The stagnation of Bitcoin’s price since its March peak can be attributed to tight U.S. monetary policy, as highlighted by CryptoQuant analysts. They point out that the Federal Reserve’s decision to raise interest rates in early 2022 led to a decline in stablecoin supply. Despite a subsequent increase in stablecoin supply, interest rates have remained
The cryptocurrency industry is known for its dynamic nature and exciting developments that occur regularly. However, it is also a prime target for hackers and malicious individuals looking to take advantage of inexperienced users who may not know how to properly secure their digital assets. In particular, meme coins like Shiba Inu (SHIB) have gained
Cryptocurrency has become a hot topic in recent years, attracting individuals from various backgrounds to explore the world of digital assets. One such individual is Semilore Faleti, a cryptocurrency writer who has made significant contributions to the field of journalism and content creation. With a keen interest in the intricacies of blockchains and cryptocurrencies, Semilore
Bitcoin, the leading digital currency, has once again showcased its volatile nature by dropping suddenly below the $54,000 price level on July 5th. This recent price movement serves as a stark reminder to investors of the unpredictable fluctuations that characterize the cryptocurrency market. Within a span of seven days, Bitcoin has experienced a 7% decline,
The Central Bank of Nigeria’s deputy director, Olubukola Akinwumi, recently made some serious accusations against popular cryptocurrency exchange Binance. Akinwumi accused Binance of facilitating transactions that are typically reserved for authorized banks and financial institutions. These accusations were part of his testimony in a lawsuit filed by the Economic and Financial Crimes Commission (EFCC) against
The recent downturn in the crypto markets, with a 15% drop and over $350 million exiting the space, has raised concerns among investors. Cryptographer Adam Back highlighted that market corrections of around 30% are not uncommon during market cycles, emphasizing the importance of not panicking and understanding the historical patterns. Analyst ‘Rekt Capital’ echoed this
Cardano (ADA) has recently experienced a significant 3.4% price increase in the past 24 hours, signaling a potential bullish reversal. This surge comes at a time when the broader cryptocurrency market is also showing signs of recovery, with Bitcoin and Ethereum seeing slight gains of 2.5% and 2.2% respectively. Technical analysis suggests that Cardano has
The cryptocurrency market has seen significant volatility in recent days, with Bitcoin experiencing a downturn in price since the beginning of June. The price of Bitcoin fell below $60,000 on July 3rd, followed by a further drop the next day. This downward trend has led to concerns among market players about the impact of the
Semilore Faleti is a prominent figure in the world of cryptocurrency journalism and content creation. With a focus on blockchain technology and digital assets, Semilore has demonstrated a deep understanding of the complexities and intricacies of the crypto space. His work is dedicated to educating and informing his audience about the latest trends and developments
Meme coins have been a hot topic in the cryptocurrency world, gaining immense popularity during the recent bull market. With cryptocurrencies like Shiba Inu, Dogecoin, and various Solana-based tokens making significant gains, investors are closely watching the market for the next big meme coin to take off. ChatGPT, an AI-powered chatbot, has identified two cryptocurrencies
The recent turmoil in the cryptocurrency market, especially in Ethereum (ETH), has caused a significant drop in its value, with a nearly 15% decrease over the past week. Adding fuel to the fire, renowned economist Peter Schiff has made a gloomy prediction for ETH, suggesting that it could crash to as low as $1,500. This
In a recent announcement, popular multi-chain DEX, PancakeSwap unveiled a significant community reward program scheduled to run from July 5 to August 5. This initiative aims to distribute over 2.45 million zkSync (ZK) tokens to community members as a token of appreciation for their unwavering support towards the zkSync PancakeSwap deployment since July 2023. The
Former Solicitor General Donald B. Verrilli, who currently serves as Grayscale Investments’ senior legal strategist, has accused US regulators of intentionally stifling the crypto industry through debanking practices. In a joint amicus brief filed on July 3 with Paul Clement, the former Solicitor General under President George W. Bush, Verrilli highlighted growing bipartisan concerns about
The European Banking Authority (EBA) recently made updates to its Travel Rule guidelines, extending the regulations to include crypto service providers and intermediaries. This change is set to have a significant impact on the crypto exchanges operating within the European Union, affecting the way they handle funds and crypto asset transfers. Starting on December 30,