Bitcoin’s price has been on a wild ride over the past few days, experiencing significant fluctuations. Starting from a positive note earlier in the week, with the price pumping to over $70,000, the situation quickly turned sour as fears about the US CPI numbers and the subsequent FOMC meeting took hold. The cryptocurrency dropped to
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The concept of asset tokenization in the financial sector has been gaining traction in recent years as a way to revolutionize securities and asset management. SEC commissioner Mark Uyeda, in a recent statement, highlighted the potential benefits of asset tokenization, emphasizing the advantages of representing asset rights with digital tokens on a blockchain. Uyeda pointed
Crypto analyst, Sebastian, has made a bold prediction that Cardano (ADA) could potentially rise to $3 this year. One of the reasons he highlighted is Cardano’s partnership with Argentina. The Cardano Foundation’s collaboration with Entre Ríos, a central province in Argentina, is aimed at promoting blockchain adoption in the region. This partnership not only benefits
Recently, Ethereum has experienced a surge in notable withdrawals from centralized exchanges, indicating that crypto whales are anticipating a potential recovery in price. This increase in withdrawals has caused the ETH balances on exchanges to plummet to their lowest level since 2016. Crypto analyst Ash Crypto highlighted the significant shift in the amount of ETH
The New York Attorney General’s office recently announced the resolution of its settlement with Gemini, resulting in the recovery of $50 million for users of the defunct Gemini Earn program. This settlement comes after legal charges were filed against Gemini by the NYAG, alleging that the exchange misled thousands of investors on the risks associated
The current state of the Ethereum market shows some weakness, with prices tumbling approximately 15% from March 2024. However, despite this downward pressure, on-chain data points to a more bullish sentiment. One key factor contributing to this positive outlook is the increased demand for ETH from permanent holders, who are most likely institutions with deeper
Crypto analyst TechDev has recently shared insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in this market cycle. The analyst suggested that more price surges are on the horizon for the flagship cryptocurrency. TechDev pointed out in a post on X (formerly Twitter) that Bitcoin
The Bitcoin options market is currently experiencing an expiry event involving around 20,000 options with a notional value of $1.35 billion. Despite the significant value of these options, the impact on the market is expected to be minimal due to the relatively smaller size of today’s expiry event. However, traders are closely watching a future
The cryptocurrency market has been experiencing sideways movement recently, with Bitcoin unable to decisively break past the $67K mark. Despite attempting to surpass $68K, the price faced resistance from sellers, resulting in a 1% loss over the past 24 hours. The volatile nature of the market has led to the liquidation of over $110 million
STORM Partners recently made waves in the crypto space with the announcement of their new initiative, Lightningbox, during the Web3Fest event in Switzerland’s “Crypto Valley.” This initiative aims to revolutionize the way large enterprises in Europe harness the power of blockchain technology to drive their digital transformation efforts. The Lightningbox initiative seeks to create a