Bitcoin

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,

Over the past 10 months, an address associated with the FTX exploiter remained dormant. However, a recent on-chain report revealed that the address has become active once again, and the exploiter has transferred more than $17 million worth of Ether tokens in the past 24 hours. This comes as a significant exploit in the crypto

The Bitcoin price has experienced a significant decline from its all-time high, raising questions about its potential future prices. In an attempt to forecast these prices, an analyst has developed a model based on historical data. This article analyzes the model’s findings and discusses its limitations in predicting the future of Bitcoin. Bitcoin’s Historical Price

Despite uncertainties surrounding the XRP token, there are certain macro and micro factors that could potentially influence its price trajectory. On August 17, Judge Analisa Torres granted approval to the US Securities and Exchange Commission (SEC) to file a motion seeking an interlocutory appeal against her ruling. This decision by the court has sparked anticipation

The cryptocurrency exchange scene in Hong Kong has been buzzing with excitement as Hashkey recently announced its support for trading the Avalanche (AVAX) token on its platform. This marks a significant development for Hong Kong’s financial landscape, but there are certain requirements that investors must meet before they can interact with this cryptocurrency on the

The interest of asset managers in Bitcoin goes beyond just exchange-traded funds (ETFs). According to a recent report by Bloomberg analyst Jamie Coutts, asset managers like BlackRock, Vanguard, and State Street have been actively involved in the Bitcoin mining industry for over three years. This involvement, contrary to expectations, does not seem to damage their

Maker DAO’s MKR has experienced a significant push amidst a slight uptick in the broader cryptocurrency market. Yesterday, the token saw a rise from a low of $1,265 to a high of $1,343, showcasing an impressive 5% 24-hour increase. While many tokens struggle to recover, MKR has managed to consolidate its upswing and maintain its

Litecoin (LTC) has been experiencing a period of stagnation in its price movement, with its value consistently hovering around $64. The month of September has predominantly seen bearish market conditions for LTC, influenced by the overall fluctuations in Bitcoin’s price. Despite its reputation for volatility, LTC has been mirroring the sideways movement of the market

Bitcoin price is once again on a downward trajectory as it failed to surpass the $27,500 resistance level. This failure has resulted in a fresh decline with BTC currently trading below $26,500 and the 100 hourly Simple Moving Average. The next support level at $26,000 is at risk of being breached, signifying potential further losses