The recent crash in the Bitcoin price has left many investors reeling, with $2,000 being wiped off in just a few minutes. This sudden decline brought the price back below $66,000, causing a ripple effect across the entire crypto market. The main catalyst behind this drastic drop was the unexpected announcement made by US President
Bitcoin’s price showed a positive reaction following President Joe Biden’s announcement of quitting the 2024 presidential race, surging to a multi-week high of over $68,000. This sudden spike in price demonstrates the volatile nature of cryptocurrencies in response to political events. The market witnessed significant fluctuations in the past few weeks, with Bitcoin experiencing both
eBay’s acquisition of KnownOrigin resulted in the closure of the digital art marketplace, leaving shock waves through the community. The company cited shifts in the NFT market as the main reason for shutting down KnownOrigin after just two years of operation. This closure raises concerns about the longevity and safety of digital assets, impacting not
Kraken, a leading cryptocurrency exchange, has recently announced a partnership with Tottenham Hotspur, one of England’s most iconic football clubs. This alliance marks a significant move in Kraken’s global marketing strategy to reach a wider audience through enhanced web3 integrations. By joining forces with a renowned football club like Tottenham Hotspur, Kraken aims to leverage
The crypto industry finds itself in a state of anticipation as the possibility of a second term for former President Donald Trump looms on the horizon. With Trump vowing to put an end to President Joe Biden’s crackdown on cryptocurrencies, the stakes are high for both domestic and overseas crypto firms. Recent polls have indicated
In a recent analysis by crypto investment firm Mechanism Capital, Bitcoin is projected to reach a price level above $1 million in the mid-term. One of the key factors contributing to this bullish prediction is the potential adoption of Bitcoin as a national treasury reserve asset. Despite recent market structure challenges, Mechanism Capital’s co-founder, Andrew
The past week has been particularly lucrative for the cryptocurrency market, with the total capitalization soaring to $2.55 trillion, marking an increase of over $150 billion. While Bitcoin may not have been the top performer, it certainly made waves by surging 11% in just seven days. The price of Bitcoin experienced a significant uptrend starting
Semilore Faleti is a prominent figure in the field of crypto journalism, with a specialization in writing about blockchain technology and cryptocurrency. His journey in this industry started with writing on various subjects before realizing his passion for the complexities of digital assets. Semilore’s background as a content writer allowed him to curate educational articles
Semilore Faleti is not just any cryptocurrency writer – he is a specialist in the field of journalism and content creation, with a particular focus on the complexities of blockchain technology and digital assets. His journey into the world of crypto writing began with a diverse range of subjects, but it was his ability to
Three individuals were recently apprehended by the Hong Kong police on suspicion of defrauding a businessman of HK$3.11 million in crypto assets. The trio offered the victim three bundles of counterfeit HK$1,000 banknotes during a fraudulent transaction at a Mong Kok office. Authorities seized a total of 10,978 fake banknotes during a raid at the
Bitcoin has experienced a bullish run in the past week, with its price fluctuating between $61,000 and $67,000. Despite concerns regarding Mt. Gox’s customer repayment, trading data from QCP Capital suggests that Bitcoin may be gearing up for a larger price rally. The premier cryptocurrency has been a hot topic amongst investors, particularly due to
State Street Corp., a prominent financial institution based in Boston, is delving into the world of cryptocurrency by considering the launch of its own stablecoin and tokenized deposits. This move is aimed at enhancing payment settlement processes through the utilization of blockchain technology. The company has been actively involved in efforts to immerse itself in
Semilore Faleti is a prominent cryptocurrency writer who has established himself as an expert in the field of journalism and content creation. With a focus on blockchain technology and digital assets, Semilore’s work is known for its depth and clarity in deciphering the complexities of the crypto world. His passion for the efficiency of digital
Kraken Institutional, a division catering to institutional investors of the US-based crypto exchange Kraken, has recently announced the expansion of its custody services into the UK and Australia. This strategic move marks the first venture of Kraken Institutional following its initial launch earlier this year. The decision to expand Kraken Custody services into the UK
A well-known crypto analyst, Scott Melker, has made bold predictions regarding the price of Bitcoin, stating that the cryptocurrency could reach an all-time high of $100,000. This optimistic outlook is based on several key factors that Melker believes will drive Bitcoin’s price upwards in the coming years. According to Melker, the current market cycle for
The Chicago Board Options Exchange (CBOE) has provided clarity on the official launch date for Spot Ethereum ETFs in the crypto market. The announcement of five Spot ETH ETFs set to commence trading on July 23, 2024, has generated significant interest and anticipation among investors and analysts alike. Previously, there were speculations about the potential
Over the past weekend, Bitcoin experienced a significant rally in price, indicating a potential bottoming out of the crypto asset. The price of Bitcoin surged to $67,000, although it was currently at $64,000. This recovery comes after holders faced substantial losses in 2024, with on-chain metrics showing positive momentum in the short term. CryptoQuant analysts
Recent data shows a significant decline in trading volume on centralized exchanges, specifically in the derivatives market. In June, the combined spot and derivatives trading volume dropped by 21.8%, continuing a trend of diminishing activity since March. One major contributing factor to this decline was the notable decrease in open interest on derivatives exchanges, which
The year 2024 has witnessed a significant surge in the popularity of dog-themed meme coins in the cryptocurrency market. Coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced substantial growth, attracting a large number of investors and traders. These meme coins have captured the attention of the crypto community with their unique branding and
The current state of the crypto market recovery has left many Cardano holders in a state of disappointment and frustration. Despite the overall positive trend in the market, data from IntoTheBlock indicates that Cardano is lagging behind as the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This
The recent hack of India-based crypto exchange WazirX has raised significant concerns regarding the security measures implemented by the platform. Despite claims by multiparty computation (MPC) wallet provider Liminal that its infrastructure remained safe and was not compromised in the breach, the incident has exposed vulnerabilities that need to be addressed. According to Liminal’s post-mortem
The recent surge in Ethereum derivatives volume indicates that investors have little confidence in the upcoming launch of Spot Ethereum ETFs. Despite expectations of a price rally for the second-largest crypto asset, data from Laevitas shows that Ethereum’s fixed-month contracts have an annualized premium of only 11%. This lack of bullishness is further highlighted by
Recently, a US court has granted Binance US permission to invest certain customer fiat funds in US Treasury Bills. This move comes after the exchange requested court approval to invest about $40 million in $10 million increments over four weeks. The investments will be made through a trading account on TreasuryDirect in US Treasury bills
According to a market strategist, Bitcoin, the largest cryptocurrency in the world, has finally put an end to its downtrend. The strategist believes that Bitcoin is now potentially heading towards a new price target due to the positive shift in its market value. A well-known crypto analyst known as ‘Rekt Capital’ has informed his large
Ethereum made a significant move this week, closing with a 12% price increase. This recovery came after a strong market rally that allowed ETH to establish $3,300 as a key support level. Now, with a new base in place, buyers are eyeing the $4,000 mark as their next target. However, it is important to note
Planetarium Labs has recently announced the upcoming release of Immortal Rising 2, the highly anticipated sequel to the immensely popular Immortal Rising franchise. With the game being built on the Immutable platform, players are already showing excitement for early access and exclusive in-game rewards as the launch date approaches. Immortal Rising 2 is set to
Gods Unchained has been creating a buzz in the NFT gaming industry, with its recent surge in activity showcasing its growing popularity. Unlike many other games that are struggling to make an impact in the current market, Gods Unchained stands out with its unique gameplay and engaging experience. The game’s native token, GODS, has witnessed