Maker (MKR) has experienced an impressive rally, surging over 170% from its June 2023 lows. However, recent price action and decisions made by influential whales suggest that the bullish momentum may be losing steam. Currently, MKR is trading near its 2023 highs but has retreated by 16% from its peak in October. A concerning development
Bitcoin
The long-standing legal battle between the US Securities and Exchange Securities Commission (SEC) and Ripple Labs seems to be nearing its end. After the dismissal of the SEC’s claims against Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen, it is expected that both parties will proceed to finalize a settlement. However, pro-XRP legal expert John
Loopring, the layer-2 decentralized exchange (DEX) for Ethereum, has recently announced a change in approach. The platform is going multi-network and expanding its core pillars from three to four. This strategic update aims to enhance the functionality of the Loopring Dapp and attract more users from diverse platforms. Under the new shift, the Loopring Dapp
In a recent blog post titled “The Periphery,” Arthur Hayes, the former CEO of BitMEX, shares his views on the potential future of Bitcoin (BTC) and highlights the significance of geopolitical risks. As the world grapples with heightened tensions and economic uncertainties, Hayes delves into how these macro factors can shape the trajectory of Bitcoin.
After speculation surrounding a potential spot ETF being listed on DTCC, the price of Bitcoin has surged over 15% to approach the $35,000 resistance level. However, analysts are divided on whether this bullish momentum will continue or if a short-term correction is imminent. In this article, we will analyze the current market conditions and explore
The demand for cryptocurrencies, with Bitcoin at the forefront, has been steadily growing, and Paul Brody, the Global Blockchain Leader at Ernst & Young (EY), sheds light on this trend. In a recent CNBC interview, Brody highlighted the increasing interest in crypto, particularly from family offices. These entities, responsible for managing the vast wealth of
The Shiba Inu ecosystem has rapidly gained popularity within the crypto industry, emerging as one of the fastest-growing communities. With the introduction of numerous tokens and ecosystem updates, the Shiba Inu project has undeniably made remarkable progress. However, it still has a long way to go. In an unexpected announcement, a core member of the
Over the past week, Bitcoin has experienced a notable increase of 10.50%, with significant gains seen throughout the period. One of the main catalysts for this price surge was the spread of fake news regarding the approval of the BlackRock iShares Bitcoin Spot ETF. On Monday, Bitcoin shot up by 7% in response to this
Crypto financial services platform Matrixport has conducted an analysis on the potential effects of a spot Bitcoin exchange-traded fund (ETF) on the cryptocurrency market. According to their newly released report, if the US Securities and Exchange Commission (SEC) approves a spot Bitcoin ETF, it could push the price of Bitcoin between $42,000 and $56,000 per
Since its inception, Ethereum has faced relentless criticism from Bitcoin maximalists who argue that Bitcoin is the only valuable cryptocurrency. Despite holding the second-highest percentage of the cryptocurrency market value, Ethereum continues to be targeted by skeptics. Recently, prominent Bitcoin enthusiast Steve Barbour went as far as labeling Ethereum as “garbage” and questioning its future.
The Fantom Foundation, a non-profit organization dedicated to supporting the growth and development of the Fantom ecosystem, has recently suffered substantial financial losses due to a phishing attack. According to reports from CertiK, a blockchain security firm, two Fantom Foundation wallets on Ethereum and the Fantom Network were compromised, resulting in a loss of over
Bitcoin price experienced a sudden surge, crossing the $30,000 mark briefly, following the circulation of fake news regarding the approval of a spot ETF. The price has since retreated but is consolidating above the $28,200 level. This article analyzes the current state of Bitcoin and its potential for further growth. Bitcoin has managed to hold
Bitcoin, the world’s leading cryptocurrency, has experienced a remarkable surge in its price, reaching a staggering $28,004. This significant increase can be attributed to several key factors that have influenced the market dynamics in recent days. In this article, we will delve into the primary reasons behind Bitcoin’s price movement, exploring the impact of regulatory
Ethereum has been in a descending channel against Bitcoin since August of last year, indicating that Bitcoin has been the superior investment during this period. However, historical trends suggest that this situation may change soon, with Ethereum potentially entering an accumulation phase. Currently, Ethereum is trading at $1600, representing a 22% decrease from its price
The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom. Prince’s appearance provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. According to a Bloomberg report, Prince revealed that BlockFi had substantial exposure
A trader on Aave, a decentralized liquidity protocol, has found themselves in a challenging situation as they attempt to repay outstanding debt. The trader has taken on multiple stablecoins, including USDC, USDT, and DAI, worth approximately $8 million, while depositing various assets such as WBTC, Maker (MKR), and Ethereum (ETH) valued at around $11 million.
The recent rumors surrounding the US Securities and Exchange Commission (SEC) granting Ethereum a regulatory free pass have sparked a heated debate within the crypto community. Cardano founder Charles Hoskinson recently weighed in on the issue, providing his thoughts on the matter. However, a critical analysis reveals potential biases and raises questions about the fairness
The Open Network (TON) Foundation, in partnership with Alibaba Cloud, has announced an ambitious plan to set up 256 servers for a performance testing event scheduled for October 31, 2023. The objective of this event is to establish the TON blockchain as the world’s fastest blockchain and earn accreditation from the Guinness World Records. This
The cryptocurrency market experienced a significant event on Monday as the Ethereum price took a sharp downturn. This sudden drop was reportedly triggered by the Ethereum Foundation’s decision to sell coins, leading to a series of liquidation events that resulted in substantial losses for ETH traders. Within a day, on Tuesday, October 10, the Ethereum
Bitcoin price is currently showing positive signs above the $27,450 zone. After a failed attempt to clear the $28,500 resistance zone, BTC experienced a downside correction and tested the $27,200 support level. However, it has now rebounded and is eyeing a fresh increase towards the resistance level. Bitcoin is currently holding gains and trading above
In the world of Bitcoin, whales hold significant power due to their ability to influence the market through large-volume transactions. These transactions are closely watched by investors and traders, as they have the potential to set off a chain reaction in the market. Recently, on-chain data revealed the awakening of a particular whale that had
Binance, the leading global cryptocurrency exchange, has recently published its 11th reserve report, and the numbers are absolutely staggering. Among its extensive reserves, the report reveals a significant surge in Binance’s XRP holdings over the past month. This remarkable increase can be attributed to the massive influx of XRP deposits from investors into the exchange.
Solana, a layer 1 proof-of-stake blockchain, has recently introduced version 1.16, which includes an exciting feature called “Confidential Transfers.” This update focuses on enhancing user privacy by incorporating encrypted Solana Program Library (SPL) token transactions. While previous versions of Solana prioritized anonymity, version 1.16 aims to provide confidentiality. The adoption of this update by Solana’s
The cryptocurrency market has witnessed Ethereum (ETH) outperforming Solana (SOL) in the weekly chart for the past two years. However, according to technical analyst “CryptoGodJohn,” this trend is about to change, especially considering the candlestick arrangement of the SOLETH chart on the weekly chart. While this may seem like the perfect opportunity for traders to
The recent rally in Bitcoin’s price has caught the attention of many analysts and investors. However, in order for this rally to make a real comeback, Bitcoin might have to conquer a critical level. On-chain data reveals that the price of Bitcoin has been retesting the short-term holders’ cost basis or the realized price. The
Coinbase’s Chief Legal Officer (CLO) Paul Grewal has shared insights into the upcoming jury selection in the trial of the former CEO of the now-defunct crypto exchange FTX, Sam Bankman-Fried (SBF). Grewal highlights the significance of fair jury selection and expresses his expectations for the proceedings. In this article, we delve into the importance of
Optimism (OP) has experienced a significant boost in its price today, reaching $1.45 with a notable 5% increase in the past 24 hours. Over the course of the last seven days, OP has seen its price surge by an impressive 15%. This rally in OP’s price coincides with the overall improvement in the cryptocurrency market,