The cryptocurrency market, particularly Bitcoin, is once again in a state of uncertainty as the price struggles to break out to new highs. Despite this, there are indications that the current bull cycle may still have some life left in it. Recent on-chain data suggests that Bitcoin has entered a phase known as the “Euphoria
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The recent failure of Bitcoin to surpass the $72,983 resistance level has resulted in a downward trend in its price. Despite still being above the 1-day Simple Moving Average (SMA), the rejection has caused a drop from $71,942 to $66,785. This decline is evident in both the 1-hour and 4-hour charts, where Bitcoin has moved
Mastercard has recently introduced the Mastercard Crypto Credential, a groundbreaking development that aims to revolutionize blockchain transactions. This new feature enables users to conduct peer-to-peer transactions on platforms such as Bit2Me, Lirium, and Mercado Bitcoin using simple aliases instead of complex blockchain addresses. By streamlining the process and enhancing security, Mastercard is paving the way
In 2024, the XRP Ledger (XRPL) experienced a significant surge in network activity. According to Messari’s latest report, active addresses and transactions on the XRPL increased by 37% and 113% quarter-over-quarter, respectively. This uptick in activity can be attributed to a concentrated group of approximately 45,000 accounts that collectively sent over 30 million transactions, primarily
Recently, DMM Bitcoin, a Japanese cryptocurrency trading platform, faced a devastating hack that resulted in the loss of around $305 million worth of Bitcoin. The exchange confirmed that 4,502.9 bitcoins were drained from their systems, highlighting the vulnerability of digital assets to cyber attacks. Despite the breach, DMM Bitcoin has not provided detailed information about
In recent times, there has been a noticeable uptick in investor confidence within the cryptocurrency market. Bitcoin, in particular, has been a major beneficiary of this positive trend. Despite the somewhat frustrating price action that saw the premier cryptocurrency ending May below the $70,000 mark, large-scale investors have been continuously accumulating BTC. The latest on-chain
The recent approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has sparked a flurry of activity among potential issuers in the market. With several asset managers now filing amended versions of their S-1 forms, it’s clear that the race to launch an Ether Spot ETF is heating up. One
US President Joe Biden made a bold move when he vetoed H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. This decision showcases a clear political divide between the parties, with Biden highlighting the resolution as a “Republican-led” effort. This veto not only indicates a clash of ideologies but also
Coinbase, a major player in the digital asset industry, recently filed a closing brief with the US Court of Appeals for the Third Circuit on May 31. The brief challenges the SEC’s denial of its rulemaking petition, citing a single, conclusory sentence in the SEC’s order that disagreed with Coinbase’s assertion that current SEC rules
Recently, the U.S. District Court for the District of Utah made a significant ruling by dismissing the Securities and Exchange Commission’s (SEC) case against Digital Licensing, also known as Debt Box. This decision came as a blow to the SEC, as the judge further ordered the regulatory agency to pay approximately $1.8 million in attorney
