The recent surge in Bitcoin’s price, reaching $35,000 for the first time in a year, has prompted major crypto exchanges to experience a net outflow of funds. This movement away from centralized platforms is seen as a bullish sign, indicating that traders are anticipating a price surge. Notably, Binance, crypto.com, and OKX recorded the largest
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In the past 24 hours, two substantial XRP transactions have taken place, totaling nearly 500 million XRP. The first transaction involved the transfer of 412,334,412 XRP tokens, valued at approximately $213 million. In the second transaction, 26,500,000 XRP tokens, equivalent to $13 million, were moved. These transfers occurred sequentially, with the second one attributed to
Bitcoin investors were met with excitement as the price of the leading cryptocurrency surged by over 15%, nearing the critical resistance level of $35,000. However, analysts are cautioning that a short-term correction may be in the cards before Bitcoin resumes its upward trajectory. Bitcoin’s significant increase can be attributed to speculation surrounding the listing of
The blockchain landscape is constantly evolving, with platforms appearing and disappearing in the blink of an eye. Among these platforms, Async Art stood out as a unique hub for artists and musicians to express themselves in innovative ways. Launched in 2020, Async Art offered a dynamic approach to digital art, allowing artists to create multi-layered,
Bitcoin has experienced significant growth in value this year, nearly doubling since the start of 2023. However, it is the publicly-traded Bitcoin mining firms that have proven to be the more profitable investment option. These mining companies have seen their share prices soar by over 100% since January 1, benefiting from the rising value of
In the increasingly competitive cryptocurrency market, investors and strategists are turning their attention to AI-driven cryptos during presale events. The appeal of these projects lies in the combination of the growing AI craze and the potential utility that AI can offer to the crypto space. One such project that is gaining attention from diverse investor
Germany’s postal service, Deutsche Post, is breaking new ground in the world of stamp collecting by introducing its inaugural crypto stamp on the Polygon blockchain. This groundbreaking venture combines the classic appeal of physical stamps with the innovative power of NFT technology, revolutionizing the collector’s experience. The first stamp in the series, featuring the iconic
The demand for cryptocurrencies, particularly Bitcoin, is rapidly increasing, with notable interest coming from family offices. Paul Brody, the Global Blockchain Leader at Ernst & Young (EY), shed light on this trend during a recent CNBC interview. While family offices eagerly diversify their portfolios with cryptocurrencies, institutional investors exercise caution, awaiting regulatory clarity. This article
The recent surge in applications for spot Bitcoin exchange-traded funds (ETFs) by major asset managers like BlackRock and Fidelity reflects the increasing interest in these investment vehicles. The U.S. Securities and Exchange Commission (SEC) Commissioner, Hester Peirce, discussed the growing trend in a conversation with CNBC on October 23. In this article, we will delve
Recently, the crypto community has been up in arms over a controversial article published by The Wall Street Journal (WSJ) regarding Hamas and its alleged acquisition of $90 million in cryptocurrency for financing a surprise attack on Israel. The article has sparked widespread debate and criticism, with many accusing WSJ of publishing misleading information. In
Bitcoin (BTC) reached new three-month highs on October 23, signaling a strong start to the week’s Asia trading session. The cryptocurrency’s price surged to $30,944 on Bitstamp, marking its first weekly close above $30,000 since the summer. This surge allowed BTC to approach key long-term resistance levels, including the 2023 high at $31,800. Traders and
Meitu, the Hong Kong-listed company known for its ventures into cryptocurrencies, has recently announced a significant strategic shift. Instead of focusing on digital assets like Bitcoin and Ethereum, the company has redirected its attention to its artificial intelligence (AI) business. This decision comes after Meitu made headlines in 2021 for investing around $100 million in
The Shiba Inu ecosystem has rapidly emerged as one of the most dynamic and thriving communities within the cryptocurrency industry. With a plethora of tokens and frequent updates, it is undeniable that the Shiba Inu project has made significant strides. However, despite its impressive growth, the journey for Shiba Inu is far from over. Recently,
Cryptocurrency exchange Coinbase has made a significant step in its international expansion efforts by selecting Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub. This move comes following the adoption of MiCA by EU policymakers, which is seen as a pivotal moment for the cryptocurrency industry in the region. Coinbase aims to