Articles for category: Bitcoin, Analysis, Trending

Weekly Roundup: Binance Founder’s Sentence, BTC’s Volatility, and Record Outflows from Spot Bitcoin ETFs

This week saw a flurry of developments in the cryptocurrency space, ranging from regulatory actions to market turbulence and notable trends in trading activity. Binance founder Changpeng Zhao, also known as CZ, faced a significant legal setback as he was sentenced to four months in prison for anti-money laundering (AML) law violations related to Binance. ...

Jannat Ara

Opinion:Learning from the FTX Trial—Why Regulating CEXs Alone Won’t Suffice

The fallout from the FTX collapse has triggered a reevaluation of centralized exchanges (CEXs), revealing inherent flaws that demand urgent rectification. While regulatory oversight is crucial, it’s evident that compliance alone cannot avert crises like FTX’s downfall. Here’s why. Compliance as a Starting Point The FTX debacle underscores the imperative for robust corporate compliance within ...

Bitcoin Runes Protocol Generates $135 Million in Transaction Fees Post-Halving

In a significant milestone achieved nearly a week after the halving event, Bitcoin Runes have emerged as a transformative force, prompting analysis and discussion among observers and participants within the cryptocurrency realm. Recent data from a Dune Analytics dashboard reveals that the Runes protocol on Bitcoin (BTC) has amassed a staggering $135 million in transaction ...

Standard Chartered Stands Firm on $150k Bitcoin Prediction Despite Recent Downturn

Geoff Kendrick, the head of digital assets research at Standard Chartered, is doubling down on his optimism regarding Bitcoin, as his firm maintains a year-end price target of $150,000 for the cryptocurrency. As reported by Business Insider, Kendrick expressed confidence that “Bitcoin’s price could still more than double this year.” In an interview with BNN ...

Bitcoin Halving Triggers Market Volatility, Hong Kong Approves Crypto ETFs, TON Ecosystem Thrives: Weekly Roundup

The week leading up to the much-anticipated Bitcoin halving was rife with speculation and volatility across the cryptocurrency market. Here’s a recap of the top headlines from the past week: Anticipation Builds for Bitcoin Halving: As the fourth Bitcoin halving approached, discussions surged regarding its potential impact on the market. Kris Marszalek, CEO of crypto.com, ...

Regulatory Uncertainty Casts Shadow on Ethereum’s Path to $3,300

As Ethereum holds steady in the current market, it finds itself confined within a narrow range, delineated by the bearish candlestick formation observed on April 13th. While there are glimpses of strength, a decisive breakthrough above local resistance levels, accompanied by increased participation, is necessary for bullish momentum to take hold. However, such a breakout ...

“Ethereum Gas Fees Plummet to Three-Month Low, ETH Price Rebounds to $3,100 Amid Market Turbulence”

Amidst escalating geopolitical tensions, including the Israel-Iran conflict, Bitcoin and the broader cryptocurrency market experienced significant selling pressure earlier today. However, investors swiftly responded with strong buying interest, leading to a robust recovery. Ethereum, which had dropped to $2,877, has rebounded strongly to $3,100. Ethereum Gas Fees Drop to Three-Month Low Recent data from on-chain ...