Bitcoin bulls have recently regained control of the market after a period of bearish sentiment, as evidenced by the significant inflows into Spot Bitcoin ETFs. Farside Investors reported that on March 27, Spot Bitcoin ETFs received a total of $243 million in inflows. This surge was primarily driven by BlackRock’s iShares Bitcoin Trust (IBIT) and
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The US Department of the Treasury, along with its Office of Foreign Assets Control (OFAC), announced sanctions against the Palestinian news network Gaza Now on March 27. The sanctions were imposed based on allegations of the network’s support for Hamas. In addition to Gaza Now, the Treasury also designated several crypto addresses associated with the
The concept of blockchain gaming, which merges blockchain technology with traditional video games, has been steadily gaining momentum in recent years. This industry offers players the opportunity to truly own their in-game assets and potentially earn real-world value from them. Despite its promising potential, blockchain gaming still encounters challenges in terms of gaining widespread acceptance.
The recent drop in the Cardano (ADA) price below the $0.7 level has left many investors puzzled. However, a closer look at the market dynamics reveals a plausible explanation for this downward trend. Data from the crypto analytics platform Santiment indicates that whale transactions ($100,000 and above) on the ADA network reduced significantly after reaching
The highly anticipated Illuvium universe has announced the start of its Beta 4 testing schedule, with Private Beta 4 set to kick off on April 30th, 2024. This phase marks a significant milestone in the development of Illuvium, offering selected players a chance to experience the game’s complete loop on the Testnet. The test period,
The recent surge in the price of Bitcoin has not only caught the attention of retail investors, but also of large Bitcoin whales who are increasing their holdings in preparation for further growth. These whales, who hold at least 1,000 BTC, have been taking advantage of price dips to accumulate more coins at discounted prices.
KuCoin, a well-known crypto exchange, has recently faced a surge in withdrawal requests after facing criminal charges from the US authorities. Various on-chain analytics firms have reported a significant increase in withdrawals across different categories of traders such as whales, funds, smart money, and market makers. During the reported period, KuCoin witnessed substantial withdrawals of
In recent times, the cryptocurrency market has witnessed a surge in meme coins, with DogWifHat (WIF) and Dogecoin (DOGE) leading the charge. DogWifHat, a popular meme coin, has seen an impressive increase of 42% in the last seven days, signaling a market-wide rally that has also impacted other meme coins. Notably, Dogecoin surged by 37%
It has recently come to light that major crypto exchange KuCoin, along with two of its founders, has been accused of failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. According to United States prosecutors, the absence of these crucial procedures on KuCoin enabled the platform to be used for money laundering activities involving
Recently, there was a significant transfer of $6 billion worth of Bitcoin from the fifth richest Bitcoin address to three new wallets. This transfer caught the attention of many within the cryptocurrency community due to the sheer magnitude of the transaction. The transfer, which took place over the weekend, involved an address that was initially