Since the beginning of July, the Cardano blockchain has experienced a period of relative quietness, mirrored by a consolidation in the price of ADA. On-chain transaction data reveals that Cardano whales, who hold large amounts of ADA, have also been relatively quiet since the last week of June. Despite this, there was a recent spike
Cryptocurrency
During a hearing on July 11, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempts to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla specifically pointed out that the request included Gensler’s statements before he assumed his role as SEC chair in 2021. Coinbase’s lawyer argued that the company
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
In a recent Senate Agriculture Committee hearing, CFTC chair Rostin Behnam expressed openness to the idea of the agency becoming a primary regulator for cryptocurrencies. This proposal, if implemented, would involve changes to the definitions of securities and commodities. Senator Roger Marshall suggested that the CFTC take on the role of primary regulator for digital
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 bid to bolster security within the cryptocurrency industry, Kraken recently announced its collaboration with other major players to co-found the Blockchain Security Standards Council (BSSC). The purpose of this nonprofit organization is to establish uniform security standards across the crypto sector, with the goal of addressing critical security threats such as fraud, nation-state
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
A crypto analyst known as ‘DonAlt’ has made a bold prediction regarding the future of Bitcoin (BTC), stating that the cryptocurrency could potentially surge to $100,000 in the coming years. This optimistic outlook is based on the increasing inflows into Spot Bitcoin ETFs and the anticipation of an upcoming bull run in the crypto market.
The recent transaction by an Ethereum whale transferring $34.3 million worth of ETH to the crypto exchange Coinbase has caused panic among community members. This move suggests that the whale might be looking to offload their holdings, potentially impacting ETH’s price significantly. Typically, such large transfers indicate a plan to sell tokens, leading to concerns
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