The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently plummeted to its lowest level in October 2023. This significant decline in the UTXOs metric has coincided with the current downward trend in Bitcoin’s price and the broader crypto market. According to a report by CryptoQuant analyst EgyHash, this could potentially signal the
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In a significant legal development, a federal judge has denied Coinbase’s motion to dismiss a class-action lawsuit filed by shareholders. The lawsuit alleges that the popular US crypto exchange misled investors about the possibility of facing legal action from the US Securities and Exchange Commission (SEC). The plaintiffs, including Sjunde AP-Fonden, Ryan R. Firth, and
In a recent video analysis, renowned crypto analyst Dan Gambardello discussed the potential future of the Cardano (ADA) price in light of the troubling forecasts of a looming US recession. With a massive following of 369,000 on YouTube, Gambardello highlighted the general unease among ADA holders and crypto investors due to the ongoing economic discourse
The ApeCoin ecosystem has recently unveiled a comprehensive Blueprint that outlines its trajectory for future development. This Blueprint focuses on enhancing the blockchain layer that underpins the ecosystem, known as ApeChain, with a keen emphasis on catering to the needs of both developers and users within the ecosystem. The overarching goal is to elevate the
Arthur Hayes, co-founder of BitMEX, recently made a bold prediction regarding the immediate future of Bitcoin’s price. He suggested that the price of Bitcoin could potentially drop below $50k in the coming weekend. Hayes did not provide detailed reasons for his forecast, but his statement coincided with the upcoming release of significant US economic indicators.
One of the predominant narratives shaping the crypto market this year revolves around the actions of large holders, also known as whales. These whales have a significant impact on market prices, causing both fear and excitement among investors. The community has expressed concerns about potential market manipulation by whales during price downturns, yet they are
The hacker behind the massive $235 million theft from WazirX, an Indian crypto exchange, has recently transferred approximately $10 million through sanctioned Tornado Cash. This move was reported by blockchain security firm Cyvers, indicating a troubling trend in the realm of cryptocurrency theft. The hacker has managed to launder $10 million in Ethereum, with deposits
The summer of 2024 has been historically bearish for the Bitcoin price, following the trend of previous years. Since June, Bitcoin’s price has taken a significant hit, dropping from over $70,000 to below $50,000 at one point. However, there may be hope on the horizon as crypto analysts have started to see indications of a
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a diverse set of skills. His background as a web3 content writer, journalist, and aspiring trader showcases his versatility in various fields. Despite facing challenges early on in his crypto journey, such as falling victim to a Ponzi scheme, Edyme persevered and used his
Robinhood’s crypto division recently agreed to pay a $3.9 million fine to settle a California investigation into its past practices. The investigation found that users were prevented from withdrawing their digital assets from 2018 to 2022. This lack of transparency and accessibility raises concerns about the company’s handling of user funds. California Attorney General Rob
X Empire, previously known as Musk Empire Game, is an innovative tap-to-earn crypto game available on Telegram. The game offers players the opportunity to engage in virtual mining to earn rewards in the form of $XEMP tokens. The concept of tap-to-earn combined with cryptocurrency adds an exciting dimension to the gameplay, making it an attractive
Ripple recently announced a new partnership with Yonsei University in South Korea as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the university as the 58th partner to join the initiative, with 12 of them situated in the Asia Pacific region. Yonsei University’s involvement in the program will focus on driving
Bitcoin, the leading cryptocurrency, has been experiencing significant fluctuations in its value recently. The price dropped from $59,076 to $57,127 within a day, signaling instability in the market. This downward trend continued as BTC closed the week at $57,565, failing to gain enough momentum for a bullish reversal. The multiple factors influencing this trajectory are
In recent news, the U.S. Securities and Exchange Commission has imposed additional charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. As a result of its actions, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to investors who suffered harm as a result of