In a dramatic turn of events, Ethereum (ETH) faced a catastrophic capitulation this past weekend, witnessing a staggering decrease of over 30% in a single day. This abrupt downfall was propelled by widespread concerns surrounding a potential trade war in the United States, which ignited a wave of panic across the cryptocurrency market. The ripple
In a significant development for the cryptocurrency landscape, Kraken, a well-known digital asset exchange, has successfully obtained a Markets in Financial Instruments Directive (MiFID) license within the European Union. This recent milestone, announced on February 3, allows Kraken to broaden its regulated derivatives offerings throughout crucial European markets. The license was achieved through the acquisition
Over the past weekend, Bitcoin’s market experienced a catastrophic drop in open interest, erasing a staggering $4.5 billion in value, dwindling from $65 billion to a more modest $61.5 billion. This plummet sends a chilling signal to observers and traders alike: the prevailing market sentiment is decidedly bearish. The considerable decline can be tied directly
In the rapidly evolving landscape of cryptocurrency exchanges, security remains a paramount concern for users and companies alike. Recent analyses have brought to light the staggering financial losses incurred by Coinbase users due to social engineering scams, shedding light on systemic vulnerabilities that have yet to be adequately addressed. An investigation by on-chain investigator ZachXBT
The intersection of trade policies and cryptocurrency has become an increasingly critical topic in financial discussions, especially with the recent actions taken by the US administration concerning tariffs. Head of Strategy at Bitwise, Jeff Park, has boldly asserted that these tariffs could serve as a significant driver for Bitcoin’s growth in the long run, despite
The cryptocurrency market is notorious for its extreme volatility, often leading traders to utilize leverage to amplify their potential gains. However, this same leverage can become a double-edged sword, triggering liquidations when traders cannot meet margin calls. A recent controversy has erupted within the crypto community regarding the purported volume of liquidations occurring within the
India’s regulatory environment regarding cryptocurrencies is reportedly undergoing a significant transformation. As highlighted by recent developments globally, particularly in the United States, there appears to be a growing acceptance and adaptability toward digital assets. The Indian government, led by Economic Affairs Secretary Ajay Seth, is reassessing its previous rigid stance on cryptocurrencies, a move that
In the ever-evolving landscape of the cryptocurrency market, fluctuations are a common occurrence. However, certain tokens manage to carve out a path of resilience even in the face of adversity. Recently, the DeXe Protocol’s native token, DEXE, made headlines by breaking away from the prevailing bearish sentiment that swept through the broader crypto market. On
The cryptocurrency market has taken a significant hit recently, with the landscape dominated by a sea of red. A particularly alarming development is the steep decline of various meme coins, including Shiba Inu (SHIB), which has plummeted to its lowest value in four months. As of February 3, SHIB’s price dipped sharply to $0.00001284, marking
The cryptocurrency market is reeling from a catastrophic downturn, with market capitalization plummeting approximately 12% in just 24 hours, sinking to around $3.1 trillion. This sharp decline has erased over $400 billion in value in a single day, reminiscent of the market conditions seen in mid-November of the previous year. Traders are understandably anxious, as