The Bitcoin market has seen a recent shift in on-chain dynamics, suggesting that miner capitulation may be coming to an end. The Glassnode Hash Ribbon indicator, which measures BTC’s hash rate, has shown a positive cross between the short-term (30-day) and long-term (60-day) moving averages. This indicates that miners are returning to the network and
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Ferrari, the renowned Italian luxury sports car manufacturer, recently announced its plans to broaden its cryptocurrency payment system to its European dealer network by the end of July. The company also has ambitions to extend this option to more countries within its global dealership network where digital currencies are legally recognized by the end of
The Cardano ecosystem is on the brink of a major update with the upcoming Chang hard fork. This crucial moment is preceded by a recent upgrade of its node validation software, setting the stage for a significant milestone in Cardano’s development. The network is currently experiencing a surge in activity as it prepares for the
A recent letter from a group of Democrat politicians has urged the Democratic National Committee (DNC) to reconsider its stance on cryptocurrency and blockchain technology. The letter emphasizes the importance of taking a “forward-looking approach” to these digital assets, highlighting their potential for American innovation, economic growth, and financial inclusion. The Democrats express concern over
Senator Cynthia Lummis recently introduced a new piece of legislation that has the potential to significantly impact the economic landscape of the United States. The bill aims to establish a Bitcoin strategic reserve for the US, with the goal of accumulating at least 1 million BTC, which represents 5% of the total Bitcoin supply. The
Marathon Digital, a leading Bitcoin mining company, has made a bold move by investing a substantial $100 million in BTC. This recent investment highlights the company’s confidence in the long-term potential of Bitcoin, despite previous price fluctuations in the market. The press release published by MARA (formerly known as Marathon Digital) announced the purchase of
The spot Ethereum ETFs were given the green light by the SEC a few months ago, and they officially launched last Tuesday. However, the initial results have been quite underwhelming, especially when compared to the launch of spot Bitcoin ETFs earlier this year. While the spot Ethereum ETFs saw a solid first day with over
The cryptocurrency industry has seen significant developments in 2024, with a particular focus on Ethereum and the approval of exchange-traded funds (ETFs) by the US Securities and Exchange Commission. While these events have brought validation to Ethereum, the actual trading performance of the newly launched ETFs has been underwhelming. The approval of Ethereum ETFs earlier
Semilore Faleti’s journey in the cryptocurrency world began with a broad spectrum of writing skills that eventually led him to specialize in journalism and content creation within the blockchain and cryptocurrency space. While he initially dabbled in writing on various topics, it was his natural ability to unravel the complexities of this intriguing world that
The idea of the federal government investing in Bitcoin has recently gained momentum, with Kennedy proposing that the government should buy Bitcoin until its holdings match the value of the nation’s gold reserves. This proposal raises several important questions about the future of currency and the role of governments in the digital age. Kennedy’s proposal