The historical on-chain data indicates that high bitcoin demand typically precedes price recoveries and rallies. However, the current market dynamics paint a different picture. Recent reports from CryptoQuant reveal that bitcoin demand has slowed significantly since early April, when the crypto asset was hovering around $70,000. The slow daily growth of bitcoin and the declining
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Opeyemi is not just your average writer. He is deeply engrossed in the world of cryptocurrency, a realm that initially was not his primary interest. However, over the past two years, he has dived headfirst into this digital asset industry and has never looked back. He takes immense pride in his ability to analyze the
Recent bullish predictions surrounding the highly-anticipated Chang upgrade for Cardano have generated significant excitement within the cryptocurrency community. The upgrade is poised to be a pivotal moment for the network, sparking optimism among supporters. In particular, crypto analyst Alan Santana has put forth a bold prediction regarding a substantial rally in the altcoin’s price, possibly
Ripple has recently made waves in the cryptocurrency industry with its announcement of the upcoming launch of a stablecoin named Ripple USD (RLUSD). This new stablecoin is set to be available on both the XRP Ledger (XRPL) and Ethereum platforms, with the aim of bridging the gap between the crypto world and traditional finance. In
Binance, the world’s leading cryptocurrency exchange, has announced that it will be performing wallet maintenance for The Open Network (TON) on August 26. During this maintenance period, TON deposits and withdrawals will be temporarily suspended for approximately two hours. However, it is important to note that trading of the TON token will not be affected
Bitcoin’s price has been volatile in recent days, with bulls currently in control pushing the price above $60,000. However, weekends typically see lower trading volumes, impacting market depth. Lower liquidity during weekends can lead to more significant price movements. For instance, in the past, BTC dropped from above $62,000 to below $57,000 during a weekend.
The DeFi Education Fund and the Blockchain Association recently submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The brief raised significant privacy and security concerns related to the CAT, particularly highlighting the implications for participants in the digital asset market. It argued
The recent transfer of former Binance CEO Changpeng Zhao from FCI Lompoc II to the RRM Long Beach halfway house in California has caused confusion among users who mistakenly believed that he had been released. Despite the change in location, CZ remains incarcerated and is not yet a free man. The RRM Long Beach facility
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC). The SEC alleges that Kraken has been operating an unregistered securities exchange, broker, dealer, and clearing agency, and has illegally facilitated the trading of securities since 2018. Despite Kraken’s
Pi Network is a unique crypto project that was introduced in 2019 with the goal of allowing users to mine and earn digital assets on their mobile devices. Unlike traditional cryptocurrencies that rely on energy-intensive Proof-of-Work (PoW) algorithms, Pi Network utilizes the Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation to be more