Former U.S. President and presidential candidate Donald Trump has shown his support for the Bitcoin mining industry, emphasizing its importance in countering central bank digital currencies (CBDCs). Trump highlighted the critical role of producing the remaining Bitcoin within the U.S., suggesting it could bolster America’s energy dominance. In a notable...

An employee of South Korea’s Woori Bank has confessed to embezzling approximately $7.3 million in company funds for cryptocurrency investments. According to News1 and The Korea Economic Daily, the unnamed employee turned themselves in to the police on June 10, admitting to the misappropriation of the funds. The employee revealed...

Outspoken financial author and economist Harry Dent stands by his bold prediction of the “biggest crash of our lifetime,” made last December. In a recent interview with Fox News, Dent warned that the “everything bubble” has yet to burst and could result in a downturn worse than the Great Recession....

Bitcoin funds in the U.S. are experiencing a shift as Bitcoin spot ETFs see their first outflows in nearly three weeks. According to HODL15Capital, the U.S. spot Bitcoin Exchange-Traded Funds (ETFs) recorded outflows for the first time after 19 consecutive days of inflows. On Monday, the ETFs experienced approximately $71...

In the early hours of Monday, a dormant whale made waves by transferring $21 million worth of four DeFi tokens to cryptocurrency exchange Binance. This move sparked mixed reactions within the community, with concerns of an impending sell-off amid the recent crypto market pullback. On Monday, blockchain analysis firm Spotonchain...

Paraguay is strategically utilizing its surplus hydroelectric power to fuel the Bitcoin mining industry. Paraguay is leveraging its abundant hydroelectric power, particularly from the Itaipú Dam, to support Bitcoin mining. This strategic move not only positions Paraguay as a significant player in the cryptocurrency mining industry but also attracts substantial...

In the past 24 hours, cryptocurrency stocks have seen capital inflows, reversing the outflows that occurred three days before the Federal Reserve’s interest rate decision. Despite the broader market’s sideways movement, crypto companies have been gaining momentum. In the first quarter of 2024, cryptocurrency stocks recorded substantial capital inflows. However,...

Following revelations of a shocking scandal by financial regulators, investors in South Korea’s once-thriving cryptocurrency market are now facing a digital storm. A joint study by the Financial Supervisory Service (FSS) and the Financial Intelligence Unit (FIU) found that up to 70% of cryptocurrency exchanges have closed, leaving customers helpless...

Bitcoin Price Analysis Bitcoin (BTC), the leading cryptocurrency, has experienced a significant decline, hitting a low of approximately $68,500. This downturn coincided with “Roaring Kitty’s” YouTube livestream, which failed to invigorate market sentiment. Market Influences The robust May Non-Farm Payroll (NFP) report, which added 272,000 jobs, further bolstered the US...

According to Bloomberg, analysts predict that the recently approved Ethereum ETFs in the U.S. might not generate the same demand as Bitcoin spot products. Major financial institutions such as BlackRock and Fidelity are still awaiting final approval from the U.S. Securities and Exchange Commission (SEC) to launch the highly anticipated...