Archives par catégorie: Business

Bitwise Withdraws Application, A Big Blow To Ethereum ETFs?

Bitwise Withdraws Application, A Big Blow To Ethereum ETFs?

In a recent development, asset manager Bitwise has withdrawn its application to transform its existing Bitcoin futures ETF (Bitwise Bitcoin Strategy Optimum Roll ETF) to one that invests in both Bitcoin and Ethereum futures contracts.  This has raised speculations about the reason for this decision and what it means for the Ethereum futures ETFs projected […]

XRP Forecast: Is A Retreat Below $0.5 Likely Before October?

XRP Forecast: Is A Retreat Below $0.5 Likely Before October?

XRP has maintained its position within the confines of a symmetrical triangle pattern, with today’s modest surge doing little to alter its trajectory. This symmetrical triangle pattern has exerted significant influence over XRP’s price movements for the past month, indicating that it may continue to dictate the coin’s fate in the near future. The symmetrical […]

Why This Bank CEO Wants 99% Of The Crypto Industry Gone

Why This Bank CEO Wants 99% Of The Crypto Industry Gone

In a bold and contentious statement, Caitlin Long has asserted that 99% of the crypto industry should be eliminated to decrease leverage buildup and improve the industry’s future advancement. Industry Overhaul Demanded For Sustainability Caitlin Long, Founder and CEO of Custodia Bank, a crypto asset banking company, has called for a seismic change in the […]

New Bitcoin Prediction: Analyst Backs BTC To Reach $34,500 In 2024

New Bitcoin Prediction: Analyst Backs BTC To Reach $34,500 In 2024

Bitcoin (BTC) has experienced little price movement this week and is up by only 0.25% in seven days, according to data from CoinMarketCap. Following the announcement on Wednesday that federal interest rates will remain at their current level, the premier cryptocurrency showed the expected reaction, maintaining its price above $27,000.  However, over the last two days, […]

Why October Is An Important Month For The Crypto Industry As Key SEC Decisions Loom

Why October Is An Important Month For The Crypto Industry As Key SEC Decisions Loom

As October approaches, the crypto community will have their eyes set on the US Securities and Exchange Commission (SEC), as it has some key decisions to make that could invariably affect the crypto industry and everyone in it.  SEC Appeal Incoming? The SEC is expected to decide whether or not to appeal the ruling in […]

Ethereum Network Fees Hit 2023 Low: What It Could Mean For ETH Price

Ethereum Network Fees Hit 2023 Low: What It Could Mean For ETH Price

In recent weeks, Ethereum (ETH), one of the most valuable assets in the cryptocurrency market, has not enjoyed favorable sentiment due to its struggling price and unstable on-chain performance. The general market condition has not offered much reprieve either, as most altcoins have failed to maintain an upward momentum.  Fortunately, the latest on-chain revelation offers some […]

Polkadot Cross-Chain Bid Takes Flight As DOT Battles Uncertainty

Polkadot Cross-Chain Bid Takes Flight As DOT Battles Uncertainty

Polkadot (DOT) is making strategic moves to propel its development forward as bearish market conditions continue to cast a shadow over the crypto landscape. In recent weeks, the network has shifted its focus away from speculation, opting instead to double down on its commitment to technological advancement.  This move was evident in the multiple presentations […]

FTX CEO’s Asset Recovery Escalates As Sam Bankman-Fried Trial Looms

FTX CEO’s Asset Recovery Escalates As Sam Bankman-Fried Trial Looms

In a battle to recover billions of dollars following the collapse of FTX, Chief Executive and Restructuring Officer John J. Ray III, is intensifying efforts just weeks before FTX founder Sam Bankman-Fried faces trial in what has been labeled one of the largest financial frauds in American history. Bankruptcy court proceedings kicked off the week […]

CRV Spikes 22% In 2 Weeks As Whale Withdraws From Binance

CRV Spikes 22% In 2 Weeks As Whale Withdraws From Binance

CRV, the native currency of Curve Finance, the decentralized exchange focused on stablecoins, is shaking off August’s weakness and printing higher highs when writing on September 22. Trackers reveal that CRV is up 22% in the past two weeks, adding 10% in the last week alone. Coincidentally, there has been increased activity from a whale moving CRV […]

Shiba Inu (SHIB) Burn Rate Sees Exponential 627% Jump

Shiba Inu (SHIB) Burn Rate Sees Exponential 627% Jump

Shiba Inu has seen an impressive recovery in its burn rate after recording a slow start to the week. The recent acceleration could suggest that investors are once again rousing and choosing to actively contribute to the reduction of supply which could lead to an increase in price. Shiba Inu Burn Rate Rises 627% Thursday, […]

Coinbase Holds $25 Billion Worth Of Bitcoin, Becomes Largest Holder With 1M BTC

Coinbase Holds $25 Billion Worth Of Bitcoin, Becomes Largest Holder With 1M BTC

In a notable discovery, Arkham Intel, a leading blockchain intelligence platform, has identified $25 billion worth of Bitcoin (BTC) reserves held by Coinbase, the prominent US-based cryptocurrency exchange.  This revelation puts Coinbase at the forefront of the Bitcoin landscape, positioning it as the largest Bitcoin entity in the world alongside the enigmatic Satoshi Nakamoto. The […]

Polkadot To Increase Parachains By 10X, Will This Support Free-Falling DOT?

Polkadot To Increase Parachains By 10X, Will This Support Free-Falling DOT?

Polkadot, a platform aiming to drive blockchain interoperability, wants to increase the number of parachains from 100 to 1,000 in a planned upgrade. The network, which remains one of the most valuable by market cap, has, like most layer 1 networks, suffered from dropping user activity over the past months.  DOT Is Down Over 90% […]

81 Binance Wallets Withdraw $31 Million In LINK, What This Mean For The Altcoin

81 Binance Wallets Withdraw $31 Million In LINK, What This Mean For The Altcoin

Recently, Binance, one of the world’s leading crypto exchanges, witnessed an unusual pattern of withdrawals. Particularly, 4.7 million LINK tokens, equivalent to roughly $31.58 million, were suddenly withdrawn over a brief period by 81 newly minted wallets.  The event is noteworthy due to the large number of tokens moved and the swift, simultaneous action across […]

Privacy For All: Brave To Integrate Zcash Protocol On Native Crypto Wallet

Privacy For All: Brave To Integrate Zcash Protocol On Native Crypto Wallet

During the Messari Mainnet event, the company behind the internet browser Brave announced a partnership with the Electric Coin Co. (ECC) and the Filecoin Foundation. These entities are the leading developers of the Zcash (ZEC) protocol and Filecoin (FIL). Brave Brings Zcash Tools Into Web3 According to an official announcement, the cooperation aims to “improve” […]

This Bitcoin Chart Mirrors Sinister 2019 Shadow: Retrace To $20,000 On The Horizon?

This Bitcoin Chart Mirrors Sinister 2019 Shadow: Retrace To $20,000 On The Horizon?

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has faced a setback in its recent gains after failing to consolidate above the $27,000 level. With no positive macro news to drive BTC beyond upper resistance lines, industry experts are looking for a chart analysis that suggests BTC may be on the verge of a significant […]

Major Milestones Shows XRP Ledger Is Becoming A DeFi Force To Be Reckoned With

Major Milestones Shows XRP Ledger Is Becoming A DeFi Force To Be Reckoned With

After the XRP token recorded an all-time high in daily trading volumes for crypto exchanges in the US, the Ripple ecosystem has achieved a new milestone, successfully hitting over 82 million registered ledgers on its XRP Ledger.  XRP Ledger Surpasses 82 Million Ledgers XRP Ledger, a decentralized public blockchain backing the XRP token has gained […]

Bitcoin Bull Run May Not Begin Until This Ratio Reverses Trend

Bitcoin Bull Run May Not Begin Until This Ratio Reverses Trend

The Bitcoin bull run may not start properly until this on-chain ratio reverses the trajectory it is currently going in. Bitcoin RHODL Ratio Is Currently Showing A “Dead Cat Bounce” As analyst James V. Straten explained in a post on X, the BTC RHODL ratio may contain hints about when the cryptocurrency’s next bull run […]

ImmutableX Makes Noise As IMX Dominates Top 50 Roster With 33% Climb

ImmutableX Makes Noise As IMX Dominates Top 50 Roster With 33% Climb

The price surge of ImmutableX (IMX) came as a surprise to the market, as the altcoin took the lead in the cryptocurrency market rally on Friday. The alternative cryptocurrency reached its highest point in 45 days and successfully transformed several resistance levels into stable support levels. IMX reached a peak of $0.77, marking a 33% […]

Web Updates: Better Portfolio Management & On-chain Analytics

Web Updates: Better Portfolio Management & On-chain Analytics

GM, CoinStats community! We’re thrilled to unveil some pretty magical updates to CoinStats. Our team has been hard at work behind the scenes to offer these new features for an enhanced crypto-tracking experience. We’re bringing you a more comfortable portfolio management experience as well as new features that can help support your investment decisions and […]