The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has stirred significant market anxiety. This amount represents 0.68% of the total Bitcoin supply and is slated for distribution among the exchange’s creditors. Large transfers of 52,633 BTC in recent hours suggest preparations for a large-scale disbursement, raising concerns among market observers
admin
Ethereum (ETH) has been facing a tough time in the recent cryptocurrency market bloodbath. With a 9% price decline in the past week, ETH is currently sitting at the $3,130 level. The market is watching closely as key levels are being tested to avoid further losses and liquidations. As highlighted by crypto analyst “Inspo Crypto,”
Bitwise, an asset management firm, recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) to allow for the listing and trading of shares of a spot Ether exchange-traded fund (ETF). This move comes in light of SEC Chair Gary Gensler’s statement indicating that approvals for spot Ether ETFs
Samuel Edyme, also known as HIM-buktu, is not your typical writer and trader in the crypto space. He has proven to be a versatile individual with a unique journey that sets him apart from the rest. His ability to adapt and thrive in the ever-changing world of cryptocurrency writing and trading is truly remarkable. A
Cryptocurrency expert Michael van de Poppe recently pointed out a crucial indicator suggesting a potential bounce for Bitcoin, following its dip below $60,000. Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, indicating a possible relief bounce from its current price level. According to his analysis, Bitcoin is expected
BitMEX, the Seychelles-based derivatives exchange, has recently introduced a new financial product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with a convenient way to access a diverse range of meme coins in the cryptocurrency market through a single contract. The MEMEMEXTUSDT Basket Index includes popular meme coins
The Financial Supervisory Service (FSS) in South Korea is taking steps to tighten oversight of cryptocurrency trading platforms in order to eliminate fraudulent transactions. This move comes as part of the country’s efforts to regulate the crypto industry and protect investors. New Monitoring System One of the key measures announced by the FSS is the
The Bitcoin network is currently experiencing a significant drop in hash rate, indicating a state of miner capitulation. This phase is characterized by miners either shutting down operations or selling off part of their Bitcoin reserves. Since the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, most notably the Draft Kings NFT lawsuit. A recent decision by a US District Judge in Massachusetts has denied DraftKings’ motion to dismiss a class action lawsuit related to its NFTs. This ruling has significant implications for the classification and regulation of NFTs in
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and growing bearish sentiment in the market. Traders are closely monitoring Ethereum’s behavior as it nears this critical threshold, looking for signs of either stabilization or further
