The cryptocurrency market has been experiencing a turbulent period, with Bitcoin’s price performance in June leaving many investors disappointed. The recent decline in Bitcoin’s price has raised concerns among traders and analysts about what to expect in July and the coming months. Crypto analyst Zen has provided a critical assessment of different scenarios that could
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Ethereum had a tough week, as it fell by 3% and struggled to defend the key support level at $3,500. The downward trend has been clear with the past five weekly candles closing with a lower low. In order to reverse this trend, ETH must push above $3,700 and challenge the resistance at $4,000. Failure
The cryptocurrency markets are currently experiencing a downturn, with Bitcoin approaching the $60K mark and most altcoins showing gradual declines. The total market capitalization has fallen to $2.37 trillion, signaling a weakening sentiment among investors. Bitcoin, in particular, has seen a 1.3% decrease in price over the past 24 hours, contributing to a total weekly
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual with a diverse set of skills. He is a web3 content writer, journalist, and aspiring trader who has made a name for himself in the crypto space. Edyme has contributed to various industry publications such as AMBCrypto, Blockchain.News, and Blockchain Reporter. His journey
Binance, one of the largest cryptocurrency exchanges in the world, recently announced that it is implementing stricter measures to address account misuse. The company stated that certain account features on the platform are being misused or exploited to gain unfair advantages such as better fee rates and higher API limits over other users. While it
With the upcoming launch of the first Ethereum ETFs in the United States, industry experts are speculating about the potential impact on Ethereum’s price in the market. The US Securities and Exchange Commission (SEC) is expected to approve these ETFs by July 4, leading to discussions reaching their final stages. According to insider sources, the
The US Securities and Exchange Commission (SEC) is currently in the final stages of discussions with eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, regarding the approval of spot Ethereum ETFs. This comes after these firms successfully launched spot Bitcoin ETFs in January, marking a significant milestone after years of regulatory struggles. The
The US spot Bitcoin ETFs are showing signs of slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum follows a recent uptick in activity that began on Tuesday. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days, signaling a potential cooling off
The village of Yamakoshi in Japan’s Niigata mountains has revolutionized its development and addressed the issue of an aging population through the innovative use of NFTs. The Neo-Yamakoshi Village project, launched in 2021, has garnered the interest of 1,700 “digital citizens” who have invested in Nishikigoi NFTs, generating over $423,000. This unique approach merges digital
The recent settlement between Abra and CEO William “Bill” Barhydt with 25 US state regulators for providing crypto trading services without proper licenses has brought attention to the importance of regulatory compliance in the cryptocurrency industry. The Conference of State Bank Supervisors (CSBS) announced the terms of the settlement on June 26, highlighting the agreement