Bitcoin’s price surge to $65,000 within a span of 24 hours has caught the attention of many in the financial world. One of the key factors attributed to this surge is the US Federal Reserve’s economic policies. The relationship between Bitcoin and the Fed’s policies has been a topic of interest for many years, especially
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Semilore Faleti is a prominent figure in the cryptocurrency writing industry, with a specific focus on journalism and content creation. His journey began with a wide range of topics, but he soon discovered his passion for unraveling the complexities of blockchains and digital currencies. Semilore’s interest in the efficiency of digital assets for storing and
Looking at historical data, it is evident that high demand for bitcoin often precedes price recoveries and rallies. However, the current market dynamics paint a different picture. Bitcoin demand growth has significantly slowed down since early April, when the price of the cryptocurrency stood around $70,000. This slowdown can be observed in the daily growth
Opeyemi is a writer who has delved into the world of cryptocurrency with great enthusiasm. Although this field was not his initial choice, he has been captivated by it for over two years. His passion lies in unraveling the complexities of blockchain technology and sharing insights on the latest trends in the cryptocurrency space. Opeyemi’s
Binance, one of the leading cryptocurrency exchanges in the world, recently announced that it will be suspending The Open Network (TON) deposits and withdrawals on August 26 for maintenance purposes. While trading activities will not be affected during this period, users will have to wait for approximately two hours for the maintenance to be completed.
In recent times, Cardano has been the subject of numerous bullish predictions, particularly in the context of the highly anticipated Chang upgrade. This upgrade is seen as a significant milestone for the network, sparking a wave of optimism among its supporters. One such optimistic prediction comes from crypto analyst Alan Santana, who envisions a substantial
Ripple made headlines when it announced its plans to introduce a stablecoin pegged to the US dollar, with the goal of bridging the gap between the cryptocurrency industry and traditional finance. This stablecoin, named Ripple USD (RLUSD), will be available on the XRP Ledger (XRPL) and Ethereum, offering users deep liquidity for major trading pairs
Bitcoin’s price has been experiencing significant fluctuations, with the bulls currently in control as they aim to push BTC above $61,000. However, the weekend brings a different dynamic to the market. Traditionally, weekends see lower trading volumes, which can lead to more volatility in prices. Traders may react more strongly to market changes during this
The DeFi Education Fund and the Blockchain Association have joined forces to challenge the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT) by submitting an amicus brief. This brief emphasizes the significant privacy and security concerns posed by the CAT, particularly for participants in the digital asset market. The CAT, launched in April, represents
The recent transfer of former Binance CEO Changpeng ‘CZ’ Zhao from FCI Lompoc II to the RRM Long Beach halfway house in California has caused confusion among X users. Many mistakenly believed that this transfer meant he had been released when, in fact, CZ remains incarcerated. The RRM Long Beach facility is classified as a
Kraken, a popular cryptocurrency exchange, recently faced a setback in court as a US federal judge denied its request to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit, which was filed in November, accuses Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC claims that
The Pi Network, a project that introduced in 2019 with the goal of allowing users to mine and earn digital assets on their mobile devices, has been surrounded by controversy within the crypto space. While it aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) instead of the traditional Proof-of-Work (PoW) consensus algorithm,
Cardano (ADA) has seen a significant price surge in the last seven days, gaining over 14% during this period. However, despite these gains, on-chain data suggests that investors may be preparing to sell off their holdings. The recent price surge has led to over 12% of Cardano’s supply being in profits, indicating that investors who
The FBI recently made headlines with a groundbreaking decision to employ Non-Fungible Tokens (NFTs) in the return of $1.14 million to victims of the CluCoin fraud. This marks a significant departure from traditional methods of victim outreach and restitution in cases of cybercrime. By leveraging the unique properties of NFTs, law enforcement agencies are pioneering