Bitcoin whales stay stable while Ethereum whales offload: here’s why
Big-time holders of the leading cryptocurrencies, Bitcoin and Ethereum, are showing divergent behaviors, according to data from on-chain analysis firm Glassnode. This week that Ethereum whales, those holding 1,000 or more ETH (approximately $1.5 million), have been steadily selling off their holdings since 2020, with about $20 million ETH sold. Conversely, Bitcoin whales, with 1,000 […]
Ferrari breaks new ground by accepting Bitcoin and Ethereum for luxury cars
Italian luxury car manufacturer Ferrari now accepts Bitcoin, Ethereum (ETH), and the USDC stablecoin for their high-end sports cars in the United States. The decision comes as the company aims to attract a new generation of customers. Ferrari has teamed up with crypto-payment processor BitPay to facilitate the conversion of digital asset payments into fiat […]
Metamask crypto wallet temporarily removed from Apple App store
The popular cryptocurrency wallet application, MetaMask, was briefly removed from Apple Inc.’s App Store in the United States. However, the app was reinstated within a few hours. The app’s removal was due to “an internal operational error,” as reported by a MetaMask spokesperson, and not an action taken by Apple. The news first broke on […]
Elon Musk linked meme coin FLOKI defies crypto market slump
While much of the meme coin market is experiencing a downturn, Floki Inu (FLOKI), a coin associated with Elon Musk, has bucked the trend and posted gains. Despite leading meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) suffering around a 5% weekly decrease, FLOKI has surged over 7% in the past 24 hours, […]
Despite bearish trend, could Ethereum be gearing up for a comeback?
Following a 5% weekly drop, Ethereum (ETH) has been caught in a bearish trend. However, some analysts believe its current overselling could set the stage for a potential rebound. Ethereum’s price slid by 0.5% to $1,550 in 24 hours, marking an 8% decrease over the last two weeks and a 2% dip in the past […]
Mastercard’s revolutionary tokenization solution for CBDC across Blockchains
Mastercard has announced an innovative solution enabling the tokenization of Central Bank Digital Currencies (CBDCs) across various blockchains. The company made the announcement on Tuesday, October 12. The novel technology enhances security, allowing consumers to participate in commerce across multiple blockchains. This development was part of the Reserve Bank of Australia (RBA) and the Digital […]
Bitcoin under $27K, Ethereum at seven-month low: crypto market struggles
The prices of Ethereum and Bitcoin have experienced significant drops, with Ethereum reaching a seven-month low and Bitcoin struggling beneath $27K. Ethereum has seen a steady decline, now well below the $1,600 mark. Bitcoin, although no longer in freefall, continues to grapple below the $27,000 threshold. Several days ago, Bitcoin was trading high until it […]
Binance flooded with $300M in Bitcoin deposits within 48 hours
Over a period of two days, Binance has witnessed Bitcoin deposits exceeding $300 million. The influx was marked by two significant inflows. Approximately $200 million returned to the exchange on Oct. 11, followed by another inflow of about $120 million on Oct. 12. Binance currently holds nearly 682,000 BTC, which is about 70,000 BTC less […]
Coinbase claims that Bitcoin ETF Approval Effect include current price
The potential approval of Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) seems to be already factored into the current pricing, as per Coinbase Institutional. David Duong, head of institutional research at Coinbase Institutional, noted that the divergence in the performance of Bitcoin and other cryptocurrencies indicates an anticipation of one or more spot Bitcoin ETFs getting […]
Changpeng Zhao tweet led to the collapse of cryptocurrency xchange FTX says Caroline Ellison
The downfall of cryptocurrency exchange FTX has been partially attributed to a tweet by Binance CEO Changpeng “CZ” Zhao, according to former Alameda Research CEO Caroline Ellison. According to former Alameda Research CEO Ellison testified in Sam “SBF” Bankman-Fried’s criminal trial that CZ’s tweet played a role in the demise of FTX. The tweet announced […]