The cryptocurrency world is buzzing as its total market capitalization reaches an impressive $1.27 trillion. Let’s take a closer look at the recent price movements of some of the most popular digital assets, which have left the market in a state of excitement. Bitcoin’s Astonishing Rally In an unexpected twist, Bitcoin experienced a remarkable 11% surge on October 24, pushing its price to $33,623. This surge represents the highest value Bitcoin has achieved in the past 16 months. It’s all thanks to the growing optimism around the potential approval of Bitcoin exchange-traded funds (ETFs) in the United States. BTC Listing…
Author: zubair
zubair
Muhammad Zubair is an accomplished professional with a diverse background in media and technology. Currently serving as an Editor at the Bol News Network, he brings extensive expertise in news curation and content management. With a strong passion for the dynamic world of cryptocurrencies and emerging technologies, Muhammad also holds the position of Managing Director at Crypto Avanza. Muhammad completed his Bachelor's degree in Computer Science from Ilma University, where he gained a solid foundation in technical knowledge and problem-solving skills. Since joining the Bol Network in 2022, he has consistently demonstrated his commitment to delivering high-quality news coverage and engaging content. With a keen interest in exploring the intersection of media and technology, Muhammad actively contributes to the growth and development of the Crypto Avanza platform. Through his leadership and strategic insights, he aims to provide valuable insights into the evolving landscape of cryptocurrencies, blockchain technology, and financial markets. Muhammad Zubair's multifaceted background and dedication to staying at the forefront of industry trends make him a valuable asset in bridging the gap between traditional media and the digital world. His expertise and passion drive him to deliver impactful content that informs and empowers readers in navigating the complexities of the ever-changing global landscape.
On October 19th, Thursday, Bitcoin and several other major cryptocurrencies faced a slight decline in their trading values. Bitcoin, the leading cryptocurrency, registered a loss of 0.88 percent, bringing its current trading value to $28,225. While this minor dip in Bitcoin’s price may raise some concerns, it’s worth noting that the cryptocurrency managed to stay above the crucial $28,000 mark. This has left the crypto community cautiously optimistic about the prospects for the coming days, as the market remains volatile. In a parallel trend, Ether (ETH), the second-largest cryptocurrency, also saw a decline, marking a 1.43% drop and trading at…
Uniswap, a decentralized finance (DeFi) exchange, recently introduced a mobile wallet app for Android users, following its earlier launch on iOS in April. After unveiling the iOS version, Uniswap experienced a surge in downloads, securing a spot among the top three wallets for new downloads, as per an official announcement by the exchange. “WEN ANDROID?” How about now? 🔥🔥🔥 🫳 🎤 The Uniswap wallet is coming to Android users 🌐 The beta is LIVE — sign up here to get early access ✅https://t.co/9OHhpSqbez pic.twitter.com/vXsn2NS5Sx — Uniswap Labs 🦄 (@Uniswap) October 12, 2023 The Android app, currently in beta, allows users…
Binance CEO Changpeng Zhao and several Binance executives are facing potential indictment in Brazil following a congressional committee’s investigation into financial pyramid schemes. The committee, led by Deputy Ricardo Silva, released a 500-page report on October 10, which accuses Zhao and the local Binance executives of fraudulent management practices, unauthorized operations, and unapproved securities trading. According to the report, Changpeng Zhao was the main controller of a convoluted web of legal corporations that Binance and its executives allegedly constructed, seemingly for legal compliance’s sake rather than for justifiable commercial objectives. The committee also suggests 45 more people be charged with…
A high-ranking executive at Bitstamp has revealed that the cryptocurrency exchange is set to collaborate with three major European banks, as disclosed in an interview on October 9th. Robert Zagotta, who serves as Bitstamp’s CEO for the Americas and also holds the position of Global Chief Commercial Officer, shared that these partnerships pertain to Bitstamp’s innovative feature known as “Bitstamp-as-a-Service.” This unique feature operates as a white-label service, enabling banks and other enterprises to provide cryptocurrency buying and related services utilizing Bitstamp’s well-established trading platform. Zagotta elucidated this development, stating, “In the last six to nine months, we’ve had quite…
Ethereum enthusiasts held high expectations for the network’s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) in September last year. They saw this transition as a critical moment that would solidify ETH’s status as “ultrasound money.” The shift was anticipated to decrease ETH issuance by 90%, giving rise to hopes of ETH becoming a deflationary currency with a steady appreciation over time. However, one year later, the situation seems less certain. Over the past month, the global supply of ETH has experienced a noticeable increase of nearly 30,000 ETH, equivalent to about $47.9 million at the time of this report, as…
Elon Musk, who currently holds the positions of executive chair and chief technical officer at X (formerly known as Twitter), is under scrutiny due to the suspension of an XRP-related account. Crypto Eri, a prominent figure in the cryptocurrency sphere, reached out directly to Elon Musk on the X platform to seek clarification regarding the suspension of the XRP-related account, questioning whether it was an error. The account in question is Digital Asset Investor.XRP was known for its vocal support of XRP, the cryptocurrency associated with the XRP Ledger blockchain. XRP has been mired in numerous controversies and legal battles,…
The high-profile criminal trial of Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, took an intense turn on its second day. As a pivotal witness for the prosecution, Adam Yedidia, a former FTX software developer and close friend of Bankman-Fried, testified. Yedidia’s testimony shed light on their relationship and the inner workings of FTX. Adam Yedidia revealed his extensive history with Sam Bankman-Fried, starting as roommates during their time at MIT. Yedidia briefly worked at Alameda Research in 2017 before joining FTX as a developer in January 2021. Their connection went even further, as Yedidia disclosed that he had…
Despite recent consolidation, Solana (SOL) is poised for growth. AI algorithms predict SOL could reach $39.73 by year-end, a 65% gain. Analysts, including Crypto Tony, eye the $25.50 level as a potential bullish trigger. Despite opening the week with a bullish trend, most cryptocurrencies are currently in a consolidation phase, including Solana (SOL). However, there is growing optimism among investors, driven by artificial intelligence (AI) algorithms, which predict a brighter future for Solana by the end of this year. According to the AI-driven price prediction algorithms on CoinCodex, Solana is projected to reach $39.73 by December 31, 2023. This prediction…
Today in Saudi Arabia, on September 29, 2023, the price of 24-Karat gold is 2248.70 SAR for 10 grams and 2622.88 SAR for 1 Tola. Below, you’ll find more information about the gold rates in Saudi Arabia for both 24-Karat and 22-Karat gold per Tola and 10 grams. Gold Price in Saudi Arabia – 29 September 2023 The cost of 10 grams of 24-Karat gold is 2248.70 SAR, while 10 grams of 22-Karat gold is available for 2061.30 SAR. Similarly, 1 Tola of 24-Karat gold is priced at 2622.88 SAR in the Kingdom of Saudi Arabia (KSA), and 1 Tola…