Over the weekend, Bitcoin experienced a brief increase in price towards $70,000 before returning to a stagnant state. This lack of significant movement was reflected in most altcoins as well, with only a few, such as BNB, NEAR, FIL, and FET, showing notable price drops. Bitcoin ETF Inflows Bitcoin had a strong week in terms
Crypto
The current altcoin and Bitcoin market seems to be following a similar pattern to what was observed in June 2019, just before the United States Federal Reserve decided to cut interest rates. Analysts are drawing parallels between the two cycles, suggesting that a final flush out of altcoins may be on the horizon before the
Recent analysis by 10x Research CEO Markus Thielen suggests that Bitcoin is on the verge of reaching a new all-time high. Thielen has identified a “head and shoulders” chart pattern that is close to completion, indicating a potential rally towards $83,000 in the near future. Despite facing some resistance and retreating to just over $69,000
Core Scientific, a key player in North America’s digital infrastructure sector, has recently announced a game-changing strategic partnership with CoreWeave, an AI Hyperscaler. This collaboration involves a series of long-term contracts spanning over 12 years, where Core Scientific will provide approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. This partnership marks
In a recent announcement, Coinbase CEO Brian Armstrong revealed that over one million individuals have joined the ‘Stand With Crypto’ movement to advocate for the cryptocurrency industry. This massive surge in supporters has not gone unnoticed, with Armstrong highlighting that these members have become a formidable voting bloc. The movement gained traction, particularly after a
The recent indictment by the US Department of Justice (DoJ) of Bill Guan, the chief financial officer of Epoch Times, has sent shockwaves through the media industry. Guan stands accused of participating in a sophisticated money laundering scheme that involved funneling over $67 million of illicit funds through cryptocurrency. This indictment serves as a stark
The recent drop in Bitcoin price has left many investors scratching their heads, especially considering the positive news surrounding US-based ETFs. These exchange-traded funds have been a major game-changer in the cryptocurrency industry, allowing retail investors and institutions easy access to Bitcoin’s performance without the hassle of storing keys or passwords. The immediate effects were
XRP, the cryptocurrency associated with Ripple, has been hovering around the $0.52 mark in recent times. Despite this stagnation, analysts are optimistic about a potential rise to $0.70 in the upcoming summer months. DustyBC Crypto and Blockchainedbb are among those who believe that XRP is on the brink of breaking out of its consolidation phase,
The on-chain investigator ZachXBT recently brought to light a case of fraudulent activity involving an early investor in the Solana-based meme coin known as ANDY. The exploiter managed to drain a staggering $2 million worth of meme coins in several transactions, causing a significant plunge in the price of ANDY. The Consequences In the aftermath
FTX, a bankrupt cryptocurrency exchange, recently proposed a reorganization plan that has faced objections from creditors. These creditors, including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, argue that the plan does not meet the requirements of the Bankruptcy Code. According to Kavuri, the plan overlooks property rights issues, fails to pass
