The flagship cryptocurrency, Bitcoin, seems to be cooling off following months of experiencing a resurgence on the back of the Spot Bitcoin ETF potential approval rumors. This has led to concerns that the rally might be over, a theory that is boosted by the recent action of the largest holders of the crypto token. Bitcoin …
Continue reading “Bitcoin Whales Sell 50,000 BTC Worth $2.2 Billion, Is The Rally Over?”
On-chain data has revealed more than 112 million Dogecoin tokens recently made their way out of Robinhood into an unknown wallet. DOGE transfers into crypto exchanges have seen an uptick in the past few days, as the crypto continues to struggle to keep up pace compared to other top cryptocurrencies. However, according to Whale Alerts, …
Continue reading “$10 Million Worth Of Dogecoin Exit Robinhood – What This Could Mean For Price”
Known for being a blockchain technology pioneer, Algorand (ALGO) has seen ups and downs in the cryptocurrency market. Over the past week, there has been a notable 20% surge in the value of the Algorand token, which also translates to a 42-week peak. According to data from Coingecko, ALGO was trading at $0.232 at the …
Continue reading “ALGO Blows Up To 42-Week High, Delighting Algorand Fans”
In the past week, Bitcoin recorded an overall positive performance, gaining by 3.45%, according to data from CoinMarketCap. This price rise adds to BTC’s bullish form in the last 30 days, during which the maiden cryptocurrency has surged by 16.78%. However, despite this market uptick, there appears to be a growing trend of caution among …
Continue reading “Analyst Points To Increasing Caution In Bitcoin Market Despite Price Surge”
The Bitcoin network witnessed a significant rise in mining difficulty, setting a new all-time high by surpassing 72 trillion at block height 822,528. The 6.98% increase from its previous level indicates an acceleration in mining operations around the globe, and the deployment of more powerful computing resources in the industry as miners prepare for the …
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The following is a guest post from John deVadoss, the Co-founder of InterWork Alliance. Act One: From a Crisis, A New Institution Emerges On July 30, 2008, the United States Housing and Economic Recovery Act, intended to address the subprime mortgage crisis (which had precipitated the then ongoing Global Financial Crisis), was formally signed. Two …
Continue reading “Bitcoin, Ethereum, and EigenLayer – A Play in Three Acts”
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country in a significant reversal of its previous stance. The change was announced through a circular on Dec. 22. It allows Nigerian banks and other financial institutions to resume operations with cryptocurrency service providers. The initial ban, imposed in February …
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The U.S. Securities and Exchange Commission (SEC) has slapped BarnBridge DAO (BOND) and its founders with more than $1.7 million worth of penalties for allegedly offering unregistered crypto asset securities. The SEC says BarnBridge, a decentralized finance (DeFi) protocol, marketed and offered a product called “SMART Yield bonds” and compared them to asset-backed securities. A …
The Consumer Financial Protection Bureau (CFPB) says U.S. Bank will pay $35.7 million in fines for freezing tens of thousands of prepaid debit card accounts and making it difficult for people to regain access at the height of the pandemic. The agency says the bank blocked out-of-work Americans from accessing unemployment benefits on their ReliaCard …
The U.S. Securities and Exchange Commission (SEC) has copped to making an inaccurate statement in an ongoing crypto fraud case after being questioned by a judge. In July, the regulator obtained a temporary asset freeze, restraining order and other emergency relief against Digital Licensing Inc., a Utah-based company that was doing business under the name …
Stablecoin issuer Paxos is expanding into the Solana (SOL) network, becoming the first multi-chain platform to be regulated across multiple jurisdictions. In a new press release, the New York-based crypto firm says that after exclusively working with top smart contract platform Ethereum (ETH), it will now be releasing its dollar-pegged crypto asset, Pax Dollar (USDP), …
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Yield farming, a concept born out of the decentralized finance (DeFi) ecosystem, has recently gained popularity. Simply, it refers to deploying idle cryptocurrency assets to generate additional returns or rewards. This innovative approach allows investors and users to maximize profits by participating in various liquidity pools and yield farming protocols. The allure of yield farming …
Former Goldman Sachs executive Raoul Pal is predicting that Ethereum (ETH) will outperform Bitcoin (BTC) in 2024. The Real Vision CEO tells his one million followers on the social media platform X that Ethereum against Bitcoin (ETH/BTC) may repeat a similar 2021 bull market price pattern next year. “For all the ETH bears, in February …
A widely followed crypto trader is warning that Bitcoin (BTC) and other altcoins could soon make an abrupt trend reversal toward new lows. Pseudonymous trader and crypto bear Capo tells his 781,400 followers on the social media platform X that Bitcoin could soon revisit the low $30,000s and bring a sudden market correction to alts …
Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on an Ethereum (ETH) competitor based on price action. Martinez tells his 36,800 followers on the X social media platform that Fantom (FTM) managing to overcome and stay above a key resistance level “marks a significant bullish turn” for the smart contract-enabled blockchain platform’s native …
