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Bitcoin experienced a sudden drop below $67,000 on October 21st, but quickly recovered. This dip was likely caused by a few factors: Bitcoin’s Ties to the Stock Market Bitcoin’s price is closely linked to the stock market. When the stock market takes a tumble, Bitcoin often follows suit. On October 21st, the S&P 500 and…
The TON network, a blockchain project, has seen a significant drop in its daily active users. According to IntoTheBlock, a crypto analytics firm, the network currently has around 1.58 million users, down from a peak of over 5 million. What’s Going On? The decline in user activity is a bit of a head-scratcher. While the…
Coinbase, a major cryptocurrency exchange, is stepping up its fight with US regulators by demanding more information about how they’re handling crypto. Coinbase Wants to Know How Regulators Are Treating Crypto Coinbase’s legal team has filed two new Freedom of Information Act (FOIA) requests, aiming to get a clearer picture of how regulators are approaching…
Michael Saylor, the CEO of MicroStrategy, has stirred up a hornet’s nest in the Bitcoin community with his recent comments about custody and regulation. Saylor’s Argument: Big Institutions Are Safer Saylor claims that Bitcoin is safer in the hands of regulated institutions like BlackRock, Fidelity, and JP Morgan than with individual holders. He argues that…
Bitcoin’s Momentum is Picking Up A key indicator, the MACD histogram, has just turned positive for Bitcoin. This is the first time it’s happened since April 2024, and it’s a big deal! The MACD is basically a fancy way to measure Bitcoin’s momentum, and a positive reading suggests that the price is likely to keep…
Ethereum (ETH) is currently trading above $2,600 after a slight dip from its recent high of around $2,750. Over the past couple of weeks, ETH has been steadily climbing, making investors optimistic about its future. A Bullish Breakout? A well-known analyst, Carl Runefelt, recently shared his technical analysis of Ethereum, suggesting that it has broken…
Sui, a leading blockchain platform, has launched its first global hub, SuiHub Dubai, in partnership with Ghaf Group, a major blockchain player in the Middle East and North Africa (MENA) region. A Hub for Web3 Growth SuiHub Dubai is located in Expo City Dubai, a thriving tech hub, and aims to support blockchain developers and…
A popular crypto analyst, Michaël van de Poppe, believes that AAVE, the native token of the leading Ethereum lending platform, is poised for a major comeback. AAVE: A Bullish Outlook Van de Poppe says that AAVE’s recent break above the $150 mark signals a significant trend shift. He expects the token to climb towards the…
Japanese authorities have made a breakthrough in fighting cryptocurrency crime. They’ve arrested 18 people suspected of using Monero (XMR) to pull off a massive fraud scheme. How the Scam Worked The suspects allegedly used stolen credit card information to buy stuff on the popular Japanese app Mercari, a kind of online flea market. They managed…
A popular crypto analyst believes Bitcoin is about to surge again, comparing its current movement to a major stock index. Bitcoin’s Long Bull Run? The analyst, known as TechDev, thinks Bitcoin could be entering a long bull market that will last eight years. He points to similarities between Bitcoin’s price action and the Nikkei, a…
