The price of Ethereum has been facing challenges as the month progresses, despite a strong start. The bearish pressure in the cryptocurrency market has been impacting Ethereum, leading to a negative sentiment surrounding the “king of altcoins.” One significant concern contributing to this sentiment is the regulatory uncertainty surrounding ETH, adding to the bearish pressure
Impact
Despite relentless inflation and economic instability in Argentina, there has been a noticeable increase in the adoption of Bitcoin as a hedge against these challenges. Recent data has shown a surge in Bitcoin purchases, with the number of weekly purchases reaching new highs. This trend indicates a growing interest among Argentinians in using Bitcoin as
The recent decline in the price of Bitcoin has had a significant impact on the spot Bitcoin ETF market. According to data from BitMEX Research, there has been a negative netflow in the BTC ETF market for the last four trading sessions. This trend is characterized by large outflows from Grayscale’s GBTC and record low
Super Sushi Samurai, a blockchain game on layer-2 solution Blast, recently experienced a significant exploit just hours before the launch of its highly anticipated gaming product. The exploit, supposedly carried out by a white hat hacker, resulted in a staggering $4.6 million loss due to a flaw in the smart contract code. This bug allowed
The ongoing saga surrounding the extradition of Do Kwon, co-founder of Terraform Labs, has taken another twist with the Appellate Court of Montenegro confirming the decision to hand him over to South Korean authorities. This decision comes after a series of legal battles, including multiple appeals that had temporarily halted the extradition process. Previous Extradition
The recent surge in Bitcoin’s value, surpassing the $67,000 mark, has caused a wave of liquidations in the crypto market. Traders who were expecting the market to continue its decline were caught off guard by this sharp reversal. According to data from Coinglass, over 86,000 traders suffered losses exceeding $250 million within a 24-hour period.
The Commodities and Futures Trading Commission (CFTC) has given the green light to Coinbase Derivatives Exchange to list futures contracts linked to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). These new listings are slated to go live on or after April 1, 2024, marking a significant development in the cryptocurrency market. The CFTC’s official
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing since December 2020. The SEC accused Ripple of conducting an unregistered securities offering by selling XRP, raising more than $1.3 billion. Ripple has defended itself by claiming that XRP is a currency, not a security, and therefore should
Recently, XRP experienced a surprising spike in its price, reaching an all-time high of $74 on the Atlantis Exchange platform. However, this sudden surge was short-lived and was later revealed to be a glitch. This isn’t the first time such a glitch has occurred in the cryptocurrency market, as similar incidents have been reported in
Bitcoin, the world’s leading cryptocurrency, has witnessed a substantial drop in value, plummeting from over $73,600 on March 14 to a low of under $60,800. This decline translates to a -17% loss, sparking intense discussions among crypto experts on social media platforms like X (formerly Twitter). Alex Krüger, a renowned figure in both macroeconomics and