The cryptocurrency market is constantly evolving, defined by various metrics that gauge user engagement and operational activity. One of the most telling statistics is the number of daily active addresses, a measurement that reflects how many unique wallets are interacting on a blockchain. Recent insights from IntoTheBlock, a prominent market intelligence platform, have shed light
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In recent weeks, the cryptocurrency market, particularly the segment focused on spot Bitcoin exchange-traded funds (ETFs), has demonstrated a remarkable upswing. US investors have seemingly shifted gears, exhibiting a fervent appetite for spot Bitcoin ETFs, with an astounding $1 billion injected into 11 US-based funds over the course of just one trading week. This surge
Bitcoin, the pioneering cryptocurrency, showcased significant price movement last week in response to US inflation figures, climbing to a pivotal position above $66,500 — a level not seen since the beginning of August. This surge can be attributed to a recovering sentiment in the market after the Federal Reserve’s significant rate cut implementation on September
In a significant escalation of international efforts to combat cybercrime, U.S. authorities have leveled serious accusations against two Russian citizens, Sergey Sergeevich Ivanov and Timur Shakhmametov. They are alleged to have operated a cryptocurrency money laundering service that facilitated a slew of cybercriminal activities emanating from Russia. This case exemplifies the ongoing struggle between law
Bitcoin has recently shattered a significant price milestone, aiming for unprecedented heights. The cryptocurrency, long characterized by its volatility, is displaying a renewed uptrend as it bursts past the crucial $64,000 mark. This movement is not merely a fleeting moment but rather a foundational shift, highlighted by Bitcoin’s position above its 200-day moving average, which
In an environment increasingly shaped by technological advancements, the emergence of digital currencies has become a significant theme in contemporary political discourse. Following the recent developments concerning Kamala Harris’s classification by Stand With Crypto, a digital asset advocacy group linked to Coinbase, it is evident that the intersection of politics and cryptocurrency is fraught with
Ethereum, a groundbreaking blockchain platform, currently stands at a pivotal junction, where its capabilities and utility are increasingly defined by two primary elements: marketplaces and stablecoins. A recent report by CoinShares highlights this phenomenon, indicating that these components collectively represent just over half of Ethereum’s active use cases. The dominance of decentralized finance (DeFi) protocols
In the ever-volatile landscape of cryptocurrency, Shiba Inu (SHIB) has recently captured the attention of traders and investors alike with a remarkable price increase. Over the last week, SHIB’s value surged by an impressive 35%, pushing its market capitalization above $11.5 billion. As a result, Shiba Inu secured its position as the 14th-largest cryptocurrency while
The upcoming trial of Roman Storm, co-founder of Tornado Cash, could have far-reaching implications for the world of cryptocurrency and DeFi (decentralized finance). Scheduled to commence on December 2 in New York, Storm faces serious charges related to money laundering. The U.S. District Judge Katherine Polk Failla has denied a motion to dismiss the case,
In a significant legal development for the Indian cryptocurrency exchange WazirX, a Singapore court has granted the company a temporary four-month moratorium in the wake of a catastrophic hacking incident. This decision comes amid a backdrop of increased scrutiny and regulatory pressures faced by crypto exchanges globally. The moratorium, however, is tempered with stringent conditions
