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Markets in Crypto Assets (MiCA) is being hailed as the world’s first comprehensive set of rules that aims to bring the largely unregulated cryptocurrency markets under government regulation. It is part of a broader digital finance package, aka ‘Digital Operational Resilience Act (DORA),’ which aims at protecting the financial services sector from fraudulent activities and is likely to become law in July 2023, setting the wheels in motion for the rules to take effect by...

After sitting below $27,000 for a few days, bitcoin finally jumped above that level in the past 24 hours but is yet to decisively reclaim it. Most altcoins are with insignificant gains on a daily scale, aside from the trending memecoin – PEPE. Bitcoin Uncertain at $27K Last week started on a positive note for bitcoin, which jumped to over $27,600 after the stagnant weekend. However, that was short-lived, and the asset retraced to below $27,000 in a matter of days. Another...

Aside from a brief pump and dump of around $500 yesterday, bitcoin has remained relatively stagnant at just under $27,000. Although generally more volatile by nature, the altcoins have also failed to produce any significant moves in the past day. Injective is among the few exceptions. Bitcoin Stalls Below $27K After the enhanced volatility at the end of last week, which resulted in BTC dumping to a two-month low of under $26,000, the cryptocurrency has been trading with a lot...

Well, the past week had some exciting developments to offer, at least in certain segments of the market. The broader capitalization barely increased by around $5 billion, currently standing shy of $1.2 trillion. This came on the back of a relatively flat performance of major cryptocurrencies, but some altcoins managed to surprise. Let’s dive in. It’s been a back-and-forth with Bitcoin this week. The cryptocurrency was trading at around $26,500 this time last week and managed...

Although it all started with the inception of the Bitcoin network in 2009, the cryptocurrency industry as a whole was created roughly a decade ago. While there’re certainly more things that happened within that timeframe that we can explain here, it’s also worth visualizing and speculating on what could transpire within the next ten years. As such, we asked the highly popular artificial intelligence chatbot – ChatGPT – about its take on the matter, and it provided some...

Many crypto naysayers are heard arguing that most of the existing projects won’t stand the test of time. And it’s true that a lot of them haven’t been existing for a long period. In the grand scheme of things, even Bitcoin is a baby. With that said, we took the opportunity to talk to no other but ChatGPT itself – the AI language model that took the world by storm in the past few months. We decided to ask which five cryptocurrencies will survive in the coming decade. The...

Bitcoin tried its hand at taking down $27,000 yesterday but failed amid low weekend trading volumes and has remained relatively still. The altcoins are also lacking any substantial price moves, with ETH reclaiming $1,800 and BNB pumping above $310. Bitcoin Stays Flat The past several days didn’t go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,500 to $28,400 in minutes after the US CPI numbers came out for April. Although BTC...

Bitcoin’s troubles continued in the past 24 hours, and the asset charted a new two-month low before recovering over a grand. The altcoins are in the green today, with LDO taking the main stage with a massive double-digit price surge. BTC’s Pump and Dump Keeps Rolling The major news from the past week came when the US CPI numbers for April informed that the inflation rates had slowed down and were actually lower than the expectations. Bitcoin reacted positively to the news at...

The past seven days saw the cryptocurrency market lose close to $100 billion off its total capitalization, which currently sits at $1.150B. It’s not been very fun for market participants as the majority of coins are trading well in the red. Once again, the hottest story of the week might as well be PEPE, but not for the same reasons as last week. Let’s dive in. First things first, Bitcoin’s price crashed by roughly 9% through the past week and is currently trading at around...

Do Kwon, founder of Terraform Labs, which operated Terra stablecoin and Luna cryptocurrency, has pleaded not guilty to traveling to Montenegro on a forged passport. In the Basic Court of Montenegro’s capital Podgorica, Kwon and Terraform’s chief financial officer Han Chang-Joon denied document forgery charges. Shortly after, another local report informed that the Court approved the bail worth €400,000 that was proposed by Kwon. As such, he is set to be released ahead of the...