Crypto

The crypto market has been experiencing a lackluster performance recently, with a significant decline in whale activity across major crypto assets. Recent analysis conducted by Santiment has revealed that both Bitcoin and Ethereum are witnessing noticeable drops in high-value transactions. This decline in whale activity is particularly evident during the period of March 13-19, where
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Recently, crypto analyst ‘Titan of Crypto’ shared an interesting observation with his 90,000 followers on Twitter. He pointed out the formation of a golden cross between the 100-day moving average and the 200-day moving average. This unique pattern, never seen before, indicates a bullish long-term trend reversal. The 100-day moving average had been above the
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Last month, the cryptocurrency industry faced a massive blow with over $313 million in losses attributed to various hacking incidents. Shockingly, 93.5% of the stolen funds were a result of just two major phishing attacks. These attacks led to a staggering loss of $293.4 million, highlighting the vulnerability of crypto holders to sophisticated fraudulent schemes.
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The Crypto Wealth Report 2024 by Henley & Partners has revealed some astonishing statistics regarding the growth of wealth in the crypto market. The number of individuals holding over $1 million in digital assets has skyrocketed by an impressive 95% to 172,300. This surge in wealth comes as the total value of the crypto market
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Data from Bitbo reveals a concerning trend for bitcoin miners, as they experienced their worst revenue month in nearly a year. In August, BTC mining activities only generated $827 million, marking a significant drop of over 10% from the previous month’s $927.35 million. On-Chain Fees On-chain fees were also impacted, with network participants receiving $20.76
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The digital asset investment market witnessed a significant downturn last week, with outflows totaling $305 million. This negative sentiment was felt across various providers and regions, prompting concerns among investors. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States. This data has resulted in a decreased likelihood of a
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Bitcoin’s price took a drastic hit in the past 24 hours, dropping to a 2-week low of $57,100. This comes after a week of tumultuous price actions for the leading cryptocurrency. Just a week ago, Bitcoin soared to over $65,100, reaching a multi-week peak following positive developments in the US. However, the bullish momentum was
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The payments industry has seen massive growth over the past 50 years, becoming one of the largest and fastest-growing sectors globally. However, a significant issue plagues the sector – it still relies on outdated technology that becomes increasingly inefficient over time. Traditional payment systems, filled with multiple intermediaries, have created a cumbersome process that incurs
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