The recent Bitcoin price dip, which saw the cryptocurrency fall below $67,000, has sparked concerns among investors. However, crypto analyst Michael van de Poppe has a different perspective on the situation. He suggests that the decline presents an opportunity for investors to acquire Bitcoin at a lower price. In a recent social media post, Poppe
KuCoin, a prominent cryptocurrency exchange, has recently faced legal challenges with US authorities, leading to a noticeable decrease in user assets on the platform. A proof-of-reserve certificate released by the exchange highlighted the sharp decline in user holdings, with Bitcoin balances dropping by 25.4% to 12,114 BTC in March. Similarly, Ethereum balances saw a decrease
Recently, industry analytics provider Glassnode reported that long-term holders have begun distributing BTC and selling to new investors at higher prices. This movement represents an injection of new capital into the asset class, ultimately driving the realized cap to new heights. Realized cap is a measure of cumulative USD liquidity ‘stored’ in the asset class.
Notcoin, also known as NOT, has been making waves in the cryptocurrency community with its innovative Telegram-based clicker game. Developed by Open Builders, Notcoin allows players to mine in-game coins by simply tapping on a coin within the app. These coins can then be converted into an on-chain, tradable token – NOT. The game has
The Bitcoin mining industry experienced an unprecedented boom in March, raking in over $2 billion to secure the leading cryptocurrency network. Data from Blockchain.com reveals that miners collectively averaged a staggering $65.23 million per day over the course of the month. This figure surpassed the previous two months’ 30-day averages of $48.31 million in February
The popular Solana meme coin, DogWifHat (WIF), experienced a significant decline today, shedding 17% of its value in the last 24 hours to trade at $3.69. This drop in WIF’s price is part of a broader market pullback that saw market leaders Bitcoin and Ethereum lose around 5% overnight. Bitcoin is currently trading at $66,313,
In a bold and innovative move, ALTAVA, a prominent player in the digital fashion market, has joined forces with Play TOZ, a Web3 division of WEMADE PLAY, to revolutionize the TOZ Universe, a thriving Web3 Metaverse community. This partnership is set to redefine the landscape of digital fashion and user engagement within the vast virtual
Recent data from the blockchain analysis platform Arkham Intelligence reveals that Tether, the world’s largest stablecoin issuer, has increased its Bitcoin holdings significantly. On March 31, Tether acquired 8,888 Bitcoin, bringing its total BTC holdings to nearly 75,400. This move positions Tether as one of the largest Bitcoin holders in the market, surpassing even some
Singapore’s Payments Service Act (PSA) underwent significant amendments by the Monetary Authority of Singapore (MAS) to strengthen its jurisdiction and amplify user protection within the cryptocurrency industry. These changes reflect Singapore’s dedication to establishing itself as a crypto-friendly hub that prioritizes investor security alongside fostering innovation. Expansion of Digital Payment Token Services MAS integrated three
The recent report by blockchain security firm PeckShield for March 2024 has highlighted a worrying trend in the cryptocurrency industry. Despite an overall improvement in investor sentiment, the report indicates that there has been a significant increase in crypto hacks, resulting in losses amounting to approximately $187.29 million. One of the most shocking incidents mentioned