In the ever-volatile world of cryptocurrency, shifts in market trends can happen overnight. This past week, Bonk (BONK) experienced a significant drop of 20.63%, causing concern among its investors. Meanwhile, Alex The Doge (ALEX) has been rapidly gaining traction, nearing the $0.25 mark and capturing the interest of savvy investors. Let’s explore why Alex The…
U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase. Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading the Pack The 11 spot bitcoin ETFs had a…
After a bearish correction phase, the price has now reached a crucial support zone, defined by the 100-day moving average and the 0.5-0.618 Fibonacci levels. Given the strong demand at this juncture, a mid-term bullish rebound is looking likely. Technical Analysis By Shayan The Daily Chart A detailed examination of the daily chart reveals that…
[PRESS RELEASE – New York, New York, June 27th, 2024] Kadena, the industry’s only scalable Proof of Work blockchain, welcomes Nitin Gaur, the Founder of IBM Blockchain Lab and a former Global Head of Digital Assets at State Street, as an advisor. Gaur, a distinguished leader in blockchain with a robust patent portfolio, brings a…
Cryptocurrency-based exchange-traded funds continue to be on the main stage in the US, with the latest filing from VanEck taking into account the fifth-largest digital asset – Solana. Shortly after the news broke, the native token’s price shot up by 7% to $150. Matthew Sigel, the company’s Head of Digital Assets Research, highlighted the development…
As the European Championship heats up, a new question is stirring in the cryptocurrency community: could Mpeppe (MPEPE) surpass Dogecoin (DOGE) if France wins the Euros? This article explores the factors that could propel Mpeppe (MPEPE) to greater heights and why it has the potential to become a significant player in the meme coin market.…
In a significant expansion of its cryptocurrency offerings, Vaneck has announced the filing of the first U.S. exchange-traded fund (ETF) focused on Solana. This move marks a strategic enhancement of Vaneck’s digital asset products, according to Matthew Sigel, head of digital asset research. Vaneck’s New ETF to Offer Direct Exposure to Solana’s SOL Token Vaneck‘s…
Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) to obtain documents on their approaches to cryptocurrency regulation. Coinbase’s chief legal officer highlighted the lack of clear guidelines from the SEC and the FDIC’s pressure on financial institutions. The crypto exchange’s Freedom of Information Act…
TLDR A Bitcoin wallet from 2010 became active after 14 years of dormancy. The wallet sent 50 BTC (worth about $3 million) to Binance exchange. The Bitcoin was originally mined in July 2010 when BTC was worth about $0.05. This transfer is part of a rare occurrence of Satoshi-era wallets becoming active. The movement coincides…
Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s Fee Market Struggles to Match Network’s…