An analyst at CryptoQuant has recently pointed out that Ether (ETH) might be on the verge of a rally, based on data from the cryptocurrency’s futures market. The analyst, Shayan, highlighted a significant liquidation event in the ETH market, which historically has been followed by price rallies as spot buying pressure takes over. In recent
In the world of cryptocurrency, Bitcoin remains a dominant force, with analysts constantly making predictions about its future price movements. One such analyst, CryptoCon, has recently highlighted a technical indicator that has accurately predicted local highs for Bitcoin in the current bull run. CryptoCon’s prediction suggests that Bitcoin could reach $109,236, with a potential rise
The Venezuelan government recently imposed restrictions on various websites, including Binance, following controversial presidential election results. Binance, one of the largest crypto exchanges globally, confirmed on August 10 that its website was facing access restrictions in Venezuela. This has raised concerns among users in the country who rely on Binance for peer-to-peer transactions of stablecoins
XRP, the cryptocurrency associated with Ripple, experienced a significant price surge last week after a court ruling in the Ripple v SEC case. The price of XRP skyrocketed by 20% in a single day, reaching nearly $0.64, with its market capitalization exceeding $35 billion. This surge came shortly after a court ruling that required Ripple
Samsung has announced its exciting partnership with Illuvium at Gamescom 2024, with the aim of revolutionizing home entertainment through the integration of Web3 technology. This collaboration will see the Illuvium gaming world directly accessible from living rooms through Samsung’s innovative Web3 TVs, allowing players to immerse themselves in the world of Overworld, Arena, and Zero.
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
Atari, a pioneer in the gaming industry, is taking a trip down memory lane with the release of a modernized version of its iconic game Breakout. This updated version of the 1976 classic is now available on the Ethereum layer 2 network Base as part of Coinbase’s “OnChain Summer” promotion. By infusing blockchain technology into
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
The recent appearance of the death cross indicator on Bitcoin’s chart has sparked discussions among crypto analysts, with Benjamin Cowen offering his insights on the potential impact of this indicator. In a video shared on his YouTube channel, Cowen emphasized the significance of the $62,000 price level for Bitcoin in avoiding another price crash. The
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%
In a recent social media post, Tyler Winklevoss, co-founder of Gemini crypto exchange, criticized what he called the “reset” of Vice President Kamala Harris’ stance on crypto as a “scam”. This comes on the heels of the Federal Reserve’s crackdown on Customers Bank, a crypto-friendly institution. Winklevoss’s post comes after he expressed disappointment in Harris
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