Sat, July 25

Bitcoin Price Fails To Reverse Downtrend; Further Decline Likely?

Bitcoin (BTC) price failed to sustain the bullish momentum after the price spiked on August 23, and is now trading around the $26,000 mark. Despite the ongoing bear assault, on-chain data is showing signs of improvement for traders. The data shows that Bitcoin supply on cryptocurrency exchanges has hit a

August 25, 2023 2 mins read

Bitcoin Experiences Highest Wallet Activity in Past 30 Days

The crypto market has experienced a massive downtrend over the past few weeks. The top cryptocurrencies in the crypto market have shown strong bearish momentum. On the other hand, according to the Santiment data, several cryptocurrencies have witnessed the highest level of address activity. 📈🧐 The top 10 assets by

August 25, 2023 2 mins read

Bitcoin Fails to Recover. More Crash to Come?

The crypto market is currently locked in a fierce struggle against dominant bears, showing a glimmer of hope as the market capitalization rises by 1.82%, reaching $1.07 T. Bitcoin and Ethereum, the major coins, have made strides, surging by 1.70% and 2.59% respectively in the last 24 hours. However, these

August 24, 2023 2 mins read

Bitcoin Network’s Hash Rate and Difficulty Reach New Highs

The underlying Bitcoin network is not looking to follow the negative BTC price behavior. New records have been set for both difficulty and hash rate, as verified by the most recent on-chain statistics. Bitcoin miners seem to be unfazed by the recent price decrease of 10%. On August 22nd, the

August 23, 2023 1 min read

Bears Take Bitcoin (BTC) Below $26K, More Downtrend Ahead?

The crypto market has experienced a massive downtrend due to selling pressure over the past few weeks. Bitcoin (BTC), the world’s largest cryptocurrency, fell below the $26K mark, showing bearish momentum. Following BTC’s fall, the major altcoins are facing a similar downtrend. According to the Onchain data, the recent price

August 23, 2023 2 mins read

South Korean City of Cheongju To Confiscate Crypto from Tax Evaders

It has been announced that crypto belonging to tax evaders would be confiscated in the city of Cheongju, the capital of North Chungcheong province, South Korea. Local news outlet Yonhap reported on August 22 that the Cheongju authority has asked seven cryptocurrency exchanges in South Korea to investigate the assets

August 22, 2023 1 min read

Bitcoin (BTC) Price Consolidates as Further Decline Looms

The crypto market has faced severe selling pressure for the last few days. The price of Bitcoin declined all the way to the $25,000 range. At the time of writing the price has been trading in a confined range. During the severe crash, the majority of altcoins have also lost remarkably,

August 22, 2023 2 mins read

Ordinals Dominate Bitcoin Network Activity Amid Price Volatility

Although Bitcoin’s price has dropped recently and there have been rumors that the euphoria around Bitcoin NFTs has faded down, ordinary inscriptions remain in control of network activity as per recent statistics. Ordinals developer “Leonidas” said on August 21 that out of Bitcoin’s 530,788 transactions in the previous day, 450,785

August 21, 2023 1 min read

Bitcoin (BTC) Sticks to $26K Due to Massive Sell-Off, More Dump Incoming?

The crypto market has experienced a massive downtrend in the past few days. Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a slight recovery after falling below the $26K mark. However, the trading price of BTC is still around the $26,000 mark, showing strong bearish momentum. Before the recent dump,

August 21, 2023 2 mins read

U.S. Judge Rules AI-Created Works Ineligible for Copyright Protection

U.S. District Judge Beryl Howell has ruled that works fully created by artificial intelligence are not eligible for copyright protection. Thus, upholding the view of the U.S. Copyright Office. This decision is timely given the widespread fear that generative AI may one day replace human creators in fields like art

August 20, 2023 1 min read