Cryptocurrency markets are closely watching several key macroeconomic events in the U.S. this month, which could have a considerable impact on cryptocurrencies. In particular, the Fed’s interest rate announcements will be a key data point in September. Favorable economic information usually has an impact on investor confidence in the cryptocurrency space. Over the course of […]
Bitcoin price today: drops to $59,000 as large token transfer worries investors
Bitcoin lost value on Wednesday, extending a sharp fall from the previous session’s drop, as the movement of a large volume of tokens on a well-known exchange stirred sentiment with fears of a major selling event. The world’s most important cryptocurrency posted a sharp drop, reversing its recent gains and falling below the $60,000 level. […]
BTC Millionaires Skyrocket 111% in Just One Year
2024 has been a positive year for the cryptocurrency industry. In the eight months that have passed this year, the number of cryptomillionaires has shot up by nearly 100% thanks to the boost the market has received from Bitcoin and Ethereum ETFs. According to a recent report by Henley & Partners, about 172,300 people around […]
Cryptocurrencies Lead Spending in U.S. Elections
The cryptocurrency industry is influencing this year’s elections, to which it has contributed $119 million. Cryptocurrencies as major political backers Cryptocurrency companies have morphed into the biggest political funders of federal elections, contributing nearly half of the corporate money going into this year’s elections, according to data from the nonprofit consumer advocacy organization Public Citizen. […]
Tether Launches Dirham-Backed Stablecoin in the UAE
Tether is partnering with Phoenix Group and Green Acorn Investments in the United Arab Emirates to create a dirham-linked stablecoin aimed at facilitating international trade and remittances. Tether, the largest stablecoin provider in the digital asset sector, has announced its plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). According to […]
Dubai Admits Cryptocurrencies as Legitimate Salary Payment
Dubai’s justice administration has officially recognized the use of cryptocurrencies as a valid means of paying salaries. The landmark decision, adopted by the Dubai Court of First Instance, marks a milestone in the development of cryptocurrencies in the city, which aims to lead innovation in disruptive technologies. Recently, the court issued an order recognizing cryptocurrencies […]
Bitcoin Accumulation Initiatives in US Politics
At the recent Bitcoin2024 event, two U.S. political figures proposed significant initiatives regarding the accumulation of Bitcoin (BTC) as a reserve asset by the U.S. government. Robert F. Kennedy Jr., an independent presidential hopeful, stated that if elected, his administration plans to stockpile four million Bitcoin as a strategic reserve asset. Simultaneously, Senator Cynthia Lummis […]
U.S. Inflation Slows in July to 2.9%, Bitcoin Dips Below $61,000
U.S. inflation showed signs of slowing in July, aligning with economists’ estimates and paving the way for a possible interest rate cut. The U.S. Consumer Price Index (CPI), a widely analyzed measure tracking the cost of a broad basket of goods and services, increased slightly by 0.2% month-over-month in July, leaving the 12-month inflation rate […]
Tether Prepares for the Future: 200 Employees by 2025
The aim of this strategic expansion is to strengthen key sectors such as compliance and finance. From Tether’s headquarters in Hong Kong, the creator of the largest stablecoin on the market has announced its ambitious plans to double its workforce in the coming months. Strategic Growth in Turbulent Times In an exclusive interview with Bloomberg […]
Nasdaq Applies to the SEC for Permission to Trade Options Linked to Ethereum ETFs
Nasdaq, the exchange for trading financial assets and stocks, made a request to U.S. regulators to allow it to trade options linked to the spot Ethereum ETFs that recently entered the market. Ethereum ETF options trading The request came in a form filed on [specific date] with the Securities and Exchange Commission (SEC), in which […]