The historical data on Bitcoin’s on-chain activity has shown a strong correlation between high demand and price recoveries in the past. However, the current market dynamics paint a different picture. According to a recent report from CryptoQuant, Bitcoin’s demand growth has significantly slowed since early April, when the price was hovering around $70,000. The 30-day
Opeyemi’s journey into the world of cryptocurrency was not a straightforward one. Despite not having it as his first choice, he has become deeply immersed in the digital asset industry for over two years now. What initially caught his attention has now turned into a full-blown passion for unraveling the complexities of blockchain technology and
Recently, Cardano has been the subject of numerous bullish predictions, particularly in anticipation of the Chang upgrade. This upgrade is considered to be one of the most crucial updates for the network in a significant amount of time, sparking a surge of optimism among its supporters. Notably, crypto analyst Alan Santana has put forth a
Binance, the world’s leading cryptocurrency exchange, recently announced that it would be temporarily suspending deposits and withdrawals for The Open Network (TON) on August 26. This maintenance activity is expected to last around two hours, during which users will not be able to deposit or withdraw TON tokens. However, trading activities on the platform will
Bitcoin’s price has been experiencing significant fluctuations, with the bulls currently dominating the market. Reclaiming the crucial $60K mark and aiming for $61,000 indicates bullish sentiment. However, approaching the weekend brings unique challenges, as weekend price actions differ due to decreased trading volume. Lower trading volume can lead to more pronounced price movements, making it
Ripple, a company known for its XRP token, recently announced its plans to launch a stablecoin called Ripple USD (RLUSD) on both the XRP Ledger and Ethereum platforms. This move aims to bridge the gap between the world of cryptocurrency and traditional finance. The stablecoin is expected to provide deep liquidity for major trading pairs
Former Binance CEO Changpeng ‘CZ’ Zhao recently made headlines after being transferred from FCI Lompoc II to the RRM Long Beach halfway house in California. This move has sparked confusion among X users, who mistakenly believed that he had been released. However, it is important to note that CZ remains incarcerated. The RRM Long Beach
The DeFi Education Fund and the Blockchain Association have joined forces to submit an amicus brief in support of a legal challenge against the SEC’s Consolidated Audit Trail (CAT). The brief emphasized the significant privacy and security concerns posed by the CAT, especially for participants in the digital asset market. It argued that the CAT
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. The decision by Judge William H. Orrick comes after Kraken requested a dismissal of the case filed by the SEC in
As Cardano (ADA) experiences a significant price surge in the last seven days, investors are closely watching the on-chain data to determine how they will react to these developments. It is crucial to note that while Cardano has shown gains of over 14% in this period, there may be looming selling pressure from investors who
