In recent times, Bitcoin ETFs have been experiencing a period of significant growth. The last trading week alone saw an impressive $500 million allocated to the largest US-based products. Despite a rough start at the beginning of the month, where over $550 million was lost in just three days, Bitcoin ETFs have managed to bounce
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Recent metrics indicate that Ethereum (ETH) may have already hit its bottom, paving the way for a potential surge towards a new all-time high (ATH) beyond the current ATH of $4,800. The market value to realized value (MVRV) lowest pricing level for Ethereum is at $1,687, signaling that the crypto token may have bottomed out.
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes pleaded guilty to one count of embezzlement by a bank officer, admitting to executing 11 unauthorized wire transfers to a cryptocurrency wallet between May and July 2023.
The recent statements from Federal Reserve Chairman, Jerome Powell, at the Jackson Hole, Wyoming meeting have sent signals to the market that interest rate cuts are on the horizon. The current benchmark rate in the US for overnight money market loans is ranging between 5.25% and 5.5%. Powell’s endorsement of rate cuts indicates a shift
A recent video chart analysis conducted by crypto analyst @XForceGlobal has brought attention to Cardano (ADA), a cryptocurrency that has been referred to as a “dinosaur coin” by many in the crypto community. The analysis focused on Cardano’s current position within the Elliott Wave cycle, suggesting a potential for a strong upward phase, known as
The US Securities and Exchange Commission (SEC) has filed an opposition brief in response to Hex founder Richard Heart’s attempt to dismiss the $1 billion securities fraud lawsuit. The SEC argued that Heart’s motion failed to address the well-supported allegations in the complaint and disregarded relevant legal standards. Despite Heart’s argument that the regulator lacks
As the cryptocurrency market grapples with a period of uncertainty and price volatility, all eyes are on the highly-anticipated Genesis upgrade for the Ethereum network. Set to take place in the first quarter of 2025, this major update has garnered significant attention from bullish analysts who believe it could be the driving force behind Ethereum’s
The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork is set to launch soon. Intersect, a member-based organization for the Cardano ecosystem, has provided detailed updates on the upcoming upgrade. The organization has revealed key dates for the Chang hard fork launch, indicating that preparations are almost complete. The
The recent arrest of Pavel Durov in France has sparked a wave of support from various celebrities and well-known public figures. Among those who have voiced their solidarity with Durov include Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. CryptoPotato’s Report According to a report by CryptoPotato, Durov was arrested in France over
Bitcoin plummeted below the $50,000 mark on August 5th, causing a ripple effect in the cryptocurrency market. This sudden drop caught many investors off guard, leading to a domino effect that affected other popular altcoins as well. As a result, Bitcoin hit its lowest price point in six months, leaving short-term holders facing significant losses.
Cardano recently announced that the highly anticipated Chang hardfork will be delayed until September 1, 2024. This decision was made to allow platforms like Binance more time to prepare for the upgrade. According to Charles Hoskinson, the delay is necessary to ensure a smooth transition and to give all stakeholders ample time to make the
Samuel Edyme, better known by his nickname HIM-buktu, is a multifaceted individual in the world of web3 content creation. His journey into the crypto universe is one filled with twists and turns, starting from a Ponzi scheme that initially drew him in. Instead of succumbing to the scam, Edyme emerged stronger and more determined, leveraging
Bitcoin experienced a notable surge of over 6% in price after Federal Reserve Chairman Jerome Powell hinted at a potential 25bps rate cut at the upcoming meeting on September 18. This unexpected news has added to Bitcoin’s recent volatility, with prices fluctuating unpredictably in recent weeks. Despite the market’s turbulence, on-chain data from CryptoQuant is
Cryptocurrency exchange WazirX is currently facing challenges in its restructuring process as external parties not invested in the platform may try to prolong the process for their own gains. These parties are aiming to create and maintain uncertainty rather than find a resolution, leading to delays in resolving the situation. WazirX announced a comprehensive restructuring