BNB’s defiant surge: Reaching US$422 amid regulatory turmoil surrounding Binance Crypto News: The Binance Coin (BNB) has surged to US$422.62 amidst a regulatory probe into Binance, one of the largest cryptocurrency exchanges globally. This surge, representing a change of 2.32% over the past 24 hours, underscores the resilience of BNB amidst regulatory challenges, showcasing investor confidence in the token. Binance has faced legal troubles following allegations of facilitating transactions for terrorist groups such as Hamas, revealing significant compliance failures within the exchange. US District Judge Richard Jones criticized Binance’s ethical breaches during a sentencing hearing, attributing them to greed. The…

Bitcoin surges past US$63,000 amid rising ETF demand and expectation of a halving event. Bitcoin gained for the second day in a row, closing in on its all-time high, boosted by anticipation of strong demand from exchange-traded funds at the start of the week. The most liquid cryptocurrency surged to US$64,279, its first advance above US$64,000 since November 2021, before falling to US$63,622. At the center of this craze is seemingly unquenchable demand for the biggest cryptocurrency token from the US-listed Bitcoin ETFs, which began trading on January 11. Bitcoin has increased by around 186% during the last year. “Given…

Bitcoin is currently experiencing a significant market movement, know why The recent surge in Bitcoin withdrawals from exchanges highlights a significant market movement that has captured the attention of investors and analysts alike. With a notable outflow of funds totaling over US$2.3 billion in a single day, Bitcoin’s market dynamics are undergoing a profound shift. James Van Straten’s insights, shared on X (formerly known as Twitter), shed light on the magnitude of this exodus. Glassnode’s data further corroborates these observations, indicating a substantial exodus from exchanges on March 1st. The scale of these withdrawals challenges previous records observed in 2021,…

FTX bankruptcy: Delving into uncertainties, and imperative for transparency in crypto management Crypto News: The collapse of FTX, a once-prominent player in the volatile world of cryptocurrency exchanges, has left a trail of concern and uncertainty among its debtors. As the bankruptcy proceedings unfold, the fate of its digital assets hangs in the balance, sparking debates and apprehension within the crypto market. Central to these concerns is the handling of the sale of digital assets tied to FTX’s bankruptcy. Galaxy Asset Management has been tasked with the responsibility of overseeing these sales, a move that has raised eyebrows among FTX’s…

Explore the 10 most popular and trusted crypto exchanges in Australia Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have grown in popularity and profitability among Australian investors. According to a Finder poll, 25% of Australians possess cryptocurrency, and the country ranks 40th in the world for crypto usage. However, purchasing and selling cryptocurrency is not as straightforward as going via a bank or a stockbroker. Crypto investors must utilize a crypto exchange, which is a platform that allows them to swap crypto for fiat currency or other cryptocurrency. There are hundreds of crypto exchanges available in the market, each with its…

Bitcoin price outlook: Analyzing crypto market dynamics and managing risks for March Crypto News: Bitcoin’s meteoric rise in recent months has captivated the financial world, with the cryptocurrency’s trajectory pointing towards surpassing its previous all-time high (ATH) of US$69,000 set in March. Fuelled by a blend of euphoric sentiment, institutional buying demand, and the imminent halving event, Bitcoin is on the brink of entering uncharted territory once again. In this article, we delve into the current market scenario, analyze technical indicators, and offer insights into what might lie ahead for Bitcoin’s price in March. Bitcoin’s Momentum and Market Dynamics: Bitcoin’s…

Here are some of the best practices to earn passive income through crypto In the ever-evolving landscape of cryptocurrencies, earning passive income has become an attractive prospect for many investors. Beyond traditional trading and holding strategies, various methods allow individuals to generate income streams passively within the crypto sphere. From staking and mining to lending and airdrops, exploring these avenues can offer lucrative opportunities for those looking to grow their digital assets. Here are some of the best practices to earn passive income through crypto. Staking: Staking involves participating in the proof-of-stake (PoS) consensus mechanism of certain cryptocurrencies by holding…

Unlock XRP’s Journey: How the Crypto Giant Could Surge to US$1 Amidst a Bullish Market In the world of cryptocurrencies, XRP has been a prominent player, known for its unique features and strong community support. As the crypto market experiences fluctuations, the possibility of XRP reaching US$1 under bullish conditions is a topic of interest and speculation among investors and enthusiasts. XRP, the cryptocurrency native to the XRP Ledger, functions on a public blockchain that emphasizes efficient payment processing. Now its current price sits at US$0.59386841, with a total market capitalization of US$32.42 billion. Despite experiencing a minor decline of…

Bitcoin falls 0.43% amid DeFi sector contagion: Market turbulence continues Bitcoin plummeted more than 3% from its 24-hour peak on Feb. 29 after investors in Grayscale’s spot Bitcoin exchange-traded fund (ETF) withdrew US$598.9 million, the fund’s second-largest net outflow on record. Bitcoin reached a 24-hour high of US$63,585 early on February 29 and has since fallen roughly 3.3% to a little under US$61,500, according to Cointelegraph Markets Pro. It comes as the Grayscale Bitcoin Trust (GBTC), the asset managers’ freshly converted ETF, suffered daily net outflows of US$600 million on February 29, according to preliminary Farside Investor statistics. It trails…

State Attorneys’ intervention: Redefining Federal-State dynamics in cryptocurrency regulation arena In a significant development in the legal landscape surrounding cryptocurrency regulation, the clash between the Securities and Exchange Commission (SEC) and Kraken has drawn attention from an unexpected quarter. Eight U.S. state attorneys general have joined forces to file a joint amicus brief, injecting their perspectives into the fray. This move underscores a broader debate over the boundaries of federal authority, the classification of cryptocurrencies, and the delicate balance between federal oversight and state autonomy. At the heart of the matter is the SEC’s enforcement actions against Kraken, alleging that…