The recent volatility in the Bitcoin price has sparked discussions among investors and analysts about the future direction of the leading cryptocurrency. Despite the recent dip below $52,000, there are still indicators suggesting a possible continuation of the upward trend. One such indicator is the Fisher Transform, as identified by crypto analyst Tony The Bull.
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In a recent announcement, Coinbase International Exchange revealed that it has reached a significant milestone by hitting $1 billion in daily volume for the first time. This growth is a testament to the increasing demand for crypto perpetual futures trading among professional non-US traders. The exchange, which is based in Bermuda, was established outside of
The recent comments made by Bitcoin millionaire Arthur Hayes on the Cardano network have stirred up controversy within the crypto community. Hayes, known for his role in founding BitMex, has not held back in expressing his disdain for Cardano, comparing it to a “low-quality copy of Ethereum”. His criticism extends to the overall quality of
Bitcoin, the leading cryptocurrency, has seen a remarkable journey over the past few years. Recently, it reached a milestone of $52,000 before encountering a barrier. Despite trading below this significant psychological threshold, the sentiment surrounding Bitcoin remains optimistic. Long-term holders of Bitcoin have been observed to collectively sell about 200,000 BTC from their stash since
Pudgy Penguins recently announced an expansion of their partnership with Walmart, increasing their presence to 3,100 locations across the United States. This marks a significant milestone in their collaboration, as they introduce 1,100 new locations featuring Pudgy Toys and exclusive Walmart collectibles. The brand’s success with their NFT collection inspired the creation of Pudgy Toys,
In a world where online threats are constantly evolving, it has become essential for companies to prioritize security measures to protect their users. MetaMask, a popular cryptocurrency wallet, has recently announced the expansion of its Security Alerts feature, aiming to provide added protection for its Extension and Mobile users across various blockchain networks. This enhancement
Backpack, a crypto exchange founded by former FTX executives, has recently announced its expansion into 11 US states amid the tightening global crypto regulations. This move signifies the company’s dedication to growing its presence in the US market. In a recent announcement on social media, CEO Armani Ferrante expressed the company’s commitment to entering the
Bitcoin is currently experiencing a retracement after rising to as high as $53,000 on February 20. Despite this recent dip, Bitcoin whales seem unfazed and are viewing it as an opportunity to accumulate more of the leading cryptocurrency. Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, shared on social
Recently, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, criticized Binance for allegedly manipulating exchange rates and usurping the role of the Central Bank of Nigeria (CBN). Onanuga claimed that platforms like Binance were causing the devaluation of the national currency and called for a ban on cryptocurrencies in the country. This accusation
In recent years, there has been a noticeable decrease in the amount of Bitcoin stored in exchange wallets, indicating a significant change in investor behavior. This shift has been particularly apparent since mid-March 2020 when over 17% of Bitcoin’s total supply was held on exchanges, a record high at the time. Despite Bitcoin’s 2021 bull
In the fast-paced world of cryptocurrencies, Ethereum has been generating a significant amount of buzz recently. This buzz has only been amplified by Michaël van de Poppe, CEO of MN Trading, who has made a bold prediction about the future of Ethereum. Van de Poppe’s forecast suggests that Ethereum could see a substantial increase in
The VanEck Bitcoin exchange-traded fund (ETF) experienced an unexpected and significant surge in trading volume on Tuesday, reaching over $258 million in daily trading volume. This marked a 14-fold increase within a single day, which was an exceptional development for the ETF. Despite this achievement, VanEck’s ETF still faces challenges in keeping up with the
The recent surge in the Ethereum (ETH) price has sparked celebrations within the crypto community. However, amidst the excitement, renowned Bitcoin ETF expert Fred Krueger has expressed a starkly contrasting opinion. Krueger, a Wall Street veteran and prop trader, took to social media platform X (formerly Twitter) to voice his skepticism about the current valuation
NFTs have become a global sensation, offering a unique way to represent ownership of exclusive items. Sports Illustrated has recently jumped on the NFT bandwagon with their innovative ticketing platform, Box Office. This collaboration with Avalanche, a well-known blockchain network, marks a new era in the ticketing industry. Through the use of blockchain technology, individuals