[ad_1] On-chain data shows the utility on the Bitcoin network has been making a comeback recently, something that could pave way for another price rally. Bitcoin Circulation Has Spiked To Highest Levels In 5 Months In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the “Circulation” of Bitcoin. The Circulation here refers to an indicator that keeps track of the unique number of tokens that are moving on the BTC blockchain every day. Related Reading: Bitcoin Is Flowing Into US Platforms: Here’s What Happened Last Time Often, to gauge utility on…
Author: dfrancis36
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] The Terra blockchain has suffered a significant breach involving a complex exploit that resulted in the theft of approximately $5 million in assorted cryptocurrencies. The specific assets stolen included approximately 60 million ASTRO tokens, 3.5 million USDC, 500,000 USDT, and 2.7 BTC. The smart contract audit firm Beosin revealed the nature of the breach in a post on X, stating, “Terra blockchain was exploited for ~60M $ASTRO, 3.5M $USDC, 500k $USDT, and 2.7 $BTC. Terra Blockchain Hack And Outage: What Happened? Security researcher Rarma (@Rarma_) confirmed via X, “So yes, it appears this is the IBC hooks exploit from…
[ad_1] Hedge fund manager James Lavish has predicted that Bitcoin could rise to $428,000 at some point. He also mentioned what needs to happen for the flagship crypto to reach such an ambitious price target. How Bitcoin Could Rise To $428,000 Lavish mentioned in an X (formerly Twitter) post that Bitcoin would rise to $428,000 when it becomes 1% of the $900 trillion investment assets worldwide. The hedge fund manager made this prediction while revealing that Bitcoin, at its current price, only accounts for 0.15% of the capital in these investment assets. Related Reading The idea is that BTC will…
[ad_1] The crypto community might be set to witness the birth of the next Dogecoin following a recent announcement made by the beloved Kabosu’s owner. This has led to the launch of several meme coins, with one in particular looking well-primed to join the ‘billion-dollar’ club. Kabosu’s Owner Gets New Shiba Inu Dog Kabosu’s owner (also known as Kabosu Mama) announced in an X (formerly Twitter) post that she had gotten a new Shiba Inu named “Neiro.” This immediately caught the crypto community’s attention, considering that Kabosu, who passed away in May, inspired the creation of the foremost meme coin,…
[ad_1] A crypto analyst has predicted a massive 2,900% increase to $18 for the XRP price, the native token of the XRP Ledger. Despite previous bearish sentiment and price declines, the analyst maintains an optimistic outlook on XRP’s potential, outlining an ambitious timeline for this dramatic rise in value. Timeline For XRP Price To Hit $18 In an X (formerly Twitter) post on July 29, a crypto analyst identified as ‘DarkDefender’ shared a bullish projection for when XRP will hit $18 in 2024. The analyst provided an update on XRP’s price based on a three-month candle pattern from July to…
[ad_1] Nearly a billion dollars in token unlocks are set to hit crypto markets in August, according to the latest numbers. Citing data from TokenUnlocks, blockchain reporter Colin Wu reports that over $900 million in unlocks are ready to be released next month. Some of the largest unlocks include those from decentralized exchange (DEX) dYdX, layer-one blockchain Sui, and Ethereum (ETH) layer-2 Arbitrum (ARB). The largest token unlock in the next seven days is from the cross-chain interoperability protocol Wormhole, which will release $154 million in W tokens representing 33% of the supply. Analytics firm IntoTheBlock recently reported that projects…
[ad_1] Solana (SOL) was recently in the spotlight after the US Securities and Exchange Commission (SEC) adjusted its complaint regarding the classification of SOL. The network also ranked as the second largest revenue-generating crypto project on Monday. Following this, some market watchers shared their predictions regarding the token’s recent performance. Some highlighted that a recent rejection of a key level could plunge the prince to $150 before it’s ready for a massive rally. Analysts Set New ATH Targets For Solana On Tuesday, crypto trader Yoddha forecasted his price target for Solana this cycle based on its performance over the years.…
[ad_1] In a scathing criticism, Brad Garlinghouse, the Chief Executive Officer (CEO) of financial giant, Ripple, has publicly condemned the United States Securities and Exchange Commission (SEC) over its sudden retracement from the legal tussle with Binance, the world’s largest cryptocurrency exchange. The Ripple Chief in his criticism of the SEC’s strategy charged that the regulatory watchdog has been inconsistent and vague in its enforcement operations against leading digital assets platforms. Ripple CEO Calls The US SEC Hypocrites On Tuesday, the US SEC withdrew its request that the court categorize tokens such as Solana (SOL), Cardano (ADA), and Polygon (MATIC)…
[ad_1] On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks. The indicator of relevance here is the “Supply Distribution,” which tells us about the number of addresses that currently belong to a given wallet group. Related Reading The addresses are put into these cohorts…