In a significant move for the cryptocurrency landscape, Coinbase, one of the largest crypto trading platforms in the United States, has officially launched its Wrapped Bitcoin product, known as cbBTC, which is now operational on both the Base and Ethereum blockchains. This strategic development follows the platform’s earlier integration of the Lightning Network, aimed at
The recent introduction of the Property (Digital Assets, etc.) Bill by the Law Commission of the United Kingdom (UK) Parliament has significant implications for the legal recognition of digital holdings. This proposed legislation seeks to classify cryptocurrencies, non-fungible tokens (NFTs), and carbon credits as personal property under British law. This groundbreaking development represents a major
In a bid to combat the rise of crypto scams referred to as “pig butchering,” the Commodity Futures Trading Commission (CFTC) has teamed up with various federal and private organizations. These scams have resulted in significant financial losses, primarily due to the lack of awareness and understanding among consumers. The CFTC’s initiative is focused on
Nubank, a prominent fintech bank, recently made the decision to suspend trading for its cryptocurrency, Nucoin. This abrupt change was announced in a blog post on September 10, where the bank disclosed that Nucoin can no longer be bought or sold within its app. The cryptocurrency was initially launched in late 2022 on the Polygon
Bitcoin may be facing a downtrend, but fundamental analysis suggests that it is in a healthy position. Despite struggling to maintain stability above $54,000 and break through the $57,000 mark, recent analysis by crypto analyst Kaleo indicates that Bitcoin is exhibiting healthier dynamics than it did in the previous halving cycle. Kaleo’s analysis compares Bitcoin’s
Samuel Edyme, popularly known as HIM-buktu in the web3 space, is a multifaceted individual with a passion for writing, journalism, and trading. His journey into the world of cryptocurrencies was not your typical success story. In fact, it started with a painful encounter with a Ponzi scheme that left him disillusioned. However, rather than giving
The cryptocurrency market has been experiencing a period of recovery, with Ethereum (ETH) leading the way by making modest gains in the past 24 hours. After a sharp decline that saw ETH’s price drop to $2,154 last Friday, the digital asset is now inching closer to the $2,400 mark, sparking optimism among investors. Market expert
In recent news, Binance announced that its subsidiary, Tokocrypto, has obtained a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This achievement makes Tokocrypto the third exchange in Indonesia to receive such a license, highlighting the company’s commitment to regulatory compliance and growth in the crypto market. The CEO
Back in 2019, Cardano experienced a significant drop of 57% when the Federal Reserve decided to implement a rate cut. This move by the Federal Reserve led to a series of events that resulted in a bearish trend for Cardano, ultimately causing a major decline in its value. Fast forward to the present, with another
Bitcoin (BTC) has seen a resurgence in recent times, with significant price spikes indicating the possible start of a long-awaited bullish market trend. The cryptocurrency is once again testing the $57,000 level, and this renewed momentum could potentially lead to a positive price rally, bringing about more gains for Bitcoin investors. Santiment’s Market Insights Market