In today’s rapidly evolving financial landscape, transparency is key when it comes to investments in the crypto market. Recently, 21Shares, a part of 21Shares AG, made an important announcement regarding the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move highlights the company’s commitment to improving transparency in its offerings, particularly the
Crypto
The US Securities and Exchange Commission (SEC) has announced its plans to amend the original complaint against Binance, a prominent cryptocurrency exchange platform. This move by the SEC could potentially eliminate the need for the court to make a decision on tokens that were previously categorized as securities. The joint filing, which was made public
Shiba Inu, a popular meme coin, experienced a 3% price dip amidst a substantial plunge in the cryptocurrency market. This drop was largely attributed to the US government’s decision to move $2 billion worth of bitcoin holdings to a new address, potentially signaling a sale. However, despite this initial setback, there are indicators suggesting a
Ripple’s XRP has shown significant volatility in its price movement in the past few weeks. Starting below $0.40, it quickly rose to over $0.63 before retracing below $0.55. Currently, it has consolidated around $0.60, showing signs of uncertainty in the market. One user pointed out the tight Bollinger Bands, indicating a potential large price movement
Bitcoin has approached its all-time high before facing rejection, showcasing the volatility that comes with crypto assets. The recent surge in bitcoin price is supported by various factors, such as surpassing the average realized price for short-term investors after crossing the $63,500 mark. This indicates renewed market strength and confidence among investors. Market capitalizations of
Solana (SOL) has recently made significant strides in the cryptocurrency market, climbing to become the fourth-largest digital asset by market capitalization. With daily price gains of nearly 5%, SOL is currently trading at around $192, with a market cap approaching $90 billion. This surge in value has propelled SOL above Binance Coin (BNB) in terms
Shibarium, the layer-2 blockchain solution for Shiba Inu, has recently reached a milestone by processing over 6 million blocks. This is a significant achievement considering the protocol was officially launched less than a year ago. The increase in processed blocks indicates a surge in activity within the network, as well as a growing interest in
In a bold move that has sparked a lot of discussion and debate, Republican representative for Wyoming proposed the idea of creating a strategic Bitcoin reserve for the United States. This idea was presented at the Bitcoin 2024 Conference in Nashville on July 27, with the goal of securing the country’s economic future and solidifying
Wong Ching-kit, a Hong Kong native and self-proclaimed crypto promoter, has found himself in hot water due to his alleged involvement in various criminal activities, including a cryptocurrency scam amounting to over HK$3 million ($384,310). Known as the “Coin Young Master,” Ching-kit has a troubled past that involves brushes with the law, including theft convictions
In the fast-paced world of cryptocurrency trading, meme coins have emerged as a popular and potentially lucrative investment option. These digital assets, characterized by their humorous or quirky branding, have captivated the attention of traders looking to capitalize on short-term price surges and significant returns. One such example is Pepe (PEPE), a meme coin that
In the midst of the crypto bull run of 2021, non-fungible tokens (NFTs) and the cryptocurrencies tied to them emerged as a dominant trend. While the hype has somewhat subsided, the market for these coins still remains active, boasting a total market capitalization exceeding $30 billion according to CoinGecko’s data. A recent ranking by Santiment
With the upcoming US presidential elections featuring a diverse range of candidates such as Donald Trump, Kamala Harris, Robert Kennedy, the possibility of a new leader has raised questions about the future of the cryptocurrency market. Among these candidates, Robert Kennedy stands out with his pro-crypto policies, sparking speculations about the potential impact on Bitcoin’s
Ferrari, the renowned Italian luxury sports car manufacturer, is set to expand its cryptocurrency payment system to its network of European dealers by the end of July. This strategic move is aimed at further modernizing the payment options available to customers across Europe. By leveraging digital currencies, Ferrari intends to streamline transactions and attract a
The launch of spot Ethereum ETFs was met with anticipation, but the immediate results have been quite underwhelming. Comparisons have been drawn to the spot Bitcoin ETF launch earlier in the year, where the numbers tell a different story. On the first day of trading, the nine spot Ethereum ETFs saw solid net flows of
The year 2024 has been eventful for the cryptocurrency industry, with significant developments occurring not only for Bitcoin but also for Ethereum. The validation of almost ten exchange-traded funds tracking Ethereum’s performance, approved by the US Securities and Exchange Commission, marked a milestone for the digital asset. However, the initial days of trading for these
Jan van Eck, the CEO of VanEck, an investment management company, recently expressed his confidence in Bitcoin during the BTC Conference in the United States. He revealed that he has allocated more than 30% of his portfolio to the primary digital asset, showcasing his bullish outlook on the cryptocurrency. Van Eck, known for launching spot
Kennedy is proposing a bold idea – for the federal government to purchase Bitcoin until its value matches the nation’s gold reserves. This would mean acquiring approximately 9.4 million BTC, or 45% of the total Bitcoin supply. His belief is that Bitcoin is an “honest currency” that should be treated with the same regard as
As several Ethereum ETFs went live this week, there was anticipation for a positive price impact. However, the reality was quite different as the price fell by over 10%, turning the ETF launch into a sell-the-news moment. The support level at $3,300 also flipped into a resistance, indicating bearish sentiment. If buyers fail to reclaim
The upcoming Bitcoin options expiry event on July 26 is set to see around 61,200 contracts with a notional value of $4.26 billion. This particular expiry is larger than usual due to it being the end of the month. The put/call ratio for these contracts stands at 0.61, indicating that almost twice as many long
A Bitcoin mining device called “Bitaxe,” with a hashrate of only 500 gigahashes per second (Gh/s), defied the odds by mining a block on July 24. This achievement is remarkable considering that the device has just a 1 in 1.1 billion chance of achieving this feat every ten minutes. Produced by D-Central Technologies, the Bitaxe
As the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) continues, experts are divided on when a resolution might be reached. While Ripple’s CEO hints at a potential agreement “very soon,” others like American attorney Fred Rispoli and Jeremy Hogan have made predictions ranging from July 31 to the end
The second day of trading for spot Ethereum ETFs saw a significant shift in investor behavior compared to the first day. More than $133 million were withdrawn from the largest financial vehicles, causing a ripple effect in the market. This mass exodus led to a massive price drop in the underlying asset, driving it down
Cynthia Lummis recently raised concerns about the Biden administration’s suggestion of implementing a 30% excise tax on the energy consumed by Bitcoin miners. She believes that this tax could potentially harm the growing Bitcoin mining industry in the United States. Lummis argues that the concerns about environmental pollution and risks to the energy grid, which
BitcoinOS (BOS) developers recently achieved a groundbreaking milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement paves the way for unprecedented levels of scalability and functionality for Bitcoin, without the need for changes to its underlying consensus code. Permissionless Upgrades and Decentralization The final verification of
In a surprising turn of events, the defunct crypto exchange Mt. Gox has begun repaying creditors affected by the infamous 2014 hack. This development has garnered attention from the crypto community, with many speculating about the potential impact on the market. Initially, there were concerns that Mt. Gox creditors receiving their long-awaited Bitcoin refunds would
Ethereum’s price has shown signs of bullish momentum as it consolidates above the 100 and 200-day moving averages. After breaking above the critical 100-day moving average at $3,354, the price entered a period of sideways fluctuation, indicating an equilibrium between buyers and sellers in the market. However, with the launch of spot ETH ETFs and
Shiba Inu (SHIB) has experienced a significant drop of 13% in value over the past week, causing concern among analysts. The current downtrend in price has led some to believe that further declines may be on the horizon. One analyst pointed out that as long as SHIB remains within the $0.0000185-$0.0000164 range, its valuation could