[ad_1] With almost $180 million in SOL tokens moved to cryptocurrency exchange Coinbase, Solana, the fast-moving blockchain network, has become entangled in whale activity. Investors feel chilly from this large fund movement, which begs the question of where the price of the currency will go in the future. Related Reading Whales Making Waves The transfers, identified by blockchain tracker Whale Alert, originated from unknown wallets and landed at Coinbase, a major exchange platform. This large-scale movement suggests potential selling by major SOL holders, often referred to as “whales.” Whales, due to the sheer volume of crypto they possess, can significantly…
Author: dfrancis36
[ad_1] KuCoin’s Visa debit card KuCard has added support for multiple virtual and physical cards starting July 1, 2024, the company announced today (Friday). This latest offering will enable users to manage multiple cards and access a cashback program.Eying Flexibility in Personal FinanceKuCard promises enhanced financial flexibility for personal use, managing family expenses, or keeping separate cards for different spending categories. This feature reportedly allows for enhanced budgeting, improved expense tracking, and easier access to funds. Additionally, users can access KuCard’s crypto-to-fiat conversion and cashback rewards.To mark this launch, KuCard has reportedly unveiled a limited-time offer ending on July 7,…
[ad_1] Jamie Coutts, the chief crypto analyst at crypto firm Real Vision, recently ranked layer-1 networks using their network growth. Interestingly, the networks that topped the list aren’t the usual names that crypto community members might be accustomed to. SUI And Mantle Network Top The List According to the list that Coutts shared on his X (formerly Twitter) platform, Sui and Mantle were first and second in terms of growth in the Daily Active Users (DAUs) these blockchains have witnessed in the last three months. SUI network witnessed an impressive 3503% increase in its DAUs during this period, while Mantle…
[ad_1] Bitcoin has recently been plagued with massive selling pressure, with different entities looking to offload their holdings. This time, on-chain data shows a dormant Bitcoin wallet that transferred over $6.8 million in Bitcoin, suggesting that this whale may also be looking to sell their tokens. Dormant Bitcoin Wallet Transfers Funds For First Time In 12 Years On-chain data shows that a Bitcoin wallet (1Nxxi) that had been dormant for 12 years transferred funds for the first time on July 4. The wallet contained $6.8 million worth of Bitcoin, with all these funds moved in two separate transactions. 76 BTC…
[ad_1] The Mt. Gox Rehabilitation Trustee, Nobuaki Kobayashi, announced today that the long-awaited repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors of the defunct crypto exchange Mt. Gox has officially commenced. This marks a significant milestone in the crypto world, as the repayment process begins to unfold nearly a decade after the platform’s collapse and subsequent bankruptcy. Mt. Gox’s Bitcoin Repayments Commence In a detailed notice, Kobayashi stated, “On July 5, 2024, the Rehabilitation Trustee made repayments in Bitcoin and Bitcoin Cash to some of the rehabilitation creditors through a part of the Designated Cryptocurrency Exchanges etc. in…
[ad_1] Dogecoin (DOGE) is getting battered by the recent crypto market downturn. The meme-based cryptocurrency took a significant hit this Thursday, dropping 14% in value in the last 24 hours. Related Reading DOGE down in the last day. Source: Coingecko Long Positions Liquidated According to Coinglass, a crypto derivatives data platform, DOGE saw a whopping $4.8 million in long positions liquidated. This signifies that investors who bet on DOGE’s price increase got squeezed as the price went down. Conversely, short positions (bets on a price decrease) saw minimal liquidations at just $56,680. Source: Coinglass This liquidation event coincides with a…
[ad_1] Stablecoins continue to witness notable adoption as the world’s largest country Russia is investigating the use of stablecoins for international payments in light of the growing financial strain imposed on it by international sanctions and economic difficulties. The move attempts to circumvent traditional financial channels, underscoring Russia’s strategic transition towards digital assets as a means to preserve its global trade activities in the face of ongoing geopolitical tensions. Matthew Sigel, the head of digital assets research at VanEck shared the development on the X (formerly Twitter) platform on Wednesday, citing a piece of the announcement. Russia Look To Stablecoin…
[ad_1] A crypto analytics platform says that two under-the-radar altcoins are flashing bullish signals as fear, uncertainty, and doubt (FUD) centered around digital assets rise. According to new data from market intelligence firm Santiment, low-cap altcoins such as decentralized finance (DeFI) platform Balancer (BAL) and decentralized application builder Chromia (CHR) are primed to see gains after traders who are shorting them face liquidation. “Altcoins with extremely low funding rates are a great signal to buy into the crowd’s FUD right now. In the previous 24 hours, three prominent assets stand out as projects with heavy shorting on Binance: Balancer, Chromia,…
[ad_1] BNB has recently fallen below the critical $500 support mark, signaling the continuation of a bearish trend. This decline reflects increased selling pressure and growing bearish sentiment within the cryptocurrency market. As BNB slips under this significant threshold, analysts and traders are closely watching for further downward movement, potentially targeting lower support levels. The breach of the $500 mark is a key indicator of ongoing market weakness, suggesting that BNB may face continued challenges in the near term. With the help of technical indicators to provide comprehensive insights into potential future movements, key support levels to watch, and strategies…
[ad_1] The trustee of the now-defunct cryptocurrency exchange Mt. Gox confirmed today (Friday) that repayment to some of the creditors in Bitcoin and Bitcoin Cash has been initiated. This was part of the rehabilitation plan after the exchange was shut down in 2014. The notice by the rehabilitation trustee, Nobuaki Kobayashi, further detailed that “repayments to other rehabilitation creditors will be promptly made” after conditions like confirmation of the registered accounts and other repayment agreements are met.Rehabilitation after 10 YearsAt its peak, Mt. Gox was the largest Bitcoin exchange, handling 70 per cent of all global Bitcoin transactions. However, it…