The recent surge in Bitcoin price has been attributed to the accumulation by large whales and shark investors. While whales hold hundreds of millions of dollars worth of BTC, sharks are addresses holding between 100 BTC and 1,000 BTC. According to Glassnode data, shark wallet addresses have accumulated 268,441 BTC in the past 30 days,
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In recent days, the Bitcoin price has seen a significant uptick, sparking enthusiasm among investors and drawing comparisons to the positivity associated with Holy Week in the Christian faith. This surge in the price of Bitcoin has not been isolated, as other major cryptocurrencies have also experienced notable gains over the past week. The renewed
Bitcoin investors have recently experienced a significant increase in profits, with the crypto asset surging by 9.34% to trade above $71,000. This substantial uptick in price has left many individuals in the BTC market eagerly anticipating potential large gains in the current bull cycle. However, according to Bitwise CEO Hunter Horsley, the impending halving event
Tigran Gambaryan, a high-ranking official at Binance, has recently found himself entangled in a legal battle with the Office of the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. In a Fundamental Rights suit, Gambaryan, who holds American citizenship, has accused Nigerian authorities of wrongfully detaining him. The detainment
Cardano (ADA), the proof-of-stake blockchain platform, has been at the forefront of technological advancements, as confirmed by Input Output Hong Kong (IOHK). The recent announcement by IOHK sheds light on the significant strides made in improving different aspects of the Cardano platform. One notable area of improvement is within the ledger team, which has made
In a recent report, Kerrisdale Capital has taken a strong stance against the overvaluation of MicroStrategy’s shares. They argue that the premium at which the shares are trading, representing over two and a half times the spot price of Bitcoin, is unwarranted. According to Kerrisdale Capital, for MicroStrategy’s shares to be justified at their current
CFTC Commissioner Caroline Pham recently expressed concerns that the charges brought against KuCoin by her agency could be encroaching on the responsibilities of the SEC. While she commended the Division of Enforcement for taking decisive action, she pointed out a crucial flaw in the allegations. Pham highlighted the distinction between investments in funds, typically classified
The recent outflows from the Grayscale Bitcoin ETF caused a significant stir in the market, resulting in a sharp decline in the value of BTC. However, as a new week dawns, there seems to be a shift in sentiment among investors, with a renewed sense of optimism towards Bitcoin. This shift is reflected in the
In response to the devastating earthquakes that struck Turkey on February 6, the Binance Women in Technology Academy has pivoted its focus to Hatay, a southern province significantly impacted by the disaster. The Academy conducted a comprehensive two-day program on March 26-27 in Hatay’s Antakya district, with the goal of empowering young female university students
The recent closure of the Binance-linked HKVAEX exchange has raised eyebrows in the cryptocurrency community. The exchange, operating under the name BX Services Ltd, made headlines when it formally withdrew its application for an operational license in Hong Kong on March 28th. This decision came just three months after the initial application with the Securities
Ethereum has been holding steady above the $3,500 price level, with investors eagerly anticipating a return to the $4,000 mark. The recent surge in open interest on Ethereum futures has added to the optimism surrounding the cryptocurrency. While open interest is typically viewed as a bullish sentiment indicator, it can also signal a potential shift
Bitcoin (BTC) has recently surpassed the $70,000 mark, sparking speculation about a potential surge in the near future. Analyst Ali Martinez has identified a bull flag pattern on Bitcoin’s 4-hour chart, suggesting a consolidation phase with a slight downward trend. Despite a recent dip below $61,000, Bitcoin rebounded into the $67,000-$70,000 range, reinforcing the validity
The hacker behind the $11.6 million theft from Prisma Finance’s decentralized finance (DeFi) protocol has claimed that the exploit was a “whitehat rescue.” This term refers to the actions of a hacker who uses their skills to identify security vulnerabilities in software code. The attacker reached out via on-chain messages, expressing a desire to return
Parallel, the groundbreaking sci-fi NFT card game, recently concluded a successful funding round, securing an impressive $35 million from a diverse group of investors. The game, which harnesses the power of the Ethereum blockchain and Base layer-2 chain, disclosed this significant development in a post dated March 28th. The investment round garnered support from various