In recent months, the cryptocurrency landscape has reflected an alarming trend characterized by a significant decrease in active participation, particularly concerning Bitcoin and Ethereum. The data shared via CryptoQuant reveals a striking drop in the number of active addresses for these foundational digital assets. Specifically, Bitcoin’s active addresses plummeted by approximately 1.17 million to 855,000,
Japan’s Financial Services Agency (FSA) is undertaking a crucial reassessment of its cryptocurrency regulations. As reported by Bloomberg News, the agency’s review, slated for completion by the winter of 2023, aims to evaluate whether the current framework under the Payments Act is adequately supporting the evolving dynamics of cryptocurrencies. This analysis is particularly significant as
Ethereum, along with its cryptocurrency counterparts, is currently experiencing a downturn, reflecting a broader trend seen across the crypto marketplace. The total market capitalization has dwindled to approximately $2.17 trillion, showcasing a decline of nearly 2%. This downturn is largely attributed to the contraction of Bitcoin and Ethereum, as well as other prominent altcoins. Over
Ethereum (ETH) has found itself at a pivotal crossing point within the cryptocurrency market, characterized by a notable decline of approximately 15% from its peak of $2,729 only last Friday. This sudden shift has left many investors and analysts in a state of frustration and confusion. When the price was surging, there was optimism that
In a transformative move for both Ripple and the financial landscape of the United Arab Emirates (UAE), the company has received in-principle approval from the Dubai Financial Services Authority (DFSA). This monumental endorsement positions Ripple as the inaugural blockchain-based payment service provider licensed by the DFSA, marking a critical advancement in its mission to innovate
As the cryptocurrency market continues to evolve, the technical analysis remains a critical tool for traders and investors trying to navigate this volatile landscape. Veteran trader Peter Brandt has recently drawn attention to a pattern within Bitcoin (BTC) known as the “Three Blind Mice,” prompting discussions regarding its implications for the cryptocurrency’s future. The ambiguity
In a noteworthy development this week, Bitwise Asset Management took a significant step by registering a trust entity named “XRP ETF” in the state of Delaware. This maneuver aligns well with the company’s aim to enhance the appeal of XRP as a viable investment option within the burgeoning field of cryptocurrency. Following this registration, Bitwise
X Empire, the recent contender in the competitive gaming and blockchain sectors, has made headlines with its comprehensive announcement regarding its airdrop strategy and an engaging new phase for players. As the project gears up for its token distribution, the gaming community is poised to reap the rewards of their contributions to the development and
In a noteworthy development for the cryptocurrency landscape, asset manager Bitwise has filed for an XRP exchange-traded fund (ETF) in Delaware. This filing represents an essential pivot toward institutional investment in XRP, the digital asset associated with Ripple. The news was reported by Fox Business correspondent Eleanor Terrett, who pointed out the registration of an
As the much-anticipated month of Uptober unfolds, the cryptocurrency market is witnessing a surge of optimism regarding Bitcoin’s future. Analysts are pointing towards several indicators suggesting that Bitcoin could reach unprecedented heights by the end of the Fourth Quarter (Q4) in 2024. A deeper dive into recent trends and expert analyses reveals a complex interplay