Bitcoin has had an eventful few weeks in terms of price action. The world’s largest crypto is currently at a 19% increase in the past seven days and a 43% increase in the past 30 days, its highest percentage gain in over a year. As a result, a huge number of BTC addresses have been pushed into the profitability zone. For the first time in over two years, 97% of all Bitcoin addresses are now in profit. Number Of Bitcoin Read more …
As of Sunday, March 3, 2024, bitcoin’s value persists in the $60,000 per unit vicinity, signaling the fifth instance this year that its price has sustained above this level. Naturally, as bitcoin’s value escalates, its duration above such thresholds shortens when contrasted with past significant milestones such as $30,000, $40,000, and $50,000. Bitcoin’s Price Discovery […] Source
Bitcoin is exiting exchanges at the fastest pace since mid-2021 and is on track to set new historic records in U.S. dollar terms. Bitcoin (BTC) is leaving exchanges at the quickest rate in years as BTC price action vies for all-time highs. In a post on X on March 3, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged multibillion-dollar BTC withdrawals. Mainstream investors may not yet have returned to crypto, but in the background, Bitcoin Read more …
Exchange data has revealed continued bullish sentiment from Ethereum traders. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a holding mentality among investors. This massive exodus of ETH from exchanges could indicate that traders are anticipating higher prices and moving their holdings into private wallets for long-term storage. The holding attitude has emerged amid a wider spike in the price of cryptocurrencies throughout the market and numerous demands for Ethereum to cross Read more …
Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as key drivers of cryptocurrency prices. Veteran trader Peter Brandt has revised his […] Source
The promise of the blockchain and cryptocurrency still remains strong. Globally, there continues to be growing interest in the blockchain and peer-to-peer exchanges. We are seeing the institutional adoption of crypto and a rise in interest in retail adoption, too. We have seen the example in the approval of ETFs for bitcoin. However, with every […] Source
The committee’s Chair, Ginger Onwusibe, warned that if Binance ignores the summons, the committee will exercise its constitutional authority and take necessary actions. The Nigerian House of Representatives Committee on Financial Crimes has called Binance CEO Richard Teng to appear before the committee over suspicions of terrorism financing and money laundering. According to a local news outlet, Punch, the committee’s Chair, Ginger Onwusibe, issued an ultimatum to the management of Binance on March 1 to appear before the committee on Read more …
The world of meme coins, the often-controversial corner of the cryptocurrency market, is experiencing a surge in early March 2024. Led by the unexpected rise of Dogwifhat (WIF), several meme coins have seen their market capitalization explode, attracting significant investor interest. Source: Coingecko Dogwifhat: Meteoric Ascent Dogwifhat, a dog-themed meme coin launched on the Solana blockchain only three months ago, has become the undisputed champion of the recent rally. WIF reached a staggering all-time high of $1.50 on major exchanges, Read more …
In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms Win Case Against Bitcoin Mining Data Survey The United States District Court for the Western District of Texas has […] Source
Cryptocurrency users whose assets were affected by FTX’s bankruptcy took to X social platform to express their concerns, seeking accountability from FTX. FTX has opened a claim window, and claims for major crypto assets such as Bitcoin (BTC), Ethereum, Solana (SOL), and BNB (BNB) were priced significantly lower than the current market values. Wu Blockchain’s findings show that the FTX claim window pricing set stands at $16,871 for BTC, $1,258 for ETH, $16.24 for SOL, and $286 for BNB. These Read more …
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says bitcoin is the offramp from central banks’ “money printing machine.” Emphasizing that bitcoin is a “hard currency,” he stressed the importance of making the cryptocurrency available to the American public. “Transactional freedom is as important as freedom of speech and you only get that from […] Source
Chainlink founder Sergey Nazarov pointed out the significant new crypto buyer group while eyeing off the next development in the crypto market, real-world asset tokenization. In a recent interview, Chainlink (LINK) founder Sergey Nazarov stated that the current cryptocurrency market cycle is unique due to the sheer amount of new types of investors entering the market, which may fast-track the adoption of real-world asset tokenization quicker than the industry initially anticipated. Speaking to Bloomberg on February 28, Nazarov emphasized that Read more …