Solana’s price is flying high again on crypto exchanges. However, regulated investors value SOL tokens at an astounding premium in Grayscale Solana Trust (GSOL). The average SOL price on crypto exchanges was just under $62 Saturday afternoon U.K. time, according to data from CoinGecko. That puts the smart contract blockchain platform up over 49% in...Read More
Crypto returned to the limelight of financial markets in 2023 – but for a reason less flattering than skyrocketing crypto prices. A new report from the Commodities and Futures Trading Commission (CFTC) shows that crypto-related charges accounted for over half of the agency’s total enforcement actions this year. Cracking Down on Crypto In its 2023...Read More
In the ever-evolving landscape of cryptocurrency, tales of triumphs and tribulations echo through the digital corridors. One such saga unfolded on July 7, 2022, when VMU, the mind behind the notorious BITCOIN token, left a trail of turmoil by absconding with the marketing wallet of a project known as “UTILITY.” This incident marked a dark...Read More
The Indian government has lost $420 million in what could have been a substantial revenue stream as a result of its taxation, forcing traders to move their transactions outside the country. Experts are now suggesting that the Indian government should take a more relaxed approach to its controversial stance on crypto taxation. According to a...Read More
BitMEX Traders, BitMEX suffered from a major outage on 9 November 2023 from 17:05 until 21:43 UTC. While I appreciate that the larger price movements and volumes of the day had already occurred, the outage caused unnecessary hassle and distraction for you, our traders. In the past year, we have been deploying an in-depth revamp...Read More
In a shocking turn of events, a middle-aged Swedish couple fell victim to a violent home invasion orchestrated by a gang of masked men determined to steal their Bitcoin holdings. This incident, which unfolded earlier this week in the town of Rönninge, south of Stockholm, has highlighted the alarming trend of cryptocurrency-related robberies in Sweden....Read More
The crypto industry has displayed a massive price action this week as the market has added over $110 Billion in valuation. The market had started the month on a bullish note as the previous month had recorded the second most bullish month for cryptocurrencies in the past 25 months, with a gain of roughly 29%...Read More
BitMEX founder Arthur Hayes believes Bitcoin and Ether are crypto’s reserve assets while everything else is a shitcoin. While he assured that he loves shitcoins and is not a maxi(malist), Hayes went on to add that the first stop is always BTC since “Bitcoin is money and only money.” Hayes talks about what to purchase...Read More
Approximately a year after its implosion, the once-crypto giant has taken another step in trying to recover funds from third parties. In this case, FTX’s legal team has reportedly gone after a previous competitor – Bybit – for cryptocurrencies and cash valued at over $950 million. Bloomberg reported that FTX has already sued Bybit Fintech...Read More
As cryptocurrency adoption increases in Turkey, investors flock to the novel sector for different reasons, including the notion that they could enrich their pockets by trading digital assets. A new survey by the world’s largest crypto exchange, Binance, found that the potential for profits motivates roughly 66% of Turkish investors to trade digital assets. This...Read More
