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
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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
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
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,
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
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
Bitcoin’s recent surge towards $60,000 was met with a sudden halt as the digital asset experienced a minor retracement, settling just above $58,000. This fluctuation comes after a period of significant volatility in the cryptocurrency market. Among the larger-cap altcoins, Stacks has emerged as a standout performer, with a remarkable 14% increase in value. Following
Recently, the Canadian musician Drake made a substantial Bitcoin bet on the Copa America semi-final match between Canada and Argentina. Despite the odds being against Canada, with a potential profit of over $2.5 million in Bitcoin, Argentina emerged victorious with a 2-0 win. This loss adds to Drake’s history of significant betting losses. Past Betting
In mid-July, Binance made the decision to suspend deposits and withdrawals for approximately one hour to conduct scheduled wallet maintenance. This announcement caused some concern among users, as the exchange is known for its high trading volume and quick transactions. However, Binance assured the community that trading services would not be affected during this time
Recently, wallets linked to the CoinStats exploiter made a move that raised eyebrows in the crypto community. A staggering $1 million in Ether was transferred into the controversial crypto mixing protocol known as Tornado Cash. This significant transfer occurred not long after CoinStats announced that they were conducting investigations into the exploit. The blockchain security
In recent news, Ethereum 2.0 staking has experienced a significant surge, reaching a major milestone with the deposit contract for staking on the Beacon Chain hitting a record high of 47.36 million ETH. Surprisingly, this accounts for a staggering 33.9% of the total Ethereum supply. These statistics, provided by the crypto analytic platform Santiment, indicate
Ethereum (ETH) has been making headlines in the cryptocurrency world as the top trending token. This surge in popularity can be attributed to the updated S-1 forms filed for spot ETH ETFs by major financial firms such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton. The market intelligence platform, Santiment, highlighted Ethereum as the
Over the past 30 days, Bitcoin has experienced a significant price dip of around 15%. The most notable correction happened at the end of last week when BTC fell below $54,000 for the first time since February. However, in the past few days, the asset has managed to recover some of its losses and is
The recent news of Paxful’s co-founder and former CTO, Artur Schaback, pleading guilty to conspiracy has sent shockwaves through the cryptocurrency community. Schaback’s failure to establish, develop, implement, and maintain a compliant AML program as required by the Bank Secrecy Act has raised serious concerns about the company’s practices. The US Department of Justice’s Office
The implementation of Europe’s Markets in Crypto-Assets Regulation (MiCA) on June 30 has resulted in a significant shift in the cryptocurrency market. With an increased demand for compliant stablecoins, Circle’s USDC has emerged as a primary beneficiary of this trend. According to French blockchain analytics firm Kaiko, non-compliant stablecoins currently account for 88% of the
Bitcoin (BTC) has recently experienced a significant drop in price, reaching its lowest level since February 26. Despite hovering around the $57,000 range in the face of high volatility, Bitfinex analysts have identified on-chain indicators that suggest the leading cryptocurrency may be on the verge of a potential recovery. The correction in Bitcoin’s price was
In the wake of a challenging week marked by negative news from Mt. Gox and the German government’s Bitcoin dump, the cryptocurrency market experienced a brief period of relief. Chainlink (LINK) managed to gain more than 4% in value over a 24-hour period, despite facing significant bearish pressure. This positive trend was reinforced by the
Binance, known as the world’s largest cryptocurrency exchange, recently made the decision to delist four digital assets from its platform. This move caught many traders and investors off guard, causing panic in the market. The delisted cryptocurrencies include BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). Support for all spot trading pairs involving these
Bitcoin’s recent price action has caused fear in the crypto market, with concerns that the bull market may be coming to an end. The daily timeframe shows a pattern of lower highs and lows since the price dropped below $70K, signaling a clear bearish trend. The market recently broke below the key $60K level and
In a recent turn of events, the cryptocurrency market experienced a significant rebound, with Bitcoin surging to almost $58,000 and Ethereum climbing above the $3,000 mark. This surge in prices brought relief to many investors who had witnessed losses towards the end of the previous week. The meme coin sector also saw a positive trend,
In a landscape where multiple blockchain networks have emerged offering lower fees and faster transaction times, Ethereum continues to dominate the space. Despite the competition, users seem willing to pay higher fees on the Ethereum network. Data compiled by Lookonchain reveals that Ethereum has surpassed Bitcoin in terms of 1-year fee revenue. Ethereum leads the
Real-world Assets (RWA) have gained significant traction in recent months as they offer a tangible backing to digital currencies. These assets can represent physical objects or properties and are governed by smart contracts on the blockchain. Earlier this year, the market capitalization of the RWA niche surged to nearly $9 billion. However, a recent correction
Bitcoin’s price has shown stagnation since its peak in March, with analysts attributing this trend to the tight U.S. monetary policy. The tightening of the policy, which began in March 2022, has led to a reduction in stablecoin supply. This decline in supply has had a direct impact on Bitcoin’s ability to rally further in
In recent days, Bitcoin experienced a significant correction, dropping below the $54,000 mark. This sharp decline caught the attention of many investors as the cryptocurrency had not seen such low prices since February. Some individuals may interpret this as a potential signal that the bull market for Bitcoin is coming to an end. While some
The cryptocurrency industry is a rapidly evolving one, with new developments occurring on a daily basis. However, alongside these advances, there is a growing threat from hackers and malicious actors who take advantage of inexperienced users to steal their digital assets. This risk is particularly pronounced in the meme coin sector, where coins like Shiba