Recent events have cast a long shadow over New York City Mayor Eric Adams. Once hailed as a forward-thinking leader and crypto champion, the mayor is now facing the consequences of federal investigations into corruption allegations that have resulted in the resignation of key officials in his administration. This turmoil not only threatens Adams’s career
Crypto
Chainlink (LINK), a prominent player in the decentralized oracle network space, has recently captured the attention of investors due to a notable price breakout. This momentum can be attributed to heightened on-chain activity and an increasing sense of optimism among investors. The insights provided by Santiment, a renowned blockchain analysis firm, indicate positive technical indicators
Bitcoin has reached a crucial juncture in its price trajectory, serving as an important barometer not just for itself, but also for the entire cryptocurrency market. Following a rebound from the pivotal $52,000 support level, Bitcoin has gained traction, breaking past significant resistance points at $56,000 and $60,000. This upward momentum has incited optimism among
Binance, the leading cryptocurrency exchange globally, has made the notable decision to discontinue support for the Turkish language on its platform. This development arrives in light of increasingly strict legal compliance requirements demanded by Turkish authorities. Set to take effect from September 27, this shift raises pertinent questions about the accessibility and usability of Binance’s
In a recent report, Ki Young Ju, the founder of CryptoQuant, highlighted the ongoing trend of America reclaiming its position as a dominant player in Bitcoin (BTC) holdings. This shift is chiefly attributed to increased demand for spot exchange-traded funds (ETFs). The ratio of Bitcoin held by American investors is on the rise, signaling a
In a notable move aimed at capitalizing on the booming blockchain industry, Polymarket, a leading blockchain-based prediction platform, is reportedly in discussions to secure $50 million in new funding. This strategic initiative comes amid a growing interest in the potential of decentralized betting platforms, especially following the downturn witnessed in the cryptocurrency market since 2022.
The evolving landscape of cryptocurrencies continues to challenge regulatory bodies worldwide, prompting lawmaker intervention as they attempt to safeguard investors while fostering innovation. Recently, a notable disturbance in the crypto custody space emerged due to potential regulatory overreach by the U.S. Securities and Exchange Commission (SEC). Led by Republican lawmakers Rep. Patrick McHenry and Sen.
In a surprising turn of events, Grayscale funds, particularly GBTC (Grayscale Bitcoin Trust) and ETHE (Grayscale Ethereum Trust), experienced considerable net outflows on Monday. Despite this downturn in fund inflows, the prices of Bitcoin and Ethereum demonstrated surprising resilience, showing stability and even marginal gains over the last 24 hours. This situation raises questions about
In an intriguing twist of fate within the cryptocurrency landscape, a previously inactive Bitcoin whale address has recently become active, transferring 5 BTC to the Kraken exchange. This event, as reported by Arkham Intelligence, is particularly notable as it marks the address’s reactivation after a decade of dormancy, showcasing a rare instance in which a
The cryptocurrency market has witnessed yet another rollercoaster week, where Bitcoin’s price fluctuated dramatically before finding a semblance of stability. After dropping significantly below $63,000, Bitcoin showed signs of recovery, once again flirting with the $64,000 mark. This recent downward trend that brought Bitcoin to a low of about $57,600 earlier in the week can
