Ethereum has shown remarkable resilience in the face of the recent market downturn, attracting a significant amount of investor interest. Data reveals that Ethereum has seen $155 million in inflows over the past week, with total year-to-date inflows reaching $862 million, the highest since 2021. This surge in investment can be attributed to the introduction
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Recent data from CoinShares has revealed a significant uptick in investor confidence in the crypto market. The digital asset fund flows weekly report by the asset manager showed that there were $176 million in inflows into digital asset investment products last week. James Butterfill, the head of research at CoinShares, mentioned that this surge in
Coinbase has taken a firm stance against the US Securities and Exchange Commission (SEC) in response to its proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). The exchange’s comment letter, addressed to SEC Secretary Vanessa A. Countryman, highlights significant concerns regarding the potential consequences of such a rule change on the
Recently, Binance announced the delisting of six altcoins from its platform, leading to significant price drops for these assets. This move by the world’s largest cryptocurrency exchange has triggered sharp price crashes in the past due to various reasons such as reduced liquidity and market panic. Binance periodically reviews each digital asset listed on its
An analyst at CryptoQuant has recently pointed out that Ether (ETH) might be on the verge of a rally, based on data from the cryptocurrency’s futures market. The analyst, Shayan, highlighted a significant liquidation event in the ETH market, which historically has been followed by price rallies as spot buying pressure takes over. In recent
In the world of cryptocurrency, Bitcoin remains a dominant force, with analysts constantly making predictions about its future price movements. One such analyst, CryptoCon, has recently highlighted a technical indicator that has accurately predicted local highs for Bitcoin in the current bull run. CryptoCon’s prediction suggests that Bitcoin could reach $109,236, with a potential rise
The Venezuelan government recently imposed restrictions on various websites, including Binance, following controversial presidential election results. Binance, one of the largest crypto exchanges globally, confirmed on August 10 that its website was facing access restrictions in Venezuela. This has raised concerns among users in the country who rely on Binance for peer-to-peer transactions of stablecoins
XRP, the cryptocurrency associated with Ripple, experienced a significant price surge last week after a court ruling in the Ripple v SEC case. The price of XRP skyrocketed by 20% in a single day, reaching nearly $0.64, with its market capitalization exceeding $35 billion. This surge came shortly after a court ruling that required Ripple
Samsung has announced its exciting partnership with Illuvium at Gamescom 2024, with the aim of revolutionizing home entertainment through the integration of Web3 technology. This collaboration will see the Illuvium gaming world directly accessible from living rooms through Samsung’s innovative Web3 TVs, allowing players to immerse themselves in the world of Overworld, Arena, and Zero.
As bitcoin continues its retreat, analysts are closely monitoring the liquidity heatmap to determine potential price movements. The liquidity heatmap, provided by CoinGlass, indicates key first-test lines at around $56,800. If BTC prices bounce off this level, it may test higher ones. However, a weaker bounce could result in further downsides. The liquidation heatmap, on
Atari, a pioneer in the gaming industry, is taking a trip down memory lane with the release of a modernized version of its iconic game Breakout. This updated version of the 1976 classic is now available on the Ethereum layer 2 network Base as part of Coinbase’s “OnChain Summer” promotion. By infusing blockchain technology into
Bitfarms, a Toronto-based Bitcoin mining company, recently reported a total revenue of $42 million for the second quarter of 2024. This figure represents a 16% decline from the previous quarter. The decrease in revenue is largely attributed to the reduction in block rewards following the BTC halving event that took place on April 19, 2024.
Santiment recently released a ranking of the top digital assets based on notable development activity in the last 30 days. Internet Computer (ICP) emerged as the leader with an overall score of 570.1. This is a significant achievement for ICP, considering its market capitalization of almost $3.5 billion. Following closely behind are Hedera (HBAR) and
Bitcoin’s price movements over the weekend have returned to a much calmer state, with the asset remaining relatively stable at just over $61,000. Last weekend saw bears dominating the market, causing the primary cryptocurrency to drop from $66,000 on Friday to $57,000 by Sunday evening. The situation worsened on Monday when the price plunged to
