The recent sudden dip in the crypto market, specifically in Bitcoin, was largely attributed to an overreaction from short-term holders. These investors, who typically hold onto their assets for a brief period, quickly liquidated their positions when faced with the initial decline in prices. This knee-jerk reaction led to further cascading effects in other cryptocurrencies
As the cryptocurrency market grapples with a period of uncertainty characterized by price stagnation and volatility, the Ethereum (ETH) network is gearing up for the highly anticipated Pectra upgrade scheduled for the first quarter of 2025. This significant upgrade has attracted the attention of bullish analysts who believe that it could serve as a catalyst
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
Cardano, the popular cryptocurrency founded by Charles Hoskinson, has announced a delay in its highly anticipated Chang hardfork. Initially scheduled for August 27, 2024, the hardfork has now been pushed back to September 1, 2024. The reason for this delay, according to Hoskinson, is to allow major platforms like Binance more time to prepare for
Indian cryptocurrency exchange WazirX has recently expressed concerns about external parties attempting to prolong its restructuring process for their own benefits. These parties, who are not invested in the platform, are said to be creating and maintaining uncertainty rather than seeking a resolution to the current situation. Following a major security breach on July 18
Opeyemi delves into the cryptocurrency realm with a fervor that is matched by few. Despite not initially choosing the digital asset industry, he has found himself captivated by its complexities for over two years. His love for unraveling the intricacies of blockchain technology and staying updated on the latest trends in the crypto world drives
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
The European Union’s approach to regulating artificial intelligence (AI) has come under fire from Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek. In a joint statement, the two tech leaders expressed concern over the EU’s “fragmented regulatory structure” which they claim is stifling innovation in the AI industry. They highlighted that the current framework
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
Semilore Faleti is not your average cryptocurrency writer. With a background in journalism and content creation, he has managed to carve out a niche for himself in the complex and ever-changing world of blockchain and digital currencies. While he may have started out covering a variety of topics, it is clear that his true passion
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