Bitcoin (BTC) is currently facing a crucial moment that could dictate whether its price will stabilize or continue to drop. According to CryptoQuant’s weekly report, the lack of growth in stablecoin liquidity may delay any potential rally in BTC’s price. Historically, an increase in liquidity through Tether (USDT) minting has often led to price surges.
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In a recent analysis of the Bitcoin price, crypto analyst Ali Martinez pointed out the formation of an ascending triangle pattern on the four-hour price chart. This particular chart pattern consists of a horizontal line along swing highs and a rising trendline along swing lows. While ascending triangles are typically seen as continuation patterns where
Semilore Faleti is a notable figure in the world of cryptocurrency journalism, with a specialization in journalism and content creation. His journey in this field started with writing on various subjects but eventually led him to the complexities of blockchains and cryptocurrency. Faleti is passionate about the efficiency of digital assets in terms of storing
In the wake of the recent assassination attempt on former President Donald Trump, several cryptocurrency tokens related to him have experienced a surge in value. Despite the attempt on his life, Trump survived and was quickly released from the hospital, causing a significant spike in the prices of these tokens. The cryptocurrency space is no
In a recent analysis by Jamie Coutts, the chief crypto analyst at Real Vision, a bullish picture for Bitcoin (BTC) has been painted based on a key indicator. Coutts highlighted that Bitcoin’s hash rate decline is slowing, indicating a potential reversal in the near future. This slowing decline typically precedes a bottom and reversal of
Cardano (ADA) has seen a remarkable 20.29% price increase over the past week, aligning with the current positive trend seen across most cryptocurrencies. The surge in ADA’s price can largely be attributed to a significant rise in on-chain transactions, driving up trading volume. This increased activity has positioned ADA as one of the top-performing cryptocurrencies
In the past seven days, Bitcoin’s price has been fluctuating between $54,000 and $60,000, showcasing a significant level of volatility. This has sparked predictions from various analysts regarding a potential surge to $90,000-$100,000 in the near future. The current trading price hovers around $58,000, according to data from Coingecko. Crypto Rover, a prominent figure with
Over the past few years, stablecoins have seen a rise in demand and market share, challenging the dominance of Tether’s USDT. Recent data from Kaiko indicates a decline in USDT market share on centralized exchanges, dropping from 82% to 74% in 2024. This shift can be attributed to the emergence of competitors like FDUSD and
The recent Bitcoin price crash back to the $56,000 level has sparked concerns among investors and traders alike. Despite a brief pump triggered by the CPI data release, showing lower-than-expected inflation rates, the bearish trend seems to persist. Crypto analyst ‘Luca VIP’ on TradingView remains skeptical and predicts a further decline in the Bitcoin price.
During a hearing on July 11, Judge Katherine Polk Failla raised concerns about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the context of the ongoing SEC case against the cryptocurrency exchange. She expressed doubts about the necessity of acquiring Gensler’s communications, especially those made before he assumed the role of SEC Chair in
Germany’s on-chain Bitcoin wallet balance has officially reached zero, signaling the potential end of sell pressure from the European economic powerhouse. This news comes from Arkham Intelligence, who reported that the government’s wallet had just 4925 BTC left, down from 50,000 BTC in June. The recent outflows from the wallet mark the conclusion of a
Ethereum’s price has been facing a downward trend lately, particularly after facing a second rejection at the $4,000 resistance level. The daily chart reveals a pattern of lower highs and lows since failing to break above the $4,000 level. Additionally, the market has broken below the 200-day moving average, currently positioned around $3,100. Despite the
Elon Musk, the CTO and chairman of X, recently made bold claims on social media accusing the European Commission (EC) of offering the social media platform an “illegal secret deal” to censor speech in order to avoid being fined in the EU. According to Musk, the EC allegedly proposed that X censor speech without informing
The Securities and Exchange Commission (SEC) has recently closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action. This news comes as a relief to many in the cryptocurrency community, as the investigation has been ongoing for over three years. The SEC’s decision not to take any enforcement action is
The recent news that the SEC has closed its investigation into Hiro and the Stacks blockchain without recommending any enforcement action comes as a relief to many in the cryptocurrency community. This investigation began over three years ago, following the first-ever SEC-qualified offering by Stacks in 2019. The closure of the investigation is seen as
In recent months, the price of Bitcoin has been a hot topic of debate among market watchers and analysts. With the cryptocurrency hitting an all-time high above $73,000 in March, many are questioning whether Bitcoin has reached its peak for this cycle. However, one crypto analyst, known as ‘CryptoCon,’ has provided a detailed analysis of
The UK Law Commission recently released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities that are created for a shared goal, such as investing in start-ups or purchasing historical documents. Despite being seen as the future of corporate governance, the Commission noted that
The German state of Saxony has been rapidly depleting its Bitcoin reserves after seizing assets from the film piracy website, Movie2K. The government has been auctioning off confiscated Bitcoin, with transactions totaling around $3 billion worth of BTC. On Thursday, German authorities transferred 10,567 BTC (approximately $600 million) to various entities, including Bitstamp, Coinbase, Kraken,
Growing up in Edo State, Nigeria, surrounded by three siblings who served as his idols and mentors, Godspower Owie credits his parents as the backbone of his story. Their unwavering support through good and bad times has made him feel safe and secure, shaping his values and outlook on life. Three years ago, Godspower was
Recently, Justin Sun, the founder of Tron, made headlines in the cryptocurrency world with a $5 million investment in Ethereum (ETH). This investment, revealed by Spot On Chain, an AI-driven on-chain analytics platform, shows that Sun purchased 1,614 ETH tokens at an approximate price of $3,097 per ETH. This is part of a larger trend,
Bitcoin’s price has been on a roller-coaster ride lately, with significant fluctuations in a short period of time. After the CPI numbers were released, Bitcoin surged towards $60,000, only to retrace by over $2,000 shortly after. This quick and drastic movement has left investors wondering about the stability of the market. While Bitcoin has been
Soccerverse, the groundbreaking blockchain-based football management game, has recently received a substantial funding boost of £2.5 million ($3.1 million) from Square Enix, a well-known game publisher. This investment, in addition to the support from existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. The infusion of capital marks a significant moment for Soccerverse,
In the ever-changing landscape of Web3, it can be challenging to keep track of all your onchain activities. The Coinbase Wallet Web3 app aims to simplify this process by providing a platform that consolidates all your on-chain activities in one place. This tool is designed to make it easier for users to manage multiple wallets,
Recently, the US Securities and Exchange Commission (SEC) made headlines by accepting a proposal that includes exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move has sparked a debate within the financial industry and has significant implications for the future of crypto accounting compliance. The SEC’s decision
A crypto analyst going by the name ‘Bluntz’ has made a bold prediction regarding the future of Ethereum (ETH), stating that the cryptocurrency could potentially reach an all-time high of $8,000 in the near future. However, achieving this ambitious price target will require Ethereum to fulfill specific key conditions as outlined by the analyst. Bluntz
Railgun, a popular crypto privacy protocol, recently prevented Inferno Drainer from laundering stolen funds. SlowMist’s anti-money laundering tracking system, MistTrack on X, revealed that Railgun intercepted an attempt to launder over 174 ETH, valued at approximately $533,000 at the time. As a result, the perpetrators were compelled to return the stolen ETH to Inferno Drainer’s
The Cardano blockchain has been experiencing a period of relative quietness since the beginning of July, accompanied by a consolidation in ADA prices. This quiet phase also seems to extend to Cardano whales, as on-chain transaction data indicates that daily whale inflows have been relatively stable, with numbers consistently staying below 5 million ADA since