HodlX Guest Post Submit Your Post Despite years of development, the cryptocurrency market remains the Wild West of finance – an unpredictable arena where fortunes can be made or lost in the blink of an eye. And seeing as a great portion of the activities with digital assets take place on crypto exchanges, they are …
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Onchain Highlights DEFINITION: The number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted. The number of active Bitcoin addresses in 2024 has shown significant volatility. After rising steadily following the lead-up to the halving event in April, activity …
Onchain Highlights DEFINITION: The total amount of coins held on exchange addresses. Ethereum (ETH) balance on exchanges has seen a notable decline throughout 2024. Starting the year with 14 million ETH, the exchange reserves gradually decreased, dipping below 12.5 million in late June and reaching a low of around 11.7 million ETH by early August. …
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DeFi and social dApps saw a notable rise in daily unique active wallets (dUAW) in August, as the overall dApp industry hit a record 17 million average dUAWs, up 9% from the previous month, according to a DappRadar report. DeFi Decentralized exchanges Raydium and Uniswap v2 had 18.8 million and 4.8 million monthly unique active …
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PixelRealm, a Web3 gaming ecosystem, has partnered with Neon EVM to enable Ethereum-based games on Solana without the necessity of recoding. This means that developers can deploy existing Ethereum codebases on Solana, reducing development time and costs. The partnership comes as blockchain gaming sees renewed interest, with nearly $580 million invested in 2024, according to …
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Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any …
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The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of …
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India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial …
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Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered full restitution and penalties, enabling the Attorney …
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The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached a ‘significant impact’ or elevated transactional volumes. Financial Task Force of …
A veteran trader who accurately predicted the May 2021 crypto collapse believes that Bitcoin (BTC) is on the verge of a massive breakout. Pseudonymous trader Dave the Wave shares a chart with his 146,400 followers on the social media platform X that shows Bitcoin may be forming a similar pattern from the last cycle right …
Este artículo también está disponible en español. Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its price does not hold this key support level. Bitcoin …
Este artículo también está disponible en español. Solana (SOL), one of the leading cryptocurrencies by market cap, has recently shown signs of a potential price recovery after a bearish performance in August. The asset, which experienced nearly a 10% decline in the past week, has started to regain momentum as it entered September. Solana has …
Continue reading “Analysts Predict Solana’s Surge: $233 Target In Sight As Breakpoint Approaches”
Este artículo también está disponible en español. A Kamala Harris-inspired memecoin recently jumped over 10% after the US Vice President received public endorsement from Vladimir Putin. The Russian president expressed his support for the Democratic candidate on Thursday, fueling a surge in the PolitiFi token’s activity. Related Reading Putin Endorses Kamala Harris’ Campaign As the …
Continue reading “KAMA Memecoin Soars 10% Following Putin’s Endorsement Of Kamala Harris”
Este artículo también está disponible en español. Ethereum is trading near its yearly low of $2,400 after an 18% drop from local highs. ETH has notably underperformed compared to Bitcoin and other altcoins like Solana this cycle, leading to investor concerns. Related Reading One of the key reasons for this underperformance is the lack of …
Continue reading “Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?”
