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Over the past week, Bitcoin has been on a wild ride, marked by a price drop that triggered a surge in active addresses on the network. This uptick in activity has taken the daily average of active addresses to its highest level since December of last year, when we saw Bitcoin reach the monumental $100,000 … Read more
The cryptocurrency market has seen some stirring developments with Ethereum of late. Over the last couple of weeks, there have been transfers of over 610,000 ETH tokens to various trading platforms. That influx of tokens has caused some to wonder if we’re on the verge of a significant price movement for Ethereum—and what kind of … Read more
Amber Group, a major player in the crypto and blockchain world, created a stir in the market this week with a big movement of the AI token $VIRTUAL. The company, with its solid market-making skills, deposited a fat 3.49 million $VIRTUAL tokens—worth about $3.04 million—into the market just 16 hours ago. This transacted had quite … Read more
The shifting political landscape seems to be granting a new kind of viability to the idea of former President Trump establishing a Bitcoin reserve if he wins a second term. The Betfair Exchange, along with Polymarket, allow users to gauge the likelihood of certain events happening by placing and accepting bets. If you’re betting on … Read more
The initiative seeks to bring clarity to the cryptocurrency industry in Colombia, which is currently in a gray area despite growing adoption. Proponents of the project have remarked on the need to define an institution to oversee these activities and establish rules for institutions to follow. Congress Seeks to Give Legal Status to Cryptocurrency Assets … Read more
Aptos native token has joined the current altcoins recovery with 15% gains in the last 24 hours. However, the price has remained trapped in a tight range as it continued to maintain a bearish trend daily. APT’s price appeared to have reached a crucial trading area on the daily chart since the price fell to … Read more
The Ethereum Foundation has announced that Devconnect, an Ethereum-focused gathering of developers and the crypto community, will be held in Buenos Aires later this year. Due to the natural alignment of Argentina with Ethereum, the foundation has decided to especially support the local community in order to “bring Argentina on-chain.” This year’s Devconnect will feature … Read more
Last week marked a significant shift in ADA’s trading level as it saw its biggest daily recovery in over a year. This triggered a sudden positive sentiment, but quickly faded after rejecting $1 with a massive dump. Continuing the bearish move, ADA broke lower last week and created a new support above $0.58 after staying … Read more
Blockstream has secured a multi-billion-dollar investment to launch bitcoin-backed lending funds for institutional investors, allowing institutions to borrow against BTC collateral. Blockstream to Launch BTC-Backed Funds Bitcoin infrastructure provider Blockstream has secured billions in investment to roll out three institutional bitcoin-backed funds. The new investment will fuel the launch of the Blockstream Income Fund and … Read more
Bitcoin’s (BTC) market has been ruled by a long distribution phase, with the cryptocurrency’s Accumulation Trend Score staying under 0.5 for 58 consecutive days. This distribution has lasted long enough to start raising questions about what the big players in the Bitcoin market are up to, with the latest data indicating that they’re still mostly … Read more