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
Shiba Inu, a popular meme coin, recently experienced a significant 450% increase in its burn rate. This surge led to the destruction of almost 50 million tokens, ultimately reducing the circulating supply of SHIB. While the USD equivalent of this burn may seem insignificant at first glance, continuous efforts in this area could potentially have
In recent years, there has been a growing trend of supporting political candidates based solely on their pro-crypto views. However, Ethereum co-founder Vitalik Buterin warns against this narrow focus, urging individuals to consider broader values such as individual freedoms and technological advancement. While cryptocurrency is indeed a significant aspect of the industry, Buterin emphasizes the
The Basel Committee on Banking Supervision has recently unveiled its final disclosure framework for banks’ involvement in the cryptocurrency market. This framework, known as DIS55, aims to enhance transparency and ensure a consistent regulatory approach in the evolving field of digital assets. The Committee has been working on these updates for over a year, with
Crypto analyst Rekt Capital has provided insights into the potential future trajectory of Bitcoin. According to his analysis, Bitcoin may not be ready for its next significant move upwards just yet. Rekt Capital highlighted the importance of establishing $65,000 as a new support level for the cryptocurrency. He emphasized the need for a successful retest
BlockFi, a crypto lender that recently emerged from bankruptcy, has announced a significant step towards repaying its clients. The firm declared that the first interim distribution of funds to clients will be facilitated through Coinbase starting this month. The distribution will be carried out in batches over the next few months, beginning in July. Eligible
DeFi Technologies, a well-known Canadian fintech company, has recently made significant moves in the cryptocurrency market by acquiring a substantial amount of Bitcoin (BTC) and other altcoins. The company announced that it had purchased an additional 94.34 BTC, adding to the 110 BTC it acquired in June. In addition to Bitcoin, DeFi Technologies expanded its
Bitcoin’s price has managed to bounce back from a period of bearish price action, signaling a potential for a new all-time high in the near future. The daily chart shows that the price has found support at the $56K level and has reclaimed the 200-day moving average around $60K. However, breaking above the $65K resistance
Stardust, a leading web3 gaming infrastructure company, has recently unveiled Starbase, a groundbreaking platform that combines consumer rewards and social gaming. Starbase offers an immersive experience by integrating player rewards and social gaming into a single space filled with exciting missions and challenges. Whether you are a casual gamer or a hardcore enthusiast, Starbase has
The recent announcement by the German government regarding the sale of all its Bitcoin holdings has created quite a stir in the crypto community. The move was a result of the digital asset seizure from the infamous movie piracy website, movie2k. With approximately 49,858 BTC sold off in just two weeks, the government disclosed proceeds
Crypto exchange OKX recently announced its decision to select Malta as its Market in Crypto-Assets (MiCA) hub. This strategic move is aimed at catering to the needs of the 450 million residents of the European Union. By establishing a presence in Malta, OKX intends to offer services that are in compliance with local regulations, while