Bitcoin, the undisputed king of cryptocurrencies, has reached a critical juncture in its journey. Following a strong performance in the first half of 2024, where it surpassed the $71,000 mark, Bitcoin has now retreated to the $61,000 support level. This recent dip has sparked a debate among analysts, highlighting the uncertainty surrounding the digital asset’s
The recent trend of Spot Bitcoin ETFs experiencing outflows for seven consecutive days is quite concerning. These outflows have been averaging around $100 million daily, totaling to approximately $1.2 billion being pulled out from the funds so far. This decline in the Bitcoin price has raised questions about the correlation between institutional sell-offs, miner sell-offs,
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a hot topic since it began in 2020. With no clear end in sight, the question of who will emerge victorious remains uncertain. Ripple managed to secure some wins before the trial commenced, but the main issue at hand
The collaboration between Netmarble’s Marblex and Immutable in the blockchain gaming world is indeed a game-changer. By leveraging Immutable’s zkEVM chain, an advanced layer-2 Ethereum network, the partnership aims to revolutionize the gaming experience for developers and gamers alike. The key focus of this collaboration lies in exploring the innovative features and capabilities of Immutable’s
Recently, a US bankruptcy court granted FTX approval to seek votes on a liquidation plan that would pay customer claims in cash. This plan would determine payments to customers based on crypto prices at the time of FTX’s collapse in November 2022. Despite objections from some customers who believe they are entitled to higher amounts
The cryptocurrency market is abuzz with anticipation as asset managers gear up for the potential launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). According to Bitwise Chief Investment Officer (CIO) Matt Hougan, these ETFs could usher in a wave of substantial inflows into the regulated market within
The crypto industry has seen significant growth and evolution over the years, and one prominent figure who has been at the forefront of this revolution is Scott Matherson. With a background in banking and investment, Scott has brought a wealth of knowledge and experience to the world of cryptocurrency, making complex topics accessible to a
The once-sizzling crypto market continues to sputter, with Bitcoin, the undisputed king of the digital realm, leading the retreat. After a euphoric climb that saw it breach the $73,000 level earlier this year, Bitcoin has shed its royal cloak, plummeting to new lows and dragging the entire crypto ecosystem into a period of frosty uncertainty.
Bitcoin (BTC) has recently experienced a continued downtrend, hitting new local lows of under $59,000. This decrease in value has been particularly evident during the mid-hours of the United States Monday trading session, where BTC briefly dropped below $60,000 to reach a new local low of $58,500. The ongoing slump can be attributed to the
Louisiana Governor Jeff Landry recently signed a bill, HB 488, that prohibits central bank digital currencies (CBDCs) and aims to protect crypto mining within the state. The bill specifically prevents governing authorities from accepting or requiring payments in CBDCs, as well as participating in any CBDC tests conducted by federal government bodies. Aside from the
