Following the FTX crash in November 2022, the exchange’s wallets still contained a significant amount of crypto worth billions of dollars. These tokens remained untouched for a long time due to the ongoing legal battle between the exchange and its creditors. However, recent activities indicate that a large portion of these tokens are now being
Cryptocurrencies have taken the financial world by storm, attracting millions of investors and traders worldwide. With the rapid growth in the popularity of digital currencies, the demand for more effective analysis tools has also skyrocketed. Enter yPredict, a cutting-edge trading analytics platform that is set to transform the way crypto traders make informed decisions. One
Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has reached a significant milestone by surpassing 1 million wallets. This remarkable achievement comes just weeks after its relaunch on August 28. The official Shibarium team announced this feat in a blog post on September 3. It is worth noting that the network faced technical issues
In a recent court case against Grayscale Investments, the SEC was dealt a blow as a federal court ruled that the agency must review its rejection of Grayscale’s proposal to convert its bitcoin trust into an ETF. The court found the SEC’s rejection to be “arbitrary and capricious” as it failed to provide a clear
The once vibrant and exciting crypto market has recently lost its luster, leaving investors and enthusiasts concerned about its future. Bitcoin, the flagship cryptocurrency, has been struggling to stay afloat, and this struggle is reflected in the dwindling trading volume of bitcoin futures. According to data from Glassnode, bitcoin futures open interest has dropped to
In a recent turn of events, Ripple’s price has taken a bearish turn after a period of stable movements. This decline has led to a significant breakdown below a crucial support zone formed by the 200-day moving average. A closer analysis of the daily chart reveals that the drop in XRP price is a result
In recent weeks, a cold wallet owned by the defunct cryptocurrency exchange FTX has been making waves in the crypto community. According to on-chain data, the wallet has moved nearly $10 million worth of altcoins from Solana to Ethereum since August 31. This unexpected transfer has raised many questions about the motives behind it and
Cryptocurrency analyst Benjamin Cowen recently shared his insights into Bitcoin’s historical performance in September and its potential trajectory for this year. Cowen, known for his data-driven approach to cryptocurrency analysis, highlighted the challenges that Bitcoin has historically faced in September. While acknowledging that occasional green Septembers do occur, Cowen emphasized the negative price movements that
The cryptocurrency industry is continuously evolving, and as innovation meets regulation, the need for legal clarity has become of utmost importance. Recent legal battles between major crypto exchanges and regulatory authorities highlight the significance of obtaining comprehensive legal opinions for token projects. These opinions play a pivotal role in navigating the complex regulatory environment and
Bitcoin, the world’s most popular cryptocurrency, recently experienced an unanticipated decline from the $29K mark. This downward movement led to a substantial breakdown of the pivotal 100-day and 200-day moving averages. The bearish trend sparked concerns among investors and traders about how low BTC can go. One significant factor that contributed to Bitcoin’s temporary rebound
