In recent times, the Ethereum market has experienced a notable shift, with rising exchange reserves indicating a potential new distribution phase. The CryptoQuant Ethereum Exchange Reserve metric has been a key indicator, tracking the amount of ETH held in exchange wallets. This rise in the metric often signals that traders are moving their ETH onto
Crypto
In recent months, there has been a noticeable decline in whale activity across major crypto assets such as Bitcoin and Ethereum. According to Santiment’s latest analysis, high-value transactions of $100k or more have decreased significantly. For example, during the period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each. However, by August
The Open Network (TON) and its native token have been facing a series of challenges in recent times. Last week, the platform experienced outages due to the overwhelming demand for DOGS, leading to frustration among users. However, the latest setback came in the form of a drastic price drop of over 90% in just a
Recently, crypto analyst ‘Titan of Crypto’ revealed a technical pattern that has never been witnessed before in the cryptocurrency market. A golden cross is in the making between the 100-day moving average and the 200-day moving average, signifying a potential bullish long-term trend reversal. This pattern, unlike the traditional golden cross involving a 50-day and
In a recent report released by Henley & Partners, it was revealed that the number of individuals holding over $1 million in digital assets has skyrocketed by 95% to 172,300. This surge in wealth comes at a time when the crypto market has experienced significant growth, with its total value increasing to $2.3 trillion, marking
In the past month, the cryptocurrency industry has been hit with a series of high-profile hacks resulting in losses totaling over $313 million. These hacks have highlighted the vulnerabilities present in the crypto space, with over 10 different incidents contributing to the staggering amount lost. The most significant losses, accounting for 93.5% of the total
Last week, digital asset investment products experienced outflows totaling $305 million, signaling a widespread negative sentiment among various providers and regions. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States, which has subsequently decreased the likelihood of a 50-basis point interest rate reduction. As a result, the asset manager
Recent data from bitcoin (BTC) on-chain analysis platform Bitbo paints a grim picture for miners, showing their worst month in nearly a year in terms of revenue generation. The figures reveal that BTC mining activities secured a mere $827 million in August, marking a significant 10% decrease from the previous month’s earnings of $927.35 million.
In the past 24 hours, Bitcoin’s price has taken a turn for the worse, dropping to a 2-week low of $57,100. This recent slump comes after a period of highs just a week ago, when the asset climbed to over $65,100, charting a multi-week peak. However, Bitcoin failed to maintain its momentum, gradually losing value
Authorities in the UK have taken a stern stance against individuals operating Bitcoin ATMs without proper registration. One such case involves Habibur Rahman, a 37-year-old resident of Langdon Crescent, East Ham, who was recently charged with this offense. Following a raid by Kent Police at a gadget shop in Chatham, Rahman was arrested on April
