Crypto

Bitcoin, the world’s leading cryptocurrency, has been experiencing a lackluster trading period over the past couple of months, with minimal upward or downward movement. Despite this, analysts at CryptoQuant have observed various key market conditions that could influence future price movements. Historically, Bitcoin’s most significant growth periods have been associated with substantial increases in the

On a fateful Monday, May 13, Hong Kong’s spot Bitcoin and Ethereum ETFs experienced a significant outflow of $39.3 million, marking the highest total outflow since their launch on May 2. The spot Bitcoin funds from prominent issuers like Bosera, China Asset Management, and Harvest collectively lost $32.7 million, while Ethereum funds from the same

CoinGate, a blockchain payment processor based in Lithuania, has recently announced the addition of Shiba Inu as a payment method. This move is seen as a significant step towards mainstream adoption of the meme coin, as it has been integrated with Polygon and Binance Smart Chain. By enabling businesses to buy, sell, manage, and accept

Bitcoin’s price has been facing challenges in maintaining its upward momentum ever since it dropped from the $75K level. However, despite the appearance of a bearish reversal and downtrend on the daily chart, there are indications that a new bullish wave might be on the horizon. The price has been consolidating within a large descending

The recent earnings report from the millennial trading platform, Robinhood, was quite impressive as it surpassed analyst expectations. The company reported record revenues of $618 million for the first quarter, marking a 40% increase compared to the previous year. Notably, revenue from cryptocurrencies saw a substantial surge, jumping by 232% to $126 million. Transaction-based revenues

Polkadot, a blockchain protocol, has recently made significant improvements to its network performance. One of the key advancements includes enabling Asynchronous Backing on the network. This optimized approach for validating parachain blocks by the Relay Chain has resulted in blocks being produced twice as fast and a 6-10 times boost in available blockspace. As a

In a disturbing incident in Hong Kong, four men abducted a crypto investor, causing alarm in the community. The unidentified woman, who is involved in crypto investments, was attacked with a stun gun while riding in a car with her husband. The suspects were determined to take her, leading to a tense situation as the

Cryptocurrency is quickly becoming a significant topic of discussion in the U.S. presidential election. According to a recent survey conducted by Digital Currency Group (DCG), about one in five registered voters consider crypto to be a major issue in the upcoming 2024 election. This shows a clear shift in the political landscape, with more voters

In the last 24 hours, the cryptocurrency market has shown signs of stabilization, putting a stop to the bearish attack and entering a phase of consolidation. Bitcoin’s price is currently hovering around $61K, with Ethereum falling below the crucial $3K mark. The drastic correction in Bitcoin’s price, dropping below $61K and losing approximately 3.5% in

Core Scientific, a prominent player in the Bitcoin mining sector, recently unveiled its financial results for the first quarter of 2024. The company showcased a remarkable turnaround following its emergence from bankruptcy, reporting a net income of $210.7 million. This stands in stark contrast to the net loss of $0.4 million suffered during the same

Despite a recent 20% weekly decline in its price, analysts are optimistic about a significant rally for Shiba Inu. Several factors are contributing to this positive forecast, including a sharp increase in SHIB’s burn rate, enhancements to its Shibarium layer-2 platform, and other bullish signals for its future price. Even though Shiba Inu has experienced

Monero has seen a notable increase in discussions on social media platforms after the announcement of the closure of LocalMonero. This surge in interest comes at a time when governments around the world are making efforts to regulate privacy-focused cryptocurrencies. LocalMonero, a peer-to-peer exchange platform based on Monero, recently announced its closure through a blog

The digital asset investment products sector has experienced significant outflows for the fourth consecutive week, amounting to a total of $251 million. This marks a concerning trend in the market, indicating a lack of investor confidence in the short term. The outflows are particularly noteworthy as they are the first “measurable outflows” from newly issued

After their much-anticipated launch on April 30, Hong Kong’s Bitcoin ETFs faced their first setback with the China Asset Management Bitcoin ETF experiencing its first cumulative daily outflow on Monday. The outflow amounted to $4.9 million according to Farside data, while other Hong Kong-based products remained stagnant. Despite garnering $262 million in assets under management

Robinhood Markets Inc. has found itself in hot water with the Securities and Exchange Commission (SEC) after receiving a Wells Notice on May 4. The notice indicated that the SEC staff was considering recommending legal action against the company for alleged violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934. This

Blockchain analytics company Elliptic recently released groundbreaking research that showcases the potential of artificial intelligence (AI) in detecting money laundering in Bitcoin. By collaborating with researchers from the MIT-IBM Watson AI Lab, Elliptic was able to successfully identify illicit proceeds, uncover new patterns of money laundering transactions, and pinpoint previously unknown illegal wallets using a

The surge in popularity of meme coins in the cryptocurrency market has sparked concerns among industry experts. Chris Dixon, a general partner at Andreessen Horowitz (a16z), has criticized the US regulatory system for allowing meme coins to flourish while legitimate cryptocurrency companies and blockchain projects face regulatory hurdles. Dixon highlights the speculative nature of meme

Coinbase, the leading U.S. crypto exchange, experienced a significant growth in revenue during the first quarter of 2024, reaching a total of $1.6 billion. This marks a 72% increase compared to the previous quarter, showcasing the company’s ability to capitalize on the bullish crypto market. The net income for Coinbase also saw a substantial increase,

Financial technology giant Block, led by X co-founder Jack Dorsey, has made a groundbreaking decision to allocate 10% of its profits from bitcoin-related products into monthly BTC purchases. In a recent Q1 2024 earnings report, Dorsey explained the rationale behind this strategic move, emphasizing the significance of bitcoin as the ideal decentralized open protocol for

Despite the recent correction in the cryptocurrency market leading to multi-month low prices for major assets like Bitcoin and Ethereum, XRP has shown remarkable resilience. While other tokens saw significant drops, XRP only briefly dipped below $0.50 before bouncing back, currently up 3% on a two-week scale according to CoinGecko’s data. Analysts are optimistic about

Bitcoin’s recent price movements have been nothing short of a rollercoaster ride for investors. After a promising start to the week with a pump to almost $65,000, the cryptocurrency faced a series of steep declines that saw its price drop below $60,000. This correction culminated in a two-month low of $56,500 before bouncing back following

MicroStrategy recently introduced a new Bitcoin-based strategy at their annual conference, aimed at combatting online spam. The strategy, known as “MicroStrategy Orange,” is an open-source decentralized identity solution built on Bitcoin. While this new technology has the potential to revolutionize the way we verify authenticity in online communication, some Bitcoin enthusiasts remain skeptical about its

The current state of the crypto market has been heavily influenced by the rise of meme coins and the excitement surrounding spot Bitcoin ETFs. Economist and trader Alex Krüger pointed out the dominance of meme coins in the market cycle, with many of them experiencing significant gains followed by drastic falls. Despite the volatility, meme

Meme coins, a subset of cryptocurrencies that have gained popularity through internet memes and social media, have recently experienced a significant downturn in the market. The total market capitalization of meme coins has dropped below $50 billion, with many of the top assets, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK), seeing

The cryptocurrency market has experienced a significant downturn in recent weeks, with prices plummeting across the board. Bitcoin, in particular, has seen its price drop below $57,000, marking a drastic decline since late February. Other popular altcoins like Solana, Dogecoin, and Shiba Inu have also suffered double-digit losses, painting a grim picture for investors. Despite

The cryptocurrency market has been experiencing dire conditions as bitcoin recently plummeted to another multi-month low of around $57,000. This drop has led to massive losses across the board, with altcoins also following suit. In the past 36 hours, the total market cap has seen a significant decrease of well over $200 billion. The volatile

Ripple recently made headlines with the announcement of a new partnership with HashKey Group, a move that strengthens its existing collaboration with financial services giant SBI Group. This joint venture with HashKey DX, a specialized consulting company based in Tokyo, is focused on introducing XRP Ledger (XRPL) enterprise solutions to the Japanese market. The aim