Cryptocurrency Market

  • Market Cap: $2,476,615,298,675.99
  • 24h Vol: $124,095,874,509.22
  • BTC Dominance: 51.91%
bitcoin-miners-face-8.4%-profit-decline-amid-falling-hashprice-and-market-pressures

Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures

In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners has declined as the hashprice, the revenue from 1 petahash […]

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coinbase-international-adds-support-for-trading-pre-launch-tokens

Coinbase International Adds Support for Trading Pre-Launch Tokens

Coinbase International has announced its support for pre-launch markets, a platform that allows traders to trade perpetual futures contracts for tokens that are yet to launch. This feature offers traders the opportunity to participate in price discovery of upcoming projects within a secure environment. Pre-launch markets also carry unique considerations and elevated risks, including lower

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bitfinex-becomes-first-exchange-to-list-new-usd-denominated,-gold-tethered-asset

Bitfinex Becomes First Exchange to List New USD-Denominated, Gold-Tethered Asset

Bitfinex, a leading digital asset trading platform, has announced the listing of a new USD-denominated Tethered Asset, AUSDT, by Alloy by Tether. This innovative offering tethers its value to Tether Gold, backed by physical gold, introducing a new level of stability and reliability to the volatile cryptocurrency market. The AUSDT token, which is available for

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zimbabwean-regulators-develop-framework-for-virtual-assets-trading

Zimbabwean Regulators Develop Framework for Virtual Assets Trading

The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges include infrastructural investment and licensing fees for foreign-supplied systems. An informal virtual asset

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korean-exchanges-set-to-reevaluate-over-600-listed-virtual-assets

Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets

South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that

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tanzania-targets-crypto-traders-with-proposed-income-tax-act-amendment

Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment

Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania’s Simplified Tax Regime. The government

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wasabi-wallet-lead-developer:-‘bitcoin-developers-are-failing-el-salvador’

Wasabi Wallet Lead Developer: ‘Bitcoin Developers Are Failing El Salvador’

Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor stated that Bitcoin developers have failed El Salvador, having been unable to improve the situation of Bitcoin as a means of exchange, even with the

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financial-stability-board-emphasizes-need-for-global-crypto-regulation-to-prevent-arbitrage

Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage

The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset

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fidelity’s-director-of-global-macro-sees-bitcoin-as-‘exponential-gold’-on-store-of-value-team

Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team

Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the growth in its network, which is in turn driven by bitcoin’s unique scarcity feature, as well as the monetary and fiscal policy cycle,

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sec’s-crypto-enforcement-chief-departs-after-9-years

SEC’s Crypto Enforcement Chief Departs After 9 Years

The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges Binance and Coinbase. SEC’s Crypto Enforcement Unit Leader Departs

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