In March, Bitcoin reached a record high of over $73,000, igniting discussions among industry observers and experts about whether the digital currency has reached its peak in this market cycle. However, a detailed examination by a crypto analyst suggests that Bitcoin still holds significant potential for further growth. The analyst, known as ‘CryptoCon,’ recently shared
Bitcoin
In the fast-paced world of Web3, managing onchain activities can be a daunting task. The introduction of the Coinbase Wallet Web3 app aims to simplify and streamline the onchain experience for users. This article delves into how the app works and why it has the potential to become an indispensable tool in the Web3 space.
Growing up in Edo State, Nigeria, my family has played a significant role in shaping my values and aspirations. With three siblings who have always been my idols and mentors, I have been fortunate to have a support system that encourages me to grow and understand the way of life. My parents, in particular, have
Justin Sun, the founder of Tron, recently made headlines by investing $5 million in Ethereum (ETH), the world’s second-largest cryptocurrency. This investment was revealed through a transaction discovered by Spot On Chain, an AI-driven on-chain analytics platform. Sun reportedly purchased 1,614 ETH tokens at an approximate price of $3,097 per ETH, bringing his total ETH
The recent actions taken by the German state of Saxony have raised eyebrows in the crypto community, as they have been swiftly depleting their Bitcoin reserves. After seizing Bitcoin from Movie2K earlier this year, the German government began auctioning off around $3 billion worth of BTC. On Thursday, a significant amount of 10,567 BTC (about
Bitcoin’s price has been on a roller coaster ride recently, with significant fluctuations within a short period. The sudden pump to nearly $60,000 after the release of CPI numbers was followed by a sharp decline of over two thousand dollars. This extreme volatility has left investors and traders on edge, unsure of what to expect
The recent attempt by the US House of Representatives to overrule President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin (SAB) 121 ultimately fell short. With 228 House members voting in favor of HJ Res. 109 to end SAB 121, 184 voting against it, and 21 abstaining, it is clear that there was majority
Recent data reveals a remarkable shift in the relationship between Bitcoin and US stocks. Previously, these assets showed a positive correlation, impacting Bitcoin and the broader crypto market. However, according to market intelligence platform IntoTheBlock, the correlation between Bitcoin and the Nasdaq 100 and S&P 500 has now turned negative. This negative correlation indicates that
The US Securities and Exchange Commission (SEC) has recently concluded its investigation into stablecoin issuer Paxos, bringing an end to a year-long ordeal for the company. After initially receiving a Wells notice from the SEC over its dollar-backed BUSD stablecoin, Paxos has finally received a notice of investigations termination, signaling that the regulator will not
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