The cryptocurrency market is no stranger to volatility, but the recent surge in LINK, the native token of the Chainlink network, has captured the attention of analysts and investors alike. Chainlink, which operates as a decentralized oracle network on the Ethereum blockchain, has seen a significant price breakthrough, underpinned by robust on-chain activity and bolstered
Crypto
New York City is no stranger to political drama, but recent developments surrounding Mayor Eric Adams could mark a significant low in the city’s governance. Following a series of corruption investigations, federal prosecutors have indicted Adams, although the specific charges remain shrouded in secrecy due to sealed indictments. This uncertainty raises questions about the implications
Bitcoin, the flagship cryptocurrency, is at a pivotal juncture, with its price movements likely to influence the broader cryptocurrency landscape. Presently, Bitcoin is trading around the critical $64,000 mark, a significant resistance level that it has reached after demonstrating remarkable resilience. Following a substantial rebound from the support threshold of $52,000, the cryptocurrency experienced upward
In a recent announcement, Binance, the largest cryptocurrency exchange globally, declared it would cease offering Turkish language support on its platform effective September 27. This decision arises from the exchange’s ongoing commitment to adhere to regulatory requirements set by Turkish lawmakers. While this move certainly raises concerns for Turkish users accustomed to navigating the platform
Recent analyses reveal a noteworthy trend in Bitcoin (BTC) holdings that signals a pivotal shift towards American dominance in the cryptocurrency market. On September 26, Ki Young Ju, the founder of CryptoQuant, indicated that the proportion of BTC held in the United States is on the rise. This rebound is largely fueled by an increasing
Recent insights from a report by The Information reveal that Polymarket, a blockchain-based prediction market, is poised to secure $50 million in new funding. The New York-based company is not only seeking to attract investments but is also contemplating the introduction of its own cryptocurrency token, aimed at enhancing its betting environment. Such a move
The rapid evolution of the cryptocurrency industry has placed significant pressure on regulatory bodies across the globe. In the United States, the Securities and Exchange Commission (SEC) has been at the forefront of monitoring this digital finance revolution. However, recent developments have raised serious concerns among a faction of lawmakers who argue that the SEC’s
In the ever-evolving landscape of cryptocurrency, the emergence of dormant Bitcoin wallets can send ripples through market dynamics and trading sentiments. Recently, data from Arkham Intelligence has revealed that an address associated with a significant Bitcoin whale has been reactivated, marking an intriguing turnaround after a decade of inactivity. This wallet, originally established during Bitcoin’s
In the ever-evolving landscape of cryptocurrency, Bitcoin has once again proven its capacity for volatility. Just yesterday, Bitcoin’s value dipped below the $63,000 mark, sending ripples of concern through the market. However, in a display of resilience, bullish traders quickly swooped in, reinvigorating the asset’s momentum as it climbed back toward $64,000. This latest fluctuation
In the world of cryptocurrency investments, Grayscale’s funds have positioned themselves as heavyweights, particularly in the U.S. stock market through its leading products: GBTC and ETHE. However, recent reports reveal significant challenges facing these funds. Both GBTC and ETHE experienced considerable net outflows, highlighting a troubling trend for investors. Despite these withdrawals, the prices of
