In the rapidly evolving world of cryptocurrencies, evaluating the ecosystem’s health is crucial for both investors and developers. One of the most telling metrics in this landscape is the number of daily active addresses on various blockchain networks. This figure offers a window into user engagement and can indicate trends in adoption across multiple crypto
Crypto
Recent developments in the cryptocurrency market have revealed a significant uptick in investor interest in spot Bitcoin Exchange-Traded Funds (ETFs). Throughout the last trading week, US-based spot Bitcoin ETFs saw a remarkable influx of over $1 billion. This surge in capital signals not just a recovery in market sentiment but also a renewed confidence in
Bitcoin’s recent movements in the cryptocurrency market have garnered considerable attention as it surpasses significant resistance levels. Recently, the cryptocurrency managed to break above the $64,000 mark, an important milestone that aligns closely with the 200-day moving average. This intersection not only signifies a crucial technical breakout but also suggests a potential shift in market
In the dynamic world of cryptocurrency, Bitcoin has recently experienced a notable surge, significantly influenced by the latest US inflation data. After dipping for some time, Bitcoin’s price bounced back, climbing above $66,500—marking its highest point in nearly two months. The initial part of the week saw Bitcoin setting a steady pace, bolstered by a
In a robust response to mounting cybercrime incidents linked to Russian entities, U.S. authorities have taken significant action against Sergey Sergeevich Ivanov and Timur Shakhmametov. These Russian nationals stand accused of operating sophisticated cryptocurrency laundering services integrating with the broader tapestry of Russian cybercriminal activities. This multi-faceted operation has drawn attention not only for the
The intersection of cryptocurrency and politics has become a focus as digital asset advocacy groups like Stand With Crypto attempt to gauge and influence political sentiment towards the burgeoning industry. Recently, the group found itself in hot water after changing its rating of Democratic presidential candidate Kamala Harris, illustrating the complexities and controversies that pervade
Ethereum (ETH), widely regarded as the second most important cryptocurrency after Bitcoin, is continually reshaping itself in response to the ever-changing landscape of digital finance. A recent analysis conducted by CoinShares underscores the significance of two primary sectors—marketplaces and stablecoins—in influencing Ethereum’s current and future trajectory. As these components occupy a sizable chunk of Ethereum’s
Shiba Inu (SHIB) has been a standout player in the cryptocurrency market over the past week, witnessing an impressive price increase of 35%. This surge has propelled its market capitalization beyond $11.5 billion, earning it the title of the 14th largest cryptocurrency and reaffirming its status as the second-largest meme coin, still trailing behind the
The upcoming trial of Roman Storm, a prominent figure in the decentralized finance (DeFi) space and co-founder of Tornado Cash, is set to bring significant scrutiny to the intersection of cryptocurrency and law. Scheduled to commence on December 2 in New York, Storm faces a host of charges including money laundering, which has ignited debates
In a significant turn of events, a Singapore court has granted a four-month moratorium to the Indian cryptocurrency exchange WazirX, allowing the company some much-needed breathing space as it addresses its financial woes following a catastrophic hack. This temporary relief comes on the heels of a staggering $234 million loss experienced by WazirX, which deeply