Over 70 individuals have been taken into custody for their involvement in the JPEX Exchange cryptocurrency controversy, resulting in a financial loss of approximately HK$1.6 billion. Hong Kong Tackling Biggest Financial Fraud Case Earlier on Thursday, South China Morning Post announced the arrest of these individuals. As per Hong Kong Police Commissioner Raymond Siu Chak-yee’s … Read more
In approximately 24 hours, the highly anticipated Bitcoin halving is set to occur, as indicated by several calculators such as CoinGecko. This event is believed to spark exceptional enthusiasm for a potential bull market in 2024, driven by a significant increase in Bitcoin’s price to a new record high. While this development mainly concerns Bitcoin, … Read more
Frederik Gregaard, CEO of the Cardano Foundation, has revealed an interim constitution for Cardano, marking a significant step towards decentralizing governance within the community. The interim constitution sets out fundamental rules, ensuring transparency, accountability, and careful stewardship. Its purpose is to enable every ADA holder to engage in shaping the future of the blockchain actively. … Read more
In simpler terms, Dubai, famous for being innovative and supportive of blockchain tech, has given Binance‘s Dubai branch, Binance FZE, the complete authorization to function as a Virtual Asset Service Provider. Opening Doors For Retail And Institutional Investors Based on a news article from local sources, Binance FZE has acquired a VASP license which enables … Read more
TSMC, the globe’s leading semiconductor manufacturer and a crucial supplier to Nvidia, projects significant sales gains for the second quarter of 2024. The company anticipates sales will range from $19.6 billion to $20.4 billion, representing a 30% rise compared to the same period in the preceding year. The increasing demand for semiconductors, especially those designed … Read more
Last week, the price of Solana experienced a significant drop as Bitcoin fell to $61,000 due to escalating geopolitical conflicts between Israel and Iran. In consequence, investments considered risky, including Solana, saw declines. The value of SOL dropped to $120 on Saturday. The intense demand to sell and market volatility continued into the new week, … Read more
Crypto investors are currently in a holding pattern, hoping for a revival of the altcoin market to recoup losses during the ongoing correction. Unfortunately, this bull run may not materialize soon, leading to heightened selling pressure on cryptocurrencies like Tron. The challenge lies in deciding which crypto to hold onto and which one to sell. … Read more
Although SHIB‘s price has dropped significantly in recent weeks, Lucie, an influential member of the Shiba Inu marketing team, remains positive about the digital currency’s underlying value. She believes that SHIB is still heading towards a “supercycle,” a prolonged period of growth and increasing prices. SHIB Set For A Major Bullish Cycle On Wednesday, April … Read more
History has demonstrated that economic downturns such as recessions, wars, and high inflation frequently recur. When these conditions arise again, they mark a significant shift in the global economy. This transformation brings with it uncertainty, anxiety, and market instability. As Ray Dalio explains, roughly every century, the dominance of a global power comes to an … Read more
Bernstein, a private wealth management company, has identified some mining stocks that may perform well after the halving process takes place. According to Bernstein, CLSK and RIOT ranked first in the market for having the largest self-mining hash rates. The analyst is optimistic that these companies will surpass competitors because of their excellent execution skills. … Read more