Ethereum 2.0 staking has experienced a remarkable surge in recent times, with the deposit contract for staking Ethereum on the Beacon Chain hitting an all-time high of 47.36 million ETH. This figure represents a staggering 33.9% of the total supply of Ethereum, signifying a significant increase from just two years ago when it accounted for
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The recent dip in Bitcoin’s price, attributed to factors like Mt. Gox repayments, has been a cause for concern among investors. The primary cryptocurrency experienced a significant correction, dropping by around 15% in the past 30 days. However, many analysts and industry participants view this as a temporary setback, with a potential for a price
The latest buzz in the cryptocurrency world revolves around Ethereum (ETH) as it takes the spotlight as the top trending token. This surge in popularity can be attributed to the updated S-1 forms filed for spot ETH ETFs by major financial institutions such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton. The market intelligence
The recent news of Artur Schaback, co-founder and former CTO of Paxful, pleading guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program has sent shockwaves through the fintech industry. The US Department of Justice’s revelation that Schaback neglected to collect necessary KYC information of customers who traded on
Recently, the Bitcoin price experienced a significant drop below $60,000 due to rapid selling by major holders such as the German and US governments. This resulted in one of the largest drops seen for the pioneer cryptocurrency in the last two years, causing the market to lose billions of dollars. However, despite this downturn, the
Bitwise Chief Compliance Officer (CCO) Katherine Dowling recently expressed optimism regarding the approval of spot Ethereum ETFs, stating that they are “close to the finish line.” She highlighted the positive reception from the SEC, mentioning that discussions about potential products have been well-received. In a recent interview with Bloomberg, Dowling mentioned that the SEC and
The Sovereign Nature Initiative (SNI) has recently announced a groundbreaking partnership with Unique Network and WalletConnect on the Polkadot blockchain. This collaboration, known as DOTphin, is set to launch at the highly anticipated Polkadot Decoded 2024 event. DOTphin, which garnered substantial community support through Polkadot OpenGov, aims to utilize Non-Fungible Tokens (NFTs) to drive environmental
Bitcoin (BTC) recently experienced a significant drop in price, hitting its lowest level since February 26. Despite this, Bitfinex analysts have identified on-chain signals that suggest the leading cryptocurrency may be poised for a recovery. This article will delve into the details of these on-chain indicators and their implications for the future price movement of
The Republican Party has made headlines by including Bitcoin and cryptocurrency in their official platform for the 2024 election, marking a significant shift in their stance towards digital assets and blockchain technology. This move reflects the influence of former President Trump and signals a broader trend within the party towards embracing the potential of cryptocurrencies.
The Bitcoin price has seen a significant decrease of more than -22% since the mid-March high of over $73,000. While the current price of BTC is hovering around $57,000 after the recent crash, there is speculation that there could be further downside ahead if history repeats itself. Jacob Canfield, a trading mentor at Trading Mastery,