Bitcoin stabilized over $19K after the initial sell-off caused by inflation data

Markets

Bitcoin dropped to $18K upon Consumer Price Index (CPI) report release, but quickly bounced back to over $19K. The CPI data came close to expectations, so some analysts think traders may have already accounted for the possible negative news.

01 December

Business

9 days ago

Changpeng Zhao (CZ) steps down as Chairman of Binance.US. CZ's role in the American arm is now solely economic, distancing himself from governance. The move comes after CZ's guilty plea to anti-money laundering violations and a historic settlement for Binance.

General

9 days ago

Reports suggest Apple may enable sideloading for EU iPhone users, potentially exposing crypto users to phishing attacks, asset theft, and password risks. Security firms highlight the threat of malicious developers creating deceptive applications to exploit user trust.

Policy

9 days ago

Coinbase users, irrespective of their connection to Bybit, are now grappling with the potential sharing of their customer account information with the CFTC. The #crypto exchange giant, served with a subpoena linked to Bybit, has notified users of a looming data disclosure.

Tech

9 days ago

Korea Information Certificate Authority (KICA) collaborates with PiLab and CODE to develop Web3 authentication services. This strategic partnership aims to establish a secure environment aligning with global regulatory trends, emphasizing compliance with virtual asset service providers' KYC procedures and the crypto Travel Rule.

20 November

Policy

20 days ago

Tokyo-based Ichigo plans to introduce digital securities worth over $20 million backed by real estate on the Osaka Digital Exchange (ODX). The alternative assets will become available on ODX starting December 25.

General

20 days ago

Javier Milei, the pro-Bitcoin outsider candidate, secured victory in Argentina's second-round runoff election on Sunday, winning 56% of the votes against rival Sergio Massa. Milei, known for his hardline libertarian views, sees Bitcoin as a return of money to the private sector and a natural reaction against central bank practices.

Tech

20 days ago

In the run-up to the sixth consecutive difficulty adjustment on November 26, the Bitcoin network showcases remarkable resilience and growth, hitting a record-breaking one-day hash rate of 551 exahashes per second (EH/s) – an unprecedented milestone.

Business

20 days ago

Payment giant Mastercard reinforces its stance against crypto fraud through a strategic partnership with Feedzai, a leading technology platform specializing in AI-driven solutions for combating online financial fraud.

Markets

20 days ago

NEAR Protocol's native token stands out amid the latest market surge with an impressive 17% rise. Meanwhile, Bitcoin exhibits resilience, reclaiming $37,000 after a brief consolidation at $36,500. Altcoins, including LINK, IMX, HBAR, and LDO, also witness notable gains, contributing to a $20 billion increase in the total crypto market cap.

30 October

General

one month ago

Changpeng Zhao (CZ), founder of crypto exchange Binance, has seen his wealth plummet by $11.9 billion, an 82% drop, as Binance's revenues dipped due to lower trading volumes this year.

Bitcoin stabilized over $19K after the initial sell-off caused by inflation data

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