In recent days, Ethereum has made significant strides, breaking beyond the $2,900 level, showcasing a 4% surge in just 24 hours. This surge has brought the second-largest asset in the cryptocurrency sector to heights not seen since the beginning of May 2022. While Bitcoin has been on a sideways trajectory, Ethereum seems to have taken
The Bitcoin open interest has been steadily increasing over the past few weeks as the price of the cryptocurrency continues to climb. This surge in open interest can be attributed to the recent approval of Spot Bitcoin ETFs for trading by the United States Securities and Exchange Commission (SEC). According to data from Coinglass, the
South Korea’s ruling party, the People Power Party (PPP), has recently announced plans to advocate for a two-year extension in the implementation of cryptocurrency taxation. This strategic move comes ahead of the upcoming general elections and aims to address the complexities and challenges surrounding the taxation of virtual assets in the country. The decision to
Recently, Binance, one of the leading cryptocurrency exchanges in the world, made an announcement that sent shockwaves through the crypto community. The exchange revealed that it would be discontinuing its trading and subscription services for leveraged token offerings, including popular tokens like Bitcoin, Ethereum, and its own BNB Coin. This decision, set to take effect
Investors in the cryptocurrency market are constantly on the lookout for the next big opportunity to make significant gains. While Bitcoin (BTC) remains a strong contender in the market, attention is shifting towards Ether (ETH), the second largest cryptocurrency by market capitalization. With ETH seeing a 15% increase in the last week and reaching above
Yuga Labs has recently made a significant move by acquiring PROOF, a platform that focuses on art and community engagement. This acquisition includes all components of PROOF, such as its team, intellectual property, and artistic portfolio. By bringing PROOF under its wing, Yuga Labs is not only expanding its presence in the web3 world but
In the past week, Bitcoin has witnessed an impressive surge in price, surpassing $50,000 for the first time in years. While the cryptocurrency has been consolidating around the $51,000 mark recently, a renowned crypto analyst has raised concerns about a potential bearish trend in the near future. Ali Martinez, a prominent figure on the X
Bitcoin (BTC) has recently reached new heights, surpassing the $50,000 mark and continuing to climb, currently sitting above $51,900. According to analysts at the on-chain intelligence platform CryptoQuant, the rise in Bitcoin’s value can be attributed to the high demand generated by the approval of spot Bitcoin exchange-traded funds (ETFs). CryptoQuant’s latest weekly report reveals
As the Bitcoin industry in the US eagerly awaits the approval of the Bitcoin ETF, concerns are mounting regarding the potential implications for the industry as a whole. With the looming threat of big financial institutions like Goldman Sachs and JPMorgan taking control of citizens’ bitcoins, and Sen. Elizabeth Warren’s proposed bill that could restrict
Recently, US prosecutors filed a sentencing memo on Feb. 16, asking a federal judge to approve the plea deal made by Binance and its former CEO Changpeng Zhao (CZ). The deal, which was initiated in November 2023, involves Binance paying a staggering $4.3 billion as one of the largest criminal penalties in US history. Furthermore,
With the fourth Bitcoin halving just around the corner, miners are experiencing heightened levels of activity on the largest blockchain network. Recently, the Bitcoin mining difficulty metric surged by more than 8%, reaching a new record high. The mining difficulty, a critical feature of the BTC blockchain, undergoes readjustments every 2,016 blocks based on the
Cardano’s price has recently surged past the $0.61 barrier, marking a significant milestone for the crypto asset. This surge can be attributed to a variety of factors, including the influx of billions of dollars into the Layer-1 altcoin sector. While this bullish momentum is certainly promising, it remains uncertain whether ADA bulls will be able
Exverse, a cutting-edge free-to-play Web3 game, recently made headlines by securing an impressive $3 million in a private funding round. The game aims to revolutionize the AAA first-person-shooter genre by leveraging Web3 technology. Unlike early Web3 gaming models that heavily focused on tokenomics and marketing over actual game development, Exverse prioritizes delivering a high-quality gaming
VeChain, a layer-1 solution aiming at enterprises, has experienced a significant price surge recently. The surge can be attributed to community sentiment and anticipation of a major update. The price of VeChain (VET) is currently trading at $0.048 with a 24-hour change of +6.23%. The price surge has been fueled by several consecutive days of
During the recent Exchange ETF conference in Miami Beach, industry experts Matt Hougan and Ric Edelman engaged in a discussion about the future of spot Bitcoin ETFs and their potential integration within diversified portfolios. Edelman made a bold prediction, foreseeing an unprecedented inflow of $150 billion into spot Bitcoin ETFs by the end of 2025,
The US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is conducting an investigation into financial conflicts of interest related to cryptocurrency, as brought to light by Empower Oversight. The accountability group recently disclosed that the SEC’s division is in the final stages of completing its investigation into the failures of the SEC’s
XRP, the native cryptocurrency of Ripple, has seen a notable increase in price over the past 24 hours, reaching above $0.57. However, this surge was short-lived as the bulls failed to sustain the pressure, causing the price to drop back to around $0.56. Despite the volatility, XRP has experienced a rise of over 10% since
Ethereum (ETH), the second-largest cryptocurrency in the world, is making significant strides towards reaching the coveted $3,000 mark. This recent surge in price has sparked speculation about whether Ethereum could potentially reach $4,000 by the end of the month. Several factors are contributing to this bullish sentiment, with the increasing popularity of ETH staking being
Tron founder Justin Sun has recently unveiled an ambitious Bitcoin Layer 2 roadmap that aims to enhance the scalability, speed, and security of the Bitcoin network. This initiative seeks to inject funds into the BTC network and promote seamless interactions and interoperability between TRON and Bitcoin. Sun has outlined three roadmaps for TRON’s Bitcoin Layer
In its recently published financial report, leading US cryptocurrency exchange Coinbase showcased its impressive performance in the fourth quarter of 2023 and highlighted its successful expansion efforts on the international stage. The report reveals significant revenue growth during this period, along with strengthened financials and a growing customer base. Q4 2023 Results Coinbase reported a
Iowa’s Judiciary Committee has recently approved a digital asset bill, House File 2519, which seeks to integrate digital assets and electronic records into commercial transactions. This article critically examines the bill and its potential impact on the legal landscape and digital economy. One of the primary objectives of House File 2519 is to provide legal
The recent performance of Cosmos (ATOM) has left investors questioning its future prospects as it experiences a 1.7% decline over the past 24 hours. With some market analysts pointing out that ATOM has been trading within a narrow range of $8-12 for more than 3 months, while the rest of the market has seen significant
Analysts and traders in the cryptocurrency market are always on the lookout for strong bullish signals that could indicate a potential rally. One such pattern that has recently caught the attention of Matt Dines, the Chief Investment Officer at Build Asset Management, is the classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart.
Genesis Global, a leading digital currency firm, has been granted approval by the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust (GBTC), with an estimated value of $1.3 billion. The decision was made by U.S. Bankruptcy Judge Sean Lane during a court hearing held in White Plains, New York. This significant
Cardano (ADA) exhibited exceptional growth and outperformed its competitors during the fourth quarter (Q4) of 2023, showcasing remarkable progress across various key metrics. According to a recent report by Messari, ADA experienced significant increases in revenue, treasury balance, transactions, and Total Value Locked (TVL) in USD. Additionally, ADA’s price demonstrated significant gains, further solidifying its
In a recent social media post, Hayden Adams, the founder of Uniswap, alerted the crypto community about a growing wave of scams that are specifically targeting users through deceptive user interfaces (UIs) in crypto wallets. This warning sheds light on how scammers are exploiting fake clones of Ethereum Name Service (ENS) domains to deceive users
In recent years, there has been widespread concern over the role of cryptocurrencies in funding terrorist activities. However, Brian Nelson, the Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, challenged these widely held beliefs during his testimony to Congress on Feb. 14. Nelson’s insights shed light on the actual involvement