The recent surge in Cardano’s trading volume has caught the attention of many investors in the crypto market. The data from various platforms, such as CoinGlass and CoinGecko, indicates a significant increase in trading activity for ADA, the native token of Cardano. This surge has amounted to approximately $477 million in the last 24 hours,
Ethereum, the leading altcoin in the cryptocurrency market, has been facing challenges when compared to other digital assets such as Bitcoin and Solana. In the past two years, Ethereum has seen a decline of 47% against Bitcoin and has been underperforming Solana by 6.8 times since the market lows of early 2023. This underperformance has
Bitcoin faced a 2.5% drop on Wednesday, landing at $59,100, following the U.S. government’s decision to transfer more of its Silk Road-related Bitcoin holdings to Coinbase Prime. This move was highlighted by on-chain analysis platform Arkham Intelligence, which pointed out that 10,000 BTC valued at $593 million were transferred. The tweet from Arkham read, “Wallet
The introduction of the MetaMask Card, a collaboration between MetaMask, Mastercard, and Baanx, marks a significant step forward in making cryptocurrencies more accessible for everyday purchases. Unlike traditional methods that require the cumbersome process of transferring crypto to an exchange, converting it to Fiat, and then sending it to a bank account, the MetaMask Card
Ethereum has faced significant challenges in recent weeks due to the bearish pressure in the crypto market. The ETH price experienced several crashes, bringing it back to the $2,000 level and dashing hopes for a new all-time high. However, there is a glimmer of hope as one crypto analyst has suggested that Ethereum may be
The landscape of Bitcoin ownership has shifted dramatically in recent years, with institutions increasingly becoming key players in the cryptocurrency market. As Bitcoin has gained mainstream acceptance, institutions have not only entered the fray but have also significantly increased their holdings. This trend has led to institutional investors emerging as the dominant holders of Bitcoin,
The story of Sahil Arora, a once-prominent figure in the crypto industry, is a tale of questionable wealth and murky ethics. Originally reported to have made $30 million this year, it was later revealed that his actual earnings were closer to $3 million. This vast difference in estimates raises questions about the legitimacy of Arora’s
The Bitcoin price has been trading sideways in recent times, with investors feeling uncertain about their next move. Crypto analyst Michael van de Poppe has shared insights into Bitcoin’s potential price trajectory, mentioning the possibility of the crypto dropping to as low as $48,000 if certain macroeconomic factors come into play. Van de Poppe highlighted
In a recent report by Bitwise, it was revealed that U.S.-based institutional investors are continuing to show strong support for Bitcoin through spot ETFs. Despite market volatility and declining prices during Q2, around 66% of institutional investors are either maintaining or increasing their holdings in Bitcoin. This trend highlights the growing confidence in Bitcoin as
The latest findings from Chainalysis reveal a worrying trend in the world of cybersecurity. While overall illicit transactions have decreased, there has been a significant rise in stolen funds and ransomware payments. The amount of stolen funds in crypto scams has nearly doubled, reaching $1.58 billion by late July. Similarly, ransomware payments have seen an
