As Bitcoin (BTC) hovers between the $94,000 and $96,000 marks, the broader crypto landscape is abuzz with speculation about an impending breakout. Recent insights from prominent blockchain analytics platforms, particularly CryptoQuant, suggest that this leading cryptocurrency is poised for a sharp increase within the forthcoming weeks. This anticipation is fueled by on-chain indicators that many
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The narrative surrounding Bitcoin often presents HODLers as steadfast investors who never sell their holdings. This notion, however, is misleading, as highlighted by on-chain analyst James Check. Contrary to popular belief, these long-term holders occasionally engage in selling activities, contributing to the stagnation in Bitcoin prices. As of early December, Bitcoin has remained relatively stable,
RTFKT, the innovative force behind non-fungible token (NFT) sneakers and avatars, has announced its plans to cease operations by January 2025. This decision, shared via a post on social media platform X on December 2, represents not only the end of a company but also the conclusion of an adventurous chapter in the realm of
In a notable shift in the cryptocurrency landscape, Bitcoin witnessed significant outflows amounting to $457 million over the past week. This marks a pivotal moment, as it was the first major withdrawal from the asset since early September. According to CoinShares, this significant outflow is reflective of profit-taking behavior, particularly after Bitcoin tested the psychological
In recent months, Ripple’s XRP Ledger (XRPL) has emerged as a vibrant hub for meme tokens, captivating the attention of crypto enthusiasts and traders alike. With the resurgence of Ripple’s own XRP token—experiencing an impressive 88% increase within just a week—the ecosystem has witnessed a remarkable influx of new meme tokens such as ARMY, 589,
In a significant turn of events for the Japanese cryptocurrency landscape, DMM Bitcoin has announced its plans to cease all operations by March 2025. This decision comes in the wake of a catastrophic security breach that led to losses exceeding $300 million, raising crucial questions about the efficacy of security measures in place at cryptocurrency
On December 1, 2023, Clipper, a decentralized exchange (DEX), fell victim to a significant security breach at 4 am UTC. This incident primarily targeted its liquidity pools on Optimism and Base, an early warning of the vulnerabilities that still plague decentralized finance platforms. Chaofan Shou, a co-founder of Fuzzland—a firm specializing in blockchain security—initially pointed
In 2019, when Facebook debuted its blockchain project initially known as Libra, it did so with grand ambitions. Designed to create a fast and efficient payment system, Libra aimed not only to address everyday transaction challenges but to establish a significant foothold in the financial landscape. Under the guidance of David Marcus, the initiative promised
XRP has recently made headlines by securing the third position in the cryptocurrency market, surpassing notable competitors such as Tether (USDT) and Solana (SOL). As per data from CoinMarketCap, XRP’s market capitalization has soared beyond $1.35 trillion, trailing only Bitcoin (BTC) and Ethereum (ETH). The past week has seen an impressive rise of nearly 70%
XRP, the native cryptocurrency of the Ripple network, has recently witnessed a staggering increase in value, claiming a remarkable uptick of over 100% within a week. This aggressive price action is noteworthy as it signals investors’ bullish sentiment, leading XRP to surpass critical resistance levels and reach values not seen in nearly seven years. Specifically,
