Despite certain Bitcoin fundamentals pointing to a sustained upward movement, the recent price decline of the flagship crypto token has left many investors puzzled. Data from the on-chain analysis platform CryptoQuant highlights that the supply of Bitcoin on exchanges has decreased by nearly 40% in the past four years. This reduction in supply ahead of
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Recently, XRP experienced a significant spike in price, reaching a new all-time high of $74 on the cryptocurrency platform Atlantis Exchange. However, this spike was quickly revealed to be a glitch and not a true reflection of the token’s value. This comes shortly after Atlantis Exchange introduced trading services with XRP, touting the token’s potential
Bitcoin has recently experienced a significant decline in value, dropping from over $73,600 to under $60,800 in a short period. This -17% loss has sparked discussions among crypto experts on social media platforms like X (formerly Twitter), who are trying to pinpoint the reasons for this downturn. Alex Krüger, a prominent figure in both macroeconomics
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) regarding the legal status of XRP has been a long and arduous one, with the trial scheduled to take place on April 23. This trial is expected to be the final chapter in the dispute that began in December 2020 when
The recent regulatory filings have shown that the US SEC has decided to delay the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs). This has impacted proposals from various investment firms such as VanEck, Ark Invest, Hashdex, and Grayscale. Notably, Grayscale has added a staking component to its ETH ETF application alongside Fidelity.
A recent development in Nigeria has seen the Federal High Court issuing a directive to Binance, the largest cryptocurrency exchange in the world, to provide detailed information on all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC). This move comes as part of the ongoing investigations into the alleged
The growing popularity and widespread adoption of non-fungible tokens (NFTs) have created a demand for constant innovation and improvement in the technology behind them. One such advancement is the ERC-7231 token standard, which aims to revolutionize NFTs by introducing new features and capabilities. ERC-7231 is an extension of the widely used ERC-721 token standard, which
The recent surge of the Kermit (KERMIT) coin, with a massive 600x increase in just 24 hours, has caught the attention of many investors. However, the price analysis suggests that there may be a better investment opportunity in the form of a new dog-themed coin, Dogecoin20. The Kermit token, being a part of the Solana
The UK Financial Conduct Authority (FCA) recently made an announcement regarding its intention to recover approximately $8 million in costs associated with the supervision of stablecoins and cryptocurrencies. The funds, totaling £6.4 million, will be obtained through fees imposed on stablecoin issuers and digital asset custodians. This move by the regulator is primarily to cover
The world of meme coins is a wild ride, with FLOKI and SPONGE showcasing starkly different trajectories. FLOKI, currently reeling from an 18% drop in the last 24 hours, is trading at $0.0001736, making it the sixth largest meme coin with a market capitalization of $1.6 billion. Named after a Shiba Inu belonging to Elon
In the volatile world of cryptocurrencies, AVAX stands out as one of the most resilient leading coins. Over the last week, AVAX has managed to hold onto more gains than any other top fifty cryptocurrency despite a market-wide pullback. While the current price of $57.73 represents a 5.2% decrease from its value 24 hours ago,
The Government Pension Investment Fund (GPIF) of Japan, the world’s largest pension fund with assets totaling $1.5 trillion, recently announced its initiative to explore diversification opportunities that include Bitcoin. This exploration signifies a potential monumental pivot in the investment strategy of a fund traditionally associated with more conservative asset classes. The fund is in the
The once skyrocketing price of Bitcoin has taken a dramatic nosedive, losing a hefty ten thousand dollars since its peak last Thursday when it reached close to $74,000. This sharp decline has impacted the entire cryptocurrency market, with alternative coins also bleeding out heavily. The total crypto market cap has plummeted to under $2.5 trillion,
Recently, BitMEX, a popular cryptocurrency exchange, launched an investigation into an abnormal incident involving a user selling large orders on its Bitcoin spot market. The rogue seller managed to unload over 400 BTC on the platform, causing the price of Bitcoin to plummet by 87% to as low as $8900 before stabilizing. The drastic drop