The recent drop in bitcoin price has left many investors puzzled, especially considering the continuous inflows into US-based ETFs. The approval of Bitcoin ETFs by the US Securities and Exchange Commission earlier this year marked a significant milestone in the cryptocurrency industry. Financial giants like BlackRock and Fidelity becoming issuers of exchange-traded funds with cryptocurrency
Crypto
Ripple’s XRP has been hovering around the $0.52 mark, with analysts split on whether the token is poised for a significant increase or a possible drop. Despite the cryptocurrency market experiencing price surges, XRP has remained relatively stagnant, struggling to surpass the $30 billion market cap level. Potential Rise to $0.70 Some analysts, such as
Recently, a popular on-chain sleuth brought attention to fraudulent activity involving an early investor in the Solana-based meme coin, ANDY. The exploiter managed to drain around $2 million worth of meme coins in several transactions, eventually swapping half of the illicit profit for ETH. This incident has led to a significant decline in ANDY’s price,
The proposed reorganization plan of the bankrupt cryptocurrency exchange FTX has faced significant objections from creditors regarding its compliance with the Bankruptcy Code. The objections, as highlighted by FTX creditor activist Sunil Kavuri, include issues related to property rights, the best interest test, and the liquidation analysis of debtors. These concerns were formally submitted by
Semler Scientific, a med-tech company based in California, has recently announced its decision to purchase an additional 247 BTC for a total of $17 million in cash. This new acquisition brings the company’s total holdings of bitcoins to 828, which were acquired for a total of $57 million. The company has also disclosed its intention
Kraken, a longstanding and prominent cryptocurrency exchange based in the United States, is reportedly in the process of organizing a significant funding round in anticipation of a potential initial public offering (IPO) in the near future. This move comes on the heels of a recent surge in investor interest, driven by the ongoing rally in
Robert Kiyosaki, the well-known financial guru and author of the acclaimed book “Rich Dad Poor Dad,” has recently made quite a bold prediction regarding the price of Bitcoin (BTC) in the upcoming months. According to Kiyosaki, he firmly believes that BTC will reach an impressive $350,000 by August 25, sparking a wave of excitement and
Recently, a group of U.S. lawmakers led by House Foreign Affairs Committee Chair Michael McCaul (R-Texas) made a plea to President Joe Biden to take action in the case of Tigran Gambaryan, a high-ranking executive at Binance who has been detained by Nigerian authorities for almost three months. This urgent appeal, supported by 11 other
Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has once again proven itself as the top real-world asset with the most development activity in the last 30 days. This significant achievement has caught the attention of many in the crypto world, signaling a promising future for Chainlink and its
In recent months, there has been a noticeable trend of large bitcoin holders, often referred to as “whales,” increasing their holdings of the cryptocurrency. Data analysis shows that a subset of these whale addresses now collectively possess over 40% of the total bitcoin supply. This accumulation by whales, particularly those holding more than 1,000 BTC,
