During a congressional hearing, US Treasury Secretary Janet Yellen addressed the issue of countries attempting to establish alternative reserve currencies in an effort to challenge the dominance of the US dollar. Yellen acknowledged that this trend is to be expected, primarily driven by countries se

Sam Bankman-Fried, a co-founder of FTX, is now facing two distinct trials for his alleged mismanagement of the cryptocurrency exchange after the DOJ's charges against him were added after his extradition to the U.S. A District Judge ordered a separate trial for those charges, which were added after

BlackRock Seeks Approval for Revolutionary Bitcoin ETF in the United StatesBlackRock, the global investment giant, seeks approval for a Bitcoin spot ETF in the US. The potential approval would not only make it the first cryptocurrency spot ETF in the country but also represent a major milestone in t

1. Market TrendBetween June 12 and June 14, the BTC price fluctuated between $25,602.11 and $26,433.21, with a volatility of 3.24%. According to the 1-hour candle chart, BTC has experienced little volatility and has maintained a relatively stable trend, running above the support level of $25,500. On

The Hong Kong Monetary Authority (HKMA), serving as Hong Kong's central bank and regulator, has reportedly been pressuring major banks like HSBC, Standard Chartered, and Bank of China to accept cryptocurrency exchanges as clients. During a meeting in May, the HKMA raised concerns about the banks' re

As the Federal Reserve held off on raising interest rates, the price of Bitcoin fell by 4%.Source: coin-turk.comFollowing a hawkish Fed pronouncement in the midst of yet another volatile week for the cryptocurrency sector, the price of Bitcoin has dropped below the $25,000 threshold for the first ti

Miami Mayor Francis Suarez, a Strong Bitcoin Advocate, Joins the 2024 US Presidential Election ContestMiami Mayor Francis X. Suarez, a vocal advocate for cryptocurrencies, has officially joined the 2024 US presidential race as a Republican candidate. Diverging from Joe Biden and Donald Trump, Suarez

During a recent Bloomberg interview on June 13, Michael Saylor, a well-known advocate for Bitcoin, shared his insights on the Securities and Exchange Commission's (SEC) enforcement actions. According to Saylor, these actions are likely to work in favor of Bitcoin, as it is the only cryptocurrency ex

According to derivatives data, the price of Bitcoin is still exploring the bottom parts of its trading span, but a fall to $25,000 appears all but certain.Source: forkast.newsAfter effectively defending the $25,500 support on June 10, Bitcoin has been trading in a constrained 3.4% range for the last

New Study Unveils Bitmain's S19 Mining Rigs as Dominant Force in Bitcoin Network's HashrateOn June 13, Coin Metrics researchers published a study unveiling a new nonce analysis method for bitcoin mining. This allows for identifying specific mining rigs and evaluating their energy usage and effective