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SEC’s enforcement director resigns after leading over 100 cryptocurrency enforcement actions
Gurbir S. Grewal, the director of the U.S. Securities and Exchange Commission’s (SEC) enforcement division, will leave his position next week after leading several high-profile enforcement actions, particularly in the cryptocurrency space, against noncompliant platforms and insider trading, resulting in billions of dollars in fines.Gurbir Grewal to leave as SEC enforcement chiefThe U.S. Securities and Exchange Commission (SEC) announced Wednesday that Gurbir S. Grewal, director of the Division o
2024-10-15
Google Trends data shows Bitcoin interest cools amid market uncertainty
With the price of Bitcoin falling below $60,000 in early September, the once-hot Bitcoin seems to have waned, as can be seen from Google Trends data. On January 1, 2024, the search popularity score for "Bitcoin" was 57 out of 100, but fast forward to now, it has dropped to 32. When you look at the long-term data over the past five years, it's clear that interest in Bitcoin through web searches has been somewhat sluggish.Bitcoin global search interest declines, market enthusiasm wea
2024-09-14
Crypto Market Volatility Fuels $1.2B Inflows at Binance
On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over the past day. Binance CEO Richard Teng noted that this “marks one of the highest net inflow days of 2024.”Binance CEO Says Yesterday Was the ‘Highest Net Inflow Days of 2024’The past few days in crypto m
2024-08-26
German Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve
According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8.Bitcoin Holds Strong Amidst Germany’s Selling PressureThe German government’s wallet now holds 22,846 BTC following multiple transfers and deposits over the past 19.5 hours. Since then, 3,840 BTC has exited the wallet, bringing the total value of Germany’s bitcoin reserve to $1.3
2024-07-24
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to return to its previous levels.Bitcoin Miners See Hashprice Surge to $95, Followed by Sharp DeclineBitcoin miners experienced a brief period of significa
2024-06-10
Analyst Heralds Multi-Year Bull Market For Gold: $8,000 per Ounce at Play
Jan Nieuwenhuijs, a gold market analyst, has predicted a new multi-year bull market for gold. According to different factors, including the low percentage of gold as part of the global international reserves, and the size of the equity market, gold prices might be preparing to rise, putting prices of $8,000 per ounce in the realm of possible.Gold Analyst Predicts Exponential Acceleration of Gold Prices in the Coming YearsJan Nieuwenhuijs, an analyst specializing in the global gold market, has fo
2024-05-10
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