Following a significant liquidation event in the Ethereum (ETH) futures market, CryptoQuant analyst Shayan believes that the cryptocurrency may be on the verge of a rally. The recent liquidation event, coupled with historical data, suggests that ETH could experience a price surge as spot buying pressure increases and the market stabilizes. Despite a recent dip
The XRP price saw a significant surge recently following a court ruling in the Ripple v SEC case. This surge led to a 20% rally in a single day, with the price almost reaching $0.64 and the market capitalization crossing $35 billion. This surge in price came shortly after a development in the lawsuit, where
The recent turmoil in Venezuela following the controversial presidential election results has led to government restrictions on various websites, including Binance. The largest crypto exchange globally, Binance plays a crucial role in Venezuela, as many Venezuelans rely on it for peer-to-peer transactions of stablecoins like USDT and Bitcoin due to the local currency’s severe devaluation.
Crypto analyst CryptoCon recently highlighted a technical indicator that has accurately predicted each local high for Bitcoin in the current bull run. According to CryptoCon’s analysis, the Bitcoin Fibonacci extension is expected to push the flagship cryptocurrency over $100,000, with a projected rise to $109,236 by the end of the year. This prediction is based
In a groundbreaking move, Samsung has officially announced its partnership with Illuvium at Gamescom 2024, with the aim of transforming home entertainment through the integration of Web3 technology. This collaboration is set to bring the immersive Illuvium gaming world directly to living rooms through Samsung’s innovative Web3 TVs, providing players with access to the three
Atari, a pioneer in the world of gaming, has once again captured the essence of retro gaming by infusing a modern twist into its classic 1976 game Breakout. This time, the game is making a comeback on the Ethereum layer 2 network, Base, as part of Coinbase’s “OnChain Summer” promotion. This move marks Atari’s ambitious
As bitcoin continues its unpredictable journey, analysts are closely monitoring technical indicators and signals to gain insights into its future trajectory. A recent report from crypto derivatives data provider CoinGlass highlighted the significance of the liquidity heatmap, which currently indicates key first-test lines at around $56,800. The implications of this level are crucial, as a
Bitfarms, a Toronto-based Bitcoin mining company, recently reported a total revenue of $42 million for the quarter, marking a 16% decline. This decrease is primarily attributed to the reduction in block rewards following the BTC halving event in April 2024. The company also reported a net loss of $27 million, or $0.07 per share, which
Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with a score of 570.1. This high score solidifies ICP’s position as the second-largest token in the Artificial Intelligence (AI) realm, with a market capitalization approaching $3.5 billion. Despite experiencing a price surge in March, reaching nearly $20, ICP has retraced
Semilore Faleti, a cryptocurrency writer with a specialization in journalism and content creation, has made a name for himself in the world of blockchain and cryptocurrency. Starting out by writing on various subjects, Semilore quickly discovered his passion for dissecting the complexities and intricacies of digital assets. With a keen interest in the efficiency of
Bitcoin’s price movements over the weekend have settled into a much calmer state, with the asset maintaining a relatively stable position just above $61,000. The previous weekend saw a significant dip in value, with bears pushing the primary cryptocurrency down from $66,000 on Friday to $57,000 by Sunday evening. The situation worsened on Monday, as
Cryptocurrency analysts have been closely monitoring the recent appearance of the death cross indicator on Bitcoin’s chart, particularly focusing on the critical $62,000 price level that could potentially influence the flagship cryptocurrency’s future price movements. The death cross indicator is traditionally viewed as bearish and signals a potential period of declining prices for the asset
CoinShares, a prominent European investment company, recently announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023. According to the earnings report, CoinShares achieved revenue of £22.5 million ($28.5 million) in Q2 2024, exhibiting a remarkable 110% year-over-year growth from the £10.7
After analyzing the controversial remarks made by Gemini co-founder Tyler Winklevoss regarding the recent “reset” of Vice President Kamala Harris’s crypto stance, it becomes clear that there are serious concerns about the Federal Reserve’s crackdown. Winklevoss’s accusations of a “scam” in response to the Federal Reserve’s enforcement action against Customers Bank raise important questions about
In the late 1990s, during one of Berkshire’s shareholder meetings, Charlie Munger famously stated, “The first $100,000 is a b****, but you gotta do it.” This mantra has been echoed in the world of Bitcoin, where over 450,000 BTC addresses currently hold Bitcoin worth $100,000 or more at current exchange prices. The year 2024 saw
Last week, the spot Bitcoin ETFs faced a challenging time as they experienced significant outflows. This negative trend continued into the new week with a withdrawal of $168.4 million from the ETFs. Grayscale’s GBTC, Ark Invest’s ARKB, and Fidelity’s FBTC were among the funds that saw substantial outflows. Tuesday also saw outflows totaling $148.6 million,
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. With a keen eye for detail and a passion for demystifying the complexities of blockchains and digital assets, Semilore has established himself as a trusted source of information in the rapidly evolving world of crypto. Having started his career as
Celsius, a once prominent crypto lender, has taken legal action against stablecoin issuer Tether for an alleged wrongful liquidation of over $800 million worth of BTC. The lawsuit was filed on August 9 in the US Bankruptcy Court for the Southern District of New York, claiming that Tether breached its contract with Celsius two years
Opeyemi is not your average writer. His passion lies in the intricate realms of the cryptocurrency market, a space he stumbled upon over two years ago. What started as a mere curiosity has now blossomed into a deep-seated fascination for blockchain technology and the ever-evolving trends in the world of digital assets. Unlike most writers,
Recently, the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) came to a significant conclusion when Judge Analisa Torres ruled that Ripple must pay a fine of $125 million for violating securities laws. This ruling, while much lower than the initial demand of $2 billion from the SEC, was viewed as a
The conclusion to the settlements phase of the trial resulted in a much smaller fine than initially expected. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) settled on a sum just a little over $125 million, significantly less than the $2 billion fine the SEC had requested. This decision
The Commodity Futures Trading Commission (CFTC) made headlines recently by awarding over $1 million to a whistleblower in the crypto industry. This individual provided the CFTC with crucial information that led to an enforcement action against improper trading in digital asset markets. The Director of Enforcement at the CFTC, Ian McGinley, emphasized the agency’s commitment
The ongoing debate between Ethereum (ETH) and Solana (SOL) has been fueled by a crypto analyst’s recent evaluation of both cryptocurrencies. Peter Brandt, a renowned crypto trader and analyst, has shed light on the fundamental characteristics, strengths, and weaknesses of Ethereum and Solana. Through his analysis, Brandt has identified a clear winner in the competition
Tether, the stablecoin issuer behind USDT, is gearing up to double its workforce in the coming year, with the aim of strengthening areas such as compliance. Chief Executive Officer Paolo Ardoino has stated that by mid-2025, the company plans to have around 200 employees on board. This move comes as Tether looks to consolidate its
The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto industry. The Fed’s move was prompted by suspicions that the bank had violated several key regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement
The Securities and Exchange Commission of Thailand (SEC Thailand) has taken a significant step towards advancing the digital asset industry with the launch of the Digital Asset Regulatory Sandbox. This initiative is designed to create a structured environment for businesses to test and develop services related to digital assets. By providing a regulated framework, the
Shibarium, the layer-2 scaling solution for Shiba Inu, has announced the launch of a hard fork scheduled for August 9. The hard fork will introduce a burning mechanism aimed at improving the ecosystem by reducing the circulating supply of SHIB tokens. Shibarium has been making significant advancements in terms of transaction processing speed, scalability, and