Bitcoin Update

BRICS to Launch New Payment System, Challenging the US Dollar Dominance

BRICS, the union of five large developing societies including Brazil, Russia, India, China, and South Africa, is making a major shift towards liberating the association from the US Dollar monopoly and thus a new payment system is in the process of development. This decision, which was announced by Russian Foreign Minister, Sergey Lavrov, is intended...

Binance Founder Changpeng Zhao Set for Release from Prison This Month

The cryptocurrency industry receives a boost as Binance Founder Changpeng Zhao also known as CZ is due to be released from prison this Month. It has already made headlines and people have wondered if this news has any direct consequences for Binance or any other crypto-based company. Some Background Information about Binance and Changpeng Zhao...

Grayscale to Launch First US XRP Trust: A Step Closer to a Potential ETF

Grayscale, a leading digital asset management firm, is making headlines once again with its latest announcement: such as the formation of the first U.S.-based XRP Trust as announced by Ripple. This is a big plus for Grayscale, as well as for the bitcoin and crypto space because it improves the probability of the recent approval...

Gold Surged to Around $2,580 Per Ounce on Friday: Higher Commodity Prices a New Record High While Dollar is Weaker and Yields on Bonds are Decreasing

Gold prices surged to an average of $2,580/ounce on Friday; the highest level as more investors seek a hedge on the back of a soft dollar and falling bond yields. The sharp rise in gold prices can be attributed to the actions of parties in world markets where they are looking for safe-haven instruments and...

Grass Foundation Eligibility Check: How to Participate in Decentralizing the Web

I have interpreted the Grass Airdrop as the one that is yet to start before the end of the current month – or latest, in the first week of the following month to be exact – and has a high chance of revolutionizing the existing crypto world as soon as it is launched within the...

Bitcoin Falls Below $61K and BTC Dominance Rises, Crashing Altcoin Market

Bull Trade ZoneAugust 8, 2024

The cryptocurrency market is reeling from a dramatic drop in Bitcoin’s price, which has fallen below $61,000. Coupled with this decline is a notable rise in Bitcoin dominance, which has led to a severe crash in the altcoin market. This article explores the reasons behind Bitcoin’s recent drop, the impact of increasing Bitcoin dominance on...

FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge

Bull Trade ZoneAugust 8, 2024

A US judge has ordered cryptocurrency exchange FTX and its affiliated trading firm Alameda Research to pay $12.7 billion to creditors, a significant legal development. The decision is a significant turning point in the ongoing financial analysis of these businesses, which have become the focus of controversy due to allegations of financial mismanagement and bankruptcy....

Bitcoin Price Regained 20% in a Single Weekly Candle: A Remarkable Rebound

Bull Trade ZoneAugust 8, 2024

The cryptocurrency market recently witnessed a dramatic surge as Bitcoin’s price regained 20% in a single weekly candle, signaling a potential recovery and renewed investor confidence. This significant price movement has caught the attention of traders and market analysts, as it reflects a possible end to the recent bearish trend that had gripped the market....

Russia Officially Legalizes Bitcoin and Crypto Mining

Bull Trade ZoneAugust 9, 2024

Introduction Subsequently, what could be termed a sensation in the international financial arena Russia has now independently permitted the use of Bitcoin and the process of mining. Such a decision, in particular, forms a part of Russia’s long-term intents and purposes within the scope of the BRICS member countries, including Brazil, Russia, India, China, and...

Solana ETF Approval Expectations from the Crypto Community

Bull Trade ZoneAugust 9, 2024

Introduction The cryptocurrency world is abuzz with speculation and anticipation regarding the potential approval of a Solana Exchange-Traded Fund (ETF). As regulatory bodies like the U.S. Securities and Exchange Commission (SEC) continue to deliberate on various crypto ETFs, the Solana community, alongside broader crypto enthusiasts, are hopeful that Solana, one of the fastest-growing blockchain platforms,...

Bitcoin bulls are back, eyeing a $100K year-end target as BTC surges past $62K.

Bull Trade ZoneAugust 9, 2024

Introduction Bitcoin’s recent surge above $62,000 has rekindled discussions among crypto supporters and accountants regarding the probability of reaching the widely anticipated $100,000 mark before the end of the year. The ever-evolving areas of strength for money have reconsidered certainty, with abundant Bitcoin bulls surely getting back to their year-end cost targets. This article looks...

Home

Recent News

Trending News

Editor's Picks

Recent Stories

Quick Links

Must Read

Popular Posts