The latest data from crypto asset manager CoinShares indicates a significant rebound in the crypto market. According to the ‘digital asset fund flows weekly report,’ digital asset investment products experienced $176 million in inflows last week. This surge in investor confidence, as noted by James Butterfill, head of research at CoinShares, suggests a strong and
With the recent market fluctuations and the supposed bear trap, a crypto analyst known as ‘Sensei’ has made a bold prediction for the future price of Bitcoin. According to Sensei, Bitcoin could potentially reach $72,000 in the near future. This optimistic forecast is based on the analyst’s observation of two parallel trend lines in Bitcoin’s
Ethereum has emerged as the frontrunner in the recent market downturn, with investors seizing the opportunity presented by the price weakness. Data reveals that Ethereum has attracted a staggering $155 million in inflows over the past week alone. This surge has propelled its year-to-date total inflows to $862 million, marking the highest influx since 2021.
Coinbase, a leading cryptocurrency exchange platform, recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposed expansion of the definition of “exchange” to include decentralized exchanges (DEXs). In the letter addressed to SEC Secretary Vanessa A. Countryman, Coinbase’s Chief Legal Officer Paul Grewal raised significant
Recent data from the cryptocurrency futures market has led a CryptoQuant analyst to predict a potential rally for Ether (ETH) in the near future. Following a significant liquidation event, historical trends suggest that ETH may experience a price rally as spot buying pressure increases and markets stabilize. Despite a recent dip in ETH price, which
The recent decision by Binance to delist six altcoins has sent shockwaves through the cryptocurrency market. This move by the world’s largest cryptocurrency exchange is not uncommon, as it periodically reviews the digital assets listed on its platform to ensure they meet certain standards. Binance takes various factors into consideration when deciding to delist a
Cryptocurrency analyst CryptoCon has once again made waves in the market by highlighting a technical indicator that has consistently predicted each local high for Bitcoin in the current bull run. According to CryptoCon’s recent analysis, the Bitcoin Fibonacci extension is poised to propel the leading cryptocurrency to over $100,000, specifically targeting $109,236. This surge could
It is evident from recent reports that the Venezuelan government has restricted access to Binance’s website in the aftermath of the controversial presidential election results. Not only is Binance affected, but several other websites belonging to companies from various industries in Venezuela have also faced similar access restrictions. This move by the government raises concerns
XRP, the cryptocurrency associated with Ripple, saw a significant price increase last week following a court ruling in the Ripple v SEC case. This surge brought XRP’s price to almost $0.64 with a market capitalization of over $35 billion. However, despite this initial success, the price of XRP has since experienced a slight decline, currently
Atari has once again captured the essence of retro gaming by bringing a modern twist to its iconic 1976 game, Breakout. This time, Breakout is making a comeback on the Ethereum layer 2 network Base, as part of Coinbase’s “OnChain Summer” promotion. This move signifies Atari’s commitment to merging classic gaming titles with blockchain technology
As bitcoin experiences a downward trend, analysts are closely examining technical indicators and signals to determine the direction in which it may move next. According to CoinGlass, a crypto derivatives data provider, the liquidity heatmap indicates key first-test lines at approximately $56,800. A bounce off this level could lead to testing higher prices, while a
Samsung has recently announced its partnership with Illuvium at Gamescom 2024, with the aim of transforming home entertainment by integrating Web3 technology. This collaboration is set to bring the Illuvium gaming world directly to living rooms through Samsung’s innovative Web3 TVs, allowing players to immerse themselves in the three core games – Overworld, Arena, and
Bitfarms, a Toronto-based Bitcoin mining company, reported a total revenue of $42 million in the second quarter of 2024. However, this marked a 16% decline quarter-over-quarter. The reduction in block rewards resulting from the BTC halving event on April 19, 2024, is seen as the primary reason for this decrease. Increased Net Losses The company
Santiment recently released a list of the top 10 digital assets based on notable development activity in the last 30 days. Topping the list is Internet Computer (ICP) with an overall score of 570.1, making it the top digital asset for development activity. With a market capitalization of nearly $3.5 billion, ICP has become the