In a significant turn of events, BIT Mining has found itself embroiled in a scandal that highlights serious lapses in corporate ethics and governance. The company recently reached a settlement with US authorities, agreeing to pay $10 million in penalties related to bribery allegations connected to Japanese government officials. These allegations revolve around illicit activities
Crypto
Bitcoin, the leading cryptocurrency, has experienced a remarkable run recently, reaching tantalizing peaks and coming close to the elusive $100,000 mark. However, just as quickly as it ascended, it has encountered a significant correction. After hitting a record high of approximately $99,800 across various exchanges, Bitcoin’s price has taken a sharp turn, retracting over $4,000
Bitcoin’s position as a leading cryptocurrency continues to spark debate among investors and economists alike, especially in light of its recent price surge. As of November 5th, the digital asset traded over 40% above its average price, prompting discussions about its future role in the economy. Insights from various stakeholders, including market analysts and seasoned
In a dramatic fluctuation of fortunes, Bitcoin recently struggled to breach the psychologically significant $100,000 mark. After an initial ascent in the earlier part of the week, where it reached an impressive high of approximately $99,800 on Friday, the cryptocurrency has since slid to about $98,000. This tiny setback, although less than anticipated by a
The last week marked a distinct divergence in the trajectories of Bitcoin and Ethereum-based exchange-traded funds (ETFs) in the U.S. While Bitcoin ETFs recorded an extraordinary surge in inflows, Ethereum ETFs languished under significant pressures, experiencing substantial outflows. These contrasting trends reflect broader market sentiment that may be influenced by recent political developments and investor
In a groundbreaking move that may reshape its portfolio, Charles Schwab is contemplating a foray into the world of crypto exchange-traded funds (ETFs). This potential shift comes on the heels of comments made by the company’s incoming CEO, Rick Wurster, who hinted at the firm’s readiness to explore spot digital currency trading contingent upon favorable
In recent years, the narrative surrounding cryptocurrency in China has oscillated dramatically, reflecting the tensions between innovation and regulatory oversight. A notable turn of events emerged when the Shanghai Songjiang People’s Court, led by Judge Sun Jie, affirmed that it is not illegal for individuals in China to hold cryptocurrencies. This landmark decision elucidates the
The recent presidential victory of Donald Trump has undeniably set the stage for transformative changes in the cryptocurrency arena. With the incoming administration promising a clearer regulatory framework surrounding digital assets, stakeholders in the cryptocurrency market are eager to understand the effects this transition could entail. Trump’s previous skepticism towards crypto has been replaced with
In its tumultuous and unpredictable journey, Bitcoin has once again flirted with the prospect of breaking the elusive six-digit price barrier. Despite its impressive climb that saw it breach the $90,000 mark just earlier this week, the cryptocurrency fell short of solidifying its position above $100,000. Although it reached an impressive peak of about $99,750,
The financial landscape surrounding cryptocurrencies is evolving at a breathtaking pace, and the emergence of Solana-focused Exchange-Traded Funds (ETFs) is stirring considerable excitement in the market. With notable issuers like Bitwise, Canary Capital, VanEck, and 21Shares vying for the title of the first Solana ETF, the competition is intensifying. As these entities have filed applications