The recent disappointment regarding the US Strategic Bitcoin Reserve highlights unrealistic expectations from investors, say experts. President Trump’s executive order on March 7 allows the government to use seized Bitcoin rather than purchasing it from the Market. This led to a shock drop in Bitcoin’s price, falling over 6%. Experts believe this cautious approach aligns ...
On March 7, US President Donald Trump will hold the first White House Crypto Summit to engage industry leaders in discussions about cryptocurrency regulations, stablecoin oversight, and Bitcoin’s role in the US economy. The summit, led by White House crypto czar David Sacks and executive director Bo Hines, will feature prominent figures from the crypto ...
Bybit, a prominent cryptocurrency exchange, has recently suffered a massive cyber theft, losing around $1.5 billion in crypto tokens, marking one of the largest hacks in the industry. This incident follows the end of Bybit’s sponsorship with Red Bull Racing, which had elevated its brand in the Formula 1 scene. Despite averaging over $36 billion ...
The Nigerian government is moving towards taxing cryptocurrency transactions to boost revenue, with a new tax framework bill expected to be approved soon. The Securities and Exchange Commission (SEC) is working on establishing a formal taxation system for crypto transactions on regulated exchanges while also aiming to issue more licenses to these platforms. This initiative ...
Bitcoin has seen an incredible surge in value recently, breaking past $100,000 in December 2024, and industry experts are optimistic about its future. With Donald Trump’s election win leading to expectations of a more favorable regulatory environment for cryptocurrencies, analysts predict Bitcoin could reach new highs in 2025, with estimates ranging from $150,000 to $250,000. ...
Donald Trump’s recent election led to a surge in cryptocurrency prices, with Bitcoin reaching record highs. However, this momentum is now fading, and Bitcoin’s price has dropped significantly. The excitement stemmed from the belief that Trump’s policies would favor cryptocurrencies, contrasting with President Biden’s stricter regulations. Trump’s leadership choices, including pro-crypto figures, further fueled speculation. ...
Haliey Welch, known as the Hawk Tuah Girl, is facing legal complications related to her involvement with the HAWK meme coin. The cryptocurrency, which briefly reached a $490 million Market cap, has been sued for failing to register as a security. Although Welch isn’t named in the lawsuit, plaintiffs claim her participation misled investors into ...
Since Donald Trump’s recent election win, a surge in the value of quirky cryptocurrencies, known as memecoins, has taken place. Traders are speculating that Trump’s administration will support crypto-friendly regulations, leading to an explosion of new tokens inspired by viral internet moments, including representations of animals and popular memes. Established memecoins like Dogecoin have seen ...
XRP has recently experienced a remarkable surge, climbing above the $2 mark for the first time since early 2018, peaking at $2.49. This impressive growth of over 70% in just a few days has caught the attention of industry experts, including TechCrunch founder Michael Arrington, who described XRP as “a beast.” The cryptocurrency’s Market capitalization ...
The cryptocurrency Market is currently experiencing a surge, but retail investors seem hesitant to jump back in, likely due to memories of the rapid downturn during the 2021 bubble. While Bitcoin trading is increasing, experts note that interest from retail investors has not yet matched previous highs, indicating many are still watching from the sidelines. ...
