Category: Crypto
Understanding the Decline in Whale Activity in the Crypto Market
The latest analysis by Santiment reveals a significant drop in whale activity across major crypto assets, including Bitcoin and Ethereum. During an active period in March, Bitcoin recorded 115.1k transactions valued at over $100k each. However, by August, this number had decreased to just 60.2k transactions, indicating a noticeable slowdown. Ethereum also mirrored this trend,…
The Changing Landscape of Ethereum Market
The Ethereum market is experiencing a noticeable shift, with increasing exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric monitors the amount of ETH held in exchange wallets. A rise in this metric often suggests that traders are transferring their ETH to exchanges in preparation to sell, causing supply pressure and…
The Ongoing Challenges Faced by the Open Network and TON Token
The Open Network and its native token, TON, have been facing a series of challenges in recent times. One such issue arose when the price of TON plummeted by over 90% in just minutes on CoinMarketCap. The drastic drop saw TON’s value fall from $5.2 to approximately $0.3. This sharp decline, amounting to a massive…
The Future of Bitcoin: Analyzing Expert Predictions
Recently, the crypto analyst known as the ‘Titan of Crypto’ has shared with his followers a unique technical pattern that has never been witnessed before in the world of cryptocurrency. This pattern involves a golden cross formation between the 100-day moving average and the longer 200-day moving average. Unlike the typical golden cross where a…
The Rising Trend of Crypto Wealth in 2024
The Crypto Wealth Report 2024 by Henley & Partners has revealed some astounding numbers in the world of digital assets. The report states that the number of individuals holding over $1 million in digital assets has increased by a staggering 95% to 172,300. This growth comes alongside a significant surge in the total value of…
Preventing and Responding to Crypto Hacks: Lessons Learned
In the past month alone, the cryptocurrency space has been rocked by a series of devastating hacks, resulting in a total loss of $313 million. Two major phishing attacks accounted for a staggering 93.5% of the stolen funds, highlighting the vulnerability of crypto holders to social engineering tactics. In one incident, a whale lost over…
The Decline of Bitcoin Mining Revenue: A Deep Dive
Recent data from bitcoin (BTC) on-chain analysis platform Bitbo paints a dismal picture for miners of the largest cryptocurrency. In August, miners suffered their worst month in nearly a year in terms of revenue generation. According to Bitbo’s dashboard, BTC mining activities only secured $827 million, marking a significant 10% decrease from July’s earnings of…
The Impact of Economic Data on Digital Asset Investment Products
The latest data on digital asset investment products reveals that the sector experienced a total of $305 million in outflows in the past week. This negative sentiment was largely driven by stronger-than-expected economic data coming out of the United States, influencing the likelihood of a significant interest rate reduction. According to CoinShares’ Digital Asset Fund…
The Current State of Bitcoin and Altcoins: A Closer Look
Over the past 24 hours, Bitcoin’s price has taken a turn for the worse, dropping to a 2-week low of $57,100. This downward trend comes after a week of fluctuating prices, with Bitcoin initially surging to over $65,100 before gradually losing value. Despite a brief recovery on Thursday that pushed BTC to $61,000, it has…
Criminal Charges for Unauthorized Bitcoin ATM Operation in the UK
Recent news from the UK has highlighted the legal consequences for operating a Bitcoin ATM without the proper registration. This article analyzes the case of Habibur Rahman, the first person in the UK to face charges for unauthorized operation of a crypto ATM. Habibur Rahman, a London resident, was arrested by Kent Police on April…
The Future of Bitcoin: Will it Ever Need a Bailout?
One of the most intriguing questions posed by Peter Diamandis, the founder of X Prize and Singularity University, revolves around the future of Bitcoin. With an impeccable track record of never failing to execute transactions every ten minutes for 15 years and no breaches in its base blockchain layer, Bitcoin has proven its reliability. Many…
The Future of Payments Industry: Embracing Blockchain Technology
The payments industry has experienced significant growth over the last five decades, becoming one of the largest and fastest-growing sectors globally. Despite this success, a critical issue remains – the industry continues to operate on outdated technology that hampers efficiency. According to a report by Binance Research, leveraging blockchains, distributed ledger technology (DLT), and their…
Exploring the Cryptocurrency Exchange Partnership
In a recent announcement, the Singapore-based cryptocurrency exchange Crypto.com has teamed up with Standard Chartered, a renowned multinational banking institution. This collaboration aims to provide retail users across the globe with access to fiat services. Through this partnership, Standard Chartered will offer banking and payment solutions to facilitate the deposits and withdrawals of major currencies…
The Rise of Illicit Activity at Crypto ATMs: A Growing Concern
Recent findings from TRM Labs have shed light on a troubling trend in the world of cryptocurrency. The report reveals that illicit activity at crypto ATMs is alarmingly higher than in the broader crypto industry. This has sparked a wave of concern among law enforcement agencies and regulators worldwide, who are now turning to blockchain…
