Bitcoin’s market dominance has long been considered an important indicator of its strength in the cryptocurrency market. However, a closer analysis reveals that the concept of “Bitcoin dominance” may not provide as much insight as it initially appears. This article will explore the limitations of this metric and the broader dynamics at play in the
Binance, one of the largest cryptocurrency exchanges in the world, recently issued a statement addressing the resolution of investigations by the U.S. Department of Justice (DOJ) and other agencies. The company admitted to past wrongdoing and expressed its satisfaction in resolving the investigations. However, upon closer examination of the statement, several concerns and shortcomings can
The world of cryptocurrencies is constantly evolving, and a new class of cryptocurrencies is making waves in the market. These cryptocurrencies, known as AI crypto tokens, are gaining popularity for their integration of artificial intelligence into blockchain architecture. With capabilities such as predictive analytics and automated trading algorithms, AI crypto tokens leverage machine learning to
In a shocking turn of events, Binance CEO Changpeng Zhao, commonly known as CZ, has reportedly pled guilty to violating U.S. anti-money laundering requirements. This startling news comes alongside reports that Binance itself will also plead guilty to money laundering violations. As a result, CZ will be stepping down from his role at the exchange,
In a recent market commentary, cryptocurrency analyst LuckSide Crypto expressed optimism about Cardano’s ADA token, suggesting that it is primed for a major breakout despite recent price struggles. While acknowledging that ADA has faced challenges in the past, LuckSide Crypto believes that the broader cryptocurrency market is on the verge of a bullish turn. LuckSide
The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Kraken, a prominent cryptocurrency exchange, alleging multiple violations of federal securities laws. While the SEC has made serious accusations against Kraken, what stands out is the mention of Solana and Cardano throughout the lawsuit. These two leading smart contract platforms have been increasingly
The Fantom Foundation, a nonprofit organization responsible for developing the Fantom blockchain platform, recently addressed a significant vulnerability following a hack that resulted in the loss of $550,000 worth of funds. Occurring on October 17, the hack targeted the foundation’s hot wallet. An unidentified attacker managed to drain 1% of the Fantom Foundation’s funds. In
Bitcoin (BTC) is currently experiencing a consolidation phase, leaving investors uncertain about the future and concerned about the potential decline in price. The Bitfinex Alpha report reveals that BTC is hovering around the $37,000 price range, showing signs of diminishing momentum and positive funding rates on futures contracts. This historically indicates market declines, further strengthening
Nike has once again teamed up with digital fashion brand RTFKT for an exciting collaboration, introducing the highly anticipated RTFKT Dunk Genesis collection. This collection sets itself apart from previous collaborations by allowing customers to purchase the sneakers without needing to own a corresponding RTFKT non-fungible token (NFT). This move opens up the opportunity for
Ethereum price has shown signs of strength recently as it started a fresh increase above the $1,950 resistance level. This upward momentum has allowed ETH to consolidate above $2,000 and the 100-hourly Simple Moving Average. One notable move for Ethereum was the break above a major bearish trend line with resistance near $2,010 on the
