Bitcoin Price Rally Breaches $1,050
Bitcoin price continues to surge with a week-long rally that has seen bitcoin gain over 10% in value since the end of January. Bitcoin struck a new 30-day high of $1,056, today. Reverting to a bullish trend similar to the beginning of the year when bitcoin broke the $1000 milestone on its way to reach gold parity, bitcoin is booming. A crackdown by the People’s Bank of China (PBoC), China’s central bank led to significant turmoil, leading to bitcoin losing a third of its value to hit a January low of $751 within days of reaching a high of $1139 on the Bitstamp Price Index. Brushing aside....
Related News
The Swift payment network breaches have been making media headlines for several weeks now. But it appears more than three banks may have been breached, as researchers are investigating 12 similar incidents. Although nothing has been confirmed yet, this news does not bode well for the financial ecosystem. A lot of people were concerned about Swift when it became clear more than one bank lost funds due to a breach. To make matters even worse, the scope of these attacks may be much broader than anticipated. FireEye researchers are investigating a dozen incidents involved computer breaches....
Bitcoin and its fellow cryptocurrencies registered a bullish rally over the last 24 hours that helped push the entire crypto market’s market cap to over $1 trillion for the first time since October 5, 2022. For its part, the alpha crypto was finally able to break through the $20,000 as it is trading at $20,201 […]
Solana (SOL) has been making waves in the cryptocurrency market with an impressive price performance since the beginning of 2023. The digital currency has recorded a staggering 195% increase in its value during this period, leaving traders and investors eager to know whether this rally can be sustained in the months to come. From its humble beginnings at $9.97, the price of SOL has rapidly ascended to nearly $30 in the span of just 10 months. At the time of writing, SOL is valued at $30.72 at CoinGecko, boasting impressive 24-hour gains of 3.6% and an astonishing seven-day rally of 38.9%.....
US Regulators are scrutinizing the Swift payment network in light of the recent heists which have taken place. That is not a complete surprise, as there is plenty of cause for concern. Things have gotten so dire; the US regulators have warned banks about more imminent threats to their cyber security. Ever since the various Swift breaches became public knowledge, there has been a lot of concern among financial regulators. Albeit the hackers used smaller banks to gain access to the Swift network, regulators feel the interbank protocol is no longer safe. Swift Is Not Adequately Protecting Its....
UK businesses could be liable for £122 billion in fines for cybersecurity breaches from 2018, as the debate on Bitcoin’s role in combating ransomware threats shows signs of change. ‘Stratospheric’ Fines Reveal Scale of Cybersecurity and Ransomware Problems. Despite the looming fear of Brexit, from 2018 the country looks to be bound by EU-wide legislation....