Category: Crypto
The Crypto Market: Analyzing Bitcoin Demand in the United States
The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked an increase in demand for Bitcoin (BTC) in the United States. This surge in interest has been reflected in the rise of the Coinbase Premium, reaching its highest level since July at 0.11%. This increase indicates that U.S.…
The Harsh Reality of the 2024 Bitcoin Bull Run
The much-anticipated 2024 bitcoin bull run has not lived up to expectations as the asset struggled to maintain momentum after surpassing its all-time high from 2021. Despite initial excitement following the historic achievement, the journey towards the coveted $100,000 mark has been tumultuous, with fluctuations in price and lackluster performance dampening investor sentiment. Perplexity, a…
The SEC Charges Brothers in $60 Million Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) recently took legal action against brothers Jonathan Adam and Tanner Adam for allegedly orchestrating a Ponzi scheme worth $60 million. The complaint, filed in the United States District Court for the Northern District of Georgia in Atlanta, accuses the siblings of deceiving more than 80 individuals by promoting…
The Impact of High Centralization on Crypto Assets
In the world of cryptocurrencies, high centralization poses a significant threat to the core principles of decentralization that the industry strives to achieve. The concentration of power among a few entities can lead to increased influence, potentially undermining the ethos of decentralization that crypto assets aim to uphold. Popular project tokens such as Polygon (MATIC)…
The Controversy Surrounding Vitalik Buterin’s ETH Transfers
Recently, Ethereum co-founder Vitalik Buterin made another significant transfer of ETH, totaling 800 ETH valued at approximately $2.01 million. This transfer raised eyebrows within the crypto community, especially when 190 ETH from the same wallet was exchanged for 477,000 USDC, a stablecoin tied to the U.S. dollar. This is not the first time Buterin has…
The Rollercoaster Ride of Cryptocurrency Markets
The cryptocurrency markets are notorious for their volatility, and the past week was no different. Bitcoin, the flagship cryptocurrency, experienced a wild ride starting from a high of over $64,000 to a low of under $58,000 within a matter of days. The sharp fluctuations in the price of bitcoin had a ripple effect on most…
Critical Analysis of Floki Inu’s Recent Decline
Floki Inu (FLOKI) has recently experienced a sharp decline in its price, dropping nearly 20% and losing its spot among the top 5 meme coins. Currently trading at around $0.0001272, FLOKI’s market capitalization has plunged to $1.23 billion, placing it in the sixth position. This decline has raised concerns among investors and analysts about the…
Critiquing the Dismissal of Elon Musk’s Lawsuit Involving Dogecoin Manipulation
The recent dismissal of the $258 billion lawsuit against Elon Musk and Tesla Inc. regarding the manipulation of Dogecoin’s price by U.S. District Judge Alvin Hellerstein has raised eyebrows within the investment community. The judge ruled in favor of Musk and his company, citing that the accusations made by a group of disgruntled investors were…
The Rise of Popcat: A Meme Coin Success Story
The cryptocurrency market saw a mixed bag of results this week, with major coins experiencing a decline in value. Bitcoin, for example, dropped by 3% following a decrease in open interest for BTC futures among institutional investors. In contrast, Popcat, a meme coin, displayed remarkable strength with a staggering 52% increase in value by midday…
The Latest Announcement from Binance: Adding Trading Pairs and Services
Binance, the world’s largest crypto exchange, continues to expand its list of trading choices to enhance users’ experience and respond to ongoing market trends. The latest announcement includes the addition of DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC on Binance Spot. Additionally, trading bot services will be available for pairs such as DOGS/BRL, DOGS/USDC, BONK/TRY, PEPE/TRY, 1000SATS/TRY,…
OpenSea CEO Responds to SEC’s Targeting of NFT Platforms
The US Securities and Exchange Commission has been actively targeting various cryptocurrency platforms in recent months, with mixed results. The latest platform to come under scrutiny is OpenSea, a popular NFT marketplace. The CEO of OpenSea, Devin Finzer, took to social media to express his disappointment in the SEC’s actions, particularly in light of the…
The Future of Cardano: Chang Hard Fork and Community Governance
Cardano, a blockchain network known for its commitment to decentralization, is on the brink of a major upgrade known as the Chang hard fork. This upgrade, originally slated for August 27, has been rescheduled to September 1 in order to allow crypto exchanges like Binance to prepare for the transition. The Chang hard fork marks…
The Evolution of Maker: Rebranding to Sky
Maker, a prominent DeFi lending protocol on Ethereum, recently underwent a rebranding to “Sky” alongside significant enhancements to its decentralized stablecoin system. This rebranding also extended to its stablecoin, previously known as DAI, now rebranded to USDS, and its governance token, which has changed to SKY. The conversion process involves exchanging 1 DAI for 1…
The Tale of Two ETFs: Bitcoin vs Ethereum
In recent times, Bitcoin ETFs have been experiencing a period of significant growth. The last trading week alone saw an impressive $500 million allocated to the largest US-based products. Despite a rough start at the beginning of the month, where over $550 million was lost in just three days, Bitcoin ETFs have managed to bounce…
