When Ethereum transitioned from a Proof-of-Work to a Proof-of-Stake consensus mechanism in 2022, it was expected to usher in a new era of performance and value. However, two years after the Merge, Ethereum has faced significant challenges in maintaining its position relative to Bitcoin. One of the major reasons behind Ethereum’s underperformance is the inflationary
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Bitcoin’s market price has recently fallen to its lowest point since the early August massacre, dipping below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US. The cryptocurrency had previously rebounded from similar crashes, reaching $65,000 weeks later, but the recent trend shows bears regaining control, with the asset
Cardano (ADA) is currently facing a critical resistance level at $0.33, amidst a backdrop of fear and uncertainty in the market. Despite this challenging environment, there are indications that some investors view this as a potential buying opportunity, signaling optimism for a market recovery in the near future. According to data from IntoTheBlock, there is
In a significant legal development in Scotland, £110,000 has been confiscated from John Ross Rennie, a 29-year-old individual involved in a violent robbery. This milestone case represents the first instance where the proceeds of crime legislation have been utilized to seize cryptocurrency as physical cash. The verdict was delivered at the High Court in Edinburgh,
The U.S. Federal Reserve has recently issued a cease-and-desist order against United Texas Bank (UTB) due to significant deficiencies in its governance. The central bank specifically highlighted UTB’s failure to adhere to anti-money laundering (AML) laws and its poor risk management related to virtual currency customers and foreign correspondent banking. Following an examination conducted in
Opeyemi, a skilled writer, has developed a deep interest in the world of cryptocurrencies. Despite not initially choosing the digital asset industry as his primary focus, he has become captivated by its complexities over the last two years. Opeyemi takes pride in creating unique and informative pieces that explore blockchain technology and the latest trends
As the crypto market continues to experience fluctuations and uncertainty, it is interesting to note that large investors, known as whales, are actively participating in various projects. A recent analysis conducted by data intelligence firm Santiment has revealed the top ten crypto projects that have witnessed a substantial increase in whale activity. SuperRare: Leading the
The recent Bitcoin and crypto market crash has seen prices plunge into the red across the board. As a result, sentiment among crypto investors has plunged rapidly and this has caused the Fear & Greed Index to plunge into the Extreme Fear territory. This suggests that investors are less likely to put money into the
Ethereum (ETH) is currently facing a challenging time in the crypto market, with significant selling pressure and fear gripping investors after a steep 23% decline. This drop has brought its price down to yearly lows at $2,200, sparking concerns among market participants about the future performance of the second-largest cryptocurrency. One major point of concern
Trading in the financial markets can be a rollercoaster ride, filled with excitement, rewards, challenges, and stress. It demands a great deal of focus and quick decision-making skills, which not everyone possesses. This is where trading bots come into play. These automated tools can help make trading easier by taking on the heavy lifting for
Recent developments in the cryptocurrency market have shown that Ethereum, the second-largest crypto by market cap, has entered oversold territory. This has sparked optimism among analysts, with some predicting a potential price rally that could propel Ethereum as high as $6,000. Crypto analyst Titan of Crypto recently suggested on social media that Ethereum is primed
Toncoin (TON) investors have been hit hard recently as the cryptocurrency saw a significant drop from its peak in June. With the price plummeting by 40%, nearly 80% of investors are currently facing losses. This downward trend is concerning for those who had high hopes for the asset earlier in the year. Connection to Telegram
The recently released US jobs report fell short of expectations, with only 142,000 new jobs added in August instead of the anticipated 160,000 or more. This disappointing result has raised questions about the state of the economy and what steps the US Federal Reserve may take in response. Bitcoin’s Reaction Interestingly, Bitcoin’s price reacted positively
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