As bitcoin continues its retreat, analysts are closely monitoring the liquidity heatmap to determine potential price movements. The liquidity heatmap, provided by CoinGlass, indicates key first-test lines at around $56,800. If BTC prices bounce off this level, it may test higher ones. However, a weaker bounce could result in further downsides. The liquidation heatmap, on
Crypto
Bitfarms, a Toronto-based Bitcoin mining company, recently reported a total revenue of $42 million for the second quarter of 2024. This figure represents a 16% decline from the previous quarter. The decrease in revenue is largely attributed to the reduction in block rewards following the BTC halving event that took place on April 19, 2024.
Santiment recently released a ranking of the top digital assets based on notable development activity in the last 30 days. Internet Computer (ICP) emerged as the leader with an overall score of 570.1. This is a significant achievement for ICP, considering its market capitalization of almost $3.5 billion. Following closely behind are Hedera (HBAR) and
Bitcoin’s price movements over the weekend have returned to a much calmer state, with the asset remaining relatively stable at just over $61,000. Last weekend saw bears dominating the market, causing the primary cryptocurrency to drop from $66,000 on Friday to $57,000 by Sunday evening. The situation worsened on Monday when the price plunged to
Leading European investment company CoinShares has reported a significant increase in revenue for the second quarter of 2024. The company’s earnings reached an impressive £22.5 million ($28.5 million), representing an exceptional 110% year-over-year growth. This substantial growth was primarily attributed to CoinShares’ claims on FTX bankruptcy proceedings which resulted in a recovery rate of 116%
The past week was tumultuous for the spot Bitcoin ETFs, with massive outflows totaling $167 million. This negative trend was evident throughout the week, with only two days of inflows amounting to $45.1 million on Wednesday and $194.6 million on Thursday. Grayscale’s GBTC saw the most significant outflows of $77 million, followed by Ark Invest’s
In the late 1990s, Berkshire Hathaway’s Vice Chairman, Charlie Munger, famously stated that the first $100,000 is crucial, even if it means extreme frugality. Fast forward to the present day, and the Bitcoin economy has seen over 450,000 BTC addresses holding Bitcoin worth $100,000 or more. This milestone has been reached multiple times, with the
After a long-awaited conclusion to the settlements phase of the trial, Ripple faced a much smaller fine than expected from the SEC. This decision by U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) resulted in a fine of just a little over $125 million, significantly lower than the requested
Celsius, a company that filed for bankruptcy two years ago, is now taking legal action against Tether for what they claim was the wrongful liquidation of over $800 million worth of BTC. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York on August 9, accuses Tether of breaking their
The recent development in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has resulted in Ripple being fined $125 million for violating certain securities laws. This amount is significantly lower than the initial demand of $2 billion from the regulator. Many industry participants are viewing this decision as a victory for
Whistleblowers have been playing a crucial role in enforcing regulations within the digital asset market. The Commodity Futures Trading Commission (CFTC) recently awarded over $1 million to a crypto whistleblower, highlighting the significance of insider information in identifying unlawful conduct. The CFTC’s Whistleblower Program, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Stablecoin issuer Tether is gearing up for significant growth in the coming year as it aims to double its workforce. CEO Paolo Ardoino has revealed plans to increase the company’s headcount to around 200 employees by mid-2025. This expansion is aimed at bolstering key areas such as compliance and finance, particularly in managing the $118
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making waves with its advancements in transaction processing speed, scalability, and cost reduction within the Shiba Inu ecosystem. The recent announcement of a hard fork launching the new Bor version has grabbed the attention of the crypto community. The upgrade, set to take place on
In a recent research report by Grayscale, Bitcoin is predicted to potentially reach its all-time high later this year, depending on the U.S. economy’s ability to avoid a recession. This positive forecast comes after a period of stabilization in the cryptocurrency market and broader financial markets, which experienced significant declines recently. Grayscale Research also highlighted