Author: finance
Stepping into a new era of financial advancements, South Korea is reportedly going to relax its previous limitations on institutional cryptocurrency investments. The Secretary-General of South Korea’s Financial Services Commission (FSC) has recently brought forward the organization’s commitment to re-evaluate its restrictions in light of the evolving regulatory approach in South Korea towards cryptocurrencies. FSC’s Proposal to Soften Rules As per Wednesday’s report by the Yonhap News Agency, the Secretary-General of the FSC, Kwon Dae-young, declared that legal bodies will be permitted to start investing in cryptocurrencies this year. Kwon expressed that the regulatory authority aspires to reduce its constraints…
As the year unfolds, the cryptocurrency universe is set to witness groundbreaking advancements. With Ethereum’s forthcoming Pectra update and the anticipated success of Solana’s first Layer-2 network, Solaxy, 2025 looks ripe with potential for crypto enthusiasts. Upcoming Developments in the Ethereum Network Ethereum enthusiasts have much to look forward to. The first quarter of 2025 will witness the roll-out of Ethereum’s Pectra update, designed to enhance the ecosystem with numerous improvements such as augmenting the network’s scalability, reducing the cost of Layer-2 solutions, providing extra flexibility to network validators, and refining the experience for Ethereum developers. Additionally, the introduction of…
The meme cryptocurrency market has seen a decline in trading volume by 52% since the beginning of December. However, it’s not all gloom and doom. Just a year ago, the 24-hour trading volume for meme coins was at $1.75B, and today, that volume has catapulted to $11.55B – a staggering growth of 560%. Even as the post-election rally cools down, the meme sector continues to present lucrative income opportunities – the challenge lies in identifying the right project for investment. Traditional options like $DOGE no longer guarantee secure returns, particularly in the face of emerging projects such as $SPX and…
Diving headfirst into the diversifying world of digital assets, Bitfinex Derivatives has embarked on a significant expansion. By securing a Digital Asset Service Provider (DASP) license in El Salvador, the platform is now set to extend its derivatives trading offerings across Latin America. This strategic move is a response to the overt support for cryptocurrency in El Salvador, a landscape that Bitfinex hopes to leverage. Is This A Game Changer in Regulations? Equipped with the DASP license, Bitfinex Derivatives can now work within the regulated parameters set by El Salvador’s Digital Assets Issuance Law. This law, enacted in early 2023,…
As the cryptocurrency market experiences a seismic shift, Bitcoin’s value shows some fluctuation, making investors anxious. The crypto giant was gearing up to sustain its bullish run, with the price predicted to cross the $100,000 mark. Instead, the price is oscillating around $95,000, leading to fears about the stability of the current bullish trend. Prominent market analyst, Axel Adler, recently revealed enlightening data on the crypto market. This data showed a significant change in the market’s profit metrics, with the average daily realized profit falling from $136 million to $93 million. While this indicates a potential slowdown, it’s worth noting…
The cryptocurrency king, Bitcoin, has faced a significant setback after a short-lived reclaim of the $100K mark, with it slipping away in less than three days. The rapid downturn has put investors on high alert as Bitcoin now grapples to maintain balance around the crucial $95K support level. The future behavior of the cryptocurrency at this juncture will be pivotal in determining whether it bounces back or plunges further. Leading analyst Axel Adler has brought to light some concerning trends in Bitcoin’s network activity. Axel’s report reveals the average weekly change in active addresses on the Bitcoin network has plummeted…
As we usher in the year 2025, Bitcoin (BTC) has become the center of attention in the cryptocurrency market due to its tumultuous fluctuations. Prevailing market analysis predicts that this might be the year where the current bullish trend of the popular cryptocurrency may draw to an end. The Cycle Theory, which has consistently provided accurate forecasts of the highs and lows of Bitcoin for over 10 years, anticipates that Bitcoin is headed towards its next Cycle Top of $200,000 by November 2025. Understanding Bitcoin Price: The Logarithmic Growth Channel and its Key Indicators As per a comprehensive analysis by…
Delving into the world of altcoins, there’s a palpable buzz in the air, catalyzed by Bitcoin’s rally to a staggering $102K. Data from CoinMarketCap implies that we might be on the cusp of another thrilling altcoin surge – akin to the one witnessed in the early days of December 2024. Meme coins, in particular, have been catching investors’ eyes, with an impressive 30.67% increase in trading volume over the last week. This indicates a bullish sentiment brewing in the altcoin market, with emergent meme coins and utility tokens projected to yield substantial returns. Nevertheless, sifting through the sea of available…
Let’s delve into a fascinating development in the world of cryptocurrency regulation. Earlier this week, Coinbase, an esteemed crypto exchange based in the United States, made substantial headway in its ongoing legal tussle with the Securities and Exchange Commission (SEC). The highly acclaimed company managed to secure a rare interlocutory appeal, which was granted by Judge Katherine Polk Failla of the Southern District of New York. Through this, Coinbase can now robustly challenge SEC’s allegations revolving around the firm’s operations as an “unregistered exchange and broker-dealer”. Moreover, it can contest claims about the illicit sale of unregistered securities via its…
In the dynamic world of cryptocurrencies, global firm Finances Zippy, rooted in the United Arab Emirates, is actively striving to extend its reach into the American market. The firm recently publicized the successful operational commencement of its state-of-the-art 50MW Bitcoin mining apparatus in North Dakota. This development has been a significant breakthrough for Finances Zippy, enhancing its existing hash rate by a remarkable 2.7 exahashes and marking its second decisive stride in American soil. The news of this latest foothold in the cryptocurrency mining industry underscores the firm’s commitment to expanding and advancing in this field. Expanding the Crypto Empire…