Bitcoin’s attempt to reach $60,000 was thwarted as the cryptocurrency experienced a minor retracement, dropping back to just over $58,000. This retracement comes after a recent surge in price, with the asset hitting a multi-day peak of $59,500 before the correction. The bulls had been driving the recovery following a slump to a multi-month low
Crypto
The famous Canadian musician and actor, Drake, has once again found himself on the losing side of a substantial bet. This time, he lost $300,000 worth of Bitcoin after Canada was defeated by Argentina in the Copa America semi-final. This is not the first time Drake has suffered significant losses in the world of sports
In mid-July, Binance, the world’s largest cryptocurrency exchange, announced a temporary suspension of deposits and withdrawals for approximately one hour. This move was due to scheduled wallet maintenance, aiming to ensure the stability of the network. However, trading services were not affected during this period, and users were assured that their cryptocurrency transactions would resume
In a recent turn of events, wallets linked to the CoinStats exploiter made a significant move by transferring nearly $1 million in Ether to the controversial crypto mixing protocol Tornado Cash. This action comes on the heels of investigations initiated by the leading crypto tracker following a security breach in June. CertiK, a blockchain security
Ethereum 2.0 staking has experienced a remarkable surge in recent times, with the deposit contract for staking Ethereum on the Beacon Chain hitting an all-time high of 47.36 million ETH. This figure represents a staggering 33.9% of the total supply of Ethereum, signifying a significant increase from just two years ago when it accounted for
The recent dip in Bitcoin’s price, attributed to factors like Mt. Gox repayments, has been a cause for concern among investors. The primary cryptocurrency experienced a significant correction, dropping by around 15% in the past 30 days. However, many analysts and industry participants view this as a temporary setback, with a potential for a price
The latest buzz in the cryptocurrency world revolves around Ethereum (ETH) as it takes the spotlight as the top trending token. This surge in popularity can be attributed to the updated S-1 forms filed for spot ETH ETFs by major financial institutions such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton. The market intelligence
The recent news of Artur Schaback, co-founder and former CTO of Paxful, pleading guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program has sent shockwaves through the fintech industry. The US Department of Justice’s revelation that Schaback neglected to collect necessary KYC information of customers who traded on
The MiCA regulation has set in motion a shift towards compliant stablecoins in the cryptocurrency market. With the implementation of MiCA on June 30, market makers are now favoring regulated stablecoins over non-compliant alternatives. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently make up 88% of the total stablecoin volume.
Bitcoin (BTC) recently experienced a significant drop in price, hitting its lowest level since February 26. Despite this, Bitfinex analysts have identified on-chain signals that suggest the leading cryptocurrency may be poised for a recovery. This article will delve into the details of these on-chain indicators and their implications for the future price movement of