Santiment, a leading crypto analytics platform, has recently shed light on the prevalence of short positions involving Cardano (ADA) and XRP, indicating that this metric could potentially signal a bullish outlook for both digital assets. In the aftermath of the recent market crash, these prominent altcoins have suffered significant losses,
Following an awe-inspiring keynote, BlockDAG’s market innovations and technology shifts reveal exciting developments. This article explores Ethereum’s resilience, Solana’s price challenges, and BlockDAG’s advancements in mining rigs. BlockDAG presale surpasses $52.3 million, selling over 11.7 billion coins, and highlights how digital currencies and blockchain tech shape financial landscapes and investment
Along with a recent precipitous drop in price to about $64,100, the average block size and transaction rates of the Bitcoin network have seen a dramatic dip. The sudden decline in Bitcoin blockchain activity, as measured by the diminution in block size (the amount of transaction data included in each
The prime minister of Montenegro, Milojko Spajic, is in a controversy over his prior investment in Terraform Labs, a collapsed crypto firm founded by Kwon Do-hyung. Imprisoned in Montenegro in connection with the 2022 collapse of the company’s cryptocurrencies. Vijesti, the Montenegrin newspaper, reports a data sheet submitted to the
Amidst the recent downturn in the crypto market, Shiba Inu (SHIB) has displayed significant price swings, sinking approximately 14.48% over the last 24 hours to hit a three-month low of $0.0000173, a level not seen since March. This decline reflects broader market movements worsening SHIB’s downtrend. Instead of efforts to
After becoming a validator on Fetch.ai’s decentralized blockchain, Deutsche Telekom set its sights on expanding Web3. In continuation with its current crypto-based initiatives, Deutsche Telekom has declared its intention to begin Bitcoin mining. Since 2023, the telecom company has operated Bitcoin nodes, and they are now running Bitcoin Lightning Network
Adam Moskowitz and David Boies, who are representing FTX creditors in a class action lawsuit, have made great strides in their quest for justice on behalf of those impacted by the crypto exchange’s demise. They are requesting the seizure of assets associated with the troubled FTX founder, Sam Bankman-Fried (SBF).
The Solana (SOL) coin price continues to trade under bearish pressure, despite the increased price volatility observed in the broader cryptocurrency market. The altcoin has repeatedly failed to break out of its resistance zone, indicating a weak price action and a lack of bullish momentum. Since the cross-market correction that
As the price of cryptocurrencies plummeted and liquidations increased, Bitcoin miners made the largest sell of reserves since late March 2024. Bitcoin miners’ stance on holding or selling reserves influences market patterns. There has been a severe ongoing downtrend in the cryptocurrency market, as a number of assets have taken
Two wallets associated with Alameda Research, the sister trading firm of the now-bankrupt FTX exchange, recently transferred a total of $12 million worth of cryptocurrency. On June 11, PeckShield notably reported that an Alameda Research address transferred 5,000 vBTC, worth over $2 million, to the algorithmic trading firm Wintermute. Additionally,
