The recent data revealed by analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The statistics indicate a significant dip in ‘profitability’ for ADA holders, with only 35% of them currently seeing gains. This stands in stark contrast to cryptocurrencies like Bitcoin and TRX, which show a much higher
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Financial expert and Bitcoin critic, Peter Schiff, recently issued a warning to investors about the potential repercussions of Bitcoin dropping below critical support levels. In a social media post, Schiff highlighted Bitcoin’s price at $63,814, emphasizing the importance of the cryptocurrency maintaining support above $60,000. He predicted a substantial price decline if Bitcoin failed to
Bitcoin’s journey in 2022 was fraught with volatility and significant pullbacks, with the cryptocurrency experiencing a series of declines ranging from 21% to 23%. The bear market that gripped the market led to a substantial loss in value for BTC, causing it to plummet to $16,600, a level unseen since November 2020. The collapse of
In the latest surge in meme coin frenzy, all eyes are on ERC-20 tokens once again as the price of ELON, a coin inspired by Elon Musk, has experienced a jaw-dropping 229-fold increase overnight. Despite the absence of any official affiliation with Elon Musk, the ELON token has managed to captivate the meme coin community
The recent approval of new Anti-Money Laundering Regulations by the European Parliament has significant implications for Crypto Asset Service Providers (CASP) operating in Europe. These regulations mandate the implementation of stringent Know Your Customer (KYC) procedures to combat money laundering within the crypto industry. CASPs, including banks, asset managers, and real estate agents, are now
Changpeng ‘CZ’ Zhao, the co-founder and former CEO of Binance, recently submitted a letter of apology to the court. In this letter, he expressed regret for his poor decisions and accepted full responsibility for his actions. Zhao acknowledged that he should have implemented compliance changes at Binance much earlier in his tenure, although he did
In the lead up to the Bitcoin Halving event, the price of BTC experienced significant fluctuations. However, following the event, the price rebounded and surged to $66,000, sparking optimistic forecasts from top cryptocurrency analysts about the coin’s trajectory. Captain Faibik, a respected cryptocurrency analyst and trader, has put forward an intriguing prediction, suggesting that Bitcoin
Recent reports reveal that Nigerian authorities are ramping up their efforts to crack down on crypto trading in the country, specifically targeting peer-to-peer (P2P) platforms such as OKX, Binance, KuCoin, and Bybit. A circulating document on social media platforms has highlighted the Central Bank of Nigeria’s (CBN) directive to financial institutions to identify individuals or
As the crypto market remains relatively stable with major coins trading sideways, traders are turning their attention towards smaller, lesser-known altcoins that show potential for quick gains. Bitcoin, the dominant cryptocurrency, is trading within a range of $60,000 to $74,000, with limited price movement expected in the near future. With the S&P 500 rebounding on
In a groundbreaking announcement, Jack Dorsey’s fintech company Block Inc. revealed the completion of its highly anticipated advanced Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project and sets the stage for the future of Bitcoin mining technology. Block’s three nanometre (3mn) Bitcoin mining chip represents a leap forward in
