Bitcoin’s price has long been associated with its four-year price cycles, which align with its “halving” schedule that reduces its inflation rate every four years. However, some analysts argue that this correlation may be coincidental rather than causal. They believe that the cyclical movements of the asset are influenced by macroeconomic conditions rather than the
Bitcoin, the world’s largest cryptocurrency, has experienced both progress and setbacks in the past year. The digital asset investment landscape has been reflective of these ups and downs. However, recent data suggests that despite minor outflows in the overall market, Bitcoin has demonstrated resilience by recording a weekly inflow of $3.8 million. Coinshares, in its
Regulated stock exchanges are facing a dilemma as they grapple with the increasing demand for cryptocurrency products. Despite the growing interest in crypto-related assets among retail and institutional investors, these exchanges are hesitant to offer such products. This article examines the reasons behind this reluctance and the challenges that regulated stock exchanges face in entering
As the world continues to embrace the transformative potential of artificial intelligence (AI), governments and organizations are increasingly recognizing the need to address the ethical and safety implications associated with its development. In this regard, the government of the United Kingdom has taken a proactive stance by publishing a series of objectives for its upcoming
Cryptocurrency awareness is on the rise globally, with Nigeria emerging as the leader across all continents. According to a recent study conducted by Consensys, a blockchain and Web3 software company, 99% of Nigerians have heard of cryptocurrencies, and an impressive 91% are willing to invest. This article will explore the key findings of the study
Binance, one of the world’s largest cryptocurrency exchanges, recently confirmed the departure of its head of product, Mayur Kamat. Kamat, who joined Binance in January 2022, had previously worked at Google and Agoda before taking on the role at the exchange. The confirmation of Kamat’s departure adds to a growing list of top-level executives leaving
The withdrawals were made from Stake.com contracts to an account identified as “Stake.com Hacker” by Etherscan. This alarming discovery suggests that a stolen private key may be at the center of this large-scale theft. The blockchain data reveals a series of substantial transfers, beginning with $3.9 million in Tether (USDT) and followed by 6,001 Ether
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
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
