This week, we observe a revitalized cryptocurrency market with Bitcoin rising 25%, Conflux soaring 125%, and significant growth in other tokens like Mask Network, Fantom, and Neo. Driven by substantial market events and upgrades, these coins illustrate a shift as investors turn to digital assets amid banking sector turmoil, showcasing potential for further growth. The … Read more
SoFi Technologies will discontinue crypto services by Dec. 19, allowing users to transfer accounts to Blockchain.com or face account closure. Users should be aware of potential tax implications from liquidating assets, and specific regulations apply based on state residency. New York customers have separate rules, as they cannot migrate and will need to liquidate holdings. … Read more
Executives in the cryptocurrency sector are optimistic about an upcoming golden era under the new US administration, bolstered by bitcoin’s recent price surge. Yet, with potential risks from overconfidence and volatile political waters, the market faces challenges. The dynamics of public policy, regulation, and technological demand hint at a transformative period ahead for blockchain and … Read more
Bitcoin’s price has fallen below $94,500, reflecting investor caution after strong U.S. economic data indicated fewer rate cuts from the Fed in 2025. Major altcoins also saw declines, with only a few, like XRP, managing to hold steady. Analysts suggest this dip could be temporary, but the crypto market remains sensitive to macroeconomic fluctuations. In … Read more
Bitcoin, since its debut in 2008, oscillates between being seen as an equitable currency and a facilitator of crime. Its pseudonymous nature enables capital flight and illicit activities, raising alarms among governments. Responses vary widely: while some nations adopt it, others ban it or regulate it stringently. As regulations continue to evolve, the tension between … Read more
Elon Musk’s X is reportedly set to launch X Money, a payment service that may embrace Bitcoin and other cryptocurrencies, stirring market excitement as Bitcoin approaches $100,000. Although details are scarce and the launch may happen without full state approvals, speculation is rife regarding the impact on Bitcoin prices and digital finance integration. In a … Read more
Bitcoin’s price briefly topped $69,000, breaking its previous all-time high driven by substantial institutional investments. The cryptocurrency has surged over 50% in a month as firms like Blackrock and Fidelity buy large quantities, facilitated by the approval of Bitcoin ETFs. Despite the highs, experts caution about its history of volatility and significant market fluctuations. In … Read more
Phantom has dismissed rumors of a token airdrop after launching new social features designed to enhance user experience. The wallet is also integrating the Sui blockchain, marking its fourth layer-1 blockchain support. Despite experiencing technical challenges, Phantom continues to grow in the cryptocurrency wallet space with plans for future development. Phantom, the burgeoning digital asset … Read more
The Ethereum ‘Pectra’ upgrade is set to enhance user experience by allowing gas fees to be paid with USDC, expand validator staking limits to 2048ETH, and improve data infrastructure with the Verkle Tree. Aimed at facilitating broader blockchain access and minimizing entry barriers, the upgrade represents a strategic effort for Ethereum to regain its dominance … Read more
Bitcoin prices are surging, nearing $100,000, as expectations grow for significant economic stimuli from China. Amidst concerns of economic collapse, traders speculate on China’s bond market actions and their potential impact on cryptocurrency investments. The burgeoning interest from a younger generation of investors fuels forecasts of a booming bitcoin market in 2025. Bitcoin is experiencing … Read more