Bitcoin faces a pivotal moment as it navigates conflicting monetary policies and fluctuating investor sentiment. This week, the focus is on the UK and Eurozone, where central banks are expected to implement rate hikes that could have broad implications for risk-on investments. The Bank of England’s monetary policy committee is
June 20, 2023 2 mins read
Cardano’s ADA token, a competitor to Ethereum, has displayed a technical analysis pattern known as the “death cross” on its daily price chart. The death cross is observed when the 50-day simple moving average (SMA) falls below the 200-day SMA. While some followers of the technical analysis view the death
June 20, 2023 1 min read
Sweat Economy, the leading web3 platform that tokenizes physical activity, recently conducted a groundbreaking governance proposal vote, granting its community members the power to shape the project’s future. The vote centered around the recovery of idle $SWEAT tokens held in inactive user accounts, which accounts for approximately 2.5 billion tokens,
June 20, 2023 3 mins read
Recent data shared by Etherscan indicates significant transfers of Shiba Inu meme coins within the past few hours. A total of 27.6 billion Shiba Inu were moved in five transactions, with the largest transfer consisting of 10 billion SHIB. Anonymous wallets were responsible for moving approximately 17 billion Shiba Inu
June 19, 2023 1 min read
Bitcoin (BTC) experienced a significant and sustained price crash in the past 24 hours, resulting in unprecedented crypto sell-offs across more than 97% of the top 100 altcoins. CoinGlass data indicates that the market witnessed total liquidations amounting to approximately $162.7 million during this period. Bitcoin’s price slipped below the
June 15, 2023 1 min read
BlackRock, the world’s largest asset manager, is reportedly nearing the submission of an application for a Bitcoin ETF (exchange traded fund), as per an individual familiar with the situation. The source further stated that BlackRock intends to utilize Coinbase (COIN) Custody for the ETF, while relying on the crypto exchange’s
June 15, 2023 1 min read
Brazil President Luiz Inácio Lula da Silva, commonly known as Lula, has approved new legislation outlining the responsibilities of the country’s central bank and securities regulator regarding cryptocurrencies. The government decree, numbered 11.563, was signed on June 14 and provides clarity on the legal framework for cryptocurrencies established by a
June 14, 2023 2 mins read
Bitcoin mining difficulty has reached a new record high, as indicated by data from BTC.com. At block height 794,304, the mining difficulty increased by 2.18% to reach a peak of 52.35 trillion. The average hashrate of the entire network, another important metric, is currently at 383.87 exahashes per second, which
June 14, 2023 1 min read
According to blockchain analytics firm Glassnode, there has been an increase in the transfer of bitcoin (BTC) from miners to centralized exchanges since May 31. Data reveals that miners or entities responsible for minting coins by verifying transactions on the blockchain have moved a total of 6,671.99 BTC ($174 million)
June 13, 2023 2 mins read
XRP prices experienced a 7.4% increase over the past 24 hours, defying minor gains observed in the broader cryptocurrency market. This surge in value is likely attributed to traders speculating on a positive outcome for Ripple Labs in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC).
June 13, 2023 1 min read