Prita Ghozie

Bitcoin’s Journey to $60,000: Bullish Indicators and Exchange Outflows

Bitcoin’s recent surge has captured the attention of investors worldwide. Despite temporary fluctuations, the cryptocurrency continues to exhibit bullish signs, including a surge in outflows from exchanges. Outflows from exchanges at 8-month highs: Bitcoin witnessed a significant outflow of over $540 million from centralized exchanges last week, marking the highest net outflow in eight months….

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EU’s Data Act: A Threat to Crypto Innovation

The European Data Act, which came into force in January 2024, poses significant challenges to the crypto industry. The legislation includes requirements that could force smart contract developers to comply with strict regulations, including the ability to terminate live smart contracts. Smart Contract Termination Article 30 of the Data Act mandates that smart contracts must…

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Avalanche (AVAX) Suffers Five-Hour Network Outage

Network Outage Resolved Avalanche (AVAX), a prominent layer-1 blockchain and rival to Ethereum (ETH), experienced a five-hour network outage on Friday. According to Avalanche Status, the blockchain platform encountered an issue that prevented blocks from being accepted on its primary network. Cause of the Outage The outage was caused by a bug in the node…

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Bitcoin (BTC) Sees Largest Weekly Net Outflow from Centralized Exchanges in Eight Months

Bitcoin (BTC) witnessed its largest weekly net outflow from centralized exchanges in eight months, indicating a bullish trend for the top cryptocurrency. Key Takeaways Bitcoin’s netflows, measuring BTC movement in and out of centralized exchanges, saw a significant outflow of $540 million this week. Ethereum (ETH) also experienced net outflows, marking seven consecutive weeks of…

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