Bitcoin’s price has been experiencing enhanced volatility in the past week, with its value fluctuating between $54,000 and almost $60,000. Currently, the cryptocurrency is trading at around $58,000 according to Coingecko’s data. Analysts are speculating that a potential surge in price could be on the horizon, with predictions reaching as high as $90,000-$100,000 in the
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The recent crash in the Bitcoin price has left many investors anxious about the future of the cryptocurrency market. Despite a brief pump triggered by the CPI data release, the price has fallen back towards the $56,000 level. Cryptocurrency analysts have varying opinions on whether this decline will continue or if there is potential for
The stability of stablecoins in the cryptocurrency market has been a subject of much debate and scrutiny in recent years. Despite the dominance of Tether’s USDT, the landscape is starting to shift. Data from Kaiko indicates a decline in USDT’s market share on centralized exchanges, dropping from 82% to 74% in 2024. This shift can
The recent announcement from Arkham Intelligence indicating that Germany’s on-chain Bitcoin wallet balance has reached zero is extremely significant. This news suggests that the sell pressure from Germany, a major player in the European economy, is likely coming to an end. The latest outflows from the wallet mark the conclusion of a bearish trend that
Elon Musk, the CTO and chairman of X, recently made bold claims on social media regarding an alleged offer made by the European Commission. He stated that the EC offered the social media platform an “illegal secret deal” to censor speech in order to avoid being fined in the EU. Musk’s comments came in response
During a hearing on July 11, Judge Katherine Polk Failla showed skepticism towards Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. The Judge expressed her doubts regarding Coinbase’s efforts to acquire Gensler’s communications, including statements made before he took on the role of SEC Chair in
The Securities and Exchange Commission (SEC) has recently concluded its investigation into Hiro Systems and the Stacks blockchain, after more than three years of scrutiny. This investigation, which began following the first SEC-qualified offering by Stacks in 2019, has been a significant chapter in the history of the Bitcoin Layer-2 network. Despite the prolonged investigation,
Ethereum’s price has been facing a significant decline recently, particularly after being rejected for the second time at the $4,000 resistance level. This rejection has led to a series of lower highs and lows on the daily chart, indicating a bearish trend in the market. Additionally, the price has broken below the critical 200-day moving
The Securities and Exchange Commission (SEC) has officially closed its investigation into Hiro and the Stacks blockchain without recommending any enforcement action. This investigation, which spanned over three years, has been a pivotal chapter in the history of the Bitcoin Layer-2 network. The SEC’s Enforcement Division initiated the investigation following the first-ever SEC-qualified offering by
Growing up in Edo State, Nigeria, with three siblings who served as my idols and mentors, I learned valuable life lessons that continue to guide me. My parents, the backbone of my story, have always been my unwavering support system. Their constant presence, through both good and bad times, has provided me with a sense
