Bitcoin’s market dominance has long been considered a crucial indicator of its strength in the cryptocurrency market. However, a deeper examination reveals that the concept of “Bitcoin dominance” may not be as informative as it appears, particularly when taking into account the broader dynamics of the market. The term “Bitcoin dominance” refers to the proportion
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Binance, one of the leading cryptocurrency exchanges globally, recently released a statement regarding its resolution of investigations conducted by the U.S. Department of Justice (DOJ) and other regulatory agencies. In this statement, the company acknowledges its past shortcomings and admits to certain compliance violations. The resolution reached by Binance has allowed the company to move
In a shocking turn of events, Binance CEO Changpeng Zhao has reportedly pled guilty to violating U.S. anti-money laundering requirements and will step down from his role at the exchange, according to the Wall Street Journal. This news has sent shockwaves throughout the cryptocurrency industry and has led to significant price fluctuations in the market.
The world of cryptocurrencies is evolving rapidly, and a new class of digital assets is making its mark. These innovative cryptocurrencies, known as AI crypto tokens, are gaining popularity due to their integration of artificial intelligence into the underlying blockchain architecture. One such token that has caught the attention of crypto whales is the $LPX
Cryptocurrency analyst, LuckSide Crypto, has recently offered his market commentary on YouTube, stating that Cardano’s ADA token is poised for a significant breakout in the near future. Despite recent struggles with its price, LuckSide Crypto believes that Cardano is experiencing positive market pressure and hitting key price levels, indicating a potential upward trend. ADA has
The recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Kraken, one of the prominent cryptocurrency exchanges, has sent shockwaves throughout the crypto industry. The SEC’s allegations against Kraken, including the commingling of user funds and acting as an unregistered broker, have raised serious concerns about regulatory oversight in the digital asset
The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, recently experienced a significant vulnerability in its system. This vulnerability was discovered following a $550,000 hack in October. The foundation was targeted, with an unknown attacker draining 1% of its funds. However, the foundation quickly identified and mitigated the vulnerability, preventing potential losses of
Bitcoin (BTC) is currently in a consolidation phase, leaving many investors uncertain and fearful of further price declines. The latest Bitfinex Alpha report reveals that BTC is hovering around the $37,000 price range, showing signs of diminishing momentum. Additionally, positive funding rates on futures contracts, which have historically been associated with market declines, add to
Ethereum, the world’s second-largest cryptocurrency by market capitalization, has shown signs of a strong recovery as its price started a fresh increase above the $1,950 resistance level. The digital asset remained stable and consolidated its gains, leading to a breakout above the $2,000 mark and the 100-hourly Simple Moving Average. A major bullish breakout was
Bitcoin and Ethereum, the two leading cryptocurrencies in the market, have experienced a significant shift in their average daily transaction fees. According to data from BitInfoChart, Bitcoin’s average daily transaction fee stood at $10.34 on November 20, while Ethereum’s fees averaged at $8.43. This marks a reversal of their usual positions, where Ethereum typically had
