Tag: Crypto
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Bitcoin Bull Market Poised to Redefine Its Role in Modern Portfolios, Says Fidelity
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Institutional Adoption and Market Maturity Fuel BTC’s Long-Term Potential Bitcoin’s ongoing bull market is signalling a fundamental shift in its role within modern investment portfolios, according to new research from Fidelity Digital Assets. The report highlights how rising institutional participation, increased market maturity, and significant capital inflows are reshaping the cryptocurrency’s long-term position as a…
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Bitcoin Suisse Eyes UAE Expansion with Regulatory Nod from Abu Dhabi
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Swiss crypto financial services provider Bitcoin Suisse has taken a significant step towards expanding its footprint beyond Europe, securing an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This marks the company’s first move outside the European Union and positions Abu Dhabi as a key market…
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Yield-Bearing Stablecoins Surge to $11B, Now 4.5% of Market Share
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Yield-bearing stablecoins have rapidly gained traction in the crypto sector, soaring to $11 billion in circulation and now making up 4.5% of the total stablecoin market. This marks a substantial rise from just $1.5 billion and a 1% market share at the beginning of 2024, fuelled by increasing demand, shifting investor preferences, and greater regulatory…
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Supreme Court Urges Indian Government to Regulate Cryptocurrency Amid Growing Concerns
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The Supreme Court of India has raised serious concerns over the government’s failure to regulate cryptocurrencies despite imposing a 30% tax on digital assets like Bitcoin. The court warned that the continued use of unregulated cryptocurrencies poses potential risks to the country’s economic stability. “A Parallel Economy” During a hearing related to an ongoing investigation…
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Ethereum Slips Below Key Support as Market Faces Broader Sell-Off
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Ethereum (ETH) experienced a sharp decline on 19 May, dropping over 5% to trade around $2,380 as bearish momentum gripped the broader cryptocurrency market. The fall, which saw ETH touch an intraday low of $2,353 after a high of $2,587 the previous day, came amid a wave of long liquidations and economic uncertainty sparked by…
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Tether Surpasses Germany in US Treasury Holdings, Strengthening Its Position Amid Crypto Volatility
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Tether, the issuer of the world’s largest stablecoin USDt (USDT), has surpassed Germany’s holdings of United States Treasury bills, marking a significant milestone in the company’s conservative reserve strategy. With over $120 billion in US Treasurys, Tether now ranks as the 19th largest holder globally—outpacing several major economies. Tether Outpaces Germany with $120 Billion in…
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Ethereum More Resistant to 51% Attack Than Bitcoin, Says Researcher Justin Drake
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Ethereum researcher and Merge architect Justin Drake has claimed that launching a 51% attack on Bitcoin would be significantly cheaper than on Ethereum. According to Drake, such an attack on Bitcoin could cost as little as $10 billion, compared to much higher costs associated with Ethereum’s proof-of-stake (PoS) network. Cost of a Bitcoin Attack ‘Much…
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Bitcoin Breakout Odds Rise Amid All-Time Highs and $90K Pullback Concerns
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Bitcoin Consolidates Near Record Levels as Traders Eye Breakout Bitcoin remains locked in a tight range as traders brace for a significant price move, with speculation building over whether the cryptocurrency will surge to new all-time highs or face a sharp correction toward $90,000. At the Wall Street open on May 16, BTC/USD hovered between…
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Coinbase Shares Slide 7% Amid SEC Probe and Cyberattack
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Coinbase, one of the world’s largest cryptocurrency exchanges, saw its stock tumble 7% in after-hours trading to $244 on 15 May, following reports of a significant cyberattack and a revived US Securities and Exchange Commission (SEC) investigation into its user metrics. SEC Questions 2021 ‘Verified Users’ Claim The SEC is investigating whether Coinbase misrepresented the…
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Tether Blacklist Delay Enables $78M in Illicit Transfers: AMLBot Report
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A recent report by blockchain compliance firm AMLBot has revealed that a significant delay in Tether’s USDT blacklisting process enabled the transfer of over $78 million in illicit funds before enforcement actions took effect. The findings raise serious concerns about the effectiveness and timeliness of Tether’s compliance mechanisms on both the Ethereum and Tron blockchains.…