The Federal Reserve’s rate cut in 2019 saw Cardano plummet by 57%, showcasing a vulnerability to traditional financial changes. As the market braces for another potential rate cut, the cryptocurrency could face a similar fate. Today, the public debt has surged to nearly $35 trillion, with interest rates standing at 5.33%, more than double the
Bitcoin (BTC) is finally seeing a resurgence in its price, indicating a possible start of a long-awaited bull run in the market. Recent price spikes have sent the cryptocurrency retesting the $57,000 level, showcasing renewed momentum that could lead to further gains for Bitcoin. Santiment, a market intelligence platform, recently announced a positive change in
Bitcoin, the leading cryptocurrency in the market, has been facing challenges in maintaining its price above $54,000 and breaking the $57,000 mark. Despite this, a recent analysis by crypto analyst Kaleo suggests that Bitcoin’s fundamentals are strong. Comparing the current price dynamics to the previous halving cycle, Kaleo’s findings indicate that Bitcoin is actually in
Amidst growing concerns over its financial stability, Fintech bank Nubank has decided to suspend trading for its cryptocurrency, Nucoin. This unexpected move was announced on September 10 through a blog post, where Nubank revealed that Nucoin can no longer be bought or sold within its app. The cryptocurrency, which was introduced in late 2022 on
Samuel Edyme, also known as HIM-buktu, is not your typical crypto enthusiast. His entry into the world of cryptocurrencies was marked by a scam, which instead of deterring him, fueled his determination to learn and understand the market dynamics. Unlike traditional investors, Edyme describes himself as a former crypto degen, someone who would invest in
Rocky Rabbit, a tap-to-earn Telegram-based game, has set the date for its highly anticipated airdrop of its native token, RabBitcoin ($RBTC), on September 23, 2024. This airdrop will take place on The Open Network (TON) and aims to reward loyal players and early adopters of the game. The airdrop serves as a crucial milestone in
In an effort to stay competitive in the evolving financial landscape, Zurich Cantonal Bank, one of Switzerland’s leading banks, recently announced its foray into the world of cryptocurrencies. The bank unveiled its Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024, making it the latest financial entity to offer such services in Europe.
Jameson Lopp, co-founder of CasaHODL, recently raised concerns about a new phishing scam that is targeting users of the cryptocurrency exchange Gemini. The scam involves a fake data breach notice that is being used to deceive users into transferring their funds to malicious actors. This deceptive notice falsely claims that Gemini is teaming up with
A recent development in the case of detained Binance executive Tigran Gambaryan has seen the Nigerian court delaying the decision on his bail application until October 9th. This decision was made by Judge Emeka Nwite after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who was against the bail
In a recent analysis by ITC Crypto founder and CEO Benjamin Cowen, a wedge chart pattern was identified in the current market cycle for Ethereum. This pattern bears resemblance to previous cycles in 2019, albeit on a much larger scale. Cowen pointed out that the ETH/BTC structure experienced a bottom after an interest rate cut
