Bitcoin experienced a surge in price, reaching close to $60,000 after the release of CPI numbers. However, this upward momentum was short-lived as the cryptocurrency retraced by over two thousand dollars. The market has been highly volatile, with the asset’s price moving dramatically in a matter of hours. While Bitcoin has been on a rollercoaster
In a recent analysis, a crypto analyst known as ‘Bluntz’ has made an ambitious prediction regarding the future price of Ethereum (ETH). According to Bluntz, Ethereum has the potential to surge to new all-time highs, specifically around the $8,000 mark. This optimistic outlook has sparked a conversation within the crypto community about the possibilities for
Railgun, a popular crypto privacy protocol, recently made headlines for successfully foiling an attempt by Inferno Drainer to launder stolen funds. The anti-money laundering tracking system, MistTrack on X, revealed that over 174 ETH, equivalent to $533,000, was intercepted by Railgun. This forced the perpetrators to return the stolen ETH to Inferno Drainer’s original wallet,
The recent criticism of Coinbase’s attempts to subpoena SEC chair Gary Gensler by Judge Katherine Polk Failla has raised eyebrows in the legal and cryptocurrency communities. During a hearing on July 11, Failla expressed her doubts about Coinbase’s request, particularly regarding the inclusion of Gensler’s statements before he became SEC chair in 2021. The judge
Anomaly Games, a leading Web3 startup, has recently joined forces with the Google for Startups Cloud Program. This strategic partnership aims to revolutionize the gaming sector by combining advanced cloud technology with artificial intelligence and Web3 innovations. The collaboration promises to bring a new approach to powering web-based experiences and game development and deployment. This
The recent attempt by the US House of Representatives to overrule President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin (SAB) 121 fell short due to insufficient votes. Despite 228 House members voting in favor of HJ Res. 109 to end SAB 121, the outcome did not meet the two-thirds vote threshold required to
The Cardano blockchain has experienced a period of quietness since the beginning of July, coinciding with a consolidation in ADA’s price. However, recent on-chain transaction data reveals an interesting development in whale activity. Cardano whales, who have been relatively quiet since the last week of June, saw a sudden spike in daily inflows earlier this
The US Securities and Exchange Commission (SEC) has officially concluded its investigation into stablecoin issuer Paxos. This decision was communicated to Paxos on July 9, putting an end to over a year of uncertainty surrounding the regulatory scrutiny of the company’s stablecoin, Binance USD (BUSD). The SEC’s decision comes after a prolonged legal battle that
Recent data indicates a significant shift in the relationship between Bitcoin and US stocks. Previously, Bitcoin had a positive correlation with flagship crypto and these stocks. However, data from the market intelligence platform IntoTheBlock now shows a stark contrast. Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has plummeted to -0.78 and -0.83, respectively.
Bitcoin (BTC) has recently broken above its bearish trendline, signaling strong bullish momentum. With a market capitalization of over $1.1 trillion and a trading volume exceeding $24 billion, Bitcoin is currently trading at around $58,119, down by 1.37% in the last 24 hours. On the 4-hour chart, Bitcoin is showing positive signs as it attempts
