Bitcoin, the leading cryptocurrency in the market, recently experienced a setback in its upward trajectory as its price surge towards $60,000 was halted. The digital asset has now retraced back to just over $58,000 after a minor pullback in the past 24 hours. In the midst of Bitcoin’s price fluctuation, some altcoins have emerged as
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Binance, the world’s largest cryptocurrency exchange, recently announced that it will be suspending deposits and withdrawals for all networks on July 17 for approximately one hour. This scheduled wallet maintenance is necessary for ensuring the stability of the network. It is important to note that trading services will remain unaffected during this brief period. The
Recently, Canadian musician and actor Drake, known for his love of sports betting, made a hefty wager of $300,000 worth of Bitcoin on Canada to beat Argentina in the Copa America semi-final. Despite being the underdog with odds of 9.60, Canada failed to clinch the victory, resulting in Drake losing a substantial amount of money.
Recently, wallets connected to the CoinStats exploit were found to have moved nearly $1 million in Ether into the crypto mixing protocol Tornado Cash. This comes as a concerning development, especially given the security breach reported by CoinStats in June which affected a significant number of users. Two wallets linked to the CoinStats exploit transferred
The world of Ethereum 2.0 staking has been abuzz with excitement as it recently hit a major milestone. The deposit contract for staking Ethereum on the Beacon Chain has soared to an all-time high of 47.36 million ETH this week. This figure represents a whopping 33.9% of the entire supply of Ethereum, showcasing the growing
In the past month, Bitcoin has experienced a significant price dip of around 15%, causing it to drop below $54,000 for the first time since February. However, the asset has since recovered some of its losses and is currently trading at approximately $58,800. Despite this correction, many analysts and industry participants remain optimistic about the
In the world of cryptocurrency, Ethereum (ETH) is currently dominating the market trends. This can be attributed to the recent filing of updated S-1 forms for spot ETH ETFs by major financial firms such as BlackRock, Fidelity, VanEck, and more. This development has sparked a lot of interest in Ethereum, with potential trading starting as
Artur Schaback, co-founder and former CTO of Paxful, recently pleaded guilty to conspiracy for failing to establish, develop, implement, and maintain a compliant AML program as required by the Bank Secrecy Act. This failure to collect necessary KYC information of customers who opened accounts to trade on Paxful from July 2015 to June 2019 has
In the world of cryptocurrencies, the regulatory landscape is constantly evolving. The introduction of Europe’s Markets in Crypto-Assets Regulation (MiCA) on June 30 has significantly impacted the market dynamics. With the new regulation in place, there has been a noticeable trend towards compliant stablecoins, such as Circle’s USDC, as market participants seek transparency and regulatory
In recent days, Bitcoin has experienced a significant drop in price, reaching its lowest level since February. However, analysts at Bitfinex believe that there are on-chain signs indicating that the leading cryptocurrency may be approaching a potential local bottom. Despite the recent market volatility, data from July 6 and 7 suggest that Bitcoin’s correction may
