The landscape of cryptocurrency is ever-evolving, marked by rapid developments and shifting user interests. A key metric for gauging the vitality of any blockchain network is its number of daily active addresses. This figure provides a window into the level of user interaction and engagement with a given cryptocurrency. Recent analysis by the market intelligence
Crypto
Recent developments in the cryptocurrency market indicate a robust surge in demand for spot Bitcoin exchange-traded funds (ETFs) among US investors. Throughout the last week, over $1 billion flowed into 11 US-based spot Bitcoin ETFs, marking a significant uptick in bullish sentiment. This surge has rekindled interest in not only Bitcoin but also its counterpart,
In the ever-evolving landscape of cryptocurrency, Bitcoin has demonstrated a remarkable ability to respond to macroeconomic data. Following the recent release of US inflation figures, Bitcoin witnessed a significant surge, surpassing the $66,500 mark—a price level not seen in nearly two months. This momentum highlights Bitcoin’s connection to traditional financial indicators, showcasing how external factors
The cryptocurrency market has been experiencing significant fluctuations, particularly with Bitcoin, which has recently broken through the pivotal $64K mark. This resurgence in price indicates not only a technical breakout but also suggests that traders are optimistic about reaching another all-time high. The fact that Bitcoin has managed to surpass both this price level and
In an escalating battle against cybercrime, U.S. authorities have turned their attention to two Russian nationals, Sergey Sergeevich Ivanov and Timur Shakhmametov. Accused of managing a notorious cryptocurrency money laundering operation, their activities are said to be deeply intertwined with a range of cybercriminal activities originating from Russia. The implications of these charges not only
In recent years, the burgeoning cryptocurrency sector has attracted considerable attention from politicians seeking to court a growing electorate of crypto enthusiasts. The digital asset lobby group, Stand With Crypto, previously renowned for its rankings of politicians based on their support for cryptocurrencies, recently faced backlash that highlighted the volatility and contentious nature of political
In the rapidly evolving landscape of cryptocurrency, Ethereum (ETH) has emerged as a cornerstone, significantly influencing various sectors within the digital asset ecosystem. A recent report from Coinshares, published on September 24, sheds light on the defining components of Ethereum’s current role and anticipated future developments. The analysis identifies two primary pillars propelling Ethereum: marketplaces
In the fast-paced world of cryptocurrencies, few names resonate as strongly as Shiba Inu (SHIB). Recently, this meme coin has seen significant price movements, witnessing a remarkable 35% surge in just a week, which has positioned it as the 14th largest cryptocurrency with a market capitalization exceeding $11.5 billion. However, beyond the headlines lies a
On December 2, 2023, Roman Storm, co-founder of the controversial privacy tool Tornado Cash, is set to face trial in New York amidst serious money laundering charges brought by the U.S. Department of Justice (DOJ). The proceedings come after U.S. District Judge Katherine Polk Failla denied Storm’s motion to dismiss the charges. This development raises
In a significant legal maneuver, the Singapore courts have provided Indian cryptocurrency exchange WazirX with a four-month moratorium, responding to the company’s urgent appeal for a safeguard mechanism following a devastating financial incident. The moratorium, however, is not without stipulations. It requires WazirX to maintain complete transparency regarding its wallet addresses and financial disclosures, underlining
