Historical on-chain data has shown that high bitcoin demand typically precedes price increases and rallies. However, the current market dynamics paint a different picture. Recent reports indicate that bitcoin demand has actually slowed down significantly since early April, despite the cryptocurrency hovering around $70,000 at that time. The daily growth of bitcoin has slowed, and
Cryptocurrency has become a popular topic in recent years, with many individuals delving into the complexities and intricacies of blockchain technology. One such individual is Semilore Faleti, a cryptocurrency writer who has made a name for himself in the field of journalism and content creation. While initially focusing on various subjects, Semilore quickly found his
Ripple, known for its innovation in the blockchain and cryptocurrency space, has made headlines once again with its announcement to launch a stablecoin called Ripple USD (RLUSD). This move is seen as an attempt to bridge the gap between the crypto industry and traditional finance, bringing about a new era of financial integration. The stablecoin,
Binance, the world’s leading cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals of The Open Network (TON) on August 26. This decision is a part of the exchange’s wallet maintenance for TON and is expected to last for approximately two hours. However, trading on the network will remain unaffected during this
Cardano has been the subject of numerous bullish predictions in recent times, largely due to the highly anticipated Chang upgrade. This upgrade is considered to be one of the most significant updates for the Cardano network in quite some time, sparking a wave of optimism among its supporters. Over the past three years, the price
Bitcoin’s price has been experiencing fluctuations in the past few days, with bulls currently having the upper hand as they push BTC past the $60K mark towards $61,000. However, weekends bring a different dynamic to the market. Traditionally, weekends see lower trading volume compared to weekdays, leading to increased volatility. With less liquidity available in
The DeFi Education Fund and the Blockchain Association have joined forces to submit an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The main issue brought to light by the brief is the significant privacy and security concerns posed by the CAT, especially for
In a recent development, a US federal judge has rejected the request made by Kraken, a popular cryptocurrency exchange, to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit, which was filed in November, accuses Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that
The recent transfer of former Binance CEO Changpeng ‘CZ’ Zhao from FCI Lompoc II to the RRM Long Beach halfway house in California has sparked confusion among X users. Many mistakenly believed he had been released, when in fact, CZ remains incarcerated. The RRM Long Beach facility, where CZ has been moved to, is categorized
Pi Network, a crypto project established in 2019, offers users the ability to mine and earn digital assets using their mobile devices. The project prides itself on being energy-efficient through its utilization of the Stellar Consensus Protocol (SCP) as a consensus algorithm. This sets it apart from traditional Proof-of-Work (PoW) systems known for their high
Cardano (ADA) has recently experienced a notable price surge in the crypto market, gaining over 14% in the last seven days. However, on-chain data suggests that investors could potentially face significant selling pressure following this increase. With an additional 12% of Cardano’s supply now in profits, holders of these tokens may be inclined to secure
The recent decision by the FBI to utilize NFTs in order to return $1.14 million to victims of the CluCoin fraud has sparked interest and curiosity. This groundbreaking move represents a new approach by law enforcement agencies to combat cybercrime and provide restitution to those affected. By opting to use NFTs as a means of
The monthly performance of Bitcoin can be a rollercoaster ride, heavily influenced by the sentiments of investors towards the market. Analysts and investors rely on years of historical data to try and predict the next move of this volatile cryptocurrency. As August comes to a close, Bitcoin investors are already looking towards September with hopes
Ethereum has been facing significant selling pressure recently, struggling to recover from the weakness experienced in early August. Despite some brief moments of strength following a drastic sell-off on August 5th, prices have remained below the $2,800 mark. However, there is a silver lining on the daily chart, as bulls have shown impressive resilience in
The Indian government is taking steps to introduce comprehensive regulations for the crypto sector, as reported by local media on Aug. 22. The government plans to release a consultation paper in the coming weeks to gather feedback from stakeholders regarding the regulatory framework for digital currencies in India. The Finance Minister’s statement in October 2023
Bitcoin, the poster child of cryptocurrency, experienced a tumultuous journey over the past week. After a significant drop, the digital asset surged to a weekly high of nearly $62,000. The market saw a flurry of activity with other major altcoins like TRX and TON also making impressive gains. This price volatility is not uncommon in
Base, a Layer 2 network incubated by Coinbase, has been making significant strides in the Layer 2 network space. Recent data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than its competitors, Arbitrum and Optimism. This growth indicates that Base is gaining a larger share of off-chain transactions within the
Crypto exchange Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move signifies a significant step towards the growth and development of the Polygon network. Migrating from MATIC to POL The migration of the Polygon ticker from MATIC to
In a recent analysis by technical analyst Willy Woo, he discussed the bearish trend that Bitcoin has been experiencing until the beginning of August. This trend was primarily due to an influx of around 100,000 BTC from the German and US governments selling off their holdings, as well as Mt. Gox distributions. Woo highlighted that
Dalmas Ngetich, a seasoned crypto reporter, has made significant contributions to the crypto industry through his specialized reporting on NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Ngetich has produced a large volume of news and feature articles that showcase his comprehensive understanding
The Bitcoin price has seen its fair share of bull and bear cycles over the years, with a consistent trend emerging. PlanB, a crypto analyst, has pointed to previous cycle performances to predict a bullish future for Bitcoin. Looking back at the last two bull cycles, similarities can be observed where there was an initial
The partnership between Aethir and Return Entertainment is not just about providing cloud-based gaming experiences in the living room but also aims to revolutionize the gaming landscape. By leveraging Aethir’s GPU cloud infrastructure and Return Entertainment’s streaming platform, this collaboration seeks to offer cinematic scalable gaming adventures on TVs that are easily accessible, highly scalable,
Ronaldo’s journey into the world of cryptocurrencies did not begin as a mere curiosity, but rather as a spark that ignited a deep passion within him. Over the course of five years, he has dedicated himself to delving into the intricate details of the crypto space, from understanding blockchain fundamentals to analyzing market trends and
Despite Cardano’s consistent underperformance in comparison to the broader market, there has been a recent resurgence of bullish sentiments surrounding the cryptocurrency. This uptick in sentiment is particularly noteworthy given the overall market context, with Bitcoin reclaiming the $61,000 price mark and boosting optimism across major cryptocurrencies. The market sentiment towards Cardano has been on
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant decline in daily trading volume, reaching only $779.87 million on Monday. This drop in trading volume marks the third lowest recorded, following the records on February 5th and 6th of $649.17 million and $692.11 million, respectively. Despite an inflow of $61.98 million into
Opeyemi is a skilled writer and enthusiast in the exciting and unique field of cryptocurrencies. While the digital asset industry was not his first choice, he has remained utterly fascinated since delving into the space over two years ago. Now, Opeyemi takes pride in creating unique pieces that unravel the complexities of blockchain technology and
A new malicious browser extension called the “Bull Checker” has been identified as a threat to Solana users on Reddit. This extension poses as a meme coin tracker but in reality, it has been used to drain wallets of unsuspecting users. The “Bull Checker” extension is designed to evade detection systems and operate under the