Crypto

Bitcoin (BTC) experienced a significant rally last week, surpassing the $44,000 mark. However, it encountered strong resistance at nearly $45,000 and subsequently dropped in value. An analyst at market analytics platform CryptoQuant suggests that profit-taking by a specific group of investors may have triggered the retracement. Through an analysis of on-chain data, CryptoQuant’s analyst, Yonsei,

Bonk Inu (BONK) has recently emerged as a sensation in the cryptocurrency market, drawing attention from investors and crypto enthusiasts alike. Co-founder of BitMEX, Arthur Hayes, took to Twitter to praise BONK’s valuation performance and even suggested that it could surpass Shiba Inu (SHIB) to become the second-biggest memecoin in the digital asset world. Exploring

Bitcoin has had an incredible run this year, with its price skyrocketing by approximately 150% since the beginning of the year. This remarkable performance has led experts and analysts to ponder whether the cryptocurrency has the potential to reach the elusive mark of $100,000. One analyst, DonAlt, who is known for his popular YouTube channel

Cryptocurrency markets have been on a recent surge, and this trend is not limited to just traditional centralized exchanges (CEX). The realm of decentralized finance (DeFi) has also experienced a spill-over effect. Historically, decentralized exchanges (DEX) have had lower trading volumes compared to their centralized counterparts. However, the recent market rally has led to increased

The United States Department of Justice (DOJ) has recently taken legal action against two individuals accused of perpetrating a large-scale crypto Ponzi scheme. David Gilbert Saffron, a 51-year-old from Australia, and Vincent Anthony Mazzotta Jr., a 52-year-old from California, allegedly defrauded investors of approximately $25 million. The Justice Department’s press release reveals the details of

The native cryptocurrency of Ethereum, Ether (ETH), has made an impressive rebound in 2023. After experiencing significant losses in 2022, the price of ETH has surged to around $2,400, according to CoinGecko’s data. While this is a positive development, it is still far from its all-time high of over $4,800 recorded in November 2021. Optimistic

Bitcoin made an attempt to surpass the $43,000 mark over the weekend but fell short and retreated back to its starting point at around $42,000. While the primary digital asset experienced a slight recovery, most altcoins remained in the red with only Shiba Inu and Internet Computer managing to achieve notable gains. After reaching a

Recent research conducted by TRM Labs has revealed that the cryptocurrency industry experienced a notable downturn in hack volumes in 2023. Compared to the previous year, there was a significant decrease of more than 50%. Although the number of attacks remained consistent at approximately 160, the total value stolen plummeted to $1.7 billion, a stark

The cryptocurrency market is evolving, and so is the demand for exchange-traded funds (ETFs). Traditional finance companies are now seeking regulatory approval to introduce innovative products to meet the growing investor appetite. First Trust, an asset management firm, is the latest player in the game, aiming to create a unique offering in the form of

Tether, the company responsible for the largest stablecoin, has taken significant measures to address concerns raised by US Senator Cynthia Lummis and Rep. French Hill regarding the alleged use of stablecoins in illicit activities. In its effort to combat issues such as funding terrorism and money laundering, Tether has released two letters directed at the