Bitcoin has faced challenges in maintaining its price above $98,000 since early February, leading to speculation about potential Market manipulation. Analysts point to several influences affecting Bitcoin’s price, such as regulatory changes and economic conditions. Some believe that large exchanges may be using Bitcoin spot ETFs to drive prices down and liquidate traders. Although these ...
Bitcoin shows resilience after a recent flash crash that saw nearly $8 billion in leveraged positions liquidated. Despite a challenging resistance level just under $106,000, Bitcoin maintains a bullish trend, suggesting potential for further upward movement after a consolidation phase. In contrast, Ethereum continues to struggle amidst heavy selling pressure, despite bullish developments, leading to ...
Donald Trump’s proposal for the U.S. to establish a strategic Bitcoin reserve has sparked debate among economists and crypto enthusiasts. While Senator Cynthia Lummis introduced the BITCOIN Act of 2024 to acquire one million Bitcoins, many question the value of such a reserve, as Bitcoin’s utility remains largely speculative. Critics argue that Bitcoin should not ...
In 2024, DL News showcased some of the most captivating stories in the fast-paced world of crypto. Highlights included the dramatic detention of Binance executives in Nigeria over Market manipulation allegations, speculations around the true identity of Bitcoin creator Satoshi Nakamoto, and the fascinating rise of prediction betting on Polymarket. The potential threat of quantum ...
Coinbase, a leading cryptocurrency exchange, is facing a lawsuit for over $1 billion from BiT Global Digital Limited, a company based in Hong Kong. The lawsuit claims that Coinbase acted unfairly by delisting Wrapped Bitcoin (wBTC) from its platform to benefit its own product, cbBTC. BiT Global argues that Coinbase’s reasons for the delisting are ...
