Bitcoin, the leading cryptocurrency, experienced a significant retracement followed by a notable recovery as the week came to a close. After dropping from the $73,000 mark to $61,000, many within the cryptocurrency community were hopeful for a bullish move. However, despite the recent surge to $67,000, Bitcoin has not fully recovered to its previous highs.
The newcomer AI-integrated security token and endearing meme coin, $SCOTTY The AI, made its debut on the decentralized exchange Uniswap to great anticipation. Starting at a price of $0.01 per token, $SCOTTY quickly rose to $0.02597, marking an impressive 150% increase within just half an hour of its launch. This surge in value has caught
In a bold move towards embracing digital assets, asset management firm BlackRock has selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This partnership marks a significant step in the journey towards mainstream adoption of cryptocurrencies in traditional financial institutions. BlackRock’s BUIDL fund aims to
Following a period of continuous local lows, Bitcoin experienced a significant reversal in its price trajectory after the latest FOMC meeting. The cryptocurrency surged by over seven thousand dollars at one point, bringing relief to investors who were concerned about the recent downward spiral. While Bitcoin made a notable recovery, several altcoins actually outperformed the
In the ever-volatile world of cryptocurrency, recent market trends have shown a bearish sentiment affecting various digital assets, including Cardano (ADA). As one of the top ten cryptocurrencies based on market capitalization, ADA has experienced a retracement of nearly 20% in the past week after reaching a 22-month high of $0.810 on March 14. The
The recent sale of CryptoPunk #7804 for a staggering $16.4 million has sent shockwaves through the digital art and cryptocurrency communities, sparking conversations about the true value of NFTs. This unprecedented transaction has not only captured the attention of enthusiasts and investors but has also set a new standard for the worth of digital collectibles.
In a significant move, the Commodities and Futures Trading Commission (CFTC) has given the green light to Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). This decision marks a new chapter in the cryptocurrency market, with trading set to commence on or after April 1, 2024.
Recently, the official Twitter account of hardware wallet manufacturer Trezor was compromised, leading to a series of fraudulent messages being posted. The breach was likely orchestrated through a SIM swap attack, as suggested by ZachXBT, an anonymous on-chain sleuth who first raised the alarm. This incident highlights the vulnerability of even well-known companies to sophisticated
Recently, XRP experienced a notable spike in its price, reaching an all-time high of $74 on the cryptocurrency platform Atlantis Exchange. However, this price surge was short-lived and was actually a result of a glitch on the platform. This isn’t the first time such a glitch has occurred, as a similar incident happened last year
As Bitcoin continues to be a hot topic in the world of finance, certain fundamental factors suggest that the crypto token is positioned for further growth in the current bull market. Despite recent price declines, data from the on-chain analysis platform CryptoQuant indicates a significant drop in the supply of Bitcoin on exchanges over the