Cardano’s price has been experiencing some intriguing developments recently. The fluctuations in price and market volume have caught the attention of investors and traders alike. In this article, we will delve into the technical signals, price patterns, and market predictions surrounding Cardano (ADA). Flashing Technical Signals One of the notable technical signals on Cardano’s chart
Crypto
Chainlink’s LINK token has experienced a significant surge in value since late January, reaching a 24-month peak and achieving a market cap of $10 billion. This recent surge has been attributed to various factors, including the accumulation of tokens by crypto whales and increased activity in the derivatives market. In recent days, crypto whales have
Dogecoin, the original meme coin, has encountered significant resistance at the $0.08 level, even after a temporary upward breakout. Unlike other cryptocurrencies in the market, Dogecoin’s trajectory hasn’t followed the same path. However, this hasn’t deterred the network from experiencing growth across various metrics. Although Dogecoin’s value has declined by 23% since its local peak
Crypto analyst Michaël van de Poppe believes that altcoin season is currently underway. With his extensive following of nearly 700K on X, he suggests that there are only three months left to make entries at value. According to van de Poppe, the period before Bitcoin halving, which is now taking place, is the optimal time
Colin Murphy, a close associate of Aiden Pleterski, also known as Canada’s “Crypto King,” was recently handed a 5-month prison sentence for contempt of court. Ontario Superior Court Justice Hugh O’Connell found Murphy guilty of refusing to surrender his iPhone and deleting its data during a search warrant. This article critically examines the case and
In the age of digital manipulation and advanced artificial intelligence, the rise of deepfakes has become a pressing concern. A recent incident involving Australian mining magnate Andrew “Twiggy” Forrest underscores the detrimental impact of these doctored videos. With each deceptive advertisement, trust in the media is further eroded, leaving unsuspecting individuals vulnerable to scams. This
Meta’s metaverse unit, Reality Labs, has reported its most successful quarter to date, generating over $1 billion in revenue during the last quarter of 2023. This achievement can be attributed to the strong sales of Meta’s Quest headsets and Ray-Ban Meta smart glasses. However, despite this impressive revenue, the division is still facing significant financial
The crypto sphere was abuzz with excitement as spot Bitcoin exchange-traded funds (ETFs) gained the green light. It was expected that this development would lead to a bullish surge in the market. However, contrary to expectations, Bitcoin prices took a downturn following the trading debut of eight of these ETFs. Hovering below $43,000, Bitcoin has
DeFi regulation has long been a contentious issue for regulators worldwide. However, a recent paper authored by Rebecca Rettig, Katja Gilman, and Michael Mosier proposes an innovative strategy to classify truly decentralized DeFi protocols as critical infrastructure. This paradigm shift would place DeFi under the supervision of the US Treasury’s Office of Cybersecurity and Critical
The world of cryptocurrencies continues to evolve and gain attention from various individuals, including well-known figures like Mark Cuban. In a recent spontaneous Ask Me Anything (AMA) session on X, Cuban shared his insights on a range of crypto-related topics, providing valuable information for enthusiasts and investors. This critical analysis aims to explore Cuban’s comments
The recent surge of spot Bitcoin exchange-traded funds (ETFs) has not gone unnoticed in Hong Kong. Harvest Fund Management, a prominent financial entity in the city, has joined the race by applying for its own spot Bitcoin ETF with local regulators. This move aligns with Hong Kong’s growing preparations for the introduction of spot crypto
The United States Financial Industry Regulatory Authority (FINRA) recently unveiled shocking statistics on the state of retail communications in the cryptocurrency industry. According to an official report, an astounding 70% of retail communications violate FINRA’s rule on misleading claims. These communications failed to provide investors with accurate and comprehensive information, leaving them vulnerable to making
In today’s digital landscape, scams and exploitations have become all too common. Even companies that specialize in security, such as CertiK, are not immune to these threats. CertiK, a renowned security firm focused on blockchain, smart contract, and Web3 security, is facing a myriad of challenges beyond its core focus of auditing. Scammers have specifically
In a shocking turn of events, Mark Scott, a former partner at a prestigious U.S. law firm, Locke Lord, has been sentenced to 10 years in prison for his role in a massive $400 million cryptocurrency scheme. Manhattan federal prosecutors revealed that Scott was found guilty of conspiracy to commit money laundering and conspiracy to
Last month, Changpeng Zhao (CZ), the founder of the popular cryptocurrency exchange Binance, faced a setback when a federal judge denied his request to travel to the United Arab Emirates (UAE). This decision came after CZ proposed using his substantial $4.5 billion stake in Binance as collateral, based on the company’s valuation from its last
Bitcoin miner Core Scientific has recently completed a successful reorganization, resulting in an improved financial position for the company. As a result, Core Scientific is planning to initiate the listing of its common stock and warrants on the Nasdaq Global Select Market, starting from January 24, 2024. Core Scientific’s reorganization plan has led to a
In a recent disclosure, the Securities and Exchange Commission (SEC) revealed that multi-factor authentication (MFA) on its X account was disabled, leading to a false post about the approval of spot Bitcoin exchange-traded funds. The incident took place on Tuesday, January 9, 2024, when the SEC’s @SECGov X account was compromised. Unauthorized posts regarding the
Since the approval of spot Bitcoin exchange-traded funds (ETFs), these investment vehicles have seen impressive growth in their first six days of trading. The newly launched Bitcoin ETFs have accumulated a staggering number of bitcoins, with assets under management (AUM) surpassing $3.96 billion. This article delves into the data surrounding these ETFs and the significant
The perception and use of digital assets are undergoing a potential paradigm shift, according to Andrew Peel, Morgan Stanley’s Head of Digital Assets. Peel warns that this shift may have significant implications for the global dominance of the U.S. dollar. Traditionally, the U.S. dollar has held a dominant position in global finance, constituting nearly 60%
The digital asset economy has faced numerous challenges in the past year, including increasing interest rates, regulatory actions, financial insolvencies, and instances of fraud. These forces have had a significant impact on the overall market, causing a decline in the value and circulation of digital assets. Even the world’s second-largest stablecoin, USDC, has not been
Metamask, a popular Ethereum wallet, announced the launch of its Validator Staking support on January 18th. This new feature allows users to stake their tokens directly from their wallets, providing an easy and convenient way to participate in the Ethereum network. With Consensys, a reputable company known for its strong uptime, handling the staking process,
The recent decline in Bitcoin’s price has caused speculation among investors about whether this is a short-term adjustment or a sign of a long-term trend reversal. Jurrien Timmer, Fidelity’s Director of Global Macro, weighs in on this debate and suggests that the current price movements are more likely a temporary setback rather than a long-term
The introduction of spot Bitcoin ETFs has not lived up to expectations. Despite significant capital flowing into these ETFs, the price of Bitcoin experienced a decline of over 5% following their approvals. In contrast, Ethereum saw an almost 8% rise over the same period, indicating its growing strength in the market. According to on-chain analytic
In a surprising turn of events, a Bitcoin miner recently found themselves on the receiving end of a significant windfall. This stroke of luck was attributed to an abnormally high fee paid by one of the network’s users. The transaction in question involved a staggering 4 BTC, equivalent to approximately $172,000. However, upon closer examination
Bankrupt lending firm Celsius has recently made a significant move in its efforts to repay creditors. Over the course of the past week, the company has transferred more than $125 million worth of Ether to various crypto exchanges. This initiative follows in the footsteps of FTX and Alameda Research, who also resumed fund transfers earlier
After a period of uncertainty and a significant downturn, Chainlink’s native token, LINK, has experienced a noteworthy recovery. Briefly dipping below the crucial $13 support level earlier this month, the decrease in price was largely attributed to speculation surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC).
In the fourth quarter of last year, 1inch, the popular decentralized exchange (DEX) aggregator, witnessed an extraordinary surge in volumes and market dominance. According to a report by Messari, the executed volume on 1inch exceeded $30 billion, solidifying its commanding position with a 64% share of the Ethereum DEX aggregator market. This exponential increase in