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
Crypto
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
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,
In recent times, there has been a noticeable shift in the Layer 2 network sector, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. IntoTheBlock’s latest research indicates that Base now has nearly 40% more daily active addresses than the combined total of its competitors, Arbitrum and Optimism. This substantial growth
In the ever-volatile world of cryptocurrency, bitcoin made a strong comeback after a recent slip. Over the past 12 hours, it soared to a weekly high of nearly $62,000, leaving investors and traders with renewed optimism. While some altcoins like TRX and TON remained stagnant, others such as LINK, UNI, MATIC, and more experienced significant
The recent fluctuations in the Bitcoin market inventory have been a cause for concern for many traders and analysts. Technical analyst Willy Woo highlighted that the market had been bearish due to significant inflows of BTC from various sources, including government sales and Mt. Gox distributions. This influx of Bitcoin led to an increase in
A recent threat targeting Solana users on Reddit has been identified in the form of a malicious browser extension known as the “Bull Checker.” This extension, disguised as a meme coin tracker, has been responsible for draining users’ wallets and causing unauthorized token transfers. The “Bull Checker” extension operates by allowing users to seemingly interact
In a bold move amidst the current market lull, Tokyo’s Metaplanet investment firm has revealed its acquisition of an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million. This strategic purchase comes as part of the firm’s plan to set the stage for long-term growth in the cryptocurrency space. Metaplanet first made
The recent choppy consolidation in bitcoin’s price action has left many market players feeling anxious. Despite this uncertainty, some holders of the world’s largest cryptocurrency asset are actually increasing their holdings. Bitcoin whales, particularly those holding between 100 and 1,000 BTC, have shown a significant uptick in accumulation. Over the past six weeks, these whales
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant decrease in daily trading volume, reaching $779.87 million on Monday. This marks a notable drop from the previous week’s trading volume, which ranged between $1.18 billion and $1.79 billion. The current volume is the third lowest recorded, following the figures from February 5th
The meme coin sector has recently experienced a surge, pushing its market cap above an impressive $40 billion. This rally was led by cat-themed meme coins, with assets like Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW) charting significant gains. POPCAT, for example, saw a nearly 30% increase in value, reaching
The Democratic National Committee recently unveiled its 2024 Party Platform, outlining the party’s key priorities leading up to the next election. Surprisingly, the platform did not mention Bitcoin, crypto, or blockchain, focusing instead on issues such as housing affordability and climate change. Additionally, it emphasized the need for the wealthy and corporations to pay their
Hut 8 Corp, a prominent Bitcoin miner in North America, faced significant challenges in its financial performance for the second quarter ending June 30, 2024. Despite a substantial 72% year-over-year revenue increase to $35.2 million, the company reported a massive net loss of $71.9 million. The primary reason for this loss was a $71.8 million
TeraWulf’s second-quarter earnings report for 2024 showed a decline in BTC production compared to the same period in 2023. The company mined 699 BTC across its Lake Mariner and Nautilus Cryptomine facilities, marking a 21% decrease from the previous year. Despite the decrease in BTC production, TeraWulf’s revenue for the quarter increased slightly, reaching $35.6
