The Rehabilitation Trustee of the now-defunct crypto exchange Mt. Gox recently provided an update regarding its significant Bitcoin holdings. Despite transferring over 140,000 BTC (approximately $10 billion) in a recent transaction, the trustee confirmed that it has not sold any of its Bitcoin holdings. The trustee clarified in a statement on May 28 that preparations
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Following a crucial week for Ethereum, there is a technical candlestick arrangement that indicates a possible sharp upturn in ETH prices in the upcoming weeks and months. One analyst pointed out events in the monthly chart where the ETH/BTC ratio reversed from a multi-year support trend line. This is significant because altcoin prices typically react
The European Securities and Markets Authority (ESMA) has recently brought attention to Maximum Extractable Value (MEV) as a form of illegal market abuse within the context of the proposed Markets in Crypto-Assets (MiCA) regulation. This development, highlighted by crypto regulation commentator Patrick Hansen, has significant implications for the crypto industry as a whole. ESMA’s draft
The convergence of social media and finance has given birth to SocialFi, a revolutionary concept that empowers users and content creators in unprecedented ways. Decentralized finance (DeFi) has paved the way for SocialFi to redefine user engagement on social networks. This innovative approach allows individuals to not only control their online presence but also profit
Toncoin (TON) has been making waves in the cryptocurrency market as the native token of The Open Network blockchain. Recent analysis by CryptoQuant revealed some interesting trends regarding the price performance of TON compared to Bitcoin. While TON has outperformed Bitcoin by 118% since the beginning of 2024, there seems to be a disparity in
Several industry leaders, including Coinbase, Meta, Ripple, Gemini, Kraken, Match Group, and GASO, have joined forces to launch the ‘Tech Against Scams’ initiative. This coalition’s main objective is to address online fraud and financial schemes, emphasizing that scams are not limited to social media, cryptocurrency, or finance sectors. According to a blog post by Coinbase,
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
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
