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Ethereum Explodes With 10% Gain—Is Altcoin Season About to Ignite?
As bitcoin enjoyed a bit of a lift on Wednesday, ether (ETH) stole the spotlight by jumping more than 10% in just 24 hours. The second-largest cryptocurrency now claims over 13% of the $3.33 trillion total market cap.
Morocco To Legalise Bitcoin And Crypto, Says Central Bank Chief
Morocco is poised to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a significant shift in the nation’s financial policy. According to Reuters, Abdellatif Jouahri, the Governor of Bank Al-Maghrib (BAM), announced that a draft law regulating crypto assets is in the final stages of adoption. “We have prepared a draft law regulating crypto assets, which is currently in the adoption process,” Jouahri stated during an international conference in Rabat.
ZA Bank starts offering crypto trading services directly to retail users
Hong Kong’s digital bank ZA Bank has started offering cryptocurrency trading services directly to retail users.
Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HKD and USD (this platform currently supports trading services exclusively for Bitcoin and Ethereum) — all within a single platform, with no need to switch between apps or platforms, simplifying the entire investment process.
The global cryptocurrency market capitalization grew by $230 billion on Friday crossing the $3.29 trillion mark. The cryptocurrency sector valuation has scored new all time highs in each of the last 5 trading days Bitcoin dominance (BTC.D) fell below the 60% mark within the daily timeframe.
UK government set for crypto regulations next year, officials says Officials say the United Kingdom (UK) government is preparing to set a new regulatory framework for the crypto industry, including stablecoin, by next year.
Crypto Investor Turned $33K into $12.2M in just 24 days
The crypto trading industry is buzzing, with bulls dominating over the bears as the Bitcoin price has regained support. More importantly, it is attempting a surge to $92K after declining from the recently created ATH of $93.4K. Meanwhile, many other altcoins are booming with gains, including ai16z, a newly launched token that has made millions in profits for a crypto investor in just 24 days, showing the market’s potential.
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Shiba Inu (SHIB) Joins Crypto Elite With 81% Gain, But Epic Twist Happens
Today, the popular meme-inspired cryptocurrency Shiba Inu (SHIB) saw real excitement, namely with its position onn the cryptocurrency market - in its top echelons - as it climbed into the top 10 largest cryptocurrencies by market capitalization according to CoinMarketCap, where it had long given way to Tron (TRX) and Toncoin (TON). However, with an increase of more than 81% over the past nine days, the price of SHIB reached a high of $0.00003, and the capitalization of the popular cryptocurrency, as a result, came to the mark of $17.4 billion. This places it, for the moment, in 10th place in a ranking of the 10 largest.
Bitcoin breaks $79K and 'no rash action is needed,' says analyst
Bitcoin has broken the $79,000 price level for the first time and many traders are sharing the sentiment that "this is just the beginning." Bitcoin's price has soared above the $79,000 level for the first time ever in a week during which it reached several new highs since Donald Trump was reelected as president of the United States.
Billionaires Are Buying a BlackRock Index Fund That Could Soar Up to 73,000%, According to Wall Street Experts
In the first half of 2024, the billionaires listed below started positions in BlackRock's exchange-traded fund (ETF) that tracks the spot price of Bitcoin (CRYPTO: BTC). The fund is called the iShares Bitcoin Trust (NASDAQ: IBIT). Their positions remain small, but their ownership is still noteworthy because they manage the three best-performing hedge funds in history as measured by net gains, according to LCH Investments.
Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site