Crypto Titans Clash Over ‘ETHGate’ Allegations

Crypto Titans Clash Over ‘ETHGate’ Allegations

In A Nutshell A recent debate has emerged between Ripple’s CTO, David Schwartz, and Cardano’s co-founder, Charles Hoskinson, primarily focused on the alleged regulatory favoritism towards Ethereum, dubbed as ‘ETHGate’. This discussion highlights concerns over fairness and transparency within cryptocurrency regulation and questions the influence of Ethereum community members on regulatory decisions impacting Ripple’s XRP….

Bitcoin Mining Hits Low Profit Since June 2021 Post-Halving

Bitcoin Mining Hits Low Profit Since June 2021 Post-Halving

In A Nutshell Bitcoin mining profitability has plunged to its lowest since June 2021, raising concerns over the sustainability of miners in the post-halving landscape. The reduction in block rewards from 6.25 BTC to 3.125 BTC per block post-halving has significantly impacted miners’ earnings, creating a challenging environment especially for smaller mining operations. Concurrently, selling…

Whales Buy More ADA Despite 30% Drop, Eyeing Reversal

Whales Buy More ADA Despite 30% Drop, Eyeing Reversal

In A Nutshell Recent observations have highlighted a significant uptick in Cardano (ADA) accumulation by large-scale investors, commonly referred to as “whales,” despite a notable 30% dip in its market value over the past month. This phenomenon raises questions about the potential for a bullish reversal in ADA’s price trajectory. With a daily average of…

Bitcoin to Surge with US Liquidity Boost in 2024

Bitcoin to Surge with US Liquidity Boost in 2024

In A Nutshell As the cryptocurrency community continues to navigate through the volatile waters of market dynamics, Bitcoin (BTC) finds itself at a crossroads. Recent analyses have highlighted a strong correlation between BTC’s price movements and US liquidity levels. This relationship suggests that upcoming changes in fiscal liquidity, especially in the latter half of 2024,…

Altcoin Interest Rises as Bitcoin Dominance Wanes

Altcoin Interest Rises as Bitcoin Dominance Wanes

In A Nutshell The recent decline in Bitcoin dominance has sparked interest among investors towards altcoins, such as Chainlink (LINK), as potential investment opportunities. The decrease in Bitcoin’s market capitalization share suggests a shifting landscape that could favor altcoins. With specific technical indicators pointing towards a possible uptick for altcoins like LINK, investors are closely…

BONKKILLER Scam Hits $328T Cap, Traps Funds

BONKKILLER Scam Hits $328T Cap, Traps Funds

In A Nutshell A lesser-known Solana-based memecoin, BONKKILLER, has astonishingly claimed a market capitalization of $328 trillion, surpassing the economic output of the entire world. However, this valuation is not a sign of success or viability but the result of a honeypot scam operation where the token’s creator has implemented measures to prevent any sales,…

Eisenberg Faces New Charges Amid Crypto Scandal

Eisenberg Faces New Charges Amid Crypto Scandal

In A Nutshell Avraham Eisenberg, previously found guilty of a significant financial crime involving Mango Markets, now faces new charges related to the possession of child pornography. Originating from an extensive investigation into his fraudulent activities, this development adds a severe dimension to his legal troubles. The Charges Explained In January 2023, authorities conducting a…

MicroStrategy Buys More Bitcoin Despite $53M Q1 Loss

MicroStrategy Buys More Bitcoin Despite $53M Q1 Loss

In A Nutshell MicroStrategy, recognized as the largest corporate holder of Bitcoin, faced a $53.1 million net loss in Q1 of 2024, driven by a significant digital asset impairment loss. Despite the financial downturn, the company persisted in its Bitcoin acquisition strategy, purchasing an additional 122 Bitcoin in April. This move comes amidst a backdrop…

$435M Flees Crypto Funds Amid Economic Fears

$435M Flees Crypto Funds Amid Economic Fears

In A Nutshell The last week witnessed a significant $435 million outflow from cryptocurrency investment funds, marking a pause in the bull market as investors grow cautious amidst rising inflation concerns. Notably, Bitcoin (BTC) funds saw the largest exodus with $423 million leaving the market, while Ether (ETH) funds also experienced withdrawals. On the flip…