Bruneian authorities have discovered and dismantled an illegal cryptocurrency mining operation that was allegedly using an unauthorized power supply. A local man has been arrested in connection with the operation, with enforcement seizing various assets such as crypto mining equipment and Bitcoin mining devices. The operation has been characterized as an electricity theft scheme for…
Standard Chartered has issued a surprising revision to its Bitcoin price forecast, predicting that the leading cryptocurrency price could reach $120,000 by the end of 2025. The updated estimate for the Bitcoin price comes amid rising institutional interest and the macroeconomic changes in the financial market. The Bitcoin price has remained stable above $65,000 through…
The Financial Times reported on Friday that the UK’s Financial Conduct Authority (FCA) is looking to take action that will considerably limit the ability of retail investors to purchase cryptocurrencies through borrowing. These reported decisions mark a shift in strategy by the financial watchdog to mitigate what is believed to be overly reckless activity in…
Kuwaiti authorities are now actively working to dismantle the emerging network of illegal cryptocurrency mining activities within the country. In a clear sign aimed at protecting the nation’s power system, the Public Prosecution has revealed that more than sixty people are being examined for possible participation in this illegal undertaking, with caution that this figure…
The Financial Conduct Authority (FCA) is looking to tighten the rules around cryptocurrency in the UK. A new discussion paper outlines measures aimed at mitigating risk for retail investors interacting with digital assets. Growing UK Market This comes alongside a spike in public interest in digital assets across the UK. Data from August 2024 reveals…
In a noteworthy piece of information that shows how digital currencies are further integrating into traditional finance, one of the leading investment banks, Morgan Stanley, is reportedly considering providing cryptocurrency trading services to E*Trade clients. This development is a major change for Morgan Stanley and indicates further progression in crypto adoption. Experts from the industry…
Bitget Wallet, described as a leading Web3 non-custodial wallet, has also announced that they will be integrating with the universal crypto payment gateway Paydify. With this integration, Bitget Wallet becomes the first wallet integration partner with Paydify. The partnership aims to facilitate merchants receiving Bitget Wallet stablecoin payments. Payment Without Hurdles The integration enables USDT…
The crypto market seems tense at the moment, as a distinct move could happen anytime, and this is marked by the king of all cryptocurrencies, Bitcoin, exhibiting an unusual phase of calm. Bitcoin’s 7-day volatility is at an all-time low, which Bitcoin has not encountered in over 500 days. The stillness we see currently in…
The representative stablecoin issued by World Liberty Financial, a cryptocurrency startup claimed to be associated with Trump’s family, is in the middle of a $2 billion investment deal with MKH and Binance – the largest cryptocurrency exchange in the world. This deal, disclosed by World Liberty co-founder Witkoff at a crypto conference in Dubai on…
Crypto Market Pulse: May Begins with Renewed Optimism As May kicks off, the cryptocurrency market is showing signs of strength. Global crypto market capitalization has reclaimed the $3 trillion milestone, sitting around $3.02 trillion, up 0.23% in the last 24 hours. While total trading volume has slightly dipped to $78.7 billion, this price recovery suggests…
