Bitcoin (BTC), the largest cryptocurrency by market cap, has observed a decline in its active address count, as per the data from Glassnode. Usually, a decline in the active addresses is found during a surge in the Bitcoin transaction fees. Moreover, the network activity of Bitcoin has reached its lowest
June 17, 2024 2 mins read
The altcoin market has been dominated by bears in recent weeks, with little significant momentum. Although considerable changes and growth are anticipated, most coins are moving at a slow pace. However, MATIC, the native token of Polygon, has experienced a notable imbalance compared to the broader crypto market. MATIC has
June 17, 2024 2 mins read
Ethereum bulls and bears are in a feud to break the $3K range to go to a high of $4K. Thus, at the time of writing, the coin is trading at $3,535 with a 0.67% gain in the past 24 hours. After a 15.89% decline, the daily trading volume recorded
June 15, 2024 2 mins read
Australia and other major markets such as the United States and Hong Kong are embracing Bitcoin ETFs as an investment option. Along the line, the Australian Securities Exchange Ltd. (ASX), has officially approved the first spot Bitcoin exchange-traded fund. It will begin trading on June 20. Fund issuers like Van
June 15, 2024 2 mins read
Trezor, a hardware cryptocurrency wallet, launched three products, namely, Trezor Safe 5, the Bitcoin-only version, and Trezor Expert onboarding service, on June 14. Trezor CEO Matej Zak announced this at BTC Prague 2024, the largest Bitcoin event in Europe. The products are designed to promote self-custody among digital asset holders
June 14, 2024 2 mins read
The U.S. SEC Chairman Gary Gensler’s statement regarding the spot Ethereum ETF approval by September has spurred the community to speculate on the price momentum of Ethereum (ETH). Notably, demand for Ethereum surged this week. This is evident from the inflows of permanent holders purchasing 298,000 ETH on Wednesday, marking
June 14, 2024 2 mins read
XRP, is one of the prominent altcoins, despite being one of the top cryptocurrencies by market cap. It has experienced a prolonged period of underperformance due to ongoing legal battles with the U.S. Securities and Exchange Commission (SEC). This week also marked a bearish phase with a 7% decline. Currently,
June 13, 2024 2 mins read
Toncoin (TON), the native token of the TON blockchain developed by Telegram, is standing out in the altcoin market’s challenging landscape. Despite prevailing adverse conditions, Toncoin has risen by 8.60% in the past 24 hours, surging to $7.64. Analysts are optimistic, forecasting a potential rise to $10 in the near
June 13, 2024 1 min read
Ripple CEO Brad Garlinghouse announced the company’s much-anticipated new stablecoin, Real USD (RLUSD). Which happened at the XRP Ledger Community Summit 2024 (XRPL Apex) in Amsterdam. Further, the announcement was made during his keynote speech. That emphasizes Ripple’s ongoing journey with stablecoins and its dedication to expanding its ecosystem. Garlinghouse
June 12, 2024 2 mins read
Bithumb, the second-largest cryptocurrency exchange in South Korea, has announced the launch of the Internet Computer Protocol (ICP) Korean Won (KRW) trading market to commence on June 12, 2024, at 20:00. The launch of the ICP-KRW trading pair is expected to provide more possibilities and facilitate liquidity in the market.
June 12, 2024 2 mins read
