International Daily Finance News
Application-specific integrated circuit (ASIC) chips are crucial to the Bitcoin mining landscape, engineered solely for optimizing the resolution of Bitcoin’s SHA-256 algorithm to secure block rewards. The industry is currently dominated by a few key players, particularly Bitmain, whose Antminer…
Bitcoin (BTC) approached the $83,000 mark during the Wall Street open on March 14, as traders gauged the market conditions necessary for a bullish turnaround. Amidst this environment, BTC/USD registered a daily gain of up to 5% before entering a…
The cryptocurrency market experienced another tumultuous week, characterized by significant volatility and emerging trends that have caught the attention of investors and analysts alike. After a relatively quiet weekend, where Bitcoin (BTC) hovered around $86,000 with minimal fluctuations, the start…
Hong Kong’s fintech landscape is burgeoning, with promising growth projections driven by cutting-edge innovations in blockchain, digital assets, and artificial intelligence. Currently, the region boasts over 1,100 fintech firms, including 175 focused on blockchain applications and 111 specializing in digital…
The U.S. Securities and Exchange Commission (SEC) is contemplating a significant regulatory shift regarding XRP, potentially classifying it as a commodity rather than a security. This development appears to arise from ongoing settlement negotiations between the SEC and Ripple Labs,…
The current market climate is highlighting gold’s resiliency as a “store of value,” a title that the precious metal has reclaimed amidst recent economic turbulence. April gold futures have surged past the $3,000-per-ounce mark for the first time ever, solidifying…
Bitcoin speculators have faced a staggering setback in the first quarter of the year, with losses exceeding $100 million within just six weeks. This alarming downturn can be attributed to a fervent wave of panic selling among short-term holders (STHs),…
Ethereum (ETH) This week, Ethereum experienced a significant downturn, falling by 13% after failing to maintain its position above the crucial $2,000 mark. With this psychological threshold breached, buyers have shifted their focus to the support level at $1,800, a…
Industry analysts are sounding alarms following the catastrophic collapse of the Libra (LIBRA) token, which saw a staggering $4 billion wiped off its market cap. This turmoil, triggered by insider cash-outs, has raised significant concerns regarding the safety and economic…
High-risk assets, particularly tech stocks and cryptocurrencies, have faced a significant sell-off recently, largely driven by escalating trade tensions linked to Donald Trump’s economic policies. This selling trend has been reported as part of a broader strategy aimed at tackling…
In a recent ruling from a Texas federal court, Bancor DAO, the operator behind the decentralized finance platform Bancor, has been dealt a significant legal blow. The court, presided over by Judge Robert Pitman, issued a default judgment against Bancor…
Following a significant liquidation event on Hyperliquid, which resulted in a $4 million loss for the decentralized exchange (DEX), discussions have emerged labeling the occurrence a vital stress test for decentralized finance (DeFi) protocols. Analysts are examining the potential ramifications…
House Representative Gerald E. Connolly from Michigan has recently intensified his criticism of the Trump administration’s proposed establishment of a strategic cryptocurrency reserve, urging the U.S. Treasury to halt any attempts to create such a reserve. In a letter addressed…
Kuna, Idaho, is more than just a place to live for Kristi Hardy—it’s a community she is deeply invested in, a town where she tirelessly works to make a difference. Whether it’s through her small business, her advocacy for education,…
Vermont’s Department of Financial Regulation recently announced the decision to rescind its “show cause order” against Coinbase, amidst allegations that the crypto exchange was offering unregistered securities via its staking service. This move comes in conjunction with the U.S. Securities…
A recent vote on the Solana blockchain has resulted in a significant political and economic standoff. The proposed SIMD-0228, aimed at overhauling the network’s current inflation model, failed to gather enough support, leaving Solana’s high annual staking rewards intact for…
The upcoming introduction of Solana’s futures contracts on the Chicago Mercantile Exchange (CME) is poised to mark a significant milestone for the asset, hinting at the forthcoming approval of Solana-based exchange-traded funds (ETFs) in the United States. Chris Chung, the…
MGX has made a groundbreaking move in the crypto sector with its recent investment of $2 billion in Binance, potentially setting a precedent for future funding deals within the industry. This investment not only marks MGX’s debut into the digital…