Bitcoin’s price has shown impressive growth over the past seven days, reaching levels between $61,000 and $67,000. This surge comes despite the fear, uncertainty, and doubt surrounding Mt. Gox’s customer repayment. QCP Capital, a well-known trading data company, believes that this recent positive momentum could be just the beginning of a larger price rally. Analysts
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In a strategic move towards global expansion, Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This marks a significant milestone for the platform, signaling its commitment to serving clients in key markets beyond the US.
In the past week, the price of Bitcoin has shown signs of recovery, reaching as high as $67,000 after dipping to around $64,000. This uptick in price has led some analysts to believe that the leading cryptocurrency may have hit a bottom. On-chain metrics analyzed by CryptoQuant suggest that there is positive momentum in the
The recent statements made by crypto analyst Scott Melker, predicting a surge in Bitcoin’s price to reach $100,000, have been met with a mix of enthusiasm and skepticism within the crypto community. While Melker’s optimistic outlook on Bitcoin’s future is certainly compelling, it is important to analyze the validity of his claims and the factors
The Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs, setting the stage for five Spot ETH ETFs to make their debut in the cryptocurrency market. The confirmation came through a new issue notification on the CBOE’s website on July 19, indicating that the trading of Spot ETH ETFs
Semilore Faleti, a dedicated cryptocurrency writer, has made a name for himself in the field of journalism and content creation. Initially writing on various topics, Semilore eventually delved into the complexities of blockchains and cryptocurrency. His interest in the efficiency of digital assets for storing and transferring value drove him to become a staunch advocate
In the month of June, trading volume on centralized exchanges experienced a significant decline of 21.8%, marking the third consecutive month of diminishing activity since March. The combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded earlier in the year. The decrease in
In the ever-evolving world of cryptocurrency, one trend that has captured the attention of many investors and traders is the rise of dog-themed meme coins. These digital assets, often inspired by popular dog breeds or memes, have seen significant growth in 2024. Market Trends Dog-themed meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB)
In the midst of a crypto market recovery, Cardano holders find themselves in a precarious position. Data from IntoTheBlock reveals that Cardano is currently the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This disappointing performance has left many long-term believers and investors in despair, as the profitability
MPC wallet provider Liminal recently stated that its infrastructure was not compromised during the hack of India-based crypto exchange WazirX. The firm released a detailed post-mortem report on July 19, attributing the breach to compromised devices within WazirX’s network. Liminal clarified in the report that its user interface (UI) was not responsible for the attack.