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Crypto Market

Read more about the article Experts Question Ghana VP’s Gold-Backed Currency Pledge

Experts Question Ghana VP’s Gold-Backed Currency Pledge

  • Post author:Auto News Feed
  • Post published:August 22, 2024
  • Post category:Market News

A Ghanaian banking consultant, Richmond Atuahene, has expressed concerns about Vice President Mahamudu Bawumia’s pledge to back the cedi with gold. Atuahene believes Ghana needs a stable economic environment before…

Continue ReadingExperts Question Ghana VP’s Gold-Backed Currency Pledge
Read more about the article Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

  • Post author:Auto News Feed
  • Post published:August 22, 2024
  • Post category:Market News

The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal…

Continue ReadingTerraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing
Read more about the article Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy

Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy

  • Post author:Auto News Feed
  • Post published:August 22, 2024
  • Post category:Market News

Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement…

Continue ReadingBitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy
Read more about the article Crypto Fund Settles With NFA Over $2.5M Bitcoin Loan

Crypto Fund Settles With NFA Over $2.5M Bitcoin Loan

  • Post author:Auto News Feed
  • Post published:August 22, 2024
  • Post category:Market News

Cryptocurrency fund Ikigai Strategic Partners has agreed to pay a $150,000 fine to the National Futures Association (NFA) following allegations of an illicit bitcoin loan, according to an Aug. 20…

Continue ReadingCrypto Fund Settles With NFA Over $2.5M Bitcoin Loan
Read more about the article Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool

Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool

  • Post author:Auto News Feed
  • Post published:August 22, 2024
  • Post category:Market News

The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering…

Continue ReadingHighest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool
Read more about the article Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger

Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger

  • Post author:Auto News Feed
  • Post published:August 22, 2024
  • Post category:Market News

On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt.…

Continue ReadingBitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger
Read more about the article Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders

Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders

  • Post author:Auto News Feed
  • Post published:August 22, 2024
  • Post category:Market News

Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented…

Continue ReadingCryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders
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