Bitcoin has been exhibiting intriguing price movements, recently attempting a recovery after dipping below the crucial $95,000 threshold. Following extensive fluctuations, the cryptocurrency saw a bounce back, climbing above the $98,000 mark. As of now, Bitcoin is caught in a tug-of-war between maintaining these gains and potentially retreating to previous lower levels. The trading activity
In a significant leap towards broadening its regulatory footprint, Kraken, a prominent cryptocurrency exchange, has successfully acquired a Markets in Financial Instruments Directive (MiFID) license in the European Union. This recent development, announced on February 3, allows Kraken to enhance its derivatives offerings to cater specifically to seasoned investors across Europe. The license acquisition stemmed
In a striking turn of events, Bitcoin’s open interest experienced a dramatic decline over a recent weekend, plummeting by approximately $4.5 billion. This reduction took the total open interest from $65 billion down to $61.5 billion, setting a grim tone for traders and enthusiasts alike. The downturn is attributed to a series of liquidations triggered
Recent investigations by on-chain analyst ZachXBT have unveiled alarming statistics regarding the purloining of funds from Coinbase users, with annual losses exceeding $300 million attributed to social engineering scams. This issue predominantly affects a user base that has increasingly reported sudden account restrictions and security breaches over recent months. The significant volume of complaints coupled
Coinbase has officially secured registration as a Virtual Asset Service Provider (VASP) in the United Kingdom, marking a significant event in the realm of cryptocurrency regulation. On February 3, Faryar Shirzad, the Chief Policy Officer at Coinbase, made the announcement public via social media, highlighting the importance of this accomplishment. By achieving this status, Coinbase
The recent comments by Bybit CEO Ben Zhou shine a revealing light on the complexities surrounding liquidation data in the cryptocurrency market. While initial reports suggested that liquidations amounted to a mere $2 billion, Zhou argued that the figure could realistically range between $8 billion and $10 billion. This stark discrepancy highlights the urgent need
Recent reports indicate that India is actively reconsidering its approach to cryptocurrency regulation, mirroring a broader trend of positive international sentiment toward digital assets. The impetus for this strategic recalibration appears to stem from policy shifts within key markets, notably the United States. As pro-crypto regulations gain traction across the globe, India is being prompted
In the dynamic world of cryptocurrency trading, BNB has recently made headlines, having rebounded from the pivotal $500 support level. This bounce has ignited discussions among traders and analysts, speculating whether this could signify the onset of a bullish trend or merely serve as a brief reprieve before another possible downturn. The sustained selling pressure
In the fast-paced landscape of financial markets, few individuals have left as significant an imprint as Aayush Jindal. With over 15 years of experience, his remarkable journey reflects an extraordinary blend of passion, skill, and technical acumen that has propelled him to the forefront of Forex and cryptocurrency trading. Aayush’s reputation as a trusted advisor
Ethereum, the world’s second-largest cryptocurrency by market capitalization, has recently experienced significant price fluctuations. Following a critical decline, the price fell below the $3,000 mark, a psychological threshold for many investors and traders within the crypto community. As of now, Ethereum is trading at a price that reflects a steep downturn, plunging over 25% from
