News – Archive

Bitcoin price dropped to a low of $108,000 after Fed Chair Powell indicated a December rate cut is ‘not a foregone conclusion.’ The Federal Reserve cut its benchmark rate by 25 basis points, but the hawkish tone triggered $817 million in crypto liquidations. This reaction highlights crypto’s sensitivity to monetary policy, potentially delaying Bitcoin’s push toward new all-time highs. Bitcoin experienced a sharp decline yeste…

Mt. Gox has extended its repayment deadline for creditors from October 31, 2025, to October 31, 2026. The delay stems from incomplete procedures for many creditors and the need for secure distribution processes. This move may reduce immediate selling pressure on Bitcoin, with roughly 34,700 BTC still awaiting distribution. The defunct cryptocurrency exchange Mt. Gox has once again delayed its creditor repayments, pushing the…

Rep. Ro Khanna plans to introduce a bill banning elected officials from owning or trading cryptocurrencies, extending existing stock trading restrictions. The proposal follows President Trump’s pardon of Binance founder Changpeng Zhao, which Khanna labels as “blatant corruption” tied to financial links with Trump’s family crypto ventures. Crypto markets remain resilient, with $921 million in inflows to investment products last week…

The global cryptocurrency market capitalization has surged to $3.88 trillion following announcements of progress in US-China trade talks. Bitcoin led the gains, rising 2.5% to $115,447, while XRP outperformed by topping its 200-day moving average. The rally comes ahead of key events including Fed and BoJ rate decisions, Mag 7 earnings, and a potential Trump-Xi summit. The cryptocurrency market experienced a significant upswin…