Bitcoin rallied to a two-year high today, breaking above $68,000 as a surge of investment flows propelled the cryptocurrency within striking distance of its all-time record. The price hit a session high of $68,580, just shy of the record $68,999.99 set in November 2021.
Chinese state media outlet Economic Daily cautioned investors about Bitcoin risks amid the crypto’s price rally, as China maintains its ban on crypto trading and services.
A South Korean court has jailed a crypto scammer for 5 years for stealing over $1.6 million worth of crypto from an AfreecaTV broadcasting star through an elaborate scheme involving fake Bitcoin wallets and investment promises.
Shiba Inu ecosystem saw over 24-hour trading volume topping $1.1B to surpass Cardano and other larger market cap coins alongside triple-digit returns for SHIB, BONE, and TREAT tokens.
PEPE led meme coin gains with a 180% weekly price explosion to $0.0000033, joined by FLOKI and Doge surging 20-30%, as the niche crypto sector suddenly rebounds to $27 billion.
Hong Kong’s central bank will launch a sandbox allowing institutions to trial stablecoin issuances to shape future policy and licensing around pegged crypto assets.
The messaging app Telegram will split ad profits 50/50 with channel owners starting in March, using TON blockchain and its token Toncoin for seamless crypto payouts.
As Ethereum breaks $3k and Chainlink investors diversify decentralized e-commerce platform Pushd gains momentum in presale for its blockchain transformation of online shopping.
A recent analysis found the stablecoin Tether to have relatively low volatility compared to the wider crypto market, owing to its pegging to fiat currency.
Bitcoin’s surge past $60,000 has renewed crypto market optimism, but Hong Kong’s planned crackdown on small crypto shops illustrates the industry’s uneasy fit with regulation.
