The markets have displayed significant strength over the past few weeks. Bitcoin, on the other hand, is not really accelerating, but it does display some momentum. The market participants continue to remain bewildered, as they appear to be concerned about the impending trend as the debate over whether Bitcoin price action is bullish or bearish...Read More
Research by blockchain security firm Hacken has found that most of the crypto projects rug-pulled in the third quarter of 2023 had no audit reports. According to the Q3 2023 Security Insights report, only 12 out of 78 examined rug pulls conducted and reported audits. Most Rugpulled Projects Are Not Audited An independent third-party audit...Read More
Cantor Fitzgerald becomes the latest in a long line of financial institutions that believe a spot Bitcoin ETF approval is inevitable. Analysts Josh Siegler and Will Carson from Cantor reveal that the SEC will likely green-light a Bitcoin ETF in the coming months, largely due to Grayscale’s legal victory against it. The DC Circuit court...Read More
The United States is the world’s largest cryptocurrency market, accounting for 24.4% of global transaction activity, according to a recent report by Chainalysis. The report, released on October 23, revealed that there was an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023 in the U.S. Moreover, institutional activity makes up...Read More
Galaxy Digital, the crypto venture led by U.S. billionaire Mike Novogratz, has projected a substantial capital influx into spot Bitcoin exchange-traded funds (ETFs). According to the estimations, these ETFs could witness an impressive $14.4 billion in inflows during their inaugural year, potentially reshaping the investment landscape. The venture contends that the allure of spot Bitcoin...Read More
In September, a Seattle startup lab of white hat hackers sent proof to a senior writer at WIRED Magazine that they could crack the IronKey S200 thumb drive containing 7002 Bitcoins. But former Ripple CTO Stefan Thomas incredibly refused an offer by the Seattle startup, named Unciphered, to access the USB drive for him. Fmr....Read More
Bitcoin price surged in a breakout rally to briefly touch $35,000 this month. But Euro Pacific Capital’s founder and chief global strategist doesn’t think it will last. This month saw the ever-widening buzz surrounding a hotly anticipated approval by the SEC of a spot Bitcoin ETF. The excitement has pushed blowout Bitcoin sales on crypto...Read More
South Korea has emerged as a global hotspot for cryptocurrency investment in recent years, according to a recent survey, with six million crypto investors representing over 10% of the country’s total population. This phenomenon has reshaped the financial landscape and highlighted the dominance of centralized exchanges in the Korean crypto market. A Closer Look at...Read More
This month’s ‘Uptober’ trend brought a strong rebound across the market, with numerous altcoins and Bitcoin reaching their highest levels of the year. Concurrently, memecoins experienced an explosive surge, notably with PEPE’s value climbing more than 100%. Motivated by these developments, both individual investors and large-scale holders have been accumulating more coins ahead of another...Read More
