In recent days, as bitcoin edged past the $60,000 mark after dipping below $50,000 on Monday, Aug. 5, a couple of intriguing dormant bitcoin transfers have surfaced from wallets established in 2013. The first case involved an individual who moved 250 BTC—worth just over $15 million—from a long-inactive address created on May 12, 2013. In …
Continue reading “Over a Dozen 11-Year-Old Bitcoin Wallets Awaken, Transferring Millions”
Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the next few days, with all users’ portfolio balances on the platform being restored to their July 18 post-hack levels. Wazirx to Reverse Trades Following Withdrawal …
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QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising concerns about its current market standing. QCP Capital Reports Bitcoin’s Resilience Amid Volatility; Ethereum Faces Liquidity …
Continue reading “QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles”
Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping by 86.34% and sellers by 77.25%. NFT Market Sees 6.29% Growth This past week, …
Continue reading “NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks”
While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin said while bridges are poised to play an increasingly critical role in blockchain interoperability, their control by a small number of validators poses …
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Nvidia’s shrinking market cap could signal a shift in the generative AI developer’s market.
A closely followed crypto analyst is warning of a Bitcoin (BTC) collapse if it fails to hold one key support level. In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that Bitcoin’s bull market could be invalidated if it falls more than 27% from the current value on the weekly …
A major expectations gap exists between what older generations plan to hand down and what younger generations expect to receive in the $90 trillion great wealth transfer, according to a new survey. In the case of Millennials, the financial services giant Northwestern Mutual found 32% of the generation born between 1981 and 1996 expects to …
Venture capitalist and investor Chris Burniske believes that the crypto market is setting up for a massive bull run. A partner at digital asset venture firm Placeholder tells his 297,500 followers on the social media platform X that he believes crypto is gearing up for a big upside burst after this week’s marketwide correction, buoyed …
This lawsuit comes amid the Nigerian government’s increasingly hostile stance toward cryptocurrencies.
Macro guru and Real Vision CEO Raoul Pal is highlighting one smart contract-enabled blockchain token that he believes has potential. Pal tells his one million followers on the social media platform X that the native token of the layer-1 blockchain Sui (SUI) is “starting to look very interesting from a price perspective.” “…I’m looking at …
Crypto trader Kevin Svenson believes Bitcoin (BTC) is headed close to $100,000 following this week’s marketwide tumble. Svenson tells his 79,000 YouTube subscribers that Bitcoin has formed a bullish divergence pattern on the daily chart. A bullish divergence occurs when the price of an asset is trading down or sideways while an oscillator such as …
HodlX Guest Post Submit Your Post Web 3.0, the third iteration of the internet, came into the technology limelight with a unique offering – decentralization and user control. For decades, the internet has assumed a typical hierarchy, with centralized infrastructure providers at the top of the food chain, and users at the lowest ladder rung. …
Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. Bitcoin’s Spent Output Profit Ratio (SOPR) has displayed marked fluctuations throughout 2024. The SOPR has consistently hovered near or …
The City of Santa Monica has officially launched a Bitcoin Office to enhance education and explore economic opportunities related to Bitcoin, further positioning itself as a leader in crypto innovation. The initiative, approved unanimously by the Santa Monica City Council on July 11, was introduced to the public with the launch of its official webpage …
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