In the ever-volatile world of cryptocurrency, Bitcoin has once again taken center stage, showcasing its dramatic price movements that continue to bewilder investors. Earlier today, Bitcoin achieved a groundbreaking milestone, surpassing the coveted $100,000 mark for the first time in its history. The surge was largely attributed to news surrounding the nomination of Paul Atkins
Crypto
A significant ruling emerged from a Russian court recently as Stanislav Moiseev, the infamous head of the dark web drug marketplace Hydra, received a life sentence accompanied by a hefty fine of four million rubles (approximately $37,500). In a crackdown that highlights the increasing pressure on cybercriminal operations, fifteen accomplices also faced sentencing, receiving prison
This week, Foundry Digital, a leading player in the Bitcoin mining landscape, made headlines by announcing a significant reduction in its workforce. The decision to lay off 74 employees, constituting approximately 27% of its total staff, highlights a pivotal moment for the company. This move reflects a broader strategic realignment aimed at enhancing its core
Launched on March 14, 2019, Pi Network aimed to democratize cryptocurrency mining by allowing users to mine tokens directly from their smartphones. Yet, two years after that ambitious inception, the project marked a significant milestone of over 2,000 days in existence without an actual, operational mainnet or even a native token. This long-awaited launch has
Cryptocurrency, once a niche investment, has increasingly become an arena of high stakes—both in terms of potential gains and losses. Recent events surrounding the U.S. government’s actions reflect not only its increasing involvement in this volatile market but also the implications these actions have on the broader cryptocurrency ecosystem. On December 3, the government transferred
As Bitcoin grapples with the substantial psychological barrier of $100,000, a thrilling development is unfolding in the altcoin market. Leading the charge is Binance Coin (BNB), which has recently achieved a staggering new all-time high, marking a significant milestone in its growth trajectory. In a mere 24-hour period, BNB skyrocketed by over 22%, reaching an
Bitcoin has achieved monumental success in recent trading sessions, reaching an unprecedented value of $103,630 on December 5, according to Tradingview data on Binance. This significant leap represents a remarkable increase of over 7% in just 12 hours, following a dip to around $95,000 earlier that day. Bitcoin has displayed an impressive growth trajectory this
The cryptocurrency world is paradoxically defined by both autonomy and centralized control. On the one hand, decentralized finance promises individual users unprecedented control over their assets. On the other hand, centralized exchanges like Coinbase employ stringent security measures that can sometimes hinder that very autonomy. This dichotomy came to light recently when Ethereum developer Eric
In the ever-evolving landscape of Bitcoin trading, one prevalent myth persists: that long-term holders, commonly referred to as HODLers, never sell their assets. On-chain analyst James Check recently pointed out that this assumption is not entirely accurate, highlighting that HODLers do indeed engage in selling. This dynamic is crucial to understanding the current stagnation in
In a notable shift in market behavior, Bitcoin has seen significant outflows amounting to $457 million over the last week, marking a pivotal point of withdrawal not witnessed since early September. This trend appears to signal a round of profit-taking among investors following Bitcoin’s recent foray into the psychologically crucial $100,000 threshold. CoinShares, a prominent
