Cryptocurrency News
In a surprising turn of events, the Shanghai No.2 Intermediate People’s Court in China has officially recognized Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value. This landmark decision comes despite the Chinese government’s hostile stance on cryptocurrencies, including a blanket ban on all […]
While some altcoins have seen meteoric rises, others have displayed a rather unassuming price performance. However, two tokens that have recently caught the attention of the crypto community are Linear ($LINA) and Decentraland ($MANA). What makes them noteworthy is the sudden surge in whale transactions (3 months high), which have […]
In a move that reaffirms its commitment to cryptocurrencies, MicroStrategy, a leading business intelligence firm, has recently announced the acquisition of an additional 5,445 Bitcoin (BTC) for approximately $147.3 million. This strategic investment was made at an average price of $27,053 per BTC, further expanding MicroStrategy’s already substantial crypto portfolio. […]
China has banned Bitcoin multiple times, but Bitcoin has always managed to bounce back. The first ban was in 2013, when the People’s Bank of China (PBOC) issued a notice prohibiting financial institutions from using or trading Bitcoin. The PBOC also warned against the risks of Bitcoin investing, citing its […]
Ethereum (ETH) has recently experienced a significant drop in network fees, reaching their lowest levels in 2023 at just $1.15 per transaction. This decline in transaction fees is reminiscent of levels last seen in late December 2022, and it carries important implications for both Ethereum’s utility and its potential to […]
Chainlink (LINK) has been displaying impressive resilience in the cryptocurrency market, outperforming the average performance of the crypto sector. It’s currently making strides to break through the $6.80 resistance level once again. Alongside this price action, a notable surge in the number of unique LINK addresses interacting on the network […]
The launch of a spot Bitcoin ETF would be a watershed moment for the Bitcoin ecosystem. It would make it easier for investors to gain exposure to Bitcoin, and it could lead to increased adoption of Bitcoin by mainstream investors. Institutional Investors Are Interested In Investing In Bitcoin It is […]
Google Cloud is making significant strides in the cryptocurrency and blockchain space by expanding support for various blockchains within its BigQuery data analytics service. This move underscores Google’s recognition of the growing importance of blockchain technology and the data it generates. Google Cloud Supports 11 Additional Blockchains The addition of […]
The trustee responsible for handling the bankruptcy of Mt. Gox, Nobuaki Kobayashi, has recently announced a significant extension of the repayment deadline for creditors of the now-defunct cryptocurrency exchange. This move, approved by the Tokyo District Court, pushes the deadline from October 31, 2023, to October 31, 2024. Twofold Rationale […]
In the ever-evolving world of cryptocurrency investment, one metric that has recently grabbed the attention of analysts and traders alike is the Bitcoin/Ethereum ratio. This ratio measures the relative performance of Bitcoin (BTC) against Ethereum (ETH), two of the most prominent cryptocurrencies in the market. As it reaches a new […]
In recent weeks, the Bitcoin market has witnessed a surge in aggressive shorting on major exchanges, most notably on Binance. This development has sent ripples through the cryptocurrency community, with traders and analysts closely monitoring the situation. As a result of this increased shorting activity, Bitcoin’s price has experienced a […]
In a pivotal move, the Federal Reserve, during its recent FOMC meeting, chose to maintain interest rates at their current levels. However, the central bank left the door ajar for potential future rate hikes, sparking significant market speculation. This decision comes at a time when the global financial landscape is […]
Bitcoin, the world’s leading cryptocurrency, is experiencing a resurgence in onchain activity that hasn’t been seen since April. This surge in utility and engagement within the network is sparking excitement and speculation within the crypto community. Active 1.1M Addresses In September One of the standout metrics is the remarkable increase […]
In a significant development for the world of cryptocurrency, Bitcoin experienced a substantial surge, reaching a price of $27.2K, following the announcement of Japan’s largest investment bank, Nomura, launching an Adoption Fund specifically tailored for institutional investors. This marks a pivotal moment in the ongoing efforts within the crypto industry […]
The cryptocurrency market is in a bear market, but there are still positive trends emerging. Here are a few of the top cryptocurrency trends to watch in winter 2023: The rise of Web3 and the metaverse Web3 is a new vision for the internet, one that is decentralized and owned […]
The crypto market has been in a bear market for the past few months, but there are signs that the next bull run is on the horizon. Here are some recent, current, and popular crypto narratives, including RWA, that will spearhead the next Bitcoin market bull run: Institutional Adoption Institutional […]
Bitcoin, the world’s leading cryptocurrency, has once again made headlines as it reached a historic milestone. The number of addresses holding at least 1 Bitcoin (1+ coins) recently hit an all-time high (ATH) of 1,020,472. This achievement comes just days after the previous ATH of 1,020,442 was observed on 14th […]
In a groundbreaking development within the financial industry, Deutsche Bank, one of Europe’s largest and most renowned financial institutions with €1.34 trillion in assets under management, has forged a strategic partnership with Swiss cryptocurrency firm Taurus. The aim? To provide comprehensive Bitcoin and cryptocurrency custody services to their clients. Traditional […]