Bitcoin kicked off the year 2024 with an impressive surge, climbing over 73% in the first quarter to hit a new all-time high of $73,750. Despite the subsequent price correction, the major stakeholders in Bitcoin have displayed a consistent pattern of accumulation in the first three months of the year. This accumulation trend suggests a
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Bitcoin halving is a process that occurs approximately every four years, aimed at slowing down the creation of new Bitcoins. This mechanism ensures that the last Bitcoin will be mined over a hundred years from now, despite the fact that over 19.6 million Bitcoins are already in circulation. The reduction in production speed, coupled with
In the ever-evolving world of cryptocurrency investments, meme coins have gained significant popularity among investors looking for high returns in a short period. Dogecoin (DOGE) has long been considered the king of meme coins, with its iconic Shiba Inu logo and enthusiastic community. However, as Dogecoin consolidates near its 21-day moving average at $0.18, investors
The recent decision by the bankrupt crypto exchange FTX to sell its Solana holdings at a significant discount to crypto venture firms has sparked strong disapproval from creditors. Reports have emerged that FTX sold 30 million SOL at a rate of $64 each to VC firms such as Pantera Capital and Galaxy Trading, representing a
Ethena Labs, the creators of USDe, have recently announced the incorporation of Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This strategic move aims to scale USDe’s supply beyond its current $2 billion mark. The team emphasized BTC’s role in enhancing USDe’s scalability, pointing out its increasing open interest in major exchanges. BTC has
Upon delving into the recent analysis of Cardano (ADA) by crypto analyst Alan Santana, it is evident that a bearish narrative has been laid out for the crypto token. Santana’s observations point towards a potential price drop for ADA, following its breakout below the $0.58 support level. This decline, which has already seen a 30%
The recent data from Glassnode has highlighted an intriguing trend amongst short-term Bitcoin holders. It has been reported that over 1.2 million BTC has been accumulated by short-term holders since December 2023. This accumulation surge comes at a time when Bitcoin has been attracting significant interest from investors, especially after the launch of Spot Bitcoin
Binance’s NFT marketplace has made a surprising announcement – it will be discontinuing its support for Bitcoin Ordinal NFTs after April 18. This means that users will no longer have the ability to buy, deposit, bid on, or list these unique digital assets on the platform. This decision signifies a major shift for Bitcoin Ordinals
In the ever-evolving world of cryptocurrency, new projects are constantly emerging, each aiming to revolutionize the industry in its own unique way. One such project that is currently gaining traction is eTukTuk (TUK), a new eco-friendly AI crypto that is catching the attention of investors looking for potential gains. With XRP struggling to maintain its
Crypto analyst PlanB has made a bold prediction that Bitcoin will hit $100,000 this year, despite the current bearish sentiments surrounding the cryptocurrency. In a video on his YouTube channel, PlanB stated that he believes Bitcoin reaching $100,000 is “inevitable.” He even suggested that $100,000 could just be the starting point for Bitcoin’s price in
The Ethena token (ENA) has experienced a remarkable surge of 13% in just 24 hours and an overall increase of 53% since its listing on Binance. ENA functions as a governance token for Ethena’s decentralized finance (DeFi) protocol. The protocol’s USDe stablecoin offers a substantial 35% APY, setting it apart from traditional rivals USDT and
The recent court hearing in Nigeria involving cryptocurrency exchange Binance revealed a significant lack of legal representation for the company. While the compliance chief, Tigran Gambaryan, was present at the hearing, no official legal team from Binance was in attendance. This raised concerns about the company’s preparedness to address the criminal charges it is facing
The banking giant VanEck has made a bold prediction regarding the valuation of Ethereum Layer-2 (L2) solutions, estimating it to reach a staggering $1 trillion by the year 2030. This forecast underscores the significant role that efficiency improvements and scalability advancements will play in the evolution of blockchain technology. The prediction was spearheaded by Patrick
The cryptocurrency market has recently experienced a period of correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price has fallen by approximately 6% over the past week, currently trading at around $65,400 according to CoinGecko’s data. One potential reason for the increased volatility and decline in BTC’s value is profit-taking