News

Bitcoin Reclaims $64K Amid ETF Growth: Bulls Return?

Recently, the price of Bitcoin jumped well over $64,000. Is this an indication of a bullish trend? Keep reading as analysts weigh in on this market move.

Yagyesh Jaiswal

Bitcoin has regained the level of $64,000, raising questions as to whether this indeed is a prelude to an uptrend. Bitcoin, even after its recent rise, analysts argue that it would take more gains that are consolidated for the bulls to have total control over the market again.

Vitalik Buterin Sells Memecoins for Charity Support

While Vitalik Buterin sells memecoins for charity, Ethereum and Solana are preparing to make major price movements.

Yagyesh Jaiswal

This week, Vitalik Buterin sold a host of memecoins to raise funds for charitable organizations. Meanwhile, Ethereum gets ready for a potential uptick in price, while Solana heads toward $163.

Dogecoin Activity Reaches 8-Month High With Stable Price

The network activity for Dogecoin has leapt to an 8-month high as active addresses count above 133,000 while the price is in consolidation mode.

Yagyesh Jaiswal

Dogecoin saw network activity climb to an 8-month high when active addresses on the network recorded 133,880 on October 13th, 2024. However, the growth has not managed to send the price spiraling upwards. It is still at the low to mid-range values ranging from $0.10 to $0.13 due to market sentiment presented by mixed feelings.

Stablecoins: Latin America's Shield Against Economic Turmoil

Stablecoins gain popularity in Latin America as a hedge against economic instability. Argentina and Brazil lead in crypto adoption, with stablecoins providing financial stability in high-inflation environments.

Karim Noun

Stablecoins gain popularity in Latin America as a hedge against economic instability. Argentina and Brazil lead in crypto adoption, with stablecoins providing financial stability in high-inflation environments.

Bitcoin's Path to $80K: Key Factors for 2024 Rally

Discover how US elections, economic conditions, and crypto industry stability could push Bitcoin to $80,000, according to Bitwise CIO Matt Hougan

Karim Noun

Bitwise CIO Matt Hougan predicts Bitcoin could reach $80,000 if a Democratic sweep is avoided in US elections, the Fed cuts rates, and the crypto industry remains stable.

TON's Stablecoin Supply Increase by 25%, Holders Exceed 100M

While the case against Telegram's founder unravels, the TON blockchain is growing at an incredible pace and has reached 100 million holders. The supply of its stablecoin surged 25%, signaling confidence.

Yagyesh Jaiswal

The number of TON blockchain holders has surged past the 100 million threshold. The number of stablecoins supplied increased by 25% since April. This comes amid Telegram facing legal hurdles, yet developers and investors remain optimistic. Gate.io's $10M investment aims at further boosting TON's ecosystem.

HBO Says Peter Todd is Satoshi Nakamoto: Community Reacts

HBO's documentary claims Peter Todd is Bitcoin's creator, Satoshi Nakamoto. The crypto community reacted skeptically to the claim.

Yagyesh Jaiswal

A new HBO documentary, "Money Electric", calls out Peter Todd as the creator of Bitcoin. The crypto community protests the claim with virality. Among the debunking voices are experts pointing at Todd's denials.

New BTC Whales Surge: $100B+ Investment Signals Market Shift

Fresh Bitcoin whales invest over $100 billion, representing 48.8% of Bitcoin's realized cap. On-chain data shows significant market transformation.

Karim Noun

New Bitcoin whales have invested nearly $108 billion, representing 48.8% of Bitcoin's realized cap. This surge in investment, along with increasing active addresses, signals a potential market transformation, though speculative pressures remain.

Trump Leads Betting Markets: 2024 Odds

Trump edges ahead of Harris in 2024 election betting markets. Musk calls it more accurate than polls as money is involved, sparking debate on predictive market's accuracy

Karim Noun

Donald Trump has taken a slight lead over Kamala Harris in 2024 presidential election betting markets. Elon Musk endorses the predictive power of these markets, while analysts debate their accuracy and potential impact on Bitcoin prices.

Court Approves FTX's $16.5B Plan to Repay Customers

Court approves FTX's $16.5 billion bankruptcy plan to repay defrauded customers in cash with interest, starting within 60 days of plan implementation.

Karim Noun

A US court has approved FTX's $16.5 billion bankruptcy plan, allowing it to repay defrauded customers in cash with interest. The plan prioritizes customer claims and aims to reimburse 98% of customers with nearly 119% of their account value as of November 2022.

Trump Surges in Betting Odds Against Harris Amid Musk Rally

Donald Trump's betting odds rose to 52.8% against Kamala Harris on Polymarket after an Elon Musk rally, reflecting shifting dynamics in the 2024 election.

Yagyesh Jaiswal

Following Elon Musk's rally, Donald Trump's odds of betting catapulted to 52.8% at Polymarket, inching past Kamala Harris. This further manifests how publicized endorsements come out as event drivers of the presidential campaign.

48.5% Surge for CATS Token Ahead of CEX Listings

CATS token surged by 48.5% ahead of listings on major exchanges, including Bybit and KuCoin, amid excitement from airdrop and community engagement.

Yagyesh Jaiswal

The price of the CATS token surged by 48.5% before its major exchange listing, on October 8th, 2024. The uphill jump suggests community interest in, and trading activity aligned with, its strategy of airdrop distribution.

US Backs Nvidia Crypto Mining Lawsuit

DOJ and SEC support lawsuit claiming Nvidia misled investors about crypto mining revenue impact, urging Supreme Court to revive the case.

Karim Noun

The US DOJ and SEC have filed an amicus brief supporting a class-action lawsuit against Nvidia. The lawsuit alleges that Nvidia misrepresented the impact of crypto mining on its 2017/2018 revenue, with authorities arguing that crypto mining played a larger role than suggested.

HBO's BTC Creator Documentary Fuels Speculation and Controversy

An upcoming HBO documentary allegedly revealing Bitcoin creator Satoshi Nakamoto's identity has sparked intense debate. The crypto community remains skeptical, criticizing media portrayal of Bitcoin's history and its association with criminal activity.

Karim Noun

An upcoming HBO documentary allegedly revealing Bitcoin creator Satoshi Nakamoto's identity has sparked intense debate. The crypto community remains skeptical, criticizing media portrayal of Bitcoin's history and its association with criminal activity.

Vitalik Buterin Gives 100 ETH to Tornado Cash Defense Fund

Ethereum co-founder Vitalik Buterin donated 100 ETH to support the legal defense fund of Tornado Cash developer Roman Storm, who is facing money laundering charges.

Yagyesh Jaiswal

Ethereum's Vitalik Buterin has donated 100 ETH, estimated at around $240K, to help fund the legal defense for Roman Storm, a developer of Tornado Cash. The donation is in response to a lawsuit charging Storm with money laundering for operating the controversial mixer service called Tornado Cash.

Standard Chartered Sees Opportunity in Bitcoin's Price Dip

Standard Chartered advises buying Bitcoin under $60,000, citing "interesting circularity" between geopolitical tensions and US election prospects.

Karim Noun

Standard Chartered suggests Bitcoin's dip below $60,000 is a buying opportunity. The bank notes an intriguing dynamic where geopolitical tensions push prices down, while increased odds of a Trump victory boost Bitcoin's post-election prospects.

El Salvador Strengthens Bitcoin Stance Despite IMF Concerns

El Salvador expands Bitcoin regulations and adoption, defying IMF recommendations. Crypto community supports the country's bold moves in digital assets.

Karim Noun

El Salvador has passed new laws expanding Bitcoin regulation and adoption, despite IMF concerns. The country aims to become a global leader in digital asset regulation, while the crypto community encourages El Salvador to maintain its pro-Bitcoin stance.

Bitcoin Drops to $60,000 Amid October Crypto Market Rout

The price of Bitcoin has slipped below $60,000, while the greater cryptocurrency market has seen an alarming downturn in the first week of this month.

Yagyesh Jaiswal

Bitcoin's value has plummeted to $60,000 as the month of October gets off to a bad start in the cryptocurrency market. Meanwhile, the large investors, commonly referred to as "whales," are accumulating Bitcoin during the market downtrend as a positioning factor for when it eventually surges.

Bitcoin Q4 Rally Uncertain: Clouded by Sluggish Demand

As CryptoQuant’s analysis shows, the prospects for Bitcoin’s Q4 rally are questionable because demand growth is low. Historically performance in halving years has been positive, but current demand signals suggest a potential struggle to reach already projected price targets.

Karim Noun

As CryptoQuant’s analysis shows, the prospects for Bitcoin’s Q4 rally are questionable because demand growth is low. Historically performance in halving years has been positive, but current demand signals suggest a potential struggle to reach already projected price targets.

Bitwise Files XRP ETF: A New Chapter in Crypto Investment

Bitwise has filed for an XRP ETF trust in Delaware, joining Grayscale in the XRP trust market. This move follows Ripple's partial win against the SEC, but approval for non-Bitcoin/Ethereum crypto ETFs remains challenging.

Karim Noun

Bitwise has filed for an XRP ETF trust in Delaware, joining Grayscale in the XRP trust market. This move follows Ripple's partial win against the SEC, but approval for non-Bitcoin/Ethereum crypto ETFs remains challenging.

Geopolitical Tensions Spark Crypto Market Turmoil

Escalating Middle East tensions caused a crypto market crash, resulting in $489 million liquidations. Bitcoin fell 3%, while altcoins saw heavier losses. Gold and the US dollar surged as investors sought safe havens.

Karim Noun

Escalating Middle East tensions caused a crypto market crash, resulting in $489 million liquidations. Bitcoin fell 3%, while altcoins saw heavier losses. Gold and the US dollar surged as investors sought safe havens.

Bitcoin, Ether, Gaming Tokens Plummet Amid Market Volatility

Crypto market double-digit tumbles amidst Bitcoin crashing, Ethereum dropping, and gaming tokens slumping over 50% since their debut.

Yagyesh Jaiswal

High volatility of crypto market sees Bitcoin and Ethereum suffer heavy losses. Gaming tokens suffer a worse fate: HMSTR and CATI plump over 50% each. Ethereum NFT competitors are also heating up, for the most part from Tron.

Japan's Crypto Tax Overhaul: A New Era for Digital Assets

Japan's FSA reviews crypto rules, possibly lowering taxes and reclassifying digital assets to encourage investment by 2025.

Karim Noun

Japan's FSA reviews crypto rules, possibly lowering taxes and reclassifying digital assets to encourage investment by 2025.

Ohio Pushes for Crypto Adoption in State Finances

Niraj Antani, Ohio’s senator has proposed a bill to allow Bitcoin and digital assets payments for Tax purposes and enable state institutions to invest in cryptocurrencies

Karim Noun

Niraj Antani, Ohio’s senator has proposed a bill to allow Bitcoin and digital assets payments for Tax purposes and enable state institutions to invest in cryptocurrencies

FTX Creditors May Only Recover 10-25% of Their Lost Assets

FTX creditors may have to wait as long as 2025 before they begin getting repayments that could be as low as 10-25% of their lost assets. A hearing scheduled for October 7, 2024, may shed more light on this issue.

Yagyesh Jaiswal

A scheme for the restructuring of FTX is pending the court's approval. Creditors will have to wait till 2025 to get their repayments back, which too they shall recover at only 10 to 25 percent of the lost crypto assets.