The approaching United States elections set for November have the potential to serve as a pivotal moment for the American crypto industry, primarily due to the divergent views held by candidates regarding digital assets. According to popular crypto exchange Coinbase, individuals who are part of the crypto community are likely to play a significant role
Crypto
Bitcoin (BTC) is facing a critical juncture as market analysts debate whether the cryptocurrency has hit rock bottom or is poised for further decline. One key metric, stablecoin liquidity growth, suggests that BTC may struggle to rally in the near term. The slow growth of Tether (USDT) market cap indicates a lack of fresh liquidity
The cryptocurrency space is constantly filled with controversial moments, and the recent assassination attempt on the former US President has led to a surge in the creation of tokens related to this event. These tokens have seen significant increases in value following the news of the President surviving the attack. The ongoing battle for the
Bitcoin has been experiencing heightened volatility in the past week, with its price fluctuating between $54,000 and almost $60,000. As of now, it is trading at around $58,000, according to Coingecko’s data. Many analysts are speculating that a surge to $90,000-$100,000 could be on the horizon. Crypto Rover, a prominent figure with over 800,000 followers,
The stablecoin market has experienced a significant shift in recent years, with the once-dominant USDT losing market share to competitors like FDUSD and USDC. According to Kaiko’s latest data, USDT’s market share on centralized exchanges dropped from 82% to 74% in 2024. This decline can be attributed to increased competition and a growing demand for
Judge Katherine Polk Failla’s skepticism towards Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange raises concerns about the legitimacy and relevance of the information being sought. She expressed doubt about Coinbase’s justification for requesting Gensler’s communications, especially those predating his Chairmanship in 2021. The judge’s clear
Germany’s on-chain Bitcoin wallet balance has officially reached zero, according to Arkham Intelligence, meaning sell pressure from the European economic powerhouse is likely at or near its end. The wallet’s latest outflows bring an end to a bearish narrative that’s hung over the crypto market for weeks, at a time when on-chain indicators are signaling
The recent price movements of Ethereum have been less than favorable, with the cryptocurrency facing a second rejection at the $4,000 resistance level. The daily chart shows a clear pattern of lower highs and lows since the failed attempt to break above $4,000. Furthermore, the market has broken below the critical 200-day moving average at
The German state of Saxony has been actively selling off its Bitcoin reserves that were confiscated from Movie2K, a film piracy website earlier this year. This has been a major move by the government, with over $3 billion worth of BTC being auctioned off. The latest development came on Thursday when Bitcoin wallets connected to
Bitcoin’s price experienced significant fluctuations recently, hitting close to $60,000 but then retracing by over $2,000. This rollercoaster ride in price movement has left traders and investors on edge, unsure of what direction the market will take next. While Bitcoin’s price has been erratic, most altcoins have remained relatively sluggish on a daily scale. However,
Recently, the popular crypto privacy protocol Railgun successfully thwarted Inferno Drainer’s latest effort to launder stolen funds. SlowMist’s anti-money laundering tracking system, MistTrack on X, reported that an attempt to launder over 174 ETH, valued at approximately $533,000, was intercepted by Railgun. As a result, the perpetrators were forced to return the stolen ETH to
Bitcoin, the leading cryptocurrency, made a strong attempt to reach $60,000 but was unable to sustain its momentum. After a brief retracement, the price of Bitcoin has settled just above $58,000. This halt in its upward trajectory comes after a recent surge in price, which saw Bitcoin hit a multi-day peak of $59,500. However, the
The recent movement of nearly $1 million in Ether into the Tornado Cash protocol by wallets associated with the CoinStats exploit highlights the ongoing challenges faced by the cryptocurrency industry. The fact that these wallets were able to transfer such a significant amount of funds into a controversial crypto mixing protocol raises concerns about the
The recent announcement by Binance, the world’s largest cryptocurrency exchange, regarding the suspension of deposits and withdrawals for all networks on July 17, has raised concerns among the trading community. The scheduled wallet maintenance, expected to last approximately one hour, will not affect cryptocurrency trading on the platform. However, the implications of this action on