Bitcoin ETFs have been dominating the market lately, with impressive inflows and a strong performance over the last trading week. On the other hand, Ethereum ETFs are facing challenges, with low trading volumes and consistent withdrawals. The recent volatility in the crypto market has had a significant impact on both asset classes, but the resilience
Crypto
Shibarium, a layer-2 blockchain solution designed to support the development of the Shiba Inu ecosystem, has seen significant growth since its inception a year ago. With over 418 million transactions processed and key upgrades such as hard forks to improve network performance, Shibarium has been focused on enhancing transaction costs, speeding up processes, and increasing
German authorities recently conducted a nationwide crackdown on unlicensed crypto ATMs, seizing nearly 250,000 euros in cash and 13 machines. Led by the Federal Financial Supervisory Authority (BaFin), the operation aimed to strengthen regulatory oversight in the rapidly expanding cryptocurrency sector. The sting operation targeted 35 locations across the country where crypto ATMs were allegedly
Bitcoin’s price surged to $65,000 after a period of trading sideways, with experts pointing to the US Federal Reserve’s economic policies as a key factor. The relationship between Bitcoin and the US central bank’s actions has been evident over the past few years, particularly since the COVID-19 crash. The unprecedented inflation spike following the crash
The latest report released by Coinbase sheds light on the potential impact of young, pro-crypto voters on the 2024 US presidential elections. With Gen Z and Millennials making up 40% of the electorate, there is a growing trend towards supporting candidates who champion crypto and financial innovation. These younger Americans are increasingly discontent with the
Recent on-chain data analysis points to a concerning trend in the world of Bitcoin. Despite historical patterns indicating that high demand typically precedes price recoveries and rallies, the current market dynamics tell a different story. Bitcoin demand growth has slowed down significantly since early April, when the cryptocurrency was priced around $70,000. The 30-day Apparent
Binance, the world’s largest cryptocurrency exchange, recently announced that it will be temporarily suspending deposits and withdrawals of The Open Network (TON) on August 26. While trading will remain unaffected, this decision has raised questions among users about the future of TON and its price stability. The wallet maintenance for TON on August 26 is
Bitcoin’s price has seen some significant fluctuations in recent days, with the bulls currently holding the upper hand as they push BTC above $61,000. However, the weekend tends to bring about a different price action due to lower trading volume. This lack of volume can lead to more volatility in the market, making it easier
Ripple, a prominent player in the cryptocurrency industry, has recently announced its plans to launch a stablecoin called Ripple USD (RLUSD). This stablecoin is set to operate on both the XRP Ledger and Ethereum, with the goal of bridging the gap between crypto and traditional finance. Just a few days ago, Ripple minted the first
Former Binance CEO Changpeng ‘CZ’ Zhao’s recent transfer from FCI Lompoc II to the RRM Long Beach halfway house in California has caused confusion among users who mistakenly believed he had been released. However, despite the change in location, CZ remains incarcerated. The RRM Long Beach facility is classified as a ‘residential reentry management (RRM)
Pi Network, a crypto project introduced in 2019, aims to revolutionize the way users mine and earn digital assets on their mobile devices. By using the Stellar Consensus Protocol (SCP) as a consensus algorithm, it strives to be more energy-efficient compared to traditional Proof-of-Work (PoW) systems. Despite gaining millions of users and transitioning them towards
In recent times, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network that was incubated by Coinbase, making significant strides. Data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than the combined total of its competitors, Arbitrum and Optimism. This
Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300. However, in the past 12 hours, the leading cryptocurrency made a strong recovery and surged to a weekly high of nearly $62,000. This sudden uptick in price has been followed by a positive trend in the altcoin market, with larger-cap altcoins such as LINK,
In the latest market analysis by technical analyst Willy Woo, it was noted that Bitcoin inventory on exchanges has been experiencing a bearish trend until the start of August. This was primarily due to a significant influx of around 100,000 BTC from the German and US governments selling, as well as Mt. Gox distributions. Woo