Cryptocurrency News
The SEC’s recent loss in the case against Ripple is a major setback for the agency’s efforts to regulate cryptocurrencies. The ruling that XRP is not a security could have far-reaching implications for the future of crypto regulation in the United States. XRP Ruling The most important part of this […]
Solana’s price continues to increase after making a short pullback a few days ago. It’s bullishly heading for a short-term resistance line, where the price is likely to break or make. The price is currently up 17% weekly. As few altcoins enjoyed volatility inflow due to Bitcoin’s indecisiveness for some […]
Litecoin found support after pulling back from its yearly high in the past week. But it is yet to regain momentum due to low trading volatility. However, its mid-term bullish remains intact on the weekly scale. After taking off at $71` last month, Litecoin went through several hurdles and suddenly […]
In a fierce battle for NFT supremacy, Cardano’s Snek (SNEK) confronts Ethereum’s DigiToads (TOADS). These two blockchain titans have emerged as formidable contenders, each vying for the coveted title of the NFT King. With their distinct features, innovative capabilities, and passionate communities, SNEK and DigiToads have captivated attention in the […]
Recent information suggests that both sharks (experienced traders with large capital) and whales (entities with substantial cryptocurrency holdings) are closely observing the price range of Bitcoin, specifically in the $30k to $31k range. This indicates that these market participants are interested in this particular price level and are likely assessing […]
The recent inflation report in the US indicates that inflation rose only by 0.2% in June, which can be seen as positive news for owners of equities, gold, and silver. Surprisingly, the impact of this Consumer Price Index (CPI) report on the cryptocurrency market, particularly Bitcoin, has been minimal so […]
The ongoing regime of accumulation among Bitcoin HODLers, characterized by a consistent absorption of coins at a rate of +27.1K BTC per month since July 2021, suggests a bullish sentiment in the market. HODLers are individuals or entities that hold onto their Bitcoin investments for an extended period rather than […]
Robert Kiyosaki‘s warning about the demise of the U.S. dollar and his endorsement of Bitcoin can have significant implications for the cryptocurrency. Firstly, his statements could bring increased attention and credibility to Bitcoin among his followers and the wider audience, potentially driving up demand. This heightened demand, coupled with the […]
The recent accumulation stage in the Bitcoin market is indicative of the strong conviction and long-term investment strategy adopted by larger holders of the cryptocurrency. Despite the relatively stagnant boring price movement within the $30k to $31k range, these “sharks” and “whales” continue to accumulate substantial amounts of Bitcoin. This […]
The announcement of BlackRock’s Bitcoin ETF request on June 15th, 2023, has had a significant impact on the share of Bitcoin supply held and traded by US entities. This development potentially signifies an inflection point in the dominance of US entities over Bitcoin supply if the trend continues. BlackRock’s FirstMover […]
Litecoin’s recent achievement of becoming the top cryptocurrency for payments on BitPay, the world’s largest crypto payment processor, is a significant milestone for the digital asset. This accomplishment demonstrates Litecoin’s potential as a practical and widely adopted means of conducting transactions in the crypto space. Litecoin Overtakes Bitcoin The fact […]
The recent increase in exchange interaction by Bitcoin short-term holders, resulting in a significant influx of approximately 617,000 BTC over the past 20 days, is a noteworthy development in the cryptocurrency market. This surge in activity indicates a shift in sentiment and behavior among short-term holders, which could have implications […]
The widespread adoption of cryptocurrencies has the potential to have both positive and negative impacts on income distribution globally. On one hand, cryptocurrencies offer financial inclusion to those who are unbanked or underbanked, potentially bridging the wealth gap and reducing income inequality. By providing access to a decentralized and borderless […]
Cryptocurrency, with its decentralized nature and pseudo-anonymity, does have the potential to be exploited for illegal activities such as tax evasion, terrorist funding, fraud, and ransomware attacks. However, it is important to note that the majority of cryptocurrency users engage in legitimate activities, and traditional financial systems are also used […]
The decline in the Bitcoin balance held on exchange addresses, reaching a value of 2.26 million BTC, represents a significant shift in the dynamics of the cryptocurrency market. This balance is the lowest recorded since March 14, 2018, marking a span of 1,939 days. Such a trend indicates a gradual […]
The shift in BlackRock CEO Larry Fink’s stance on Bitcoin from 2017 to 2023, as expressed in his recent appearance on Fox Business, highlights the evolving perception of cryptocurrencies within major financial institutions. Bitcoin, Digitizing Gold Fink’s previous comment characterizing Bitcoin as an “index of money laundering” has been replaced […]
The decision by Belarus to ban peer-to-peer (P2P) crypto transactions in an effort to combat fraud raises concerns about stifling innovation in the cryptocurrency space. While it is important to address fraudulent activities, it is equally important to foster an environment that encourages technological advancements and supports legitimate use cases […]
MicroStrategy’s steadfast belief in Bitcoin has proven to be a wise investment strategy, as the company’s significant BTC holdings have begun to yield substantial returns. Despite facing challenges such as the bear market and industry crises, MicroStrategy remained committed to accumulating Bitcoin, and their patience seems to be paying off. […]