ChainFabricNews

image source: Unlock blockchain Bitcoin has officially crossed the $100,000 mark, making headlines across the financial world. This milestone solidifies Bitcoin’s role as the leading digital asset and has investors buzzing about its future potential. Over the past year, Bitcoin’s value has doubled, driven by favorable government policies, increasing adoption by major institutions, and broader economic trends. Let’s take a closer look at what’s fueling this remarkable surge. Government Support and Regulatory Changes One major factor behind Bitcoin’s rise is the shift in government policies. The re-elected Trump administration has been more open to digital currencies, introducing measures to support their growth. Recent regulatory changes have reduced red tape for crypto exchanges, encouraged businesses to adopt blockchain technology, and even proposed using Bitcoin as a strategic financial asset. Additionally, key leadership changes at the Securities and Exchange Commission (SEC) and th...

image source: cryptorank  In a positive turn of events for cryptocurrency investors in New Zealand, former users of the defunct Christchurch-based exchange, Cryptopia, are finally receiving repayments after years of uncertainty. The exchange, which was hacked in 2019 and subsequently went into liquidation, is now distributing approximately NZ$400 million (US$225 million) worth of cryptocurrency to affected users. A Look Back at the Cryptopia Incident Cryptopia was once a well-known cryptocurrency exchange in New Zealand, offering users access to a wide variety of digital assets. However, in January 2019, the platform suffered a devastating cyberattack, with hackers stealing an estimated US$30 million worth of cryptocurrency. As a result, the company was unable to recover and went into liquidation under the management of Grant Thornton New Zealand. Since then, users have faced a long and complicated legal battle to regain access to their funds, with multiple legal and technical chal...

image source: Hindustan times  Bitcoin, the world's largest cryptocurrency, is making headlines again by surpassing the $60,000 mark—an achievement not seen since late 2021. This recent rally has reignited interest among investors and sparked discussions about whether Bitcoin is gearing up for new record highs. What’s Driving Bitcoin’s Recent Surge? Several key factors are fueling Bitcoin’s rise. One of the biggest reasons is the increasing optimism around Bitcoin spot Exchange-Traded Funds (ETFs) in the United States. Institutional investors are pouring significant capital into the market, signaling stronger confidence in Bitcoin's future. Another crucial factor is the upcoming Bitcoin halving event, expected in April 2024. This event, which happens roughly every four years, reduces the reward for mining new Bitcoin blocks by half. Historically, Bitcoin halving has led to price increases because of reduced supply and growing demand. Additionally, global economic conditions, in...