Day: June 25, 2024

The Case for Launching a White Label Crypto Exchange in 2024

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The digital asset industry has surged in 2024, creating unparalleled opportunities for investors and businesses alike. The cryptocurrency market is maturing, with increased institutional interest and technological advancements driving enhanced scalability and user adoption. Market confidence is at an all-time high, creating an ideal environment for launching or expanding a crypto exchange. These developments set the stage for exceptional projections going into 2025. With the digital asset market poised for continued expansion, this year is the ideal time to launch a crypto exchange. In this article, we will explore why…

Mt. Gox Effect? Bitcoin’s (BTC) Dominance Rate Registers Biggest Drop in 5 Months

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BTC’s dominance, or share of total crypto market value, fell by 1.8% to 54.34%, the biggest single-day percentage decline since Jan. 12, according to charting platform TradingView. In other words, investors likely pulled money from bitcoin faster than from its peers. The cryptocurrency’s price fell nearly 5%, hitting lows under $59,000 at one point, CoinDesk data show. Original

Iran Officially Unveils Central Bank Digital Currency Project

Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued electronically by the central bank, aims to streamline transactions within the country’s banking system. A pilot project will commence […] Source CryptoX Portal

Is The Bitcoin Bottom In? Here’s What 7 Experts Say

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The market saw a dramatic Bitcoin price drop over the past two days, plunging from a high of $64,500 on Sunday to a low of $58,474. Yesterday’s steep decline followed an unexpected announcement from the trustee of the defunct Mt. Gox exchange, revealing plans to commence BTC and BCH payouts in early July—a move that has sent shockwaves through the market. This news raises urgent questions about the immediate future of Bitcoin’s price trajectory. Amidst this market turmoil, several prominent cryptocurrency analysts have weighed in, offering their insights on whether Bitcoin…

Bitcoin (BTC) Price Hold Steady at $61K After a Brief Nosedive to Below $60K

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Another $600M Exits, Price Drops Lower

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The once-sizzling crypto market continues to sputter, with Bitcoin, the undisputed king of the digital realm, leading the retreat. After a euphoric climb that saw it breach the $73,000 level earlier this year, Bitcoin has shed its royal cloak, plummeting to new lows and dragging the entire crypto ecosystem into a period of frosty uncertainty. Related Reading Exodus From The Empire: Investors Pull Billions The past weeks have been marked by a mass exodus from Bitcoin. Investors, spooked by the prolonged price slump, have been fleeing the flagship cryptocurrency in…

Chainlink Signals Upside Break: Analyzing LINK’s Bullish Indicators

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Julian Assange Reaches Plea Deal With U.S. DoJ

As CoinDesk reported at the time, Assange said that Wikileaks initially refrained from accepting bitcoin to avoid drawing government scrutiny that could hinder the cryptocurrency’s growth after a personal request from bitcoin founder Satoshi Nakamoto. Later, when facing a financial blockade, it adopted bitcoin for donations, providing vital funding for Wikileaks and simultaneously enhancing BTC’s legitimacy and utility. Source

‘Crypto Winter’ Arrives Early For The Altcoin Market As Venture Capital, Founder Selloffs Mount

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…