Cryptocurrency Market Correction Triggers $1 Billion Closure of Leveraged Futures Bets

Bitcoin (BTC)‘s recent price correction, following its surge to a new all-time high above $69,000, has resulted in the closure of leveraged perpetual futures bets worth $1 billion across digital asset markets.  On Tuesday, the leading cryptocurrency experienced a 10% drop, falling to $59,700, prompting a significant clearing of excess leverage from the market. According […]

Ex-Goldman Exec Sees Liquidation Period as Bitcoin Investment Window

RealVision CEO Raoul Pal, a former Goldman Sachs hedge fund manager, suggested that periods of significant liquidation offer favorable buying chances for Bitcoin. His comments came after Bitcoin hit a new all-time high above $69,000, before tumbling to around $63,000 on Tuesday. After the price correction, CoinGlass data showed that the crypto market saw more […]

Bitcoin Price Prediction: BTC Eyes $70,000 Amid Political Endorsements

Bitcoin Price Prediction Bitcoin price is climbing over 4% to hit $66,300 during the Asian session on Wednesday. This surge reflects growing investor confidence and forecasts a bullish trend in the cryptocurrency market. As Bitcoin navigates through varying degrees of volatility, its price prediction becomes a focal point for traders eyeing the digital asset’s future […]

Bitstamp Secures In-Principle Approval for Digital Asset Services License in Singapore

European cryptocurrency exchange Bitstamp has received in-principle approval for its license application to offer digital asset services in Singapore.  The approval, granted by the Monetary Authority of Singapore (MAS), allows Bitstamp to establish its presence in key markets in the Asia-Pacific region and globally, according to a Wednesday report by The Straits Times.  Previously operating under […]

Revolut Reveals Revolut Ramp in Partnership with MetaMask

Banking services provider Revolut has joined hands with the popular crypto wallet MetaMask, revealing Revolut Ramp. According to the press release shared with Cryptonews, Revolut Ramp is the latest crypto offering available to users in the UK and European Economic Area (EEA). With this feature, said Revolut, the company is “doubling down on its commitment […]

Coinbase Questions SEC’s “Security” Label, Seeks Clearer Crypto Rules

The post Coinbase Questions SEC’s “Security” Label, Seeks Clearer Crypto Rules appeared first on Coinpedia Fintech News Coinbase is fighting back against a recent court ruling that labeled secondary sales of crypto assets as “securities transactions.” This ruling originated from a lawsuit filed by the SEC against former Coinbase employees for alleged insider trading. Coinbase’s […]

Top Cryptocurrency to Buy Before It Soars 400%

The post Top Cryptocurrency to Buy Before It Soars 400% appeared first on Coinpedia Fintech News The crypto market is currently experiencing a slowdown. Despite this, prices are holding strong, especially with Bitcoin, which is still above $62K. This scenario is drawing attention to potential opportunities within the market. Amid these market conditions, other digital […]