Bitcoin (BTC) has experienced a 4.5% decline in the past week, reaching a monthly low of $65,000. This drop in the digital currency’s value has been attributed to a surge in selling from mining entities. In a recent report by CryptoQuant, analysts pointed out that the number of BTC transferred from Bitcoin mining entities to
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In May, KuCoin exchange’s research arm released a report on the performance of cryptocurrencies, indicating that there was a notable decrease in new investments compared to April. The report highlighted that institutional investors showed a preference for Ethereum and EVM-focused platforms during this period. During the month of May, the crypto industry witnessed the public
Ripple, a prominent player in the cryptocurrency industry, has recently announced its plans to launch a stablecoin known as Ripple USD (RLUSD) in 2024. This stablecoin is set to be available on both the XRP Ledger and Ethereum platforms, aiming to act as a bridge between traditional finance and the crypto industry. Despite the potential
Recent findings by blockchain intelligence firm TRM Labs have shed light on the alarming trend of cryptocurrency deposits into crypto addresses associated with Chinese drug precursor manufacturers. The data revealed a significant surge in cryptocurrency deposits in the first four months of 2024 compared to the same period in 2023. According to TRM Labs, Chinese
Bitcoin has been facing a rough week, with a 4.65% decline in its market price over the past seven days. Crypto analyst Ali Martinez has issued a warning that Bitcoin could be headed for further losses if it fails to break above the $66,254 mark. Based on the UTXO Realized Price Distribution (URPD) chart from
Throughout history, the evolution of currency has played a significant role in shaping human societies. From bartering to standardized coins and paper money, currencies have been crucial in organizing and advancing civilizations. However, recent decades have witnessed a shift where many regions have faced financial turmoil, raising questions about the loss of control over our
This week, Ethereum experienced a loss of 4.4%, resulting in a decline in bullish momentum. The price of the cryptocurrency dropped to the key support level of $3,500 as sellers took control of the market. However, this pullback could potentially be a normal retest following the significant breakout that occurred after the ETF confirmation. It
The conversation surrounding when the Spot Ethereum ETFs will finally begin trading has been gaining momentum. Bloomberg analysts Eric Balchunas and James Seyffart have shared their insights on the potential launch date for these funds. Balchunas recently stated on social media that they are now looking at July 2 as the “over/under date” for the
Bitcoin, the leading cryptocurrency, has been a subject of great interest and speculation among investors. Despite recent struggles to stay above the all-time high of $73,000, Bernstein, a well-known brokerage firm, remains bullish on the future trajectory of Bitcoin. In a recent report, analysts at Bernstein revised their long-term price forecast for BTC to $200,000
Bitcoin has experienced a significant amount of selling pressure in the past week, leading to a decline in its value. According to data from CoinGecko, the premier cryptocurrency has dropped by nearly 5% over the past seven days, reaching its lowest level in almost a month on June 14th. A recent post by crypto analyst
Bitcoin has been on a rollercoaster ride in the past few days, with its price plummeting to $65,000, only to quickly recover to $70,000 before dropping again. The volatility in its price has caused over $200 million worth of liquidations from traders in the past 24 hours. Despite bouncing back slightly, Bitcoin is still down
Cardano’s recent partnership with Entre Ríos in Argentina has been touted as a significant development that could potentially propel the price of ADA to $3. The initiative aims to promote blockchain adoption in Argentina and open up new market opportunities for Cardano. While this partnership may seem promising on the surface, it remains to be
Asset tokenization, particularly the tokenization of securities, has been recognized by SEC commissioner Mark Uyeda as having significant potential benefits. According to Uyeda, representing asset rights with a digital token on a blockchain can offer enhanced security, transparency, and immutability. Moreover, he pointed out that tokenization eliminates the need for intermediaries, which can streamline transactions
Recently, Ethereum has experienced a significant number of large withdrawals from centralized exchanges, indicating that crypto whales are anticipating a price recovery. The amount of ETH held on these exchanges has plummeted to its lowest level since 2016. Ash Crypto, a prominent crypto analyst, highlighted this trend on social media, pointing out the surge in
The recent announcement by the New York Attorney General’s office regarding the settlement with Gemini has sent shockwaves through the cryptocurrency community. The recovery of $50 million for users of the defunct Gemini Earn program comes after legal charges were filed against the exchange. This entire ordeal has raised serious questions about Gemini’s practices and
Ethereum has experienced a significant drop in price, losing about 15% since March 2024. However, on-chain data suggests that there is a bullish case for the cryptocurrency. Analysts have noted a spike in demand for ETH, especially from permanent holders, who are likely institutional investors with more substantial financial resources. These holders are not easily
Cryptocurrency analyst TechDev has recently provided valuable insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in the current market cycle, suggesting that more price surges are on the horizon for the leading cryptocurrency. TechDev highlighted in a recent post on social media that Bitcoin blowoff
With approximately 20,000 Bitcoin options expiring today, the notional value stands at $1.35 billion. Despite the significant amount, the impact on the market is anticipated to be minimal due to the comparatively smaller size of this expiry event. However, investors are closely watching the looming Bitcoin options expiry on June 28, with a massive $6.7
The cryptocurrency market has been experiencing a period of stagnation in recent days, with major cryptocurrencies hovering around critical price levels. Bitcoin, in particular, has been struggling to break past the $67K mark, despite several attempts earlier in the week. Currently, BTC is trading at a 1% loss over the past 24 hours, with sellers
Despite numerous attempts to engage with Elon Musk’s companies, particularly X (formerly Twitter), Charles Hoskinson, the founder of Cardano, expressed his disappointment at the lack of response. Even offers of free work to combat issues like fake accounts and bots on the platform were met with silence. This silence extended to Musk personally, as Hoskinson
STORM Partners, a leading blockchain services provider, caused a stir at the recent Web3Fest event held in Switzerland’s renowned “Crypto Valley.” The company, along with key players such as Cardano and MultiversX, made a groundbreaking announcement that is set to reshape the landscape of blockchain technology adoption. The unveiling of “Lightningbox,” a cutting-edge Web3 Sandbox,
In a significant development within the realm of Web3 technology, the IOTA Foundation’s Web3 Identification Solution has been selected for the European Blockchain Sandbox program. This decision marks a crucial step in the advancement of Know-Your-Customer (KYC) procedures and privacy within the Web3 space. The implications of this selection extend beyond technological innovation, sparking discussions
The cryptocurrency world is no stranger to controversy, and a recent thread by blockchain analytics platform Bubblemaps has brought insider trading allegations to the forefront. The accusations involve meme coin projects promoted by Andrew Tate and Iggy Azalea, shedding light on suspicious activities surrounding the launch of DADDY and MOTHER coins. According to Bubblemaps, at
The European Banking Authority (EBA) has recently introduced comprehensive guidelines aimed at addressing recovery plans for asset-referenced tokens (ARTs) and e-money tokens (EMTs) in the context of the Markets in Crypto-Assets (MiCA) regulation. These guidelines are crucial for ensuring the stability and integrity of the rapidly expanding crypto market in the European Union. One of
Coinbase has raised objections to the Securities and Exchange Commission’s (SEC) $2.6 billion budget request for the 2025 fiscal year. The cryptocurrency exchange criticized the allocation of funds towards enforcement, rather than towards creating regulatory clarity in the crypto space. A Coinbase representative highlighted the lack of real crypto rulemaking despite the SEC’s massive budget.
In a surprising move, several major retail companies in South Korea, including Lotte and Hyundai, have made the decision to exit the non-fungible token (NFT) market. This significant change in direction marks a shift in their digital strategies as they respond to a slowdown in the NFT industry and redirect their resources towards their core
CFTC chair Rostin Behnam recently spoke before the Senate Committee on Appropriations, asserting that the agency is fully capable of taking on additional crypto responsibilities. He dismissed concerns that the CFTC would be overwhelmed, stating that regulating crypto commodities falls within the agency’s purview. Behnam acknowledged a regulatory gap that needs to be filled and