In a bid to bolster security within the cryptocurrency industry, Kraken recently announced its collaboration with other major players to co-found the Blockchain Security Standards Council (BSSC). The purpose of this nonprofit organization is to establish uniform security standards across the crypto sector, with the goal of addressing critical security threats such as fraud, nation-state
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A crypto analyst known as ‘DonAlt’ has made a bold prediction regarding the future of Bitcoin (BTC), stating that the cryptocurrency could potentially surge to $100,000 in the coming years. This optimistic outlook is based on the increasing inflows into Spot Bitcoin ETFs and the anticipation of an upcoming bull run in the crypto market.
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
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 Bitcoin network is currently displaying signs of miner capitulation. This phase is characterized by miners either shutting down their operations or selling off a portion of their Bitcoin reserves. Following the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This decline indicates that less efficient miners
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, including a lawsuit related to its NFTs. Recently, a US District Judge in Massachusetts made a ruling that denied DraftKings’ motion to dismiss a class action lawsuit concerning its NFTs. This particular decision has the potential to have widespread implications for how NFTs are
In the first half of 2024, Bitcoin and Ethereum have emerged as the most profitable assets, outperforming traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This surge in performance has caught the attention of investors and asset managers alike, who are now taking notice of the potential
Keith Gill, also known as “Roaring Kitty,” is currently embroiled in a securities fraud lawsuit stemming from his involvement in the 2021 GameStop trading frenzy. The class-action lawsuit, filed on June 28 in the Eastern District of New York, alleges that Gill orchestrated a “pump and dump” scheme by leveraging his social media presence to
The latest analysis from CryptoQuant highlights several key on-chain metrics that could indicate a potential bottoming out of the bitcoin price and a resurgence in cryptocurrency prices. One of the crucial signals to watch is the Bitcoin Bull-Bear Market Cycle indicator, which is currently showing that the market is at its least bullish state since
Recent events have shed light on the decline in Bitcoin’s price, with major sell-offs taking place, primarily instigated by governments such as Germany and the US. The German government’s sale of 2,786 BTC, valued at $140 million, and the US government’s transfer of 3,940 BTC to the Coinbase exchange, worth $241.22 million, have significantly impacted