Chinese Bitcoin miners have recently turned their attention towards Ethiopia as a strategic move to capitalize on cheap energy and favorable climates. Following regulatory restrictions in China, local Bitcoin miners have been actively seeking locations that offer affordable electricity and friendly regulations. Ethiopia, with its low electricity costs and an increasingly receptive government, presents a
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Cardano, a popular cryptocurrency, has witnessed a modest gain of 3.76% in the past seven days. This surge in price has sparked optimism among investors, who are now eyeing the $0.55 level as a defining point for its short-term trajectory. With an increasing number of buy orders and a shortage of sellers, Cardano seems poised
Over the past 24 hours, Bitcoin has continued its positive price performance by surging above $48,000 and reaching a new monthly peak. This is a significant milestone for the cryptocurrency, and it indicates a potential uptrend in the market. However, it is important to analyze the factors that led to this increase and understand the
Bitcoin (BTC) has continued its upward trajectory, experiencing a 4.04% gain and briefly surpassing the $48,000 mark, according to data from CoinMarketCap. However, analysts and investors remain speculative about the future of Bitcoin as it currently hovers around the $47,100 price zone. Notably, renowned analyst Ali Martinez has made a significant prediction that could lead
The options market for Ethereum (ETH) has revealed an interesting and noteworthy pattern. Deribit, a leading platform for crypto futures and options trading, has reported a significant concentration of call options around the $4,000 strike price for both the June and September expiries. This indicates a concentrated expectation among traders that the price of Ethereum
Cardano, the cryptocurrency token, has recently caught the attention of Dan Gambardello, the founder of Crypto Capital Venture. In a detailed analysis, Gambardello has presented a bullish narrative for Cardano, claiming that it has the potential to be one of the best-performing coins in the next bull run. While acknowledging the current downtrend of ADA
The New York Attorney General’s Office (NYAG) has recently escalated its fraud claims against Digital Currency Group (DCG) and related parties, further unveiling a scandal that has shocked the crypto community. Initially asserting losses of over $1 billion, the lawsuit has now been amended to include an additional $2 billion, bringing the total alleged losses
As the Cardano price continues to climb, another green crypto project is gaining attention in the market: eTukTuk. While Cardano promises near-term gains for investors, eTukTuk focuses on sustainable transportation in developing nations using electric vehicles and blockchain technology. This article explores the potential of eTukTuk and its mission to revolutionize urban transportation. The Cardano
During her recent testimony before the Senate Banking, Housing, and Urban Affairs Committee on February 8th, Treasury Secretary Janet Yellen called for the implementation of stricter regulatory measures for cryptocurrencies. Yellen highlighted the increasing complexity and potential risks within the digital asset sector, emphasizing the need for transparent regulatory frameworks to protect against market manipulation
Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have joined forces to issue a public warning regarding an entity posing as a legitimate crypto exchange called MEXC Global. This fraudulent organization is disguising itself as a virtual asset trading platform and enticing unsuspecting victims into participating in a crypto investment scam. As
As the cryptocurrency market experiences a widespread rally, investors are searching for the best crypto to buy today, especially those with an appetite for higher risk. While Bitcoin (BTC) continues to dominate the market, smaller-cap altcoins offer the potential for faster gains. In this article, we will explore some of the best-performing cryptocurrencies and assess
In a surprising move, Smog Token (SMOG) has announced its transition to a multi-chain ecosystem using Wormhole. This development comes just 24 hours after an impressive launch that saw the SMOG price skyrocket by 134%. With the Chinese New Year approaching, this shift is expected to further enhance the token’s growth and expand its reach
The recent success of the Dymension Network’s airdrop has caught the attention of the crypto community. More than 70 million DYM tokens, valued at $400 million, were distributed to current holders. However, technical issues with the Dymension mainnet created some challenges for the token launch. Despite these difficulties, market sentiment remains bullish on DYM price.
The excitement surrounding the spot Bitcoin exchange-traded fund (ETF) has led to a significant increase in total assets under custodial accounts. According to a recent report by Bitget, these accounts have experienced a staggering 250% growth over the past four months. This surge can be attributed to several factors, including the overall performance of the