[ad_1] The United States (US) government has recently moved a whopping 10,000 Bitcoin (BTC) seized from Silk Road, a notorious online black market platform. Over the years, the government has executed multiple large-scale Bitcoin transfers, strategically relocating these assets to new wallets or different exchanges. US Government Moves 10,000 BTC To Coinbase Prime In an X (formerly Twitter) post on August 14, Arkham Intelligence, a blockchain analytics platform uncovered a new Bitcoin transfer conducted by the US government. According to Arkham’s reports, the government had transferred 10,000 BTC, valued at $593.5 million, from its cache of assets seized during the…
Author: dfrancis36
[ad_1] In a recent report, market researcher and analyst DeFi Ignas has provided a detailed analysis of the current bearish and bullish cases for the leading altcoin, Ethereum (ETH), offering valuable insights into the cryptocurrency’s prospects. Factors Behind The Ethereum Underperformance Ethereum has struggled to keep pace with its crypto peers over the past two years, declining 47% against Bitcoin (BTC) and underperforming Solana (SOL) by 6.8x since the market lows of early 2023. According to Ignas, the reasons behind this underperformance are open to debate, but a few key factors stand out. Firstly, the “digital gold” narrative surrounding Bitcoin…
[ad_1] According to reports, the Trump Organization—the holding company of former US President Donald Trump’s business ventures—would be moving on to present a new cryptocurrency initiative. In an interview, Eric Trump, the son of the ex-president and executive vice president of the organization, revealed that the new venture would deal with “digital real estate” and one would be capable of lending or borrowing money over the platform. The announcement comes at a time when the Trump family has been vocal about their enthusiasm for cryptocurrency on social media. Eric Trump took to X, formerly Twitter, recently to express his excitement…
[ad_1] Crypto analyst Amonyx has laid an ultra bullish price prediction for the XRP price, predicting that the crypto token could reach double digits at some point. This comes amid XRP’s continued underperformance despite the conclusion of the case between Ripple and the US Securities and Exchange Commission (SEC). Massive God Candle To Send XRP Price To $57 Crypto analyst Amonyx mentioned in an X (formerly Twitter) post that a massive God candle was loading, which would send XRP’s price to $57. Based on the chart that the analyst shared, the crypto token will rise to this price level sometime…
[ad_1] On Thursday, the Shiba Inu marketing lead Lucie (@LucieSHIB) announced the official launch date for liquid staking on the Shibarium network. The announcement was made through a video posted on X on August 15, marking a pivotal moment for the project. Lucie celebrated the progress of the development team, stating, “Let’s give a huge shout out to the incredible K9 Finance team! Liquid staking is on its way to SHIBARIUM! The KNINE testnet is live for everyone! Mark your calendars: Liquid Staking launches on Shibarium this September 18!” Let’s give a huge shoutout to the incredible @K9finance team! 🚀…
[ad_1] Bitcoin (BTC) is showing strong signs of an imminent price surge, according to top market analysts, who point to a confluence of bullish factors in the cryptocurrency’s favor. However, after hitting a 6-month low of $49,000 on August 5, BTC has hovered between $58,000 and $60,500 for the past week. However, the dip below all-time highs of $73,7000 reached in March of this year may be short-lived, as evidence mounts that the market’s largest digital asset is poised for a major breakout. 2-3X Bitcoin Rally Ahead? Technical analyst Jamie Coutts highlighted the “first bullish regime signal” for his “composite…
[ad_1] The world’s biggest crypto exchange, Binance, is now registered with India’s Financial Intelligence Unit (FIU-IND). This would be one major move for Binance, eyeing a fresh attempt at establishing operations in India. The exchange had been banned from operating in the country for seven months due to non-compliance with local laws. With the new registration, Binance is eyeing a share of the fast-growing crypto market in the country. #Binance goes live in India 🇮🇳 Binance is now registered as a reporting entity with India’s Financial Intelligence Unit, marking our 19th global regulatory milestone! Our website and app are now…
[ad_1] Bitcoin has observed a pullback down to the $58,000 level during the past day. Here’s what could be the cause behind it, according to on-chain data. Exchanges Have Seen A Large Amount Of Tether Withdrawals Recently According to data from the market intelligence platform IntoTheBlock, centralized exchanges have recently seen a Tether (USDT) outflow spree exceeding $1 billion. Related Reading Investors usually keep their coins in exchanges when they want to trade them in the near future, so them making the move to withdraw their tokens potentially implies that they are interested in holding into the long-term. For volatile…
[ad_1] The cryptocurrency market is no stranger to volatility, and recent weeks have seen significant fluctuations in the value of many digital assets. Among the notable movements is the sharp decline in Dogecoin (DOGE) prices, which has triggered a market correction affecting the broader memecoin sector. Despite these turbulent conditions, Mpeppe (MPEPE) has demonstrated remarkable resilience, emerging as a standout player in these challenging times. Here’s an in-depth look at the current situation and why Mpeppe (MPEPE) is holding strong amidst the chaos. The Plummet of Dogecoin (DOGE): A Market Overview Dogecoin (DOGE), once celebrated for its meteoric rise and…
[ad_1] An important on-chain metric for Cardano (ADA) recently hit an all-time high (ATH), highlighting the confidence in the crypto token despite its underperformance. This and several other bullish metrics suggest that a significant rally may be on the horizon for Cardano. Long-Term ADA Holders’ Holdings Hit All-Time High The market intelligence firm IntoTheBlock revealed in an X (formerly Twitter) post that the percentage of ADA tokens held by long-term holders is at an ATH, with nearly 40% of the token’s supply held by this category of investors. These long-term holders refer to investors who have held ADA for over…