Bitcoin Exchange-Traded Funds (ETFs) have been on a remarkable streak recently, with over $500 million flowing into the largest US-based products in the last trading week. On the contrary, Ethereum ETFs are facing challenges, characterized by low trading volumes and frequent withdrawals. The beginning of the month was rocky for spot Bitcoin ETFs, as they
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In the volatile world of cryptocurrencies, it is not uncommon for market corrections to trigger panic among investors. The recent Bitcoin crash below $50,000 on August 5 is a prime example of this phenomenon. Many short-term holders, defined as investors who hold onto their assets for a brief period, were quick to liquidate their positions
The recent statements by Federal Reserve Chairman, Jerome Powell, regarding the possibility of future interest rate cuts have sent ripples through various financial markets. This potential shift in monetary policy is not only expected to impact traditional markets but could also have significant implications for the cryptocurrency sector. In this article, we will explore how
Samuel Edyme, also known by his nickname HIM-buktu, is not your typical web3 content writer. His background is a testament to his resilience and determination in the face of adversity. Instead of starting his journey in the crypto universe with a successful investment, Edyme was initially drawn in by a Ponzi scheme that utilized crypto
The downfall of Heartland Tri-State Bank (HTSB) was orchestrated by its own CEO, Shan Hanes, who was sentenced to 293 months in federal prison for embezzling a staggering $47.1 million in a cryptocurrency fraud scheme. Hanes executed 11 unauthorized wire transfers to a cryptocurrency wallet over the span of two months, ultimately leading to the
The recent spike in Bitcoin’s price, attributed to Federal Reserve Chairman Jerome Powell’s hint at a potential rate cut, has brought about a wave of volatility in the cryptocurrency market. This unexpected turn of events has many traders anticipating further price appreciation as they position themselves for potential gains. The market is closely watching Bitcoin
The Cardano (ADA) community is abuzz with excitement as the highly anticipated Chang hard fork approaches. Recent updates from Intersect, a member-based organization for the Cardano ecosystem, have shed light on the key dates for the Chang upgrade launch. A recent meeting of the Chang hard fork group confirmed that the majority of preparations for
The cryptocurrency market is currently experiencing a period of uncertainty, with prices fluctuating and no clear direction in sight. However, the upcoming Pectra upgrade for the Ethereum (ETH) network, scheduled for the first quarter of 2025, has caught the attention of many analysts who believe it could be a game-changer for Ethereum’s price. This upgrade
Indian cryptocurrency exchange, WazirX, has been facing challenges in its restructuring process following a major security breach on July 18th. The exchange has revealed that external parties not invested in the platform may be attempting to prolong the restructuring process for their own gains. These parties are allegedly creating and maintaining uncertainty rather than working
Shibarium, a layer-2 blockchain solution operating on the Ethereum network, was created with the intention of nurturing the growth of the Shiba Inu ecosystem. The primary objectives of Shibarium include reducing transaction costs, increasing speed, and enhancing scalability. Since its inception a year ago, the platform has achieved significant milestones, including processing over 418 million
