The year 2024 has been a rollercoaster ride for Bitcoin so far. From the SEC’s approval of spot Bitcoin ETFs to the cryptocurrency’s recent price underperformance and selloffs from the Grayscale BTC Trust, there have been several significant events. However, amidst all the chaos, on-chain data has revealed an interesting pattern of strategic accumulation among
The security and blockchain auditing firm, CertiK, which is renowned for its comprehensive approach to securing digital assets and decentralized technologies, has found itself becoming a victim of scams and exploitation. Despite its expertise in detecting and preventing security breaches, scammers have managed to leverage the CertiK brand to spread misinformation and defraud unsuspecting users.
Bitcoin, the flagship cryptocurrency, recently experienced a surge in its price, surpassing $42,000 after trading below $40,000 for several days. This market recovery can be attributed to various factors, including recent revelations about the US economy. In this article, we will delve into the different elements that influenced this surge and explore the potential implications
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, recently delivered a speech in Naples, shedding light on the need for increased regulatory efforts in the cryptocurrency industry. While the approval of Bitcoin ETFs may have given the impression of regulation, Behnam expressed significant concerns regarding the current state of cryptocurrency and digital
The Ethereum (ETH) market is currently bracing itself for a potential sell-off worth a staggering $1 billion. This monumental transaction is the result of actions taken by Celsius, a crypto lender that recently filed for bankruptcy. On-chain analyst Lookonchain has reported that Celsius initiated the transfer of 459,561 ETH, which is estimated to be valued
In a recent development, Mark Scott, a former partner at the U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his role in a fraudulent cryptocurrency scheme. The scheme, known as the OneCoin cryptocurrency fraud, involved the laundering of $400 million. The Manhattan federal prosecutors successfully convicted Scott of conspiracy
In the ever-evolving world of cryptocurrencies, one project stands out for its bold vision and sustainable focus. Meet eTuktuk, a groundbreaking startup that aims to revolutionize urban transportation in developing countries. By transitioning from polluting gas engines to eco-friendly electric vehicles, eTuktuk plans to reduce the carbon footprint of the popular auto rickshaws, known locally
The recent announcement of the US government’s plans to offload a significant portion of its Bitcoin (BTC) holdings has sparked concerns within the crypto community. The move is seen as potentially adding more selling pressure to an already fragile crypto market. The Department of Justice (DOJ) has indicated its intention to dispose of over $130
Ethereum, the second-largest cryptocurrency by market capitalization, is poised for a potential bullish phase according to Michael van de Poppe, a prominent crypto analyst. One of the key factors he identifies is Bitcoin’s current behavior. As the market leader, Bitcoin’s recent signs of bottoming out tend to precede altcoin rallies, which hints at a potential
In the world of cryptocurrencies, Cardano (ADA) stands out from its contenders due to its unique approach that emphasizes “academic rigor” and “research-driven development,” as highlighted in a recent video from the crypto-based YouTube channel Cheeky Crypto. Unlike many other blockchain platforms, Cardano has developed its proof-of-stake (PoS) blockchain platform using a methodical and evidence-driven