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Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence On Monday, Jan. 22, 2024, the value of bitcoin dropped below the $40,000 mark for the first time in 48 days, according to market analysis. Over the past 24 hours, bitcoin has experienced a 4% decline, with a 14.2% decrease observed over the previous two […]

Introduction The US Commodities Futures Trading Commission (CFTC) recently announced that it has filed a civil enforcement action against Debiex, a fraudulent digital asset exchange platform. The CFTC alleges that Debiex used romance scam tactics to deceive potential investors and misappropriated $2.3 million in customer funds. This article will provide an overview of the case

FDUSD Emerges as One of the Fastest-Growing Stablecoins According to recent statistics, FDUSD, a stablecoin crypto asset, has experienced significant growth in its market capitalization. Since the beginning of the year, FDUSD's market cap has increased by $1 billion. Currently, the supply of FDUSD stands at 2.614 billion, reflecting a substantial 45.7% surge in supply

Morgan Stanley, a leading investment bank, has raised concerns over the possibility of the U.S. dollar losing its dominant position in the global financial system. The bank highlights the increasing scrutiny on the dollar's dominance and the growing interest in digital assets, particularly bitcoin. According to Morgan Stanley, this shift in focus towards reducing reliance

Lone Sniper Hits $7 Million Jackpot, Trio of Traders Net $1 Million Apiece During SAVM Crypto Launch A recent report from Arkham Intelligence has revealed that the launch of the satoshivm (SAVM) token two days ago resulted in three skilled crypto traders, known as 'snipers,' earning a profit of $1 million each. The most proficient

The head of India's central bank, the Reserve Bank of India (RBI), has raised concerns about the significant risks posed by cryptocurrencies, especially for emerging market economies. Speaking at the World Economic Forum in Davos, RBI Governor Shaktikanta Das emphasized the potential impact on financial stability, currency stability, and the monetary system. Warnings from RBI

In a recent interview, Rachel Aguirre, the head of product for Blackrock’s Ishares U.S., discussed the significant inflows seen by the firm's new spot bitcoin exchange-traded fund (ETF), known as IBIT. Aguirre emphasized that the IBIT ETF has attracted a diverse group of investors, including retail investors, self-directed investors, and those who were ready to

Dencun Upgrade Triumphs on Goerli Testnet After Initial Delay The Ethereum network has achieved a significant milestone by successfully implementing the Dencun upgrade on its Goerli testnet. This upgrade is part of Ethereum's ongoing efforts to introduce cost-effective data storage solutions on its blockchain. Unexpected Hiccup and Swift Resolution The highly anticipated Dencun upgrade, also

Economist and gold bug Peter Schiff is making a prediction about the future of Bitcoin. He believes that the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, will soon introduce strict regulations for cryptocurrencies. According to Schiff, these new regulations will result in a significant decline in the price of Bitcoin. However,

The Historical Significance of Gold Gold has been highly sought after for centuries, with its allure and value captivating civilizations throughout history. However, the environmental cost of gold mining is often overlooked. With the continuous degradation of the environment and the increasing demand for a store of value, it is crucial to compare the environmental