Bitcoin Cash drops 55.76% since launch and presently trading around $245.92 on the cryptocurrency exchange. Find out in this article whether to invest or evade in 2023 and beyond along with Bitcoin Cash (BCH) price prediction till 2050. Bitcoin Cash or BCH is a hard fork of the leading cryptocurrency, Bitcoin and the token aims … Read more
In the rapidly expanding world of cryptocurrencies, Shiba Inu (SHIB) has emerged as one of the most popular meme coins, capturing the attention of investors and enthusiasts alike. Quick facts: While the meme coin’s price recovery has been slower than anticipated, experts are maintaining an optimistic outlook for SHIB, predicting promising prospects and a potential … Read more
Israeli security agencies have successfully exposed a route for financing terrorism through digital currencies. The operation, a first of its kind, led to the seizure of $1.7 million from crypto accounts linked to Iran’s Quds Force and the Hezbollah terrorist organization. Quick facts: The meticulous operation was made possible through the use of innovative blockchain … Read more
In a move that further validates the growing interest in cryptocurrency, asset manager Fidelity is set to file for a spot Bitcoin exchange-traded fund (ETF). Joining the ranks of other major players in the financial industry, Fidelity’s decision underscores the increasing demand for regulated investment vehicles tied to digital assets. Quick facts: According to a … Read more
The U.K. Law Commission, an independent body funded by the Ministry of Justice, has unveiled a groundbreaking recommendation that could revolutionize the use of cryptocurrency as collateral in the country. Quick facts: The proposal involves the creation of a tailored legal framework specifically designed to address the unique challenges and requirements associated with crypto assets. … Read more
In a move to address the growing influence of cryptocurrencies in the traditional financial sector, EU lawmakers have reached a consensus on the implementation of capital requirements for banks that hold crypto assets. Quick facts: The decision comes as part of a transitional prudential regime aimed at ensuring the stability of the financial system while … Read more
In a major breakthrough, the ongoing debt recovery efforts by FTX, a prominent cryptocurrency exchange, have resulted in the retrieval of approximately $7 billion in liquid assets, as revealed in a recent investigative report. While this represents a significant milestone in addressing the exchange’s outstanding debt, it still falls short of the substantial $8.7 billion … Read more
Former executives of FTX, a well-known cryptocurrency exchange, have faced allegations of channeling funds toward ventures unrelated to their core business. Among these ventures is the notable “Pineapple House,” an extravagant expenditure amounting to an astonishing $1.8 million. Quick facts: The allegations, outlined in an investigative report by FTX restructuring chief and CEO John Ray, … Read more
In the latest blow to Binance, the world’s largest cryptocurrency exchange by trading volume, its European expansion campaign faces increasing hurdles as the company struggles to obtain licenses in a number of countries. Quick facts: Binance has reportedly withdrawn its application for registration with the Austrian Financial Market Authority (FMA). According to FinanceFWD, a German … Read more
Swiss prosecutors have taken a significant step in the ongoing legal saga surrounding Do Kwon, the co-founder of Terraform Labs, by freezing approximately $26 million worth of cryptocurrencies and US dollars believed to be associated with him and his associates. Quick facts: The asset freeze comes as a result of requests made by the New … Read more