Global #cryptocurrency

Cumberland, a prominent player in the cryptocurrency trading space, is currently embroiled in a legal battle with the Securities and Exchange Commission (SEC) following allegations that it conducted over $2 billion in crypto asset transactions without adhering to federal registration requirements.

In an exciting development for cryptocurrency enthusiasts, Coinbase, one of the major US crypto exchanges, has announced the addition of io.net (IO) to its platform.

Metaplanet Inc., a Tokyo-listed firm recognized for its aggressive investments in Bitcoin (BTC), announced on Friday that it has acquired an additional 108.999 Bitcoin for ¥1 billion (approximately US$6.5 million).

On October 9, 2024, the meme cryptocurrency market is experiencing significant downturns, with nearly all coins in the top 100 losing value. Notably, Popcat (POPCAT) and Dogwifhat (WIF) have emerged as some of the worst performers today, reflecting a broader trend of market disinterest.

VanEck, a prominent American investment management firm, has officially launched its inaugural venture fund, VanEck Ventures, with an initial capital commitment of $30 million.

Hong Kong-based IDA Finance is set to integrate Chainlink’s blockchain services into its forthcoming HKDA stablecoin, which will be backed by the Hong Kong dollar.

Peter Schiff, a renowned economist and vocal Bitcoin critic, has made a surprising statement. In a recent tweet, Schiff humorously proposed that Michael Saylor, the CEO of MicroStrategy and a prominent Bitcoin advocate, should purchase the 69,370 Bitcoin that the U.S. government is preparing to sell.

Alchemy Pay, a leading crypto payment solution, has announced a groundbreaking integration with Samsung Pay, allowing users to execute fiat-to-crypto transactions effortlessly.

As of October 9, 2024, Bitcoin (BTC) has experienced a notable correction, testing the $61,850 zone after struggling to maintain momentum above the $65,000 mark.

As of 2024, Bitcoin continues to navigate a complex market environment, characterized by both challenges and opportunities. While its price has experienced fluctuations, the underlying fundamentals remain strong, suggesting a promising future for the world's largest cryptocurrency.

As Ethereum approaches the psychological $2,500 mark, traders are keenly observing its potential to break through this significant resistance level. While the cryptocurrency has shown some upward movement recently, questions linger regarding its momentum, particularly in light of relatively low trading volumes.

Revolut, the cryptocurrency-friendly neobank, recently announced a significant achievement in its fight against fraudulent crypto transfers. Between June 1 and September 1, 2024, the company successfully blocked up to $13.5 million worth of potentially fraudulent transactions.