Cryptocurrency News
Entering the cryptocurrency industry can be exciting, but it’s crucial to make informed decisions. Here are five key factors to consider before pursuing a career in this field: Volatility and Risk: Cryptocurrencies are known for their extreme price volatility. Before diving in, understand the risks involved and be prepared for […]
As Bitcoin regains momentum and surpasses the $30,000 mark, the entire cryptocurrency market is experiencing a renewed sense of confidence. This resurgence in Bitcoin’s value has brought about a ripple effect in the altcoin space, with several coins showing signs of life. Among the top three coins to watch as […]
Binance, the world’s largest cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador. This is a major milestone for Binance and for the adoption of cryptocurrency in El Salvador. El Salvador made history in 2021 when it became the first country in the world to adopt […]
The recent developments in the Cardano ecosystem are indicative of both market dynamics and blockchain adoption trends. The price of Cardano (ADA) hovering around $0.29 suggests a level of stability and investor interest, although it’s crucial to note that cryptocurrency markets can be highly volatile. Whale Accumulation The accumulation of […]
During this summer, Chainlink (LINK) has experienced a significant surge in development activity, propelling it to the ranks of the top 5 most frequently developed assets in the cryptocurrency space. This heightened development underscores the project’s commitment to continuous improvement and innovation within the decentralized oracle network sector. ChainLink Whales […]
Token deflationary refers to a mechanism in the cryptocurrency world designed to reduce the total supply of a token over time, ultimately increasing its scarcity and potentially driving up its value. The concept has gained popularity as a way to counteract inflationary pressures in the long term and incentivize token […]
As the week approaches its end, it is crucial to closely monitor polarizing topics that could significantly impact the financial markets. Three key subjects stand out: Curve, RWA, and the Litecoin halving price performance. Curve, a decentralized exchange protocol, has garnered attention due to its innovative nature and potential to […]
In August, Bitcoin’s address activity experienced a notable surge, reaching its highest level in 3.5 months, with approximately 1.07 million unique addresses integrating into the Bitcoin network. This influx of new addresses represents the most significant growth since April 17th. The increased utility on the network is a positive indicator […]
In recent times, the Bitcoin market has witnessed a notable phenomenon – the rise of whales, individuals or entities holding substantial amounts of the digital asset. As of now, there are 15,870 addresses that possess at least 100 $BTC each, constituting a formidable collective force in the crypto space. The […]
Bitcoin’s recent surge above $30k indicates a potential reversal of the bearish sentiment that plagued the market in the past week. The price decline likely prompted many traders to capitulate and sell off their positions, leading to increased selling pressure. However, the current rise in trading volume suggests renewed interest […]
Today’s surge in WrappedBitcoin (WBTC) activity, driven by two significant 2,000 $WBTC moves, has led to a drop in exchange supply. This decrease in available WBTC on exchanges suggests increased demand and potential interest from investors and traders. The surge in on-chain transaction volume, reaching its highest level in over […]
China’s commitment to the blockchain sector remains steadfast as it gears up to develop blockchain infrastructure in Shanghai by 2025. The city’s governor unveiled an implementation plan on July 31st, outlining the strategic goal of advancing Shanghai’s digital development. The plan is set to promote the widespread application of blockchain […]
Bitcoin adoption has indeed shown remarkable growth as indicated by the record-breaking Number of Addresses with a Non-Zero Balance, reaching an all-time high of 47.9 million. This surge in addresses with a positive balance signifies an increasing number of individuals and entities participating in the Bitcoin ecosystem, suggesting growing interest […]
In 2023, the landscape of cryptocurrency trading within the world’s biggest banks is showing signs of evolution. While 74% of the top 50 global banks by assets under management have embraced crypto trading by connecting to regulated exchanges like Binance and Coinbase, they have yet to support retail crypto trading […]
Chainlink (LINK) has been on a tear in recent days, jumping ahead of the altcoin pack on Thursday. The price of LINK is now trading at its highest level at $8.46 since April, and there are a few reasons for this surge. Heavy Whale Transaction One reason is heavy whale […]
The term “whale” in the context of the cryptocurrency market refers to individuals or entities that hold a significant amount of a particular cryptocurrency. Their substantial holdings can potentially influence the market due to their ability to execute large trades, known as whale trades. Analyzing whale behavior and its impact […]
Historically speaking, Litecoin’s price has increased significantly after each halving event. The first halving on August 25, 2015 saw the price of LTC increase by 13,900%, while the second halving on August 5, 2019 saw the price increase by 1030%. Historical Halving Events 2015 LTC Halving: The first LTC halving […]
The substantial decline of -255k BTC in the aggregate Whale balance since 30 May is a significant event in the world of cryptocurrencies, particularly in Bitcoin. The monthly balance decrease of -148k BTC is unprecedented and raises several important points that warrant further investigation. Potential Impacts Firstly, the actions of […]