Observe. Think. Chat. Do. Trade. Repeat…
President Donald Trump has announced the creation of a ‘strategic crypto reserve’ that will include Bitcoin, Ethereum, XRP, Solana, and Cardano. This move aims to position the United States as the ‘crypto capital of the world’ and has already led to significant price increases for these cryptocurrencies. The announcement was made on Truth Social, where …
The crypto markets have entered one of their most turbulent phases since the 2022 downturn, and the shockwaves are rippling far beyond digital‑asset circles. What’s unfolding right now is not just another correction but a full‑scale confidence crisis, fuelled by regulatory pressure, liquidity stress, and a sharp reversal in investor sentiment. Collapse At the centre …
Bitcoin has officially entered a bear market, having fallen more than 25% from its October peak of $126,000. This downturn is rippling across the wider crypto sector, dragging Ethereum, Solana, and other altcoins into steep declines as investor sentiment turns risk-off. Bitcoin’s recent plunge below $95,000 marks a decisive shift into bear market territory. After …
Continue reading “Bitcoin’s Bear Market and Its Impact on Crypto in General”
In a surreal twist that briefly defied economic logic, Paxos—the blockchain infrastructure firm behind PayPal’s PYUSD stablecoin—accidentally minted $300 trillion worth of digital dollars in a technical mishap. The error, reportedly spotted on Ethereum’s public ledger Etherscan, triggered a wave of astonishment across crypto circles before Paxos swiftly burned the excess tokens and issued a …
The global financial landscape is undergoing a significant transformation as Asian economies accelerate their move away from the U.S. dollar. This trend, known as de-dollarisation, is driven by a combination of geopolitical uncertainties, monetary policy shifts, and efforts to reduce reliance on the greenback in trade and investment. The forces behind de-dollarisation For decades, the …
Continue reading “Asia’s shift away from the U.S. Dollar gains momentum”
The cryptocurrency market faced a significant downturn following the announcement of President Donald Trump’s U.S. Bitcoin reserve plan The initiative aimed to position the United States as a global digital asset leader fell short of market expectations, triggering a wave of selloffs. Bitcoin, the flagship cryptocurrency, experienced a 3% drop, trading at $87,586.86 before dipping …
Continue reading “Trump’s U.S. Bitcoin reserve plan falls short of expectations”
Bybit, one of the world’s largest cryptocurrency exchanges, has fallen victim to the biggest crypto heist in history Hackers managed to steal a staggering $1.5 billion in digital assets, primarily in Ethereum, from Bybit’s cold wallet, an offline storage system designed for ‘security’. This breach has sent shockwaves through the cryptocurrency community, raising concerns about …
Continue reading “Hackers steal $1.5 billion from Bybit exchange”
The advent of quantum computing presents both opportunities and challenges for the field of cryptography, especially in relation to cryptocurrencies. Quantum computers, leveraging the principles of quantum mechanics, have the potential to revolutionise computing by solving certain problems significantly faster than classical computers. One of the primary concerns is the impact of quantum computing on …
Bitwise Asset Management, a prominent player in the cryptocurrency investment space, has recently made headlines with its filing for a spot XRP exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This move marks a significant milestone as it is the first attempt to create an ETF specifically for XRP, the native token …
Continue reading “Bitwise files for first-ever spot XRP ETF”
The retail investment platform Robinhood has announced the introduction of cryptocurrency transfers in and out of its app for European customers As part of its international expansion efforts, the company aims to enhance its product offerings in the region. According to a blog post-dated Tuesday 1st October 2024, Robinhood will enable customers within the European …
Continue reading “Robinhood launches crypto transfers in Europe directly through its app”
Bitcoin is often likened to a type of digital gold, but Ether is seen more as a native cryptocurrency on the Ethereum blockchain. It is generally seen as a trade or bet on the growth and of the development of the blockchain and of crypto more widely. Many of the funds set to launch this …
On Thursday 23rd May 2024, the SEC sanctioned a rule amendment that clears the path for ETFs investing in ether, one of the largest cryptocurrencies globally. This move occurs less than half a year after the Securities and Exchange Commission greenlit Bitcoin ETFs. These funds have been a significant triumph for the industry, with net …
Continue reading “SEC approves rule change to allow creation of ether ETFs”
Bitcoin extended its slide on Tuesday 19th March 2024, dropping more than $10,000 from its all-time high last week. The cryptocurrency went below $63000. Last week it climbed to a record $73679. The move helped drag other cryptocurrencies lower. Ether lost more than 5% and was recently trading at $3,287.58 after topping $4,000 last week for – a drop some analysts …
Big news for the crypto industry Singapore’s financial regulator has reportedly said it had finalised rules for a type of digital currency called ‘stablecoin’, placing it among some of first the regulators worldwide to do so. Stablecoins are a type of digital currency designed to hold a constant value against a fiat currency. Many claim …