In A Nutshell The recent observations in the Bitcoin market suggest a potential delay in an expected rally due to contrasting volume indicators and a notable lack of trading volume. While Bitcoin has managed to turn the $67,000 mark into a support level, signaling a bullish structure, the anticipated uptrend might be stalled without increased…
In A Nutshell The financial world is abuzz with speculation as Ethereum (ETH) Exchange-Traded Funds (ETFs) edge closer to final approval, potentially shifting the spotlight from Bitcoin (BTC). Recent developments have sparked a debate on whether Ethereum’s ETF could distract investors and traders from Bitcoin. With influential figures like Anthony Pompliano and Michael Saylor weighing…
In A Nutshell Recent activities have highlighted the movement of a substantial quantity of Bitcoin (BTC) from the now-defunct Mt. Gox exchange. Despite the transfer of approximately 140,000 BTC, valued at around $9.4 billion, analyses from multiple data sources, including CryptoQuant and Santiment, suggest that these movements have not significantly impacted Bitcoin’s market presence or…
In A Nutshell Terraform Labs and its CEO, Do Kwon, are on the verge of finalizing a settlement agreement with the U.S. Securities and Exchange Commission (SEC) following fraud allegations. The case, which revolves around the misleading sale and promotion of cryptocurrency tokens, notably the algorithmic stablecoin Terra USD (UST) and its related tokens, is…
In A Nutshell Recent data from Immunefi, a blockchain security organization, indicates a notable 12% decrease in financial losses due to cryptocurrency frauds and hacks in May compared to the same timeframe last year. The recorded losses, totaling $52 million for the month, also represent a significant 28% drop from April’s figures. This ongoing trend…
In A Nutshell The stablecoin sector has achieved a significant milestone, with the market capitalization reaching a 24-month peak at $161 billion as reported by cryptocurrency analytics platform CCData. Despite this growth, the dominance of stablecoins in the broader cryptocurrency market has seen a slight decrease. This trend reflects a broader recovery in the cryptocurrency…
In A Nutshell The evolving landscape of Bitcoin’s use cases takes a significant leap forward with the introduction of BTCfi by DLC.Link, as co-founder Aki Balogh discusses the potential of decentralized finance (DeFi) on Bitcoin. This innovation aims to unlock Bitcoin’s capability for collateral, yield farming, and more, presenting a fresh perspective on the utilization…
In A Nutshell The EasyA Hackathon, set to take place at Consensus 2024 in Austin, Texas, has become a focal point for developers within the blockchain sphere. With a substantial prize pool of $250,000, this event is not only drawing attention for its competitive stakes but also for its potential to shape the future of…
In A Nutshell The digital currency XRP is currently experiencing a precarious balance, attempting to maintain its value around $0.52. Despite a brief uplift in its price, indicating some positive momentum last week, the asset has entered this week with a decline. The critical insight from AMBCrypto delves into the underlying factors influencing XRP’s current…
In A Nutshell The Bitcoin Rainbow Chart, a popular indicator among cryptocurrency investors, has recently entered a “buy” zone, suggesting that now might be an opportune time to purchase Bitcoin (BTC). However, despite this bullish signal, the market is witnessing high selling pressure, with various on-chain metrics and market indicators pointing towards a potential price…