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
Impact
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.
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
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
As the Bitcoin Halving event approaches, with only a few blocks left before miners’ rewards are halved, all eyes are on the potential impact this event could have on the price of Bitcoin. Scheduled to occur around April 19 at Block 840,000, the Halving is a deflationary measure programmed by Bitcoin’s founder, Satoshi Nakamoto, to
Recently, Coinbase CFO Alesia Haas expressed her belief that Ethereum (ETH) should not be classified as a security. She highlighted the lack of regulatory clarity surrounding cryptocurrencies in the United States as the core issue. Haas emphasized the importance of a clear and consistent regulatory framework to protect consumers and companies like Coinbase. However, despite
Recently, the government of Argentina has taken a significant step towards regulating the cryptocurrency sector within the country. This move has stirred up mixed reactions within the crypto community, as it goes against the expectations set by the nation’s new leader, Javier Milei, who is known for his small-government libertarian views. The creation of a
Nakamoto Games, a prominent Web3 gaming hub, has recently announced its plans for a series of major releases in the upcoming weeks. This announcement signifies a pivotal moment in the company’s journey, as they aim to solidify their position in the competitive gaming market. Among these exciting releases is a highly anticipated AAA Collectible Card
Cryptocurrency analyst Rekt Capital recently discussed the potential breakout of Bitcoin (BTC) from a weekly range, signaling a possible upswing. The analyst identified a weekly range known as Black-Black, where Bitcoin has been trading since experiencing an 18% correction. This range was created by the candle-bodied peak and the upside-wicking peak from 2021. Rekt Capital
The collaboration between WAX and Amazon Web Services (AWS) has brought about a significant change in the development process of blockchain-based games and applications. By integrating WAX’s blockchain tools into the Amazon Managed Blockchain (AMB) service, developers now have direct access to WAX’s Web3 networks through the AWS console. This integration makes deploying WAX blockchain