Coinbase recently released a report suggesting that young, pro-crypto voters could play a significant role in the outcome of the 2024 US presidential elections. According to the report, Gen Z and Millennials, who now make up 40% of the electorate, are increasingly supporting candidates who advocate for cryptocurrency and financial innovation. This shift in voter
Crypto
German authorities recently seized a significant amount of cash and 13 cryptocurrency ATMs during a nationwide crackdown on unlicensed operators. The operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), aimed to enhance regulatory oversight in the country’s rapidly expanding cryptocurrency sector. This move reflects a broader effort to protect consumers and safeguard the financial
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
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
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.
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 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