A big-time crypto investor, nicknamed a “whale” in the crypto world, is facing a potential loss of a whopping $26.47 million worth of Wrapped Bitcoin (WBTC) on the Compound platform. Close Call with Liquidation This whale, identified by their Ethereum address starting with “Oxceef,” narrowly avoided liquidation last Friday when Bitcoin prices plummeted to $52,550….
Binance executive Tigran Gambaryan has been stuck in a Nigerian prison since February, and his health is deteriorating rapidly. Gambaryan was arrested alongside a colleague, Nadeem Anjarwalla, who managed to escape the country. The two had traveled to Nigeria to discuss regulations with the government. Gambaryan’s situation has been getting worse. He’s suffering from a…
A popular crypto analyst, known as Rekt Capital, believes Bitcoin might be close to a rebound. He says the recent intense selling pressure in the crypto market is likely to run out of steam soon. Seller Exhaustion on the Horizon Rekt Capital, who correctly predicted a Bitcoin correction before the halving, says the high volume…
Russia is making a big move in the world of cryptocurrency. They’re trying to build a financial system that doesn’t rely on the US dollar, and they’re using crypto to do it. Crypto Mining Powerhouse? Russia recently passed a law that allows businesses to mine cryptocurrencies. This has some people wondering if Russia is aiming…
Will Bitcoin reach new highs or crash? A big investment firm, Bernstein, thinks it all depends on who wins the US presidential election in 2024. Trump: Good News for Bitcoin? Bernstein says a Trump win would be great for Bitcoin. They predict it could soar to $90,000 by the end of 2024. Why? Because Trump…
ETH is currently struggling, but traders are optimistic. While it’s down 9% in the past week, there’s a lot of hope that prices will bounce back. Traders are pulling out of derivatives exchanges. This could be a good sign for ETH. It means that traders are becoming more cautious and less willing to bet on…
The Ethereum network is seeing a major resurgence, with activity levels reaching their highest point in four months. This surge has some analysts predicting a price increase for ETH. New Wallets, New Hope? The number of new wallets created on the Ethereum network has skyrocketed, particularly on September 8th, a day that usually sees lower…
A Japanese power company is exploring a new way to use excess renewable energy: Bitcoin mining. Harnessing Wasted Energy The Tokyo Electric Power Company (TEPCO) is looking to use its excess renewable energy to power Bitcoin mining. This is a unique approach in Japan, where the company hopes to create a more sustainable energy ecosystem….
Bitcoin has been on a downward trend lately, and it’s causing some pain for short-term investors. According to data from Glassnode, these investors are currently holding Bitcoin at a loss, which could lead to more volatility in the market. Short-Term Holders Under Pressure Glassnode, a cryptocurrency analytics firm, says that short-term Bitcoin holders are “underwater”…
Crypto analyst Benjamin Cowen thinks Ethereum (ETH) might finally reach its lowest price point in December of this year. He’s basing this prediction on a few factors. Unemployment and Crypto Trends Cowen points out that the US unemployment rate usually peaks in December. He believes this trend could also affect the crypto market, leading to…
