Meet Opeyemi, a dedicated writer with a fervent passion for the world of cryptocurrency. Although this industry was not his initial career choice, Opeyemi has found himself completely captivated since delving into the realm two years ago. His enthusiasm shines through as he unravels the complexities of blockchain technology and shares his insights on the
admin
As the market continues to fluctuate, analysts at CryptoQuant have identified key on-chain metrics that may indicate the potential for Bitcoin to have bottomed and for cryptocurrencies to start rallying once again. These metrics include higher bullish momentum, an increase in Bitcoin demand, and faster growth in stablecoin liquidity. These signals are crucial indicators to
The recent update from the European Central Bank (ECB) regarding the development of the digital Euro CBDC has sparked concerns among experts and investors. While the ECB claims that privacy and data protection are its top priorities, there are underlying features of the currency that suggest otherwise. The ECB’s two-year preparation phase for the digital
In the month of June, Bitcoin experienced a disappointing price performance, much to the dismay of many investors. The cryptocurrency dipped below $60,000 at certain points, showcasing a consistent downward trend throughout the month. Zen, a crypto analyst, has highlighted some crucial liquidity pools that may play a significant role in determining Bitcoin’s fate in
Ethereum experienced a 3% decrease in price this week, with buyers struggling to defend the key support at $3,500. The continuous pressure from sellers puts ETH in a clear downtrend, with the past five weekly candles closing with a lower low. To reverse this downward trend, ETH needs to surpass $3,700 and challenge the key
Earth Attack is more than just a typical NFT project; it is a gateway into a universe where science fiction meets reality. By immersing yourself in Earth Attack, you are stepping into a world where community, entertainment, and exploration come together seamlessly. This project prides itself on its dedication to inclusivity and diversity, welcoming individuals
Cryptocurrency journalism is a rapidly evolving field that requires a unique skill set and dedication to staying informed on the latest trends and developments in the industry. One individual who exemplifies these qualities is Semilore Faleti, a seasoned writer with a passion for demystifying the world of digital assets and advocating for their adoption. Semilore
The cryptocurrency markets are experiencing a decline today, with Bitcoin heading toward the $60K mark and most altcoins showing a slow decrease. The total market capitalization is currently at $2.37 trillion. Bitcoin has seen a 1.3% drop in the past 24 hours, adding up to a total loss of approximately 6% for the week. The
Opeyemi is not just an average writer, he is a passionate enthusiast of the cryptocurrency realm. Despite not initially choosing the digital asset industry, he found himself deeply drawn to it over two years ago. Since then, he has dedicated himself to unraveling the complexities of blockchain technology and sharing insights on the latest trends
Samuel Edyme, known by the nickname HIM-buktu, is not your typical crypto enthusiast. His entrance into the world of cryptocurrencies was not through a successful investment, but rather through a scam. This Ponzi scheme that lured him in with promises of quick profits ended up being a valuable lesson for Edyme. Instead of giving up,
The recent decision by the US Supreme Court to overturn the Chevron doctrine has raised significant concerns within the cryptocurrency community. Introduced in a 1984 case known as Chevron v. Natural Resources Defense Council, the doctrine established guidelines for federal courts to defer to agency interpretations of laws and statutes. This decision created a framework
T-Rex Group, a financial services company, has recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This new financial vehicle is expected to be one of the most volatile ETFs in the country if approved. The main objective of the fund, named as ‘T-Rex 2X Long MSTR Daily Target
Bitcoin’s price has recently been rejected at $62,000, sparking conflicting sentiments in the market. While bullish investors remain optimistic, bears are now emerging from the shadows, suggesting that the price may continue to drop. Crypto analyst DonAlt has weighed in on the situation, stating that the worst may be yet to come for Bitcoin. Despite
The prediction made by analyst ‘RamenPanda’ regarding potential interest rate cuts by the U.S. central bank lacks concrete evidence and fails to consider the unpredictability of market reactions. While historical data from the 2008 financial crisis is referenced, it is important to note that each economic situation is unique and cannot be accurately compared to
As approximately 107,000 Bitcoin options contracts are set to expire this Friday, the overall notional value of $6.6 billion brings the potential for increased market volatility. This end-of-month expiry event is significantly larger than typical end-of-week expirations. The put/call ratio of 0.5 indicates that there are twice as many long (call) contracts expiring as shorts
Solo Leveling: Unlimited is a new NFT platform based on the popular South Korean web novel and webtoon, Solo Leveling. Developed by OtherWorld, a Web3 company based in Singapore, this platform aims to combine entertainment and blockchain technology on the Avalanche blockchain. One of the key features of Solo Leveling: Unlimited is its use of
Bitcoin, the world’s largest digital asset, experienced a tumultuous week in terms of price fluctuations. Starting the week off at over $64,000, Bitcoin seemed to maintain its stability until the bears took control and initiated a massive downward trend. Within hours, Bitcoin plummeted by several thousand dollars, hitting a low of $58,400 – a level
The founder of Kraken, Jesse Powell, made headlines when he announced a donation of $1 million, mainly in Ethereum, to support former US President Donald Trump’s re-election bid. Powell’s motivation behind this donation was to ensure that the US remains a leader in blockchain technology. By uniting behind the only pro-crypto major party candidate in
As the launch date for the first spot Ethereum ETFs in the United States approaches, experts are predicting a significant price appreciation for the second-largest cryptocurrency in the market. The US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs by July 4, according to a recent Reuters report. Discussions between asset managers
Recently, Binance made headlines by announcing the implementation of stricter measures to combat account misuse on its platform. The company unveiled its plans to enhance monitoring of all account activities due to instances where certain features were abused for gaining unfair advantages over other users. This move signifies a proactive stance taken by Binance to
Keisha Lance Bottoms, set to become Joe Biden’s senior campaign adviser, recently shared her views on the bipartisan nature of crypto. She emphasized that crypto is not a political issue and has garnered support from both sides of the political spectrum. According to Bottoms, crypto has managed to capture the attention of voters nationwide, highlighting
The highly anticipated Illuvium Open Beta is set to launch on July 25, 2024, exclusively via the Epic Games Store for PC. Since its inception in 2020, the game has been in active development, meticulously blending elements from various gaming genres to create a one-of-a-kind experience. The Illuvium team has shown dedication and commitment to
The European Securities and Markets Authority (ESMA) has recently proposed regulations under the Markets in Crypto Assets Regulation (MiCA), sparking concerns within the crypto community. Paradigm, a prominent player in the industry, has raised alarms over the misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. MEV is a critical component
CleanSpark, a prominent player in the Bitcoin mining industry, made waves with its recent announcement of acquiring GRIID Infrastructure in an all-stock deal worth $155 million. This strategic move immediately added 20 megawatts of power to CleanSpark’s operations, with an additional 400 MW expected to come online in Tennessee within the next two years. By
Coinbase, the largest cryptocurrency exchange in the United States, has taken a bold step by filing lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). These lawsuits are in response to the agencies’ failure to comply with information requests related to closed crypto cases. The filings at the United
The US Securities and Exchange Commission (SEC) is inching closer towards the approval of the latest adjustments regarding spot Ethereum ETFs, with the discussions between asset managers and regulators nearing their conclusion. Prominent asset managers like BlackRock, Franklin Templeton, and Grayscale Investments are among the eight firms progressing towards the final stages. This development comes
The recent decline in the price of Bitcoin can be attributed to major sell-offs orchestrated by large governments, such as the German and US governments. These government-led sell-offs have contributed to the downward pressure on the digital asset. For example, the German government sold around 2,786 BTC, amounting to approximately $140 million, while the US