In recent days, the price of bitcoin has been on a rollercoaster ride, with sharp drops in value that have left many investors puzzled. Despite the ongoing inflows into US-based ETFs, bitcoin experienced a significant drop of over three thousand dollars in just a few hours. This raises the question of what exactly caused this
Crypto
Ripple’s XRP has been maintaining a price level around $0.52 recently, lacking significant price movements compared to other leading cryptocurrencies. The market cap of XRP has struggled to surpass the $30 billion mark during this period of consolidation. However, analysts have contrasting opinions regarding the future of XRP’s price. Some analysts, such as DustyBC Crypto
Recently, a well-known on-chain investigator brought to light a case of fraudulent activity involving an early investor in the Solana-based meme coin, ANDY. The exploiter was able to siphon off approximately $2 million worth of meme coins in a series of transactions, causing the price of ANDY to plummet by over 20% in just one
Creditors of the bankrupt cryptocurrency exchange FTX have raised concerns over the proposed reorganization plan, stating that it does not meet certain requirements of the Bankruptcy Code. The objection, submitted by FTX creditors including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, highlights issues such as property rights, the best interest test,
California-based med-tech company Semler Scientific has recently made waves in the industry by announcing its purchase of an additional 247 BTC for a total of $17 million. This brings the company’s total bitcoin holdings to 828, which were acquired for $57 million in total. Semler Scientific is also looking to raise $150 million in order
Kraken, a prominent cryptocurrency exchange based in the United States, is reportedly gearing up for a significant funding round in anticipation of a potential initial public offering (IPO) next year. According to sources cited by Bloomberg, the exchange is looking to secure $100 million in funding before proceeding with its IPO plans. If successful, Kraken
Renowned financial expert and author Robert Kiyosaki recently took to Twitter to make a bold prediction about the future price of Bitcoin. Kiyosaki expressed his confidence in BTC reaching a staggering $350,000 by August 25, sparking both excitement and skepticism within the cryptocurrency community. While acknowledging that his forecast may be seen as “suckers bait,”
Recently, a group of U.S. lawmakers, led by House Foreign Affairs Committee Chair Michael McCaul, has raised an urgent plea to President Joe Biden regarding the detention of Tigran Gambaryan in Nigeria. This high-ranking executive at Binance has been held by Nigerian authorities for nearly three months, with the situation escalating to what the lawmakers
In recent months, there has been a noticeable increase in the number of large bitcoin holders, commonly referred to as “whales,” accumulating more tokens. Reports indicate that a specific group of whale addresses now collectively possess over 40% of the total bitcoin supply. This trend of accumulation by whale addresses holding more than 1,000 BTC
Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has emerged once more as the top real-world asset with the most development activity in the last 30 days. Real-world assets, which represent physical assets like properties and objects in the cryptocurrency world, are gaining popularity as they run on smart