Bitcoin Price Hits $66K, Raising Questions of ‘Uptober’ Rally
Bitcoin has broken through the $66,000 mark, continuing its impressive rebound that has seen the cryptocurrency gain over 3% in October. On Oct. 14, after the Wall Street market opened, BTC surged as whale buying pressure and a buoyant market outlook fuelled the price rise. Data from TradingView shows that
TD Bank Fined $3 Billion for Failing to Monitor Crypto Transactions
TD Bank’s US arm has been hit with a $3 billion fine, following allegations of improper monitoring of suspicious transactions involving two unnamed cryptocurrency platforms based in the United Kingdom and Colombia. According to a report by the Financial Crimes Enforcement Network (FinCEN) on 10 October, the bank facilitated more
Router Protocol Integrates with 5ire to Enable Seamless Cross-Chain Transactions
Router Protocol, a leading cross-chain infrastructure platform, has officially integrated with 5ire, a blockchain network focused on sustainability and efficiency. This partnership enables seamless asset transfers and swaps for $5IRE, the native token of 5ire, across multiple blockchain networks. The integration marks a significant milestone in improving cross-chain transactions and
Bitcoin ETFs Break Three-Day Outflow Streak with $254M Inflow
Bitcoin exchange-traded funds (ETFs) in the United States saw a resurgence on 11th October, with $253.6 million in net inflows. This marked a significant break from three consecutive days of outflows, restoring confidence in the market. Fidelity Leads Inflows Fidelity’s Wise Origin Bitcoin Fund led the surge, attracting $117.1 million
Scroll’s Binance Listing Sparks Debate Over Centralization Concerns
Scroll, an Ethereum layer-2 project, recently announced its listing on the major cryptocurrency exchange Binance on October 11. While the move has the potential to enhance the project’s visibility and global reach, it has also sparked controversy, with critics questioning the project’s commitment to decentralization. Scroll co-founder Ye Zhang defended
Ronin Partners with Chainlink CCIP to Strengthen Cross-Chain Bridge Security
Web3 gaming blockchain Ronin has announced its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to secure its cross-chain bridge. The partnership, unveiled on 10th October, aims to enhance the security of Ronin’s bridge while freeing up resources to drive the adoption of the blockchain network. Chainlink’s CCIP is described as
Bitcoin Balances at $60K Amid Mixed US CPI and Jobless Data
Bitcoin hovered around $61,000 on October 10, following the release of the latest US Consumer Price Index (CPI) data. The September CPI came in higher than expected, signaling persistent inflation pressures in the US economy. According to the US Bureau of Labor Statistics (BLS), the index increased by 2.4% over
Adam Back Dismisses HBO Claims on Bitcoin’s Founder
Adam Back, founder of Blockstream and early Bitcoin developer, has dismissed claims made in HBO’s Money Electric: The Bitcoin Mystery that fellow developer Peter Todd is the elusive creator of Bitcoin, Satoshi Nakamoto. Back expressed confidence that Satoshi’s true identity remains unknown and is likely not someone who has been
Solana Reaches 100 Million Active Wallets, But Most Are Empty
Solana’s active wallet count has soared past 100 million, marking a new milestone for the blockchain network, according to Artemis Terminal. This is a significant leap from the 509,000 active wallets recorded at the start of 2024. Despite this achievement, most of these wallets appear to hold little or no
Bitcoin Price Stalls Amid Geopolitical Risks and Technical Indicators
Bitcoin’s price has remained stuck in a narrow trading range throughout October, fluctuating between $60,000 and $64,000. While it has consistently held above the $60,000 support level, multiple attempts to break the $64,000 resistance have failed, leaving the market in a state of indecision. Geopolitical Risks Weigh on Bitcoin’s Upside
