Despite the recent market crash on August 5th that saw Ethereum drop to as low as $2,200, it seems that the worst may be over for the second-largest cryptocurrency by market cap. According to data from the onchain analytics platform Glassnode, Ethereum’s market value to realized value (MVRV) lowest pricing level is currently at $1,687,
The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork is on the horizon. With the upcoming upgrade, ADA, the native token of the Cardano ecosystem, has seen a massive surge of over 52% in this key metric. Members of the community-based organization Intersect have been actively sharing detailed updates
The US Securities and Exchange Commission (SEC) recently opposed Richard Heart’s motion to dismiss a $1 billion securities fraud lawsuit, underscoring its jurisdiction over the case. The SEC argued in a brief filed in a New York federal court that Heart’s attempt to dismiss the lawsuit failed to address key allegations and disregarded pertinent legal
Bitcoin experienced a significant surge of over 6% in its value yesterday after Federal Reserve Chairman Jerome Powell hinted at a potential 25bps rate cut at the upcoming meeting on September 18. This unexpected news has added to Bitcoin’s recent volatility, with prices fluctuating unpredictably in recent weeks. Despite the market’s unpredictability, crucial on-chain data
Samuel Edyme, commonly known as HIM-buktu, is a multifaceted individual with a diverse skill set. He is a web3 content writer, journalist, and an aspiring trader. His ability to play with words and his keen eye for emerging trends have landed him opportunities to contribute to various industry-leading platforms such as AMBCrypto, Blockchain.News, and Blockchain
The cryptocurrency market has been experiencing a period of uncertainty marked by price stagnation and volatility. However, all eyes are now on the highly anticipated Pectra upgrade for the Ethereum (ETH) network, scheduled for the first quarter of 2025. This major upgrade is generating significant excitement among bullish analysts who believe it could be the
The recent arrest of Pavel Durov, the CEO of the popular messaging app Telegram, has sparked a wave of support from various celebrities and public figures. Notable names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have spoken out in defense of Durov following his controversial arrest in France. The outpouring
Bitcoin’s plunge below $50,000 on August 5 sent shockwaves through the crypto market, leading to a cascade effect on other cryptocurrencies as well. The sudden drop caught many investors off guard, resulting in Bitcoin hitting its lowest price in six months. While the price has since bounced back by 20%, hovering around the $60,000 mark,
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was sentenced to 293 months in federal prison for orchestrating a $47.1 million embezzlement scheme involving cryptocurrency fraud. Hanes executed 11 unauthorized wire transfers, diverting millions of dollars from the bank’s funds to a cryptocurrency wallet in a fraudulent investment scheme known as “pig butchering.”
Indian cryptocurrency exchange WazirX has raised concerns about external parties who are not invested in the platform attempting to prolong its restructuring process for their own gains. These parties, as per WazirX, are aiming to create and sustain “uncertainty” rather than seeking a resolution. This revelation comes in the aftermath of a significant security breach