Crypto

Ethereum, once hailed as the platform for decentralized applications and smart contracts, has been struggling in comparison to Bitcoin since undergoing the Merge two years ago. Its performance has taken a hit, losing its reputation as ultra-sound money and teetering on the edge of undervaluation. One of the major drivers of Ethereum’s underperformance, as identified

Bitcoin’s market price has recently experienced a significant decline to its lowest point since the early August sell-off. The price plummeted below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US, signaling a shift in market sentiment. Despite a previous recovery where BTC surged to $65,000, it appears that

Bitcoin experienced a significant drop in price on Friday, only to somewhat recover on Saturday. Despite this recovery, the cryptocurrency has been hovering above $54,000. The journey to this point has been tumultuous, with bitcoin reaching close to $60,000 on Tuesday before heading south rapidly. After a series of highs and lows, including a spike

Recently, in a groundbreaking case in Scotland, a significant amount of cryptocurrency, amounting to approximately £110,000, was confiscated from a 29-year-old man named John Ross Rennie. This case is particularly notable as it is the first instance where proceeds of crime legislation have been utilized to seize cryptocurrency and convert it into physical cash. The

The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) sheds light on the regulatory challenges faced by financial institutions catering to cryptocurrency companies. The central bank raised concerns about significant deficiencies in UTB’s governance, particularly in its compliance with anti-money laundering (AML) laws and risk management related to virtual

Ethereum, one of the leading cryptocurrencies in the market, has been facing a significant downturn recently. This bearish trend can be attributed to several factors, including a pullback to the lower boundary of a broken wedge pattern and the formation of a death cross. These signs have instilled fear and uncertainty among investors, leading to

In the ever-volatile world of cryptocurrency, one trend remains unwavering – the presence of large investors known as whales. Despite the unpredictable nature of the market, data intelligence firm Santiment has identified a surge in whale activity within certain crypto projects. These whales, defined as investors conducting transactions valued at $100,000 or more, have significantly

The recent release of the US jobs report fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000+. This disparity in numbers has caused mixed reactions in the market, particularly with Bitcoin prices seeing a surge towards $57,000. The discrepancy in job creation has raised concerns about the

The recent data suggests that the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has dropped significantly compared to earlier this year. This decline in UTXOs aligns with the current downward trend in bitcoin’s price and the broader cryptocurrency market. According to a report by CryptoQuant analyst EgyHash, this could potentially signal the start

Toncoin (TON) had a promising start in 2024, reaching an all-time high of nearly $8.20 in mid-June. However, the cryptocurrency took a nosedive towards the end of August, currently trading at around $4.80, marking a 40% drop from its peak. The downfall began following the arrest of Pavel Durov, founder and CEO of Telegram, in

The crypto market is highly responsive to news, trends, and community discussions, making it essential for investors to have a deep understanding of the narratives shaping the industry. According to Santiment, a crypto research and intelligence platform, these narratives play a crucial role in influencing market movements and can provide investors with a competitive edge.

The Future Forward USA PAC, a supporter of Vice President Kamala Harris’ presidential campaign, has recently announced that they are now accepting crypto donations through Coinbase Commerce. This decision came after some initial confusion caused by comments made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024 Global TMT Conference in New York. Haas

Arthur Hayes, the co-founder and former CEO of BitMEX, has recently predicted that Bitcoin could potentially decline to $50,000 amidst the current market downtrend. He has expressed concerns about the broader macroeconomic environment, particularly focusing on the actions of the Federal Reserve and dynamics within the US Treasury market. Hayes remains long on Bitcoin and

Ripple has recently revealed that Yonsei University in South Korea has become a participant in its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of Yonsei University to Ripple’s global UBRI partnerships, totaling 58 institutions worldwide, with 12 of them based in the Asia Pacific region. The focus of this partnership is

The U.S. Securities and Exchange Commission recently announced a new set of charges against Galois Capital, a crypto-focused advisory firm with client assets at FTX. As a result of these charges, Galois has agreed to pay a civil penalty of $225,000, which will go towards compensating harmed investors. The SEC discovered that Galois failed to

The Ethereum market is currently experiencing a significant shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has shown a concerning trend. An increase in this metric often suggests that traders are moving their ETH onto exchanges in

The crypto market has been experiencing a lackluster performance, accompanied by a significant decline in whale activity across major crypto assets. Recent analysis by Santiment has highlighted a noticeable drop in $100k+ transactions for both Bitcoin and Ethereum, indicating a slowdown in large holder activity. During the active period of March 13-19, Bitcoin saw 115.1k

The Open Network (TON) and its native token have been experiencing significant swings and challenges in recent days. Just last week, the network faced outages due to high demand for DOGS, causing disruptions for users. However, the most recent development saw the price of TON plummet by over 90% in just minutes on CoinMarketCap. The

Recently, the crypto analyst known as ‘Titan of Crypto’ shared with his 90,000 followers a unique technical pattern that is currently unfolding in the market. This pattern involves a golden cross forming between the 100-day moving average and the longer 200-day moving average. While a typical golden cross involves a shorter time frame moving average

In the Crypto Wealth Report 2024 by Henley & Partners, it was revealed that the number of individuals holding over $1 million in digital assets has significantly increased by 95% to 172,300. This surge comes at a time when the total value of the crypto market has also risen to $2.3 trillion, marking an 89%

The crypto space is no stranger to security breaches, with recent data revealing that the industry witnessed a staggering $313 million in losses attributed to over ten different hacks in the past month alone. Shockingly, a whopping 93.5% of the stolen funds were the result of just two large phishing attacks that rocked the digital

In recent data collected by Bitbo, it is evident that Bitcoin miners experienced a significant decline in revenue generation during the month of August. The numbers paint a bleak picture, with only $827 million secured in mining activities, a stark contrast to the previous month’s $927.35 million. This decline marks a 57% drop from the

The digital asset investment market experienced a significant decrease in sentiment last week, leading to outflows totaling $305 million. This negative sentiment was felt across various regions and providers in the industry. CoinShares pointed to the stronger-than-expected economic data coming out of the United States as the primary reason behind this change. The data has

Bitcoin’s price has been on a rollercoaster ride in the past week, reaching highs of over $65,100 before plummeting to a 2-week low of $57,100. The digital asset failed to maintain its peak and started to lose value gradually, experiencing multiple price drops along the way. Despite a brief recovery to $61,000 on Thursday, it

A London resident, Habibur Rahman, has made history by becoming the first person in the UK to face charges for operating a Bitcoin ATM without proper registration. Rahman was arrested on April 28, 2023, following a raid at a gadget shop in Chatham, where multiple crypto ATMs were located, including one for public use. The

The payments industry has experienced substantial growth over the last five decades and has become one of the largest sectors in the world. However, one significant issue that the industry faces is the reliance on outdated technology that hinders efficiency. According to a report by Binance Research, the traditional payment system operates on 50-year-old technology

Peter Diamandis, the founder of X Prize and Singularity University, recently posed a question to his 262K+ followers regarding the future of Bitcoin. The responses shed light on the unwavering reliability of Bitcoin. One commentator emphasized that Bitcoin has never failed in its core purpose of executing transactions every ten minutes for the past 15