Bitcoin Accumulation Levels Remain High Bitcoin (BTC) has been trading within a narrow range of $51,000 – $52,500 for the past week. Despite this lack of price movement, investors have continued to accumulate BTC. This is evident from the increase in the number of Bitcoin whale wallets (addresses with 1,000 BTC or more) over the…
Since the beginning of 2024, Solana (SOL) has been underperforming compared to Bitcoin and other altcoins. However, crypto analyst Ali Martinez has a bullish outlook for SOL, suggesting a potential upward swing in the coming days. TD Sequential Indicator Points to a Buy Signal Martinez uses the Tom Demark (TD) Sequential indicator to identify potential…
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….
FTX has sold its European subsidiary to its former owners for $32.7 million, ending a legal dispute between the exchange and the buyers. Background FTX filed a lawsuit against the founders of FTX Europe, Patrick Gruhn and Robin Matzke, alleging that they sold the company at an inflated price. Gruhn and Matzke denied the claims…
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…
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…
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…
Social media giant Reddit has revealed that it holds Bitcoin (BTC) and Ethereum (ETH) in its treasury, according to a filing with the U.S. Securities and Exchange Commission (SEC). Treasury Investments In the S-1 registration statement submitted to the SEC on Thursday, Reddit stated that it has invested some of its cash reserves in the…
ECB’s Bitcoin Critique: Costly and Crime-Prone ECB raises concerns about Bitcoin’s high costs and susceptibility to illicit transactions. Despite positive developments like spot ETFs approval by SEC, ECB remains skeptical. X Community’s Counteroffensive: Debunking ECB’s Claims X community provides robust defense against ECB’s reservations. Chainalysis report highlights only 0.34% of cryptocurrency transactions in 2023 were…
Scammer Impersonates Chase Employee, Dupes Customer into Providing Access Code Kristal Kuhn, a JPMorgan Chase customer from San Diego, is furious with the bank after falling victim to a scam that resulted in the loss of $49,500 from her account. The incident began when Kuhn received a phone call from someone claiming to be from…
