Turkey is experiencing a significant surge in interest from cryptocurrency companies looking to operate in the country. The Turkish Capital Markets Board (CMB) has announced that 47 cryptocurrency companies have applied for licenses under new regulations. According to the CMB, this influx includes well-known exchanges such as Bitfinex, Binance TR and OKX TR. However, notable exchanges …
The world’s largest stablecoin issuer, Tether, is reportedly planning to double the size of its workforce by mid-2025, with a particular focus on its compliance team. The plan would see Tether Holdings Ltd., the issuer of the USDT USDT $1.00 stablecoin, increase its staff to around 200 people, its CEO Paolo Ardoino told Bloomberg in an …
The world’s largest stablecoin issuer, Tether, is reportedly planning to double the size of its workforce by mid-2025, with a particular focus on its compliance team. The plan would see Tether Holdings Ltd., the issuer of the USDT USDT $1.00 stablecoin, increase its staff to around 200 people, its CEO Paolo Ardoino told Bloomberg in an …
The Kanpai Pandas non-fungible token (NFT) collection suffered a floor price drop following the team’s alleged involvement in promoting a Donald Trump-themed token called Restore the Republic (RTR).On Aug. 9, data from the NFT marketplace Blur showed that the floor price of the Kanpai Pandas collection dropped by 37.44% in 24 hours and 40.13% in …
The Dogecoin price has climbed alongside other top-ranking cryptocurrencies, indicating the return of risk-on sentiment after the global market rout on Aug. 5. Top reasons behind this bullish phase include signs of a resilient United States economy and whale accumulation. Why is DOGE price recoveing? A stronger-than-expected US jobless claims report on Aug. 8 helped ease recession fears …
Bitcoin is seeing “wild” order book behavior as bulls attempt to stave off a fresh BTC price drop.The latest data from monitoring resource CoinGlass shows a fresh support battleground forming near $63,000.Bitcoin traders line up last line of defenseBitcoin BTC $60,621 set new local lows of $63,400 on Aug. 1, 5% beneath the prior day’s …
Ether ETH $2,634 retested $2,111 on Aug. 5 for the first time since Jan. 3, briefly giving away 98% of its 2024 yearly gains. The ETH/BTC chart also illustrates weakness against Bitcoin BTC $60,627 , with the trading pair reaching a 1,211-day low.ETH/BTC weekly chart. Source: Trading ViewMeanwhile, Ethereum ETF inflows recorded a minor netflow …
A key Bitcoin volatility indicator reached its highest level in 20 months after Bitcoin fell below $50,000, and futures traders now expect Bitcoin’s price might decline further.Meanwhile, pseudonymous crypto trader Yoddha has declared it could be “the best buying opportunity of 2024.”The Bitcoin Volmex Implied Volatility Index tapped 97.14 on Aug. 5, the same day …
Bitcoiners should wait on the sidelines until the asset’s price falls to the low $40,000 zone to get the best entry price ahead of the next bull run, according to a crypto market analyst.“To ideally time the next bull market entry, we aim for Bitcoin prices to fall into the low 40,000s,” 10x Research head …
The Bitcoin price has recovered 13% since dropping to $49,050, but the commencement of 2024’s so-called “ghost month" is expected to keep investors cautious, especially in the Asian market. BTC/USD on 1-day chart. Source: Trading ViewWhat is a ghost month?This year, the ghost month is from Aug. 4 to Sept. 2. According to the Chinese lunar calendar, …
