Bitcoin had a tumultuous week, experiencing significant volatility as a result of speculation surrounding the approval of spot Ethereum ETFs in the United States. The week started with Bitcoin struggling to maintain a price above $66,000, slipping below that level multiple times. However, on Monday, Bitcoin saw a dramatic surge, gaining over five thousand dollars
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The recent approval of the Ethereum Spot ETF has sparked a wave of speculations regarding the potential performance of these funds once they hit the trading floor. Analysts and experts in the industry have shared their thoughts and predictions on the level of investments these ETFs could attract, particularly in comparison to their Bitcoin-based counterparts.
Back in 2010, a Floridian programmer known as Laszlo Hanyecz made history when he purchased two Papa John’s pizzas for 10,000 BTC. At the time, the value of the cryptocurrency was a mere $0.0041, making the total cost of the pizzas around $41. Fast forward to today, and that same amount of bitcoin is now
The cryptocurrency market has seen a concerning trend lately, with an increasing number of tokens being launched with limited circulating supply and inflated valuations. This has raised questions regarding the sustainability of the upside potential for traders following the token generation event (TGE). Binance Research’s latest findings have highlighted this issue, outlining the potential risks
OKX, a major cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision came as a result of the exchange withdrawing its virtual asset service provider (VASP) license application. While OKX cited “careful consideration” of its business strategy as the
A recent case involving a Taiwanese national charged with running Incognito Market, a darknet drug bazaar, has brought to light the seedy underbelly of illegal online drug sales. The accused, operating under the pseudonym “Pharoah,” allegedly oversaw a platform that transacted over $100 million in cryptocurrency, primarily through selling dangerous substances like fentanyl. Rui-Siang Lin,
Recent developments in the investment landscape have sparked a newfound interest in Ethereum exchange-traded funds (ETF). The United States Securities and Exchange Commission (SEC) approving the listing of these investment products has generated significant buzz among investors. At the same time, the Bitcoin spot ETF market has been experiencing a resurgence, with positive inflows marking
In recent days, Ethereum has been trading within a consolidation zone with prices fluctuating between $3,949 and $3,627. This consolidation phase follows a significant rally that occurred a few days ago, leading to a price surge of over 10%. The movement of prices within this range indicates that Ethereum is building momentum for a potential
The world of cryptocurrency is constantly evolving, with new tokens and projects emerging every day. One such project that has been gaining traction in recent weeks is Mollars. The team behind the Mollars token presale & project have just released an interesting report via their official X profile, shedding light on the buying trends of
After the Bitcoin halving in April, the cryptocurrency market has been closely watching for signs of a significant price breakout by Bitcoin, the leading cryptocurrency. While there was a brief rise to $71,443, the price soon retraced to $66,936, causing uncertainty among analysts and investors. Renowned analyst Rekt Capital provided some insights into this price
