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Perhaps no sector contributes as colorful a character to the world's elite as cryptocurrencies. Over the past decade, the digital asset industry has made millionaires out of geeks, thieves, corporate litigators, and shadowy anonymous internet users in roughly equal proportions. For example, consider the anonymous hacker who stole $2 million worth of BTC and ETH from now-shuttered Hong Kong cryptocurrency exchange Gatecoin in 2016. Gatecoin hackers have not touched the coins since fleeing with the funds eight years ago.The value of today's loot is amazing $542 million- And count. Then there's Rein Roems, an Estonian businessman who paid just $75,000…

Bitcoin prices plummeted early Tuesday morning, plunging 7% to a low of $65,547. This sharp decline comes after the cryptocurrency remained relatively stable over the past week, trading in the $70,000 range. According to data from Coinglass, around $395 million was liquidated in the cryptocurrency market due to the sudden crash. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, was also unaffected by the turmoil, dropping about 5% to $3,325. The decline has caused concern among investors, with analyst Ali Martinez warning that if Ether fails to sustain above $3,460, it could fall further below $2,850. ing. The sudden volatility…

Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Borroe Finance has emerged as a pioneer in CrossFi, offering an AI-powered funding marketplace for Web3 businesses and creators. A major challenge facing many cryptocurrency companies is regulatory oversight. Recently, the US Securities Exchange (SEC) investigated the Ethereum Foundation. This issue has caused a lot of concern in the cryptocurrency community, especially regarding the potential for delays in ETF approvals. This news has had an impact on the crypto market, with some of the top 5 cryptocurrencies such as…

Today, the cryptocurrency market took a turn for the worse as major digital assets faced significant price declines. Meanwhile, crypto analyst Ali Martinez recently shared a thought-provoking perspective on Bitcoin price movements amidst the broader downturn in the crypto market. Martinez suggests that a 30% price correction could be a very bullish indicator for Bitcoin. See analyst 30% revision Martinez's tweet comes at a time when major cryptocurrencies such as Bitcoin and Ethereum are experiencing significant declines. The price of Bitcoin (BTC), a major cryptocurrency, has fallen sharply to the $66,000 level, marking a significant decline. Similarly, Ethereum (ETH) also…

Why is the SEC investigating the Ethereum Foundation, even though the foundation has previously asserted that ETH is a commodity? Posted on April 2, 2024 at 7:00 AM EST. Listen to the episode of apple podcast, spotify, fountain, cloudy, podcast addiction, pocket cast, cast box, Google Podcasts, amazon musicor on your favorite podcast platform. On March 20, Fortune reported that the SEC is investigating the Ethereum Foundation and exploring legal ways to classify ETH as a security. Sam Enzer, Partner at Cahill Gordon & Reindel, and Greg Strong, Partner at DLx Law, joined Laura to discuss all about the investigation…

Virtual currency is plummeting! As the second quarter began, Bitcoin fell sharply, and with it, the overall market fell as well. The large-scale liquidation spread throughout the network, leaving many investors panicking. But what caused this sudden plunge, and what does it mean for the future of cryptocurrencies? Continue reading to uncover the details of this flash crash and its potential impact on the market. Bitcoin go diving Bitcoin, the leading cryptocurrency, experienced a dramatic decline, falling to as low as $66,000, and Ethereum at one point fell as low as $3,319. The rapid decline in prices led to a…

Manufacturing activity in the euro area contracted by the most in three months in March, despite signs of increasing positive momentum in production, new orders and production. work A survey compiled by HCOB and S&P Global on Tuesday revealed the sentiment.The final value of the Manufacturing Purchasing Managers' Business Index for March was 46.1, the lowest level in three months from 46.5 in February. At 45.7, the flash reading was even weaker.Manufacturing production extended its decline to exactly one year. However, the pace of decline was the slowest since April 2023. Similarly, new orders continued to decline, but the decline…

Manufacturing activity in the euro area contracted by the most in three months in March, despite signs of increasing positive momentum in production, new orders and production. work A survey compiled by HCOB and S&P Global on Tuesday revealed the sentiment.The final value of the Manufacturing Purchasing Managers' Business Index for March was 46.1, the lowest level in three months from 46.5 in February. At 45.7, the flash reading was even weaker.Manufacturing production extended its decline to exactly one year. However, the pace of decline was the slowest since April 2023. Similarly, new orders continued to decline, but the decline…

Bitcoin's second quarter started on a rocky note, with the options market once again serving as a harbinger of sharp moves, particularly a downward bias in risk reversals. Bitcoin plummeted from a high of $70,000 to $65,500 at one point. During the same period, Ethereum's value fell to a low of $3,320. Q2 begins with dramatic price movements The latest market update from QCP Capital said the “speed of movement” was driven by large-scale liquidations, particularly on platforms such as Binance, which is known for its strong retail presence. This effectively reduced the permanent funding rate from a staggering 77%…

Written by Maria MartinezBERLIN (Reuters) – Inflation fell in six economically important German states in March, provisional data showed on Tuesday, suggesting that national inflation will continue its downward trajectory.Economists will be paying close attention to domestic inflation data later in the day, as Germany will release the data a day before Wednesday's release of euro zone inflation data.Klaus Bystesen, chief eurozone economist at Pantheon Macroeconomics, said: “The overall message from the data from Germany, France, Italy and Spain is that headline inflation in the eurozone is well below consensus this week. ” he said.Inflation in Germany's most populous state,…