The crypto market is taking a nosedive, with Bitcoin losing over 15% of its value in the past week. This dramatic drop is part of a broader global market sell-off, triggered by a combination of factors. What’s Causing the Crypto Crash? Japan’s Stock Market Plunge: The Japanese stock market is experiencing a significant decline, which…
A popular crypto analyst is sounding the alarm for altcoin holders. Benjamin Cowen, who has a huge following on social media, believes altcoins are about to take a major hit against Bitcoin. Following a 2019 Pattern Cowen sees a striking resemblance between the current market and the 2019 crypto cycle. He’s been tracking the total…
Bitcoin is dipping, but investors aren’t rushing to buy the dip. According to Santiment, a leading crypto analytics firm, the recent Bitcoin price drop hasn’t sparked the same level of buying enthusiasm seen in previous dips. “Even though Bitcoin is down a bit, it’s not like the dip we saw in July,” Santiment said on…
Genesis Global, a subsidiary of Digital Currency Group (DCG) that went bankrupt during the crypto crash last year, is finally starting to pay back its creditors. Big Payout for Creditors The company announced it’s distributing about $4 billion in crypto and cash to creditors, following its Chapter 11 bankruptcy restructuring. Average Recovery: Creditors are expected…
Thousands of Australian crypto wallets have been hacked by scammers! The Australian Federal Police (AFP) uncovered this massive scam as part of their global fight against cybercrime, called Operation Spincaster. How Did It Happen? The hackers targeted several crypto exchanges, exploiting vulnerabilities in their systems. Once inside, they took control of wallets and drained them…
The crypto world took a nosedive recently, with Bitcoin and Ethereum leading the charge. Prices plummeted, causing a ripple effect across the entire market. What Triggered the Crash? The main culprit? A bankrupt crypto lender called Genesis Global Capital. They’re finally paying back their creditors after a three-year wait, and they’re doing it by handing…
Senator Cynthia Lummis, a known crypto enthusiast, has proposed a groundbreaking bill that could make the US government a major player in the Bitcoin world. The Bitcoin Reserve Bill: A Big Bet on Bitcoin Lummis’s bill, known as the “Strategic Bitcoin Reserve Bill,” would direct the US Treasury to buy 1 million Bitcoins over the…
Jeremy Allaire, CEO of Circle, the company behind the USDC stablecoin, believes that stablecoins will slowly but surely take over a significant portion of the global financial market. He compares this to the rise of online video streaming over traditional cable television, a shift that took decades to fully materialize. Stablecoins: A New Era of…
Coinbase, the popular cryptocurrency exchange, has added support for Stader (SD), a platform that lets you earn rewards by staking your crypto assets. This means you can now buy, sell, and trade SD on Coinbase.com and the Coinbase mobile app. Stader’s Journey Stader initially focused on the Terra blockchain but expanded to other networks after…
Big investors are getting ready to buy altcoins, according to CryptoQuant CEO Ki Young Ju. Ju, who has a big following on social media, says whales are placing orders to buy altcoins at specific prices on centralized exchanges. This is a sign that they’re expecting altcoins to rise in value soon. Why are whales using…
