund Makes a Power Move Onto Binance BlackRock is making waves in the crypto world once again. Its $2.5 billion BUIDL fund, tokenized by Securitize, is now officially available as collateral on Binance, one of the world’s largest cryptocurrency exchanges. But that’s not all—the fund is also expanding onto the BNB Chain, adding…
Bitcoin and Zcash Communities Renew Feud as Privacy Concerns Take Center Stage The long-standing debate between Bitcoin and Zcash (ZEC) enthusiasts has reached a fever pitch after ZEC’s price smashed through the $700 barrier. With Zcash making headlines again, advocates from both camps are locked in fierce online battles over which cryptocurrency truly delivers on…
Ether Slides Below $3,100 as Investors Flock to Safer Bets Ethereum’s price took a hit this week, dropping below the closely watched $3,100 mark and fueling renewed questions about investor confidence in the world’s second-largest cryptocurrency. According to investment manager Timothy Peterson, ether exchange-traded funds (ETFs) have shed about 7% of their cost-basis capital over…
Bitcoin ETFs Experience Major Withdrawals, But Altcoin Funds Stay Resilient Bitcoin exchange-traded funds (ETFs) have faced turbulent times as investors continue to pull their money out at an unprecedented rate. According to recent reports by CCN, more than $3.43 billion has been withdrawn from U.S.-listed Bitcoin ETFs since October 10, raising concerns about the sector’s…
DOJ Pushes Back Against Acquittal for Tornado Cash Developer The legal saga surrounding Roman Storm, one of the developers behind the controversial crypto mixing service Tornado Cash, just took a dramatic turn. Last week, the U.S. Department of Justice (DOJ) filed a robust post-trial motion, urging the court to reject Storm’s request for acquittal. The…
Alibaba Partners With JPMorgan to Revolutionize Digital Payments With Tokenized System E-commerce powerhouse Alibaba is set to redefine global payments for its massive $35 billion commerce network. The company has announced plans to unveil a new tokenized global payment system by December 2024, utilizing state-of-the-art stablecoin technology. Partnering with financial giant JPMorgan Chase, Alibaba aims…
Dogecoin Soars While Shiba Inu Flips the Script Dogecoin is back in the spotlight after a dramatic rebound, bouncing sharply from a wave of heavy selling that looked like it might send the popular meme coin spiraling. Meanwhile, Shiba Inu, another fan favorite in the meme coin universe, initially broke through a key support level,…
