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Blockchain Parser Discovers Strange Spending of $58.7M Worth of Sleeping Bitcoins From 2017
5.2.2024
In the past week, several strange movements of dormant bitcoins have captured the attention of onchain analysts, with nine transactions on Jan. 31, 2024, mobilizing 726 bitcoins that had been stagnant since Mar. 30, 2016. Merely two days after, a staggering 1,210 bitcoins, originating from...
Bitcoin (BTC) users pouring into DeeStream (DST) last week as Ripple (XRP) holders are selling
5.2.2024
  Can anything ever get better than Bitcoin (BTC)? Bitcoin (BTC) has long established itself as the leading cryptocurrency in the world. However, a new coin, DeeStream, has got Bitcoin (BTC) users pouring into its project in droves. Not just that, Ripple (XRP) holders are selling off their...
Ethereum Technical Analysis: ETH Remains Range Bound With Neutral to Bullish Momentum
5.2.2024
Ethereum’s price held above $2,300 over the past 24 hours, ranging between $2,266 and $2,333. The cryptocurrency faces technical resistance at its recent highs according to an analysis of key oscillators and moving averages. These indicate continued neutral to bullish momentum over the past...
Bitcoin Technical Analysis: BTC Holds Steady Above $43K as Bulls Defend Support
5.2.2024
Bitcoin’s price is holding above the $43,000 range after bulls defended key support levels over the weekend. The leading crypto asset is up 2% week-to-date and 5.6% over the past two weeks. Bitcoin On the 1-hour chart, bitcoin’s price action shows a short-term uptrend, with higher lows...
XRP Price Prediction as ChatGPT Says XRP Will ‘Blow Past’ All 2024 Forecasts – Here’s Why
5.2.2024
The XRP price has declined by 1.5% in the past 24 hours, falling to $0.5046 on a day when the cryptocurrency market has gained by a modest 1%. XRP is now down by 4% in the past week and by 11% in a month, although the altcoin remains up by 22% in the past year. […]
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Blockchain Basics Act Reaches Tennessee, 16 Legislatures Working on Similar Bills
5.2.2024
The Blockchain Basics Act, a bill that seeks to secure the rights of state citizens regarding cryptocurrency ownership, self-custody, and mining, has reached Tennessee. The bill, supported by the Satoshi Action Fund, was introduced to the State House by Rep. Kevin Vaughan and simultaneously to...
Nayib Bukele wins reelection as president of El Salvador
5.2.2024
Nayib Bukele, who gained a decisive victory and is renowned for his affinity with Bitcoin, has been sworn in as the president of El Salvador for 2024. Bukele disclosed the information prior to the electoral body’s official announcement. According to a tweet by Bukele, he emerged victorious...
South Korea suggests crypto executive vetting for better supervision
5.2.2024
The Financial Services Commission (FSC) of South Korea has proposed modifications to the crypto regulations that would provide more power to authorities investigating crypto businesses. To commence, it will be mandatory for newly hired personnel of cryptocurrency-related organizations to provide...
Will XRP rise in 2024, meeting investors’ expectations?
5.2.2024
XRP is currently exchanging hands at $0.5048, with a drop of 1.46% in the last 24 hours. It further reflects a drop of 3.97% in the last 7 days and 12.23% in the last 30 days. The token continues to dance around the mark of $0.505 as the article is being drafted. The community has …
South Korea’s Financial Services Commission Proposes Regulatory Approval Requirement for Crypto Executives
5.2.2024
South Korea’s financial regulator has put forward new amendments that would require regulatory approval for new executives joining cryptocurrency companies. In an official announcement, the Financial Services Commission (FSC) said it aims to address the existing pain points in the current...
Genesis seeks court approval to sell GBTC shares worth $1.4B
5.2.2024
Genesis Global Capital, a presently inactive entity that was engaged in cryptocurrency lending, has recently submitted a revised motion to the United States Bankruptcy Court for the Southern District of New York. This is in reference to its need to receive approval for liquidating trust assets...
Dogecoin gains traction, signals a potential comeback for DOGE
5.2.2024
Dogecoin is down in three categories at the moment: 24 hours, 7 days, and 30 days. The slip is 0.66%, 1.17%, and 6.13%, in the same order. The meme token, yet, never really lost anyone’s interest. The community has backed it all along, and members now have two core reasons to strengthen their...
Can Fantom rise again with Sonic and an ideological shift?
5.2.2024
Fantom rose to fame in 2021 with a bull run but has not been in the best position ever since. The network encountered massive liquidation, the founder’s abrupt hiatus, and a ground-breaking exploit. Even amid the negativity, Fantom has not stopped its transformation. The network has been working...
Bitcoin Price Prediction: BTC Nears $42,500 Amid Bukele Win and Soaring ETF Interest
5.2.2024
During the Asian trading session, Bitcoin’s latest price prediction takes into account a modest retreat to $42,585, marking a slight downturn of over 1%. This movement coincides with significant developments in the sector: President Nayib Bukele’s electoral success in El Salvador,...
Spanish Treasury Proposes Tax Reform to Allow Cryptocurrency Seizures
5.2.2024
The Spanish Treasury is proposing a tax reform to allow the seizure of cryptocurrency assets when liquidating tax debts. According to local sources, the proposal would also allow the state administration to embargo these digital assets as it is giving the first steps by declaring electronic money...
FTX Estate to Monetize AI Investment, Seeks Sale of Anthropic Shares Amid Bankruptcy Proceedings
5.2.2024
In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximately $1.47 billion to upwards of $2.4 billion,...
Bitcoin Pioneer Nayib Bukele Reelected in El Salvador by a Landslide
5.2.2024
President Nayib Bukele, a pioneer in introducing the law that made bitcoin legal tender in El Salvador, has been reelected as president of the country in the ballot completed on Sunday. The Latam leader, who will reportedly continue implementing bitcoin-related policies, won by a landslide, scoring...
Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC
5.2.2024
Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,”...
Commodity Analyst Mike McGlone Says Gold Glitters Over Bitcoin as Crypto-to-Metal Ratio Plunges Post-2021
4.2.2024
Bloomberg’s commodity market expert Mike McGlone warns of a potential downturn for bitcoin, highlighting its disappointing performance against gold since its peak in 2021. On Sunday, McGlone pointed out that the bitcoin/gold ratio had plummeted by about 40% from its 2021 zenith of 37 times....
9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows
4.2.2024
In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now possesses...