Author name: Peter

The Biggest Driver Behind the Recent Surge in Bitcoin Price

Insights into the Factors Behind the Recent Surge Yiannis Giokas, a senior director with Moody's Analytics, has provided insights into the factors behind the recent surge in bitcoin's price, highlighting the anticipated approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Moody's Analytics, a subsidiary of Moody's Corp., focuses […]

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28 Crypto Service Providers Registered with India’s Financial Intelligence Unit, Says Government

The Indian government has revealed that 28 crypto service providers are currently registered with the country's Financial Intelligence Unit. Furthermore, the Ministry of Finance has clarified that the anti-money laundering guidelines and reporting requirements apply to offshore cryptocurrency exchanges servicing the Indian market. Registration of Crypto Service Providers India's Ministry of Finance answered some crypto-related

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Bitcoin Surges Past $39K, Reaches Highest Value in 19 Months

On Saturday, December 2, 2023, the cryptocurrency market experienced a positive trajectory, with a 1.91% increase, bringing the total market value to $1.48 trillion. The standout performer was bitcoin, which reached a peak of $39,705, the highest value it has achieved since late April 2022. Cryptocurrency Market Sees 2% Growth, Reaches $1.48 Trillion Valuation The

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El Salvador’s Bitcoin Investment Shows Positive Returns, Tracking Website Reveals

El Salvador's national Bitcoin treasury is showing promising results, according to the latest data from NayibTracker.com. The website closely monitors the performance of President Nayib Bukele's decision to invest in Bitcoin in 2021, tracking the time and date of purchases made by Bukele. A Profitable Investment The data reveals that the total investment of $127

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Bitcoin Price Analysis: Bullish or Bearish Outlook on December 4

Bitcoin's Price Movements on December 4, 2023 On December 4, 2023, the price of bitcoin experienced significant fluctuations, trading between $39,409 and $42,155 throughout the day. Notably, the cryptocurrency briefly surpassed the $42K mark, reaching a height not seen since the Terra LUNA crash. As of the time of writing, bitcoin is trading at $41,556

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Ethereum Technical Analysis: ETH’s Strong Averages Clash With Oscillator Signals

As ethereum reaches a significant price of $2,250, its movement within a 24-hour range of $2,151 to $2,271 reflects strong activity in the crypto market. With a substantial trade volume of $26.82 billion and a market capitalization of $269 billion, ether demonstrates its continued and dynamic presence in the digital currency landscape. Ethereum's Current Oscillators

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Altify: A New Alternative Investment Platform Launched in South Africa

Introduction Altify, a new alternative investment platform, has been launched in South Africa through a collaboration between two local crypto exchange platforms, Revix and Bitfund, and an Austria-based digital asset platform. The aim of Altify is to provide South African investors, especially the younger ones, with access to alternative investment opportunities that were traditionally reserved

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The Risks and Rewards of Digital Asset Token Staking for Institutional Investors

The Importance of SOC2 Attestation Reports Institutional investors looking to earn rewards from digital asset token staking need to be aware of the associated risks and take steps to protect their clients. Andrew McFarlane, the CTO at Validation Cloud, a Web3 infrastructure company, emphasizes that slashing is one particular risk that asset managers must be

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Gold Price Approaching Record High Amid Global Uncertainty, Surges to $2,071 an Ounce

The price of an ounce of pure gold is nearing its highest historical level, reaching $2,071 per ounce over the weekend. This surge is reminiscent of its record three years ago during the Covid-19 pandemic when spot gold prices soared to an unprecedented high of $2,072.50 per ounce on August 7, 2020. Gold's Potential Breakthrough

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