The cryptocurrency market, including Ethereum, is currently experiencing a price decline, which is further exacerbated by escalating tensions in the Middle East. This has created a sense of uncertainty among investors, leading to panic-selling among retail investors. However, amidst this turmoil, on-chain data reveals a different story. Large player whales in the market are taking
Bitrace, a prominent data analysis company, has recently taken steps to address the increasing number of cryptocurrency-related crimes in Hong Kong. As part of their Corporate Social Responsibility efforts, Bitrace conducted training sessions on on-chain fund tracking for members of the Hong Kong Police Force. This initiative aims to enhance law enforcement’s understanding of blockchain
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Bitcoin, the flagship cryptocurrency, has once again piqued the interest of investors due to recent market movements. Analysts and enthusiasts are engaged in discussions about the possibility of a significant retracement in Bitcoin’s price. Renowned crypto analyst Rekt Capital has delved into the current state of the Bitcoin market, drawing comparisons with past cycles to
When it comes to data on the blockchain, the question of whether to reveal or not is starting to gain traction. The concepts of transparency and immutability have the potential to democratize data by reducing the control of large power structures. However, there is also a growing desire among individuals to have personal ownership over
Ripple’s XRP recently experienced a significant drop of 20% following a market downturn that saw the global market capitalization of the cryptocurrency sector plummet to $2.4 trillion. This decline was felt by many long traders, resulting in multi-million liquidations. The price of XRP dropped to around $0.48 according to CoinGecko’s data, making it one of
The launch of Spot Bitcoin ETFs has brought a significant boost to the price of Bitcoin and other cryptocurrencies, ushering in institutional demand to the world’s largest crypto asset. However, recent geopolitical tensions between Iran and Israel have caused Bitcoin to plummet to $61,000, undoing weeks of price gains. This article delves into the impact
In a surprising turn of events, venture capital funding for Bitcoin startups saw a dramatic increase in 2023, despite an overall decline in venture capital activity. A report from Trammell Venture Partners (TVP) revealed that the number of Bitcoin-native pre-seed deals soared by 360% last year, with the number of funded Bitcoin companies increasing by
The recent reports of Iran launching missile and drone attacks on Israel have sent shockwaves through the cryptocurrency market, resulting in a significant drop in the price of Bitcoin. This drastic price movement was a direct response to the escalating tensions in the Middle East, particularly between Iran and Israel. The price of Bitcoin plummeted
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