The Ethereum price has been a topic of concern for many traders and investors in recent months. The current bearish trend that Ethereum finds itself in has left many disappointed, especially after the hype surrounding the launch of Spot Ethereum ETFs. However, taking a closer look at the technical analysis and historical price movements of
Cryptocurrency
The US Securities and Exchange Commission (SEC) has recently raised concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan to repay creditors using stablecoins or other digital assets has sparked controversy, with the SEC reserving the right to challenge these transactions under federal securities laws. This move has added another
The latest Crypto Wealth Report 2024 by Henley & Partners has revealed some staggering statistics regarding the growth of wealth in the crypto market. The number of individuals holding over $1 million in digital assets has surged by 95% to 172,300, with the total value of the crypto market reaching $2.3 trillion, an 89% increase
In the month of August, data from bitcoin on-chain analysis platform Bitbo revealed that miners of the largest cryptocurrency experienced a significant decline in revenue generation. The figures showed that BTC mining activities only secured $827 million, marking a more than 10% decrease from the previous month’s $927.35 million. This downturn also represented a 57%
The past 24 hours have not been kind to the cryptocurrency market, with Bitcoin’s price dropping to a 2-week low of $57,100. This comes after a week of mixed performance, where Bitcoin briefly surged to over $65,100 before facing a steep decline. The bearish trend seems to have continued, with Bitcoin struggling to regain its
Cardano recently completed its Chang upgrade, transitioning to a decentralized governance system. This new system allows ADA holders to actively participate in shaping the future direction of the network. By enabling on-chain voting, introducing Delegate Representatives, enhancing smart contract capabilities with PlutusV3, and implementing a new governance structure, Cardano is taking a significant step towards
In a groundbreaking turn of events, a London resident named Habibur Rahman has found himself in legal trouble for operating a Bitcoin ATM without the proper registration. Rahman, who resides in Langdon Crescent, East Ham, was taken into custody following a raid by Kent Police at a gadget shop in Chatham on April 28, 2023.
Peter Diamandis, the founder of X Prize and Singularity University, recently posed a thought-provoking question to his 262K+ followers regarding the reliability of Bitcoin. Many responses highlighted the fact that Bitcoin has maintained its promise and functionality for 15 years without fail. One notable reply pointed out that Bitcoin has consistently executed new blocks of
Semilore Faleti, a cryptocurrency writer, has made a name for himself in the world of journalism and content creation. He has displayed a particular talent for delving into the complexities of blockchain technology and cryptocurrency, demonstrating a deep understanding of these intricate systems. Semilore’s passion for digital assets is evident in his advocacy for the
Opeyemi is a writer who has found his passion in the realm of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply involved in it for over two years now. His interest lies in unraveling the complexities of blockchain technology and staying updated on the latest trends in the world of