The cryptocurrency market experienced a remarkable yet fleeting event when Bitcoin briefly soared past the $100,000 mark, only to see a significant retreat shortly thereafter. Within just 24 hours, the leading digital asset confronted a steep decline of approximately 14%. This swift correction was largely attributed to long-term holders (LTHs) seizing the opportunity to lock
Crypto
The landscape of the crypto industry is constantly evolving, shaped by technological advancements and regulatory interventions. Recently, a significant shift has emerged, spearheaded by Tyler Winklevoss, co-founder of the Gemini crypto exchange, alongside Coinbase CEO Brian Armstrong. Both leaders have taken a public stance against former officials of the U.S. Securities and Exchange Commission (SEC)
Bitcoin’s quest to maintain its price above the psychologically significant $100,000 threshold has been fraught with challenges. Investors are closely monitoring its volatility as fears arise that the cryptocurrency’s impressive upward trajectory might be losing steam. However, the narrative that Bitcoin is on the verge of a decline is often overly pessimistic. Instead, a nuanced
Ethereum has been facing considerable challenges as it attempts to break through the $4,000 resistance mark, having recently dipped approximately 3% to around $3,850. This downward movement occurred on a Monday, prompting fears of a potential continued decline. Nonetheless, market analysts are not entirely pessimistic, suggesting that Ethereum may be on the verge of a
December is often seen as a festive time of year, but beyond the decorations and holiday spirit, investors are keenly contemplating the landscape of Bitcoin and cryptocurrency trading. The critical question arises: is December a favorable time for Bitcoin purchases? Historically, this month has exhibited trends that may underpin a considerable rise in Bitcoin’s value,
India’s regulatory environment for cryptocurrencies is evolving rapidly, as evidenced by recent investigations into significant tax evasion within the sector. With the government tightening the noose around crypto exchanges and their operators, the stakes are rising. These actions reveal not only the economic concerns surrounding cryptocurrencies but also the challenges the government faces in effectively
In recent months, the world of Decentralized Finance (DeFi) has become increasingly complicated, particularly with the alarming rise of sandwich attacks. Notably, November witnessed a staggering 35.5% of BNB Chain’s blocks subjected to these malicious attacks, highlighting a rather pressing vulnerability within the ecosystem. Sandwich attacks, also known as front-running, exploit the transparency of the
The landscape of cryptocurrency regulation is evolving, marked by heightened scrutiny from authorities like the U.S. Securities and Exchange Commission (SEC). The ongoing litigation against Binance and its U.S. entity, Binance.US, spearheaded by former CEO Changpeng Zhao, has ignited an intense debate about the validity of crypto assets as securities. The SEC’s relentless pursuit to
The cryptocurrency market has once again showcased its notorious volatility, particularly with Bitcoin, which recently soared to an impressive $102,000. After this peak, however, it faced a significant downturn, illustrating the unpredictable nature of this digital asset. Bitcoin’s journey has been anything but smooth, as it exhibited both remarkable ascents and steep declines within a
In a notable move reflecting the growing trend of institutional investment in cryptocurrencies, Semler Scientific has significantly bolstered its Bitcoin assets through a recent acquisition of $30 million worth of the digital currency. This purchase has raised its total holdings to an impressive 1,873 BTC. The acquisition was reported in an official announcement, revealing that
