The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. Van de Poppe mentioned in a recent
As Bitcoin continues to gain mainstream acceptance, institutions have increasingly turned to the cryptocurrency as a hedge. The past four years have witnessed a significant rise in institutional holdings of Bitcoin, resulting in a shift towards dominance by large organizations. This trend is reflected in the current composition of the top Bitcoin wallets, which no
Upon examining Sahil Arora’s involvement in the crypto industry, it is evident that there is a significant difference in reported earnings. While blockchain investigator ZachXBT indicates that Arora made approximately $3 million this year, Bubblemaps initially estimated his earnings to be as high as $30 million. This stark contrast raises questions about the accuracy of
In a recent report by Bitwise, it was revealed that institutional investors based in the U.S. continue to show strong support for Bitcoin through spot ETFs, with approximately 66% of them either maintaining or increasing their holdings. This comes at a time when the market is experiencing volatility and declining prices, particularly during the second
Bitcoin experienced a 2.5% decrease on Wednesday, dropping to $59,100, as the U.S. government made a significant move with its Silk Road-related Bitcoin holdings. Arkham Intelligence, an on-chain analysis platform, detected the transfer of 10,000 BTC, valued at $593 million, from a US Government wallet to wallet bc1ql. Subsequently, the Bitcoin was sent to 33J,
As we look at the latest findings from Chainalysis, it is evident that there has been a significant rise in stolen assets within the realm of crypto scams and ransomware attacks. The amount of stolen funds in crypto scams has nearly doubled from $857 million to $1.58 billion by late July. This alarming trend poses
Last night at a Crypto4Harris event, Senate Majority Leader Chuck Schumer made a compelling case for the importance of regulatory clarity in the crypto industry. He emphasized the need for bipartisan collaboration to shape the future of crypto and highlighted the responsibility of Congress to enact sensible regulations to bring together both sides of the
Confiction Labs, the developer of the popular shooter game Riftstorm, has recently unveiled a new system called Proof of Exposure. This system is designed to combat the growing issue of Web3 gaming bots by incorporating NFT allowlist verification. The introduction of Proof of Exposure comes at a time when automated bot accounts are causing disruptions
Following the $235 million hack targeting Indian crypto exchange WazirX, the platform has decided to end its asset custody arrangement with Liminal. The exchange announced on August 14 that it would be moving its assets from Liminal to new multi-signature wallets to enhance security. This decision comes in the wake of the recent breach and
In a bid to resolve allegations of unlicensed derivatives trading in Brazil, cryptocurrency exchange Binance has agreed to pay a hefty sum of $1.76 million to the Comissão de Valores Mobiliários (CVM), the country’s securities regulator. This settlement is the culmination of a year-long investigation that began in July 2020 when the CVM first ordered