The recent distributed denial of service (DDoS) attack on the Cardano network has sparked both concern and praise from investors. The attack, aimed at disrupting operations, was effectively mitigated by the network’s mechanisms and decentralized structure. According to industry expert Jaromir Tesar, the attack demonstrated Cardano’s ability to withstand and thwart malicious activities. Most services,
Cryptocurrency
Bitcoin whales are discreetly accumulating BTC amidst a backdrop of fear, uncertainty, and doubt in the market. Recent analysis by IntoTheBlock has revealed a notable increase in net inflows to the largest wallets, signaling a shift in accumulation patterns. Holders with substantial control over the total Bitcoin supply have boosted their holdings by a significant
Bitcoin recently encountered a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to surpass a crucial threshold underscores the strength of selling pressure and raises concerns about potential downward trends. The rejection at this key level serves as a cautionary signal for traders and investors, prompting
Bitcoin, the leading cryptocurrency in the market, seems to be facing a critical juncture as it approaches a key moment. After a strong performance in the first half of 2024, where it broke through the important $71,000 mark, it has since retreated and is now hovering around the crucial $61,000 support level. This recent dip
The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission has been a topic of much speculation since it began in 2020. With the trial currently underway, the outcome remains uncertain, leaving investors wondering about the future of XRP and its legal status. The court’s main focus is to determine whether XRP
Spot Bitcoin ETFs have recently experienced a concerning trend of outflows for seven consecutive days. These outflows have been averaging around $100 million daily, totaling to approximately $1.2 billion pulled out from the funds so far. This decline has been closely linked to the drop in the Bitcoin price, indicating a possible correlation between institutional
Recently, a US bankruptcy court granted FTX approval to proceed with a liquidation plan that would involve paying customer claims in cash. The plan, which is set to pay customers based on the cryptocurrency prices at the time of FTX’s collapse in November 2022, has sparked controversy among creditors. Despite objections from customers who believe
The anticipation for the launch of new spot Ethereum ETFs among asset managers is at an all-time high, contingent on approval from the US Securities and Exchange Commission (SEC). This development is poised to have a significant impact on the cryptocurrency market, with Bitwise Chief Investment Officer (CIO) Matt Hougan expressing optimism about the potential
Scott Matherson is a notable figure in the cryptocurrency world, recognized for his ability to explain complex topics in a clear and engaging manner. With a background in industries such as banking and investment, Scott brings a wealth of experience to his writing in the crypto space. His in-depth knowledge allows him to break down
The once-thriving crypto market is currently experiencing a significant downturn, with Bitcoin at the forefront of the retreat. Following its meteoric rise to over $73,000 earlier this year, Bitcoin has lost its momentum and is now plunging to new lows. This downward trend has sparked a wave of panic among investors, triggering a mass exodus