In the year 2023, Ethereum’s native cryptocurrency, Ether (ETH), has made an impressive recovery after the devastating losses experienced in 2022. According to data from CoinGecko, ETH has reached a price point of around $2,400, although it still trails behind its all-time high of over $4,800 achieved in November 2021. The recent uptrend in ETH
The price of Optimism (OP), the native token of the Optimism network, has faced some challenges in the past week after a promising bullish momentum. While the cryptocurrency has managed to retain most of its recent gains, it is currently struggling to continue its upward trajectory. A recent on-chain analysis suggests that there may be
Bitcoin made an attempt to break the $43,000 level over the weekend, but its efforts were short-lived as the cryptocurrency failed to sustain its momentum. After reaching a new 19-month peak on Saturday, bitcoin started retracing slowly on Sunday. However, Monday saw a significant drop of $3,000, bringing its price to just under $41,000. The
Popular crypto analyst EGRAG has made a bold prediction, stating that VeChain (VET) could experience a tremendous rally of 7,500%, propelling its price to reach $2.3. Currently trading at $0.02945, VET has shown volatility throughout the year, but according to EGRAG, the future looks promising with three sequential price targets in sight. In the early
The cryptocurrency industry experienced a significant reduction in hack volumes in 2023, according to a research conducted by TRM Labs. The study reveals a more than 50% decrease in the total value stolen compared to the previous year. In this article, we will analyze the key findings of the research and explore the factors contributing
In a recent development, Tether, the world’s largest stablecoin issuer, has taken a significant step towards combating illicit activities associated with stablecoins. The company has frozen 326 wallets, containing a total of $435 million worth of Tether (USDT), to assist U.S. law enforcement authorities, including the U.S. Department of Justice (DOJ), the Federal Bureau of
Polygon (MATIC) has caught the attention of analysts as they provide insights into the potential future of this altcoin. In a recent video by crypto analyst JB on the Cheeky Crypto YouTube Channel, he discusses MATIC’s recent decline following Bitcoin’s pullback. However, JB believes that this decline could position MATIC for an upward move. He
The crypto market is bracing itself for a transformative 2024, with speculation of a new bull cycle on the horizon. Stu Alderoty, the chief legal officer of Ripple, a prominent blockchain payment company, recently shared his predictions on the future of crypto regulations that could potentially impact investor confidence. In an X post released on
Tether, the company responsible for the largest stablecoin, has recently released two letters that were sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. These letters were specifically addressed to Senator Cynthia Lummis and Representative French Hill, both of whom have raised concerns about the alleged use
The rise of cryptocurrency exchange-traded funds (ETFs) has become a trend this season, with numerous traditional finance companies seeking regulatory approval to introduce more options to the market. First Trust, an asset management firm, is joining the fray by applying to create a Bitcoin Buffer ETF. This unique product aims to help investors protect themselves