Cardano (ADA) has experienced a surge in price over the last seven days, with a gain of over 14%. However, despite this recent positive movement, there are concerns about how investors will react to this price increase. On-chain data provides valuable insights into the potential behavior of Cardano investors in response to the recent price
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The Indian government is gearing up to implement comprehensive regulations for the cryptocurrency sector, as reported by local media on August 22. This move signifies a significant step towards establishing a regulatory framework for digital currencies in the country. The upcoming plan involves releasing a consultation paper in the coming weeks to gather feedback from
Meet Ronaldo, a seasoned crypto enthusiast with a relentless dedication to the ever-evolving industry. His journey began with a mere spark of curiosity, which quickly transformed into a deep passion for unraveling the intricacies of cryptocurrencies. With over five years of extensive research under his belt, Ronaldo has developed a unique perspective on the world
The recent analysis provided by technical analyst Willy Woo sheds light on the dynamics of the Bitcoin market. According to Woo, the bearish trend in the market until early August was influenced by factors such as the sale of 100,000 BTC by the German and US governments, as well as distributions from Mt. Gox. Additionally,
The United States spot Bitcoin exchange-traded fund (ETF) market recorded a daily trading volume of $779.87 million on Monday. This marked a decrease in trading volume compared to previous records, with the lowest being $649.17 million and $692.11 million on February 5th and 6th, respectively. The recent data from SoSoValue revealed that there was an
Recently, Tokyo’s Metaplanet investment firm made headlines by acquiring an additional 57.273 BTC, worth approximately 500 million yen or $3.4 million. This move was strategically made amidst the current market lull to position the company for long-term growth. It is part of a larger strategy that was announced on August 8, where the firm disclosed
The legal saga of Shaquille O’Neal and the Astrals NFT project has taken an intriguing turn as a class action lawsuit unfolds. The lawsuit accuses Astrals of promoting unregistered securities, sparking a heated legal battle that has captured the attention of the NFT community. O’Neal’s Role in the Project Judge Federico Moreno of the U.S.
TeraWulf’s recent earnings report for the second quarter of 2024 highlighted a decrease in Bitcoin production compared to the same period in the previous year. The company mined 699 BTC across its facilities, representing a 21% decrease from the preceding year. This decline in BTC output could be concerning, especially in the context of a
Norway, a country with a population of nearly 5.5 million, has made significant investments for its citizens totaling around $1.7 trillion. A portion of these investments is held in Bitcoin stocks, and the government has recently increased its holdings in the cryptocurrency. In fact, Norway now indirectly owns 2,446 BTC through its investments in crypto
Samuel Edyme, known by the nickname HIM-buktu, is a multi-faceted individual in the world of web3 content writing, journalism, and trading. His diverse skill set allows him to navigate through different industries with ease. Despite starting his journey in the crypto space with a scam, Edyme didn’t let the setback deter him. Instead, he used