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Arthur Hayes, the former CEO of BitMEX and a prominent cryptocurrency analyst, has forecasted a potential correction in Bitcoin’s price to approximately $70,000. Despite this anticipated downturn, Hayes remains optimistic about Bitcoin’s long-term prospects, suggesting that the cryptocurrency could eventually reach new record highs. Liquidity Concerns and Market Dynamics Hayes attributes the potential decline to…
Roam, an emerging player in the cryptocurrency industry, is set to debut its native token, $ROAM, on eight major exchanges. This coordinated launch is scheduled for 6 March 2025, at 18:00 (UTC+8), providing users with multiple platforms to engage in trading activities. Participating Exchanges and Launch Details The ROAM/USDT trading pair will simultaneously become available…
The White House is set to host its first-ever Crypto Summit on 7 March 2025, marking a significant step in shaping the United States’ approach to digital assets. The event aims to position the U.S. as a global leader in cryptocurrency innovation while fostering regulatory clarity and technological advancement. Key Figures and Industry Leaders to…
The Markets in Crypto-Assets Regulation (MiCA) represents a landmark legal framework introduced by the European Union (EU) to regulate cryptocurrency markets. Adopted in June 2023, the regulation will come into full effect by 30 December 2024. MiCA aims to bring transparency, investor protection, and market stability to the growing digital asset industry. What is the…
Binance, one of the world’s largest cryptocurrency exchanges, has announced plans to remove several stablecoins for users in the European Economic Area (EEA) by 31 March 2025. This decision is in response to the European Union’s Markets in Crypto-Assets Regulation (MiCA), which establishes a comprehensive framework to govern cryptocurrency activities across member states. Impact of…
Stablecoins are a type of cryptocurrency designed to maintain a stable value by pegging their price to a reserve asset, such as a fiat currency (e.g., US Dollar, Euro), commodities (e.g., gold), or other cryptocurrencies. Unlike volatile cryptocurrencies such as Bitcoin and Ethereum, stablecoins aim to provide price stability while retaining the benefits of digital…
What is Blockchain Technology? Blockchain technology is a decentralised digital ledger system that records transactions across multiple computers securely, transparently, and immutably. Each record, known as a “block”, is linked to the previous one, forming a continuous “chain” of data. This structure makes it nearly impossible to alter past records without changing all subsequent blocks,…
The Indonesian Financial Services Authority (Otoritas Jasa Keuangan, OJK) is closely monitoring the evolution of blockchain technology and its potential applications within the banking sector. This move aligns with global financial trends as institutions explore digital innovations to maintain competitiveness in an increasingly tech-driven landscape. Dian Ediana Rae, Chief Executive of Banking Supervision at OJK,…
Bitcoin is a decentralised digital currency that allows users to send and receive payments without relying on a central authority, such as a bank or government. Introduced in 2008 by an anonymous entity known as Satoshi Nakamoto, Bitcoin has since revolutionised the financial landscape by providing a peer-to-peer payment system. How Does Bitcoin Work? Bitcoin…
On 5 March 2025, blockchain analytics firm Lookonchain reported that FTX/Alameda had transferred 58,964 Solana (SOL) tokens—valued at approximately $8.52 million—to the cryptocurrency exchange Binance. This transaction is part of a broader movement involving 3.03 million SOL tokens (worth $431.3 million) that FTX/Alameda recently unstaked. Market Implications: Increased Selling Pressure Concerns The substantial transfer of…