Cardano (ADA) is finally seeing some action again, as data from the market intelligence platform IntoTheBlock shows that there has been a notable spike in whale activity. This has revived hopes that the ADA token could soon record a significant price surge due to this development. Cardano Whales Move $13.84 Billion IntoTheBlock mentioned in an
A quant has pointed out that a popular on-chain indicator for Bitcoin gives the asset the green light to experience bullish price action. Bitcoin Puell Multiple Has Observed A Plunge Recently As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Puell Multiple is currently in the “safe to buy zone.” The “Puell
Ver is alleged to have caused a loss to the IRS of at least $48 million, said the DOJ.
The Shiba Inu daily trading volume has seen a massive explosion in the last 24 hours as a number of developments force investors to return to the table. This increase has naturally caught the eye of investors. But what is driving the growth? What Is Driving The Shiba Inu 40% Volume Growth? According to data
In April, the crypto community witnessed a historic downturn in financial losses due to fewer hacks and scams. According to blockchain security firm CertiK, the total damages of these types of crypto attacks dipped to a record low in April. Breakdown Of April’s Crypto Losses CertiK’s latest data reveals a substantial decline in the total
Michael Saylor, co-founder and executive chairman of business intelligence company MicroStrategy, went on a Bitcoin (BTC) buying spree in 2020 that has since paid off in a major way. Saylor Turns $1 Salary Into $400 Million According to a Fortune Magazine report, Saylor has reportedly pocketed an estimated $400 million from pre-planned daily sales of
American multinational investment bank and financial services company, Morgan Stanley has revealed intentions to add Spot Bitcoin Exchange Traded Funds (ETFs) into a selection of its institutionally focused funds. This strategic move potentially reflects Morgan Stanley’s intent to expand into the digital asset space while also capitalizing on the growing interest in digital assets. Morgan
Changpeng Zhao, also known as CZ, the founder and former CEO of Binance, one of the largest cryptocurrency exchanges, is awaiting sentencing in a highly-anticipated court hearing in Seattle set to begin on Tuesday. In November, Zhao pleaded guilty to enabling money laundering on the Binance platform, marking a significant development in a case that
Coinbase adopts Bitcoin’s Lightning Network, enabling fast, cheap BTC transactions for its 100M+ users in partnership with Lightspark.
Hong Kong’s financial market witnessed a subdued start for its newly launched spot Bitcoin and Ethereum exchange-traded funds (ETFs), which did not meet initial trading volume expectations. Despite substantial initial issuance sizes, market interest appeared restrained, as evidenced by the trading data for the first day. Spot Bitcoin And Ethereum ETFs See Lukewarm Debut The
Bitcoin Magazine Pro and Samara Alpha Management are teaming up again for The Bitcoin Alpha Competition. Samara Alpha will award the winner $1 million in seed capital to run a bitcoin hedge fund.
Hong Kong’s new spot Bitcoin ETFs saw only $8.5 million volume on opening day.
Recent findings from BitMEX Research have reignited concerns about the centralization of Bitcoin mining. Their study, which cites insights from Bitcoin analyst Alex Bergeron, points out that a single entity now controls the Coinbase outputs for approximately 47% of the network hashrate—a significant concentration that suggests a shift toward oligopolistic tendencies within the Bitcoin mining
Vitalik Buterin, the enigmatic co-founder of Ethereum, sent shockwaves through the crypto Twittersphere this past weekend with a series of seemingly nonsensical equations. The equations, which defied basic arithmetic (think 2 + 2 = 0), left many scratching their heads and fearing a break in the very fabric of mathematics. However, as it turns out,
In the XRP lawsuit, the Securities and Exchange Commission (SEC) has countered Ripple Labs’s recent motion to strike the declaration of SEC summary witness Andrea Fox. The agency’s filing asserts that the testimony is permissible as summary evidence under federal law, not requiring expert disclosure as claimed by Ripple. The SEC’s motion, directed to Judge
Thailand’s Securities and Exchange Commission (SEC) warned digital asset platforms over crypto promotion and misleading advertisement. According to local reports, these platforms must be careful with their ads and focus on benefiting investors. The warning follows the regulator’s efforts to stringently regulate the country amid growing concerns over crypto-related online scams. Related Reading: Spot Bitcoin
On-chain data shows that, for the first time in history, Bitcoin miners require more than 1 EH/s of daily computing power to mine just 1 token of the asset. Bitcoin Hashcoin Has Set A New All-Time High Now As explained by CryptoQuant head of research Julio Moreno in a post on X, the BTC Hashcoin
Willy Woo, an on-chain analyst, took to X on April 29, raising concerns about the fate of retail Bitcoin investors if the world, especially the United States, plunges into a recession. Woo, referencing historical events, argues that while large Bitcoin holders, or “whales,” are likely to weather the storm since they control private keys of their coins,
Newly disclosed court filings have shed light on the belief of the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, that Ethereum (ETH) is an “unregistered security” under the Howey Test, which is considered by the vast majority of crypto advocates to be an outdated legal framework for regulating crypto assets. According
The notorious Lazarus Group, a cyber-hacker entity backed by North Korea, appears to have escalated its fraudulent activities to attack crypto by exploiting LinkedIn’s professional networking platform. This cyber threat has been detailed in a report by SlowMist, a leading information security firm. The Lazarus Group, known for its elaborate cyber offenses, has now impersonated
Market expert and researcher Jim Bianco recently voiced cautionary remarks regarding the alleged risks of spot Bitcoin ETFs. Bianco’s insights shed light on these ETFs’ implications for the market and address specific concerns related to investor behavior. Minimal Involvement In New Bitcoin ETFs? In a thought-provoking social media post on X (formerly Twitter), Bianco emphasized his
On-chain data shows the Ethereum transaction fees is now at its lowest since October 2023. Here’s what it could mean for the cryptocurrency. Ethereum Transfer Fees Has Recently Plunged To A Low Of $1.12 According to data from the on-chain analytics firm Santiment, the average fee on the Ethereum network has dropped to low levels
Pepe (PEPE) has been one of the best-performing crypto assets since the beginning of the year, with a year-to-date (YTD) gain of over 400%. This crypto analyst predicts that PEPE can continue this impressive run and become the largest meme coin by market cap, ahead of Dogecoin and Shiba Inu. PEPE To Flip Dogecoin (DOGE) And
Shiba Inu has announced the expansion of its decentralized exchange (DEX), ShibaSwap, to include support for Shibarium, its related Ethereum Layer 2 (L2) blockchain. This development introduces multi-chain functionality to ShibaSwap, allowing it to operate across both the Ethereum and Shibarium platforms, a move set to significantly enhance its operational flexibility and efficiency. Shiba Inu
A crypto analyst has suggested that Bitcoin’s price movements were indicative of a potential surge to $300,000. The analyst has revealed key technical indicators and patterns that could signal BTC’s drive to a new target all-time high. Bitcoin Poised For Aggressive Bull Cycle Phase A crypto analyst identified as ‘TradingShot’ on TradingView, a financial market
Russian lawmakers have announced their intention to introduce restrictions on the circulation of crypto assets, which could be implemented as early as September 1. The Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, revealed that a vote on a ban on organizing cryptocurrency circulation will be held in the coming weeks.
Navigating New Frontiers: How the Bitcoin Volatility Premium AMC Is Redefining Investment Strategies
American multinational investment company, BlackRock has witnessed a significant lull in investments for its Spots Bitcoin ETF, iShare’s Bitcoin Trust (IBIT). With the ETF provider recording its longest period of zero flows, there may be possibilities that investor interest in Spot Bitcoin ETFs might be waning. BlackRock Sees Zero Bitcoin ETF Flows Despite being the
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Expectations that the highly anticipated Ethereum Spot Exchange-Traded Funds (ETFs) will be approved by the United States Securities and Exchange Commission (SEC) have continued to drop. In this regard, Justin Sun, founder of the Tron network, has made a significant prediction on the regulatory chances of Spot Ethereum ETF, indicating that it is unlikely that