A recent report from Grayscale Investments revealed an unexpected diversity in Bitcoin (BTC) ownership, with 74% of addresses holding less than 0.01 bitcoin, equivalent to approximately $380. Grayscale’s research dispels the inaccurate public belief that Bitcoin is predominantly owned by a few individuals, revealing around 40% of BTC’s supply is concentrated among institutions like exchanges,...Read More
AntPool – a prominent Bitcoin mining pool – has announced its decision to refund the staggering $3 million transaction fee that made headlines last week. The incident occurred when a user mistakenly submitted an 83 BTC gas fee, prompting AntPool’s risk control system to temporarily freeze the transaction during packaging. AntPool to Reimburse 83 BTC...Read More
Bitcoiners are blasting the British Broadcasting Corporation (BBC) following the outlet’s recent article discussing the blockchain network’s energy consumption. The public broadcaster cited a study claiming that every Bitcoin transaction consumes “a back yard swimming pool” worth of water, though critics say that the claim is based on “junk science.” Does Bitcoin Use Too Much...Read More
The market is experiencing a significant Santa Claus rally, with Bitcoin maintaining a robust position above the $38,000 level. Yet, it’s anticipated that investors might begin selling off their Bitcoin holdings as the price reaches a 19-month peak. Following this, Bitcoin has seen a notable selloff from its recent high of $39K, leading to questions...Read More
With the highly-anticipated Bitcoin halving just four months away, the world’s largest crypto asset is witnessing a strong rally driven by expectations of growing institutional demand. On December 1st, Bitcoin briefly surged past $38.8k, a threshold not observed since May 2022. Although it quickly dipped below $38.3k, Matrixport’s report presents a compelling case for Bitcoin’s ascent...Read More
[PRESS RELEASE – Zug, Switzerland, December 1st, 2023] TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1st, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space. EREA World AG partnered with Europäische Metallhandels (EMH) AG to develop a...Read More
The investment firm Tiger Global has reportedly reduced the valuation of its holdings in Bored Ape Yacht Club and OpenSea. Per a Bloomberg report, the company marked down the value of its investment in Bored Ape Yacht Club (BAYC) by 69% and its stake in the NFT marketplace OpenSea by 94%. The move follows Tiger...Read More
Several crypto projects have unlocked significant amounts of tokens, with dYdX, a decentralized exchange, leading the way by unlocking 150 million tokens. This represented 30% of the tokens allocated to investors, founders, and current and future employees, and the unlocking occurred on December 1st. DYDX – the native cryptocurrency of the dYdX chain – experienced...Read More
The official Initial Coin Offering [ICO] for the Ethereum blockchain token “Mollars” launched on Monday, November 21st. The token price starts at $0.30 in the first phase. Mollars is a hybrid cryptocurrency that will be an alternative to Bitcoin as it’s a store of value tokens. There will be a difference, however, as it’s starting...Read More
Stablecoin issuer Circle has dismissed false claims of facilitating illicit financing activities. In a letter addressed to US Senators Sherrod Brown and Elizabeth Warren, the company also said it does not provide banking services to Justin Sun, the Tron Foundation, or HTX (formerly known as Huobi Global). In February 2023, Circle terminated all accounts belonging...Read More
In the dynamic world of cryptocurrencies, there are many to choose from. However, few show the staggering growth and potential of two top altcoins on the market today. This article will review two of the most promising tokens at this time. XRP Surges on Series of Legal Wins Currently priced at $0.6021, XRP has seen...Read More
Crypto derivatives trading activity on the Chicago Mercantile Exchange (CME) has been surging in recent days as the Bitcoin ETF hype increases. There has been growing optimism that the SEC will approve a spot Bitcoin ETF in January. This has led to increased trading of Bitcoin futures on platforms like CME Group. However, some traders...Read More
Gene Borrello, a former mobster turned federal informant, was separated from the general prison population and placed in a section with ex-gang members, informants, and high-profile detainees, one of which was SBF. After leaving prison, he sat down with Tiffany Fong for an hour-long interview, which is available on her YouTube channel. A shorter version...Read More
[PRESS RELEASE – Vilnius, Lithuania, December 1st, 2023] ProBit Global, a Top 20 cryptocurrency exchange, celebrates its 5th birthday this month after growing from humble beginnings to become a major player in the crypto space. The exchange started small in 2018 but has rapidly expanded to serve over 3 million users across 190 countries. Despite...Read More
Michael Novogratz, the founder and CEO of Galaxy Digital Holdings Ltd., anticipates that Bitcoin will reclaim its previous peak within a year, fueled by the growing expectation that the U.S. Securities and Exchange Commission (SEC) will greenlight the first American exchange-traded fund (ETF) directly holding Bitcoin. Meanwhile, there has been a surge in Bitcoin ETF...Read More
This article looks at candlesticks patterns, specifically bullish ones and why it’s important to have a good understanding of them for trading. Previous articles covering chart patterns published to date include; the basics of chart patterns, guide to continuation patterns , the roles of triangles, and an article on trading cups and shoulders. Bullish Hammer...Read More
