So far, market confidence has been spurred by recent remarks made by Fed officials. The market is projecting that the US PCE inflation number for July will be 0.2%, up from 0.1%. Expectations on a possible Federal Reserve rate decrease in September skyrocketed, leading to a strong gain in the cryptocurrency market last week. Ethereum…
Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4%…
August 25, 2024 at 10:00 PM GST updated: August 25, 2024 at 08:51 PM 2 mins read News Block earned over $5.3 billion in Bitcoin revenue in the first half of 2024, contributing to a total revenue of $12.1 billion across various streams. Block’s total revenue in the first half of 2024 saw a $1.5…
The concept of an XRP ETF (Exchange-Traded Fund) has captured the attention of investors and institutions. An XRP ETF represents a new financial product that allows investors to gain exposure to XRP, the digital currency associated with Ripple, without directly purchasing the cryptocurrency itself. As the cryptocurrency market matures, introducing such financial instruments signals a…
NEAR has continued to rally despite the market slipping by 2% today. According to CoinGecko, NEAR, the native token of the platform, achieved almost 23% gains since last week. This is largely due to positive on-chain developments, showing that the altcoin has enough muscle to remain in its current position within the market. Related Reading…
Over the past day, bitcoin has been hovering just under the $64,000 mark, while two wallets, which had been inactive for more than 13 years, suddenly moved 75 bitcoin worth $4.7 million. These transactions are particularly notable as they mark the only activity from 2011 this month, making them a rare occurrence amid the increasingly…
If you are about to invest in a new venture where the concept is attractive and returns are great, the only issue is whether the project could be considered a security. It is essential to determine whether the venture is a security because this defines how the investment is regulated and taxed, as well as…
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during this period. Top 10 Crypto Market Climbs From $1.37T…
August 25, 2024 at 05:10 PM GST updated: August 25, 2024 at 05:09 PM 2 mins read News Ark Invest predicts Bitcoin could reach $1.5 million despite recent price pullback. Bitcoin faces short-term resistance, struggling to break $65,000 amid a 0.6% dip. Golden Cross and bull pennant signals suggest potential for a major Bitcoin breakout….
Over the last 24 hours, Dogecoin (DOGE) has been on a wild ride, proving to be one of the best performers in the crypto market. This motion is here to stay, as there has been a massive swell in addresses turning profits. Related Reading Although a forecast by CoinCodex suggests DOGE may see a dip…
The 2024 Bitcoin halving was highly anticipated, with many expecting it to trigger another explosive bull run in the cryptocurrency market. However, as the months unfolded, it became clear that this time was different. Instead of the usual surge in Bitcoin’s value, the market faced unexpected challenges that dampened investor enthusiasm. From the launch of…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…
The blockchain concept was first introduced by Satoshi Nakamoto in 2008 with the Bitcoin whitepaper. BTC and other decentralized cryptocurrencies like Ethereum have played a pivotal role in modernizing and advancing blockchain technology. The Bitcoin network went live on January 3, 2009, when its creator, Satoshi Nakamoto, mined the first block of Bitcoin (known as…
This week, several key cryptocurrencies are poised for significant token unlocks, which is a crucial event that can sway market dynamics. From Ethena (ENA) to Optimism (OP), these tokens are either gearing up for release or have already unlocked a portion of their supply, potentially impacting their price and trading behavior. In this article, we’ll…
August 25, 2024 at 09:30 AM GST 2 mins read News Bitcoin peaked 518-546 days post-halving in previous cycles, suggesting a possible peak in mid-September to mid-October 2025. Bitcoin’s consolidation post-2024 halving could help resynchronize its cycle with previous trends, extending the bull market’s potential. Reduced volume in the 2024 cycle may still align with…
Avalanche is a cutting-edge blockchain platform that is not just a contender but also a rival to the Ethereum blockchain. Designed to address some of the key limitations, Avalanche offers a unique blend of speed, scalability, and security. By leveraging a novel architecture and consensus mechanisms, Avalanche not only supports dApps and smart contracts but…
In the past few weeks, following a series of corrections, Bitcoin and the broader crypto market have experienced a significant surge from the lower prices of 2024. Related Reading The momentum picked up notably on Friday after Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, announced a shift in policy,…
As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability….
Analyst predicts that Shiba Inu could mirror a February bullish movement of 300% as large investors silently accumulate the asset. Another analyst predicts that SHIB could match the market cap of gold and trade at $0.02 by 2045. Shiba Inu (SHIB) makes an impressive surge to $0.00001526 after making a bullish reversal of 5.9% in…
August 25, 2024 at 05:27 AM GST updated: August 24, 2024 at 06:31 PM 2 mins read News Bitcoin breaks $64K, supported by strong market trends and technical indicators. Critical Fibonacci levels suggest the potential for further gains if resistance is breached. MACD crossover and RSI signal strength, but traders should watch for possible downside…
Significant changes occurred in the U.S. exchange-traded funds (ETFs) market on August 23, 2024, specifically with Bitcoin (BTC) and Ethereum (ETH). Bitcoin ETFs experienced a substantial influx of $252 million, indicating a rise in investor enthusiasm, while Ethereum ETFs encountered an outflow of $5.7 million, underscoring the difficulties faced by this particular cryptocurrency. The iShares…
The firm was able to repay its debtors almost $1 billion in the last 18 months. Its only outstanding obligation is a $1.1 billion promissory note due to Genesis’s bankruptcy. Blockchain investment behemoth Digital Currency Group (DCG) has paid off all of its short-term debts as of June. This is according to a quarterly shareholder…
Tether, a stablecoin, has collaborated with law enforcement agencies globally since 2014 to counteract illicit activity associated with its stablecoin, USDT. The business has assisted 145 law enforcement authorities in the retrieval of more than $108.8 million in USDT, which is linked to a range of illegal operations. Tether has proactively restricted access to more…
Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often…
As the market gains more bullish momentum, Optimism (OP) investors become more enthusiastic after this week’s price actions. According to CoinGecko, the token is up more than 24% since last week which is currently supported by the strong bullish sentiment present within the market. Related Reading However, Optimism might have more surprises as the platform…
According to on-chain data, a dormant Bitcoin (BTC) wallet created over a decade ago has suddenly reawakened, transferring over $1 million worth of BTC to an unknown address. This unexpected yet substantial transaction comes as Bitcoin’s price surges past $64,000. Related Reading Decade Old Bitcoin Wallet Springs Back To Life An old Bitcoin wallet established…
August 24, 2024 at 09:10 PM GST updated: August 24, 2024 at 08:45 PM 2 mins read News Bitcoin ETFs netted $252M inflow, the highest in over a month, marking seven consecutive days of gains across major funds. BlackRock’s IBIT saw $86.83M inflow, while Grayscale’s GBTC ETF lost $35.55M amid overall rising interest in Bitcoin…
As the United States election comes near, Bitcoin price prediction by experts gaining significant attention from the crypto community. On August 25, 2024, a crypto expert made a post on X (preciously Twitter) stating that if former President Donald Trump wins this election, Bitcoin will easily go to the $100,000 level. Bitcoin Price Could Reach…
Bitcoin News The Bitcoin (BTC) exchange-traded funds in Hong Kong have gotten off to a slower start. Presently, the ETFs’ aggregate AUM is close to HK$2.1 billion, or $269 million. The assets under management (AUM) of spot Bitcoin ETFs in Hong Kong have topped 2 billion Hong Kong dollars, or around $256 million. When compared…
XRP could hit $7.5 if key resistance at $0.64 is broken, says analyst Egrag Crypto. The crypto consolidates between $0.55-$0.60 as analysts predict potential breakout. Historical data suggests XRP could mirror its 2017 bull run with significant gains. Market analysts have identified XRP as a cryptocurrency preparing for a possible upward movement, potentially reaching $7.5…
Pepe meme coin experiences an 11% rise, leading the performance in the meme coin sector. Market analysts forecast a strong bullish trend for Pepe Coin throughout September. Other meme coins like Dogwifhat, Bonk, Shiba Inu, and Dogecoin also record notable rises. Pepe, a notable meme-based cryptocurrency, has witnessed a remarkable rise exceeding 26% in the…
POPCAT surged after Binance Futures revealed its new USD-Margined perpetual contract. Binance Futures will launch POPCAT and SUN perpetual contracts with 75x leverage. Increased buying pressure followed Binance’s announcement of a new perpetual contract for POPCAT. The price of POPCAT has experienced a significant surge following Binance Futures’ announcement to launch a new USD-Margined perpetual…
BTC demand in the US surged to a 39-day high after the Fed hinted at interest rate cuts. Coinbase Premium Index hit a high, showing strong US buying pressure on Bitcoin. Following Powell’s interest rate comments, Bitcoin’s price surged to nearly $65,000. Bitcoin interest in the United States has surged to a 39-day high following…
Polygon alerts users of a Discord breach, advising caution with links amid security concerns. Despite 2FA, scammers infiltrate Polygon’s Discord, raising serious security worries. As Polygon upgrades, the Discord breach highlights ongoing crypto security vulnerabilities. Polygon, a leading blockchain platform, has reported a significant security breach in its community Discord channel. On Saturday, Mudit Gupta,…
In a new development that is creating ripples in the cryptocurrency space, Whale Alert, one of the top blockchain trackers, has detected two huge Ethereum (ETH) transfers heading to Coinbase. Each transfer involved 150,000 ETH, totaling a staggering 300,000 ETH at nearly $395 million. These transactions were carried out consecutively. Related Reading Ethereum: Market Reaction…
The crypto market is buzzing with excitement as the total market cap skyrockets by 4.8% in just 24 hours, hitting a whopping $2.26 trillion! Bitcoin, the king of crypto, is riding high, with its price soaring to an impressive $64,961. This surge came after Bitcoin’s crash risk due to Mt. Gox repayments significantly decreased by…
Right now, the global market is dominated by the US dollar. This dominance allows the United States to control the market to an extent. China and Russia present themselves as alternatives capable of challenging the advantage the US currently enjoys in the market. They, together and individually, have crafted several strategies to counter the dominance…
August 24, 2024 at 05:43 PM GST 2 mins read News Mow believes that Bitcoin is on the verge of crossing $100,000, refering this as a price that would trigger a substantial rise in the asset’s price. Recent market trends are evident because since the Fed suggested potential interest rate cuts, Bitcoin rose by over…
Bitcoin surges past $64,000, leading to a strong bullish trend in the crypto market. Solana and Dogecoin record impressive gains, underscoring robust interest in altcoins. Market capitalization reaches $2.30 trillion, reflecting a 2.34% increase from yesterday. The cryptocurrency market is witnessing a positive surge today, with major coins trading in the green zone. Leading the…
The overall cryptocurrency market has turned bullish after the potential interest rate cut announcement by Fed Chair. Amid this uptrend, Nick Tomaino, a crypto expert and the founder of 1Confirmation, published a report on X (previously Twitter) stating that Ethereum (ETH) will flip Bitcoin (BTC) by the market capitalization in the next five years. ETH…
The bullish flags are fluttering within the crypto space as traders and whales have become optimistic about the next price action. The recent death cross had kept the markets consolidated under bearish influence. However, the impact of the event appears to have reached its apex and hence, a fresh move may materialize anytime from now…
Ripple drives XRP adoption, focusing on cross-border payment and liquidity improvements. Addressing banking inefficiencies, XRP reduces the need for dormant currency reserves. Successful trials showcase XRP’s potential in global liquidity and real-time payments. XRP is rapidly gaining momentum in the crypto world, driven by its potential to address significant global liquidity challenges banks face. Ripple…
Bitcoin is currently showing a strong bullish signal as its price breaks through key resistance levels in the short term. This breakout has resulted in a significant short squeeze, where various short positions have been liquidated, driving the price even higher. According to analyst Josh of Crypto World, on the daily Bitcoin chart, a noticeable…
August 24, 2024 at 05:48 PM GST 2 mins read News Hong Kong’s spot Bitcoin ETFs gained 274 bitcoins worth HK$2 billion, driven by significant inflows into the ChinaAMC Bitcoin ETF. Two ETFs managed by China and Harvest Asset Management control over 63% of Hong Kong’s Bitcoin ETF market, totaling HK$1.337 billion. Despite recent gains,…
WazirX facilitates partial customer fund withdrawal from August 26 after the $230M hack. While customers will have access to 66% of their funds, the remaining 34% is frozen. The exchange will seek help from the High Court of Singapore for its restructuring plan. WazirX, one of the largest crypto exchanges in India, has announced that…
Bitcoin and the broader crypto market staged a strong recovery breaking out from potential resistance. This was soon after Fed Chairman Jerome Powell’s clear indication the about upcoming interest rate cuts after the Jackson Hole meeting on Friday. The Bitcoin price is up 5% shooting all the way past $64,000 levels. However, with the broader…
Bitcoin’s price has surged 6.79% from a low of $60,719 to a high of $64,947. Federal Reserve Chairman Jerome Powell’s indication of potential rate cuts has boosted the crypto market. In the latest crypto market update, Bitcoin has surged past $65,000 following signals from Federal Reserve Chairman Jerome Powell that rate cuts may be on…
Partnering with Progmat, DMM plans a stablecoin under Japan’s new digital asset laws. The new stablecoin will support Seamoon Protocol’s treasury and digital payments. DMM’s stablecoin launch sets the stage for competition with Ripple’s RLUSD in Japan. As Ripple Labs prepares to launch its dollar-pegged stablecoin RLUSD, Japan’s DMM Group is stepping into the spotlight…
Bitcoin’s price might take off when you least expect it. In a recent analysis by Altcoin Daily, Matthew Siegel from VanEck suggests that the current market conditions are ripe for a Bitcoin recovery. Despite its recent dip, VanEck is still a buyer, and Siegel believes that Bitcoin has the potential to make new all-time highs…
Historical on-chain data shows that high bitcoin (BTC) demand often precedes price recoveries and rallies; however, this is not the case at the moment. Current market dynamics suggest that such price movements are unlikely in the near term because BTC demand growth has remained at low levels. A recent report from CryptoQuant revealed that bitcoin…