Bitcoin Maintains $61K Despite Bleak US PPI Data
Bitcoin remains above $61,000 post-release of US PPI data, surpassing market expectations amid concerns over Federal Reserve policy rates. Following the publication of the most recent U.S. Producer Price Index (PPI) data, Bitcoin surmounted the $61,000 threshold in trading. Significantly, the cryptocurrency market was anxiously awaiting the critical inflation data, given the escalating concerns surrounding […]
Deutsche Bank Joins Project Guardian
Deutsche Bank partners with Singapore’s central bank for asset tokenization under MAS Project Guardian, focusing on wholesale funding markets and DeFi. The Central Bank of Singapore is working with Deutsche Bank, a multinational investment bank based in Germany, on asset tokenization. The Monetary Authority of Singapore (MAS) has enlisted Deutsche Bank in Project Guardian. This […]
Tornado Cash Developer Convicted of Money Laundering
Tornado Cash developer Alexey Pertsev was convicted of money laundering by a Dutch court and sentenced to five years and four months in prison. The conviction of cryptocurrency mixing protocol creator Tornado Cash’s creator, Alexey Pertsev, for money laundering, might have serious ramifications for others who create open-source software. At s-Hertogenbosch court on May 14, […]
BTC Faces $2.7 Billion Liquidation Trigger at Key Level
The recent crypto market correction aligns with Bitcoin Liquidation Heatmap data, indicating a possible $2.7 billion short liquidation if BTC hits $67,000. The worldwide cryptocurrency market capitalization abruptly dropped during the recent major correction in the cryptocurrency industry. The likelihood of a significant $2.7 billion Bitcoin short liquidation once BTC hits the critical level of […]
Binance Continues Support for PEPE, WIF, ENA, WLD, Others
Binance’s expansion of cryptocurrency support, including Pepe Coin, dogwifhat (WIF), and Worldcoin (WLD), sparks community speculation on price impact. Leading cryptocurrency exchange Binance announced that it will be adding more support for cryptocurrencies, including Pepe Coin, dogwifhat (WIF), and Worldcoin (WLD). This statement has generated criticism. The cryptocurrency community responded favorably to this decision, and […]