The cryptocurrency market is known for its volatility and unpredictability, with analysts constantly providing contrasting opinions on the future price movements of cryptocurrencies like Bitcoin. Recently, two prominent crypto analysts, identified as ‘Mags’ and ‘Milkybull Crypto,’ have shared their divergent views on Bitcoin’s potential trajectory. While ‘Mags’ warns of a bearish death cross signaling short-term
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In a recent landmark ruling by a United Arab Emirates court, cryptocurrencies have been officially recognized as a mode of salary payment in employment contracts. This decision marks a significant shift in how cryptocurrencies are viewed and utilized in the UAE job market. The case involved a plaintiff suing their former employer for wrongful termination
The crypto market has recently seen a significant increase in the trading volume of Cardano (ADA), the 11th largest cryptocurrency by market capitalization. According to data from CoinGlass, there has been a 150% surge in trading volume over the last 24 hours, totaling around $477 million. This increase is also reflected in CoinGecko’s data, which
Cryptocurrency has long been considered a complex and somewhat inaccessible form of currency for everyday purchases. However, a recent partnership between MetaMask, Mastercard, and Baanx has taken a significant step towards changing that perception with the launch of the MetaMask Card. This innovative new product aims to make cryptocurrencies more user-friendly by allowing users to
According to a recent report by Bitwise, U.S.-based institutional investors are showing strong support for Bitcoin spot ETFs, with approximately 66% either maintaining or increasing their holdings. This trend is particularly noteworthy given the market volatility and declining prices experienced in the second quarter of the year. Growing Number of Filings Bitwise’s chief investment officer,
Sahil Arora, a well-known figure in the crypto industry, has recently come under scrutiny for his controversial practices. While initial reports suggested that Arora had made an impressive $30 million this year, further investigation by blockchain expert ZachXBT revealed a much lower figure of approximately $3 million. This significant difference raises questions about the accuracy
Bitcoin experienced a 2.5% drop on Wednesday, settling at $59,100, following the U.S. government’s decision to transfer more of its Silk Road-related Bitcoin holdings to Coinbase Prime. This move was highlighted by the on-chain analysis platform Arkham Intelligence, which pointed out that 10,000 BTC, valued at $593 million, had been relocated. The specific wallet, bc1ql,
The Bitcoin price continues to trade sideways, with uncertainties looming on the macro side leaving investors indecisive about their next move. Analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory, suggesting that the crypto could drop to as low as $48,000. Van de Poppe mentioned in a social media post that Bitcoin
Ethereum has faced significant challenges in recent weeks due to the bearish pressure in the crypto market. The ETH price has experienced multiple crashes, bringing it back down towards $2,000 and dashing hopes for a new all-time high in the third quarter. Despite this decline, there is hope on the horizon, as crypto analyst RLinda
With the mainstream acceptance of Bitcoin, institutions and governments have significantly increased their holdings of the cryptocurrency. This trend has led to a shift in the top holder list, with large institutions now dominating the market. Notably, the top Bitcoin wallets no longer include any private holders, other than the mysterious Bitcoin creator, Satoshi Nakamoto.
In the ever-evolving landscape of cyber threats, a concerning trend has emerged regarding stolen funds and ransomware. Despite an overall decrease in illicit transactions, the amount of stolen funds in crypto scams has seen a significant uptick from $857 million to $1.58 billion by late July. Similarly, ransomware payments have also grown, with mid-year 2023
Last night, prominent Democrats, including Senate Majority Leader Chuck Schumer, gathered at a Crypto4Harris event to express their unwavering support for crypto regulation. Schumer emphasized the need for regulatory clarity and bipartisan collaboration to shape the future of the industry. He highlighted Congress’s responsibility to enact sound regulations for crypto and bring both sides of
Following the recent $235 million hack targeting Indian crypto exchange WazirX, the company has decided to terminate its asset custody arrangement with Liminal. In an effort to bolster the security of its remaining assets post-breach, WazirX has shifted its assets from Liminal to new multi-signature wallets. This move is crucial to safeguarding the assets, as
Metaplanet has recently made a significant investment in bitcoin, purchasing around $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With this latest acquisition, Metaplanet now holds a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. secured