The cryptocurrency realm is often rife with speculation, particularly when movements from notable wallets raise eyebrows. Recently, the crypto community’s attention has turned to a wallet associated with the defunct FTX exchange and its sibling entity, Alameda Research. This wallet has redeemed an impressive 177,693 Solana (SOL) tokens, approximately valued at $23.75 million, from the
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The cryptocurrency market has been undergoing significant regulatory changes, particularly in the United States, as authorities strive to create a framework that protects investors while fostering innovation. eToro, a prominent financial services company, is now navigating these turbulent waters. In a recent pronouncement from the Securities and Exchange Commission (SEC), eToro has been directed to
Coinbase, the premier cryptocurrency exchange in the United States, has taken a significant step forward by launching its Wrapped Bitcoin product, known as cbBTC. As it goes live on both the Base and Ethereum blockchain networks, this venture marks a pivotal advancement for Bitcoin holders looking to explore decentralized finance (DeFi) offerings. With its introduction,
Over the past two weeks, bitcoin has experienced a market correction of approximately 11% along with wild and volatile price swings. Despite a brief rebound to $58,000, the leading crypto asset still has a considerable distance to cover before reaching its all-time high levels. Recent on-chain data from Santiment indicates that wallets holding less than
Recently, Nubank, a prominent fintech bank, made the controversial decision to suspend trading for its cryptocurrency, Nucoin. This announcement came amidst concerns about the bank’s financial stability. In a blog post on September 10, Nubank revealed that Nucoin would no longer be available for purchase or sale within its app. Instead, it would function solely
In a recent analysis, ITC Crypto founder and CEO Benjamin Cowen pointed out a wedge chart pattern in the current cycle of Ethereum that is reminiscent of patterns seen in previous cycles, albeit on a much larger scale. He highlighted the ETH/BTC structure bottoming out after an interest rate cut in 2019 and suggested that
Bitcoin’s recent surge from $53,600 to just over $58,000 has caught the attention of many investors. This increase in price coincided with a change in the trend of US spot Bitcoin ETFs. The ETFs experienced almost $900 million in net outflows in recent weeks, causing a drop in Bitcoin’s price. However, on Monday, investors broke
Bitcoin (BTC) faced a significant price drop over the weekend due to the release of August nonfarm payrolls (NFP) data that did not meet analysts’ expectations. The cryptocurrency saw a sharp decline of almost 5% after the NFP data release, dropping below the $54,000 range, which was its lowest level since early August. This price
The United States Federal Bureau of Investigation (FBI) recently released a paper warning the public about the increasing threat of “aggressive” attacks by North Korean hackers targeting the cryptocurrency industry and companies associated with digital asset investment products. These attacks are primarily carried out through sophisticated social engineering tactics that are difficult to detect, even
Ethereum underwent a significant transition known as the Merge two years ago, moving from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. Since then, the performance of Ethereum relative to Bitcoin has been on a downward spiral. This article seeks to analyze the major drivers of Ethereum’s underperformance, including inflationary supply dynamics and weaker