Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. According to BTC ECHO analyst Leon Waidmann, exchange balances for both Bitcoin and Ethereum are currently at their lowest levels in years. The supply of Bitcoin on exchanges has decreased to 11.6%, while the supply of Ethereum
Recently, Binance announced its decision to limit the availability of “unregulated stablecoins” in the EU by June 30, in accordance with the upcoming Markets in Crypto-Assets Regulation (MiCA). This move is expected to have a significant impact on the stablecoin market in the European Economic Area (EEA). Binance revealed that it plans to implement a
In a recent blog post titled “How to get regulatory clarity for crypto,” Coinbase CEO Brian Armstrong emphasized the importance of securing regulatory clarity for the crypto industry. He called for a unified effort to support pro-crypto political candidates and vote out anti-crypto incumbents. Armstrong highlighted the significant investment that Coinbase has made in policy
Crypto analyst Tara has recently pointed out a bullish pattern on the Bitcoin chart, suggesting that the flagship cryptocurrency could be on the verge of a major price surge. She predicted that Bitcoin could reach $75,800, marking a new all-time high for the digital asset. Tara’s analysis indicated that Bitcoin has completed a full ABCDE
In a recent announcement, Binance revealed that it would be halting trading services for several cryptocurrencies. This decision has had a significant impact on the involved assets, leading to price drops and causing uncertainty among users and investors. Binance continues to make adjustments to its offerings, introducing new trading pairs while removing older ones, in
The collaboration between Google and Magic Leap represents a significant shift in the extended reality (XR) space, as both companies have faced challenges in the augmented reality (AR) market in the past. Google’s initial attempt with Google Glass was met with consumer backlash and failed to gain market traction. Similarly, Magic Leap, once seen as
Ripple recently made headlines by contributing $25 million to the Fairshake super PAC, showcasing its commitment to advocating for pro-crypto policies and politicians. This significant financial injection aligns with a larger industry-wide effort to ensure fair and balanced regulation within the cryptocurrency space. Ripple’s decision to support Fairshake comes at a critical juncture, as the
Recent geopolitical tensions and inflation have led to a significant shift in the mindset of American voters, with many now considering the stance of political candidates on cryptocurrencies before casting their vote. A survey conducted by Harris Poll, funded by Bitcoin ETF issuer Grayscale, found that one in three U.S. voters will factor in a
The price of Bitcoin seems to have settled back into a choppy market condition, dimming any hopes of a quick breakout to new highs. Despite this setback, there is still a glimmer of hope that the current bull cycle is not yet over, even though Bitcoin is taking its time to regain its upward momentum.
In May, the cryptocurrency sector faced significant losses amounting to $42.6 million due to various factors such as exploits, flash loans, and exit scams. While these losses were substantial, there was some relief as approximately $96.2 million was recovered, mitigating the economic impact to some extent. One of the major contributors to losses in the
