Bitcoin Update

Pakistan to regulate cryptocurrency, CBDCs as legal tender

Interest in cryptocurrency around the world has grown exponentially in recent years and so have governments trying to regulate and control cryptocurrencies. China and other countries have also started taking concrete steps towards regulating cryptocurrencies and searching for Central Bank Digital Currencies (CBDC). The shift puts Pakistan among a host of other countries looking to...

Turkish President Erdogan Condemns Israel’s Actions Following Hezbollah Leader Hassan Nasrallah’s Death

In a statement made quite recently, the president of Turkey, Recep Tayyip Erdogan, clearly denounced Israel’s actions in the Middle East specifically after the reported death of Hezbollah chief, Hassan Nasrallah. The remarks from Erdogan are happening during a period of elevated tensions in the region, as conflicts between Israel and Hezbollah have sharpened, in...

SEC Approves Options for BlackRock’s iShares Spot Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has sanctioned choices for BlackRock’s iShares Spot Bitcoin Exchange-Traded Fund (ETF), indicating a major landmark in the growth of cryptocurrency investment products. This approval permits investors to deal in options on the BlackRock iShares Spot Bitcoin ETF, thus enhancing the financial instruments available for those wanting to achieve...

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...

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...

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