International Daily Finance News
Many investors tend to categorize BNB as merely "the Binance coin," overlooking its expansive potential as a decentralized asset with diverse applications. Launched as the native cryptocurrency on the Binance Chain, now known as the BNB Smart Chain, BNB has…
XRP, the cryptocurrency that has gained prominence for its utility in cross-border payments and banking partnerships, has shown resilience amidst a recent market downturn. Following a notably volatile period, XRP has rebounded with a 6% increase over the past 24…
Bitcoin is currently traversing a narrow price range, ensnared between the support level of $78K and resistance indicated by the 200-day moving average at $83K. Observers are keenly watching for a breakout from this constricted range, as it is likely…
The recent passage of H.J. Res 25 by the U.S. House of Representatives marks a significant shift in the regulatory landscape for decentralized finance (DeFi) in the United States. This bipartisan-supported resolution effectively nullifies the Internal Revenue Service’s (IRS) contentious…
Market Overview: Bitcoin’s Resilience Amidst Broader Economic Concerns Bitcoin continues to display resilience, maintaining values above $80,000 amid shifting macroeconomic conditions. Recent developments have sparked notable price movements, with Bitcoin’s dominance surging to 62%, a level not seen since the…
Bitcoin (BTC) surged to $83,700 during the early Asian hours on March 12, following a dip to $76,600 on March 11. This fluctuation, marked by a minor uptick in market sentiment, raises uncertainties regarding the cryptocurrency’s path in the coming…
Senator Cynthia Lummis recently took a significant step in pushing her vision for cryptocurrency legislation forward. On March 11, she announced the reintroduction of the Bitcoin Act, formally known as the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide…
Earlier this week, Bitcoin (BTC) saw a significant decline, briefly slipping to a four-month low of just under $77,000. This downturn didn’t escape the notice of Peter Schiff, the vocal gold advocate and cryptocurrency critic, who wasted no time in…
The bullish sentiment following Donald Trump’s win in the November 5 Presidential elections appears to be dissipating, as indicated by the spread between continuous next-month and front-month Bitcoin (BTC) futures traded on the CME. This narrowing spread has reached $495,…
Bitcoin buyers are currently facing significant losses, particularly those who entered the market at or near its all-time high of $109,000 in January. Recent data from on-chain analytics firm Glassnode reveals that this surge of buying activity has led to…
The US Securities and Exchange Commission (SEC) has once again delayed its decision on a number of exchange-traded funds (ETFs) associated with popular cryptocurrencies like XRP, Solana, Litecoin, and Dogecoin. In a series of filings released on March 11, the…
Bitcoin experienced a notable 7% surge within 24 hours, achieving a trading price of $82,910, up from a low of $79,356, as recorded by CoinMarketCap. Despite this rally, various valuation metrics suggest a bearish outlook for the cryptocurrency market, as…
A significant disruption occurred on the social media platform X on Monday, impacting users globally. The outage led to widespread connectivity issues, with users reporting numerous error messages. During its peak, Downdetector noted over 40,000 complaints about the service’s instability,…
U.S. Senator Cynthia Lummis has reintroduced the BITCOIN Act, a significant legislative move aimed at establishing a strategic reserve for Bitcoin within the U.S. government. This proposal, which seeks to enable the government to acquire and manage over 1 million…
Bitcoin’s (BTC) recent volatility has left many in the cryptocurrency space anxious, pondering whether the downturn will deepen or if a recovery is on the horizon. Insights from market analytics firm Santiment suggest that current on-chain metrics could provide valuable…
In a significant move, the U.S. House of Representatives has voted overwhelmingly to overturn an IRS rule that classified crypto entities as brokers. This rule mandated that these entities collect specific taxpayer and transaction information, which included requirements for decentralized…
Bitwise recently announced the launch of the Bitwise Bitcoin Standard Corporations ETF (OWNB), which is designed to provide investors exposure to publicly traded companies that hold significant Bitcoin assets. The ETF, introduced on March 11, aims to track the Bitwise…
Broader economic concerns, including recession fears and stubborn inflation, have rattled the crypto market, leading to a sharp downturn. Bitcoin has struggled under these conditions, which, in turn, has forced miners to sell more BTC to sustain operations. As a…