Since the post-World War II transition to fiat currency, where money is backed by the government’s value rather than physical commodities like gold, the financial landscape has undergone significant changes. While fiat currency offers flexibility, it has also resulted in governments being able to print money at will, leading to problems like inflation, economic instability,
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Bitcoin has been under significant selling pressure in recent days, with on-chain data indicating that miners have been actively selling off their BTC holdings. According to a post by crypto analyst Ali Martinez, miners have offloaded more than 1,200 BTC in a single day, amounting to roughly $80 million. This increased selling activity by miners
The recent price movements of Bitcoin have left investors on an emotional rollercoaster. Just yesterday, the leading cryptocurrency plunged to $65,000, marking its lowest point in a month. Despite a brief recovery, Bitcoin is still down by 1.5% for the day. The volatility in its price has resulted in over $200 million worth of liquidations
The crypto analyst Sebastian has outlined his belief that Cardano (ADA) has the potential to rise to $3 this year. One of the reasons he mentioned is Cardano’s recent partnership with Argentina. The Cardano Foundation announced a collaboration with Entre Ríos, a central province in Argentina, with the goal of advancing blockchain adoption in the
The New York Attorney General’s (NYAG) office recently announced the successful completion of its settlement with Gemini, resulting in the recovery of $50 million for users affected by the defunct Gemini Earn program. This settlement marks a significant step forward in resolving the legal charges brought against Gemini by the NYAG. As part of the
Asset tokenization, particularly the tokenization of securities, has been recognized by SEC commissioner Mark Uyeda as a technology with significant potential benefits. Uyeda emphasized that representing asset rights through digital tokens on a blockchain can offer enhanced security, transparency, and immutability. Moreover, he highlighted that tokenization eliminates the need for intermediaries, thus simplifying transactions and
Recent data has shown a significant increase in the number of notable withdrawals of Ethereum from centralized exchanges. This trend suggests that crypto whales are expecting a recovery in price, leading to a decrease in the ETH balances on exchanges to their lowest level in years. The uptick in withdrawals has been observed across both
Ethereum is currently facing downward pressure in the market, with a significant drop of approximately 15% from its peak in March 2024. This decline has erased all the gains that were made since May 20. Despite this bearish trend, on-chain data is pointing towards a more optimistic outlook for Ethereum. Analysts have noted a notable
Crypto analyst TechDev has recently provided intriguing insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in the current market cycle, indicating that more price surges are on the horizon for the popular cryptocurrency. In a recent X post, TechDev highlighted that blowoff tops in Bitcoin
The cryptocurrency market has been experiencing a period of sideways movement after facing significant declines earlier in the week. Bitcoin, the leading cryptocurrency, has been struggling to surpass the $67K mark decisively. Despite attempting to break above $68K recently, sellers have been limiting its upward movement. As a result, BTC is currently trading around $67K,
Bitcoin options expiring today have a notional value of $1.35 billion, a relatively smaller event compared to previous weeks. The put/call ratio for today’s contracts stands at 0.49, indicating more long contracts expiring than short ones. The max pain point is $68,500, slightly above the current spot prices. Bulls are dominating BTC derivatives, with significant
Amidst the backdrop of the Web3Fest in Switzerland’s “Crypto Valley,” STORM Partners, a blockchain services provider, made waves with a groundbreaking announcement. Alongside prominent projects like Cardano (ADA), MultiversX, and others, the company introduced “Lightningbox,” a revolutionary Web3 Sandbox that aims to revolutionize the adoption of blockchain technology in Europe. The primary goal of the
The blockchain analytics platform Bubblemaps has raised concerns about possible insider trading in meme coin projects endorsed by influencers such as Andrew Tate and Iggy Azalea. The accusations, outlined in a detailed report on June 12, suggest that insiders may have obtained a significant portion of the token supply at the inception of the DADDY
In a recent episode of the Thinking Crypto podcast, Charles Hoskinson, the founder of Cardano, addressed the swirling rumors regarding a potential partnership with Elon Musk. Hoskinson recounted various attempts made by his team to reach out to Musk’s companies, including offers of free work to address bot-related issues on the platform formerly known as