SEC Chair Gensler’s testimony ignites hope and debate in Crypto Community
SEC Chair Gary Gensler’s recent testimony before the United States Senate has sparked speculation within the crypto community. Gensler’s emphasis on investor protection and compliance with securities laws has given hope to supporters of cryptocurrencies, particularly regarding the regulation of crypto assets and the potential approval of Bitcoin Spot exchange-traded funds (ETFs). He highlighted that […]
Whale Panic: ARB token sees massive sell-off amid price slump
According to Lookonchain, several large investors have recently sold their ARB positions at significant losses. The price of ARB, the native token of the Ethereum layer-2 scaling solution, has been experiencing a sharp decline, dropping more than 30% in the past month. As reported by the blockchain analytics platform, seven whales have collectively sold millions […]
Is Ethereum Heading for a Disaster? Benjamin Cowen Sounds the Alarm
Crypto analyst Benjamin Cowen has warned of a potential massive crash for Ethereum (ETH), the leading smart contract platform. In a recent strategy session, Cowen informed his substantial YouTube following of a possible freefall to the $400-$800 range for the second-largest cryptocurrency by market cap. He suggests there is a chance of a lower low, […]
FTX’s $3.4 Billion crypto liquidation: What you need to know
FTX, a cryptocurrency exchange facing bankruptcy, is seeking approval to liquidate $3.4 billion in Bitcoin and crypto assets. This has raised concerns among market analysts as it could potentially add selling pressure to the already struggling market. FTX’s crypto holdings include various assets such as Solana, FTT tokens, Bitcoin, Ethereum, and more. The exchange has […]
XRP eyeing for $130, says top crypto analyst
XRP Captain, a respected cryptocurrency analyst and influencer, is predicting a significant rally for Ripple’s XRP in the near future, despite recent lackluster performance. The optimism stems from a favorable ruling in July, where a U.S. judge sided with Ripple in their lawsuit against the Securities & Exchange Commission (SEC). Although the price of XRP […]
Bitcoin user’s $509,563 transaction fee causes stir in crypto community
A Bitcoin user recently paid an exceptionally high transaction fee of 19 Bitcoin (BTC), equivalent to $509,563. Whale Alert, a popular service that tracks large cryptocurrency transactions, brought attention to this exorbitant fee. The average Bitcoin transaction fee currently stands around $1.410, making this incident an extreme outlier. The fee is significantly higher than the […]
Teen hacker faces DOJ’s $5.2 million Bitcoin demand and sports car seizure
The U.S. Department of Justice is pursuing the return of $5.2 million in Bitcoin and a sports car from a teenage hacker who stole the funds from crypto executives four years ago. Ahmad Wagaafe Hared, along with two accomplices, engaged in a SIM-swapping scheme between 2016 and 2018, where they deceived cell phone carriers to […]
Bitcoin Mining costs get a makeover: JPMorgan’s revised cost estimate sends shockwaves
JPMorgan has revised its estimate for the cost of Bitcoin mining, following the revision of the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology. The bank now estimates the production cost to be $18,000, down from $21,000. The new methodology takes into account the varying efficiencies of different mining equipment, as miners often upgrade to more […]
Crypto Turmoil: Majority of SHIB and other crypto investors are in the Red
The recent crypto market downturn has left a significant number of investors in Shiba Inu (SHIB) and other cryptocurrencies with losses. Data from IntoTheBlock reveals that 83% of SHIB investors are currently in the red, despite the launch of Shibarium last month. SHIB’s price has dropped by almost 6% in the last seven days, trading […]
Bitcoin to hit All-Time High in 2025?
According to the “November 28th Cycles Theory” proposed by popular analyst CryptoCon, the Bitcoin (BTC) price is expected to reach its all-time high (ATH) in 2025. The theory suggests that BTC experiences a “mid cycle lull” before starting a bull run in late 2024. CryptoCon believes that the behavior of BTC/USD can be accurately predicted […]