Year: 2024

summary Amidst $56 million in outflows, BitForex ceased withdrawals, leading to user access difficulties. Regulatory apprehensions persist following Japan’s FSA accusation against BitForex in April 2023. The situation at BitForex echoes AAX’s shutdown, raising inquiries regarding management practices and regulatory compliance. Amid a series of concerning developments surrounding its operations and management, BitForex, a leading…

According to data from CoinGlass, trading open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) soared to a historic peak of $7.7 billion on Tuesday, marking a substantial 15.6% surge within the preceding 24 hours. This surge in open interest closely aligns with Bitcoin’s remarkable price ascent. BTC surged to a two-year high,…

Circle’s USDC has seen its market capitalization surpass $28 billion, experiencing a steady rise since Q4 2023, driven by increased institutional investments. According to a recent report from Coinbase, there has been a notable revival in the USDC market, coinciding with the broader market uptrend and expansion into non-U.S. markets. The market cap for stablecoins…

Renowned commodities trader and chart analyst Peter Brandt has updated his projected Bitcoin (BTC) price target for September 2025, raising it from $120,000 to $200,000. This adjustment follows a recent breakout in the cryptocurrency’s price, resulting in gains of around 10% and pushing Bitcoin beyond a 15-month trading channel. As the CEO of Factor LLC,…

ARK Invest, the asset management company and issuer of a Bitcoin exchange-traded fund (ETF) led by Bitcoin proponent Cathie Wood, has offloaded a substantial portion of its holdings in Coinbase, Robinhood, and Nvidia stocks. Based on the disclosures from Ark Invest Daily on February 26th, the ARK Innovation ETF (ARKK) divested 35,509 shares of Coinbase…

quick read Trevor Noah expresses regret for not purchasing Bitcoin when its value was negligible, labeling it as his most significant mistake. He acknowledges his lack of comprehension regarding Bitcoin at the time, which exacerbates his regret. Despite his lament, the value of Bitcoin continues to surge, recently reaching a 25-month peak. During his appearance…

quick read ENS reached a settlement with Manifold Finance regarding the eth.link domain, paying $300,000 and retaining ownership. A legal dispute arose after the domain expired, resulting in court orders and eventual resolution through settlement.  ENS and GoDaddy reconciled by providing free linking of .eth domains with traditional ones. Following an 18-month-long legal dispute, the…

quick read Kow Seng Chai, a crypto trader, was refunded an additional $585,000. An error by the OTCPro exchange resulted in an extra zero being added to Chai’s $65,000 deposit, leading to the discrepancy. This incident sparked a legal dispute, underscoring the complexities inherent in cryptocurrency transactions and emphasizing the necessity for oversight. In a…

quick read Stablecoins, designed to maintain a stable value by pegging them to external assets like fiat currencies or commodities, currently possess a market capitalization of $142 billion, accounting for 6.32% of the total cryptocurrency market cap. The resurgence of stablecoins can be attributed to the rise in Bitcoin’s value this year, driven by strong…

quick read OKX has officially launched its cryptocurrency exchange services in Turkey, representing a substantial advancement in its global expansion strategy. The launch encompasses localized features, including direct deposits and withdrawals in Turkish Lira, as well as bilingual support in Turkish and English. OKX TR is specifically designed to address the unique requirements of the…