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Bitcoin Price Prediction: BTC Steady Near $34,000 Amid ETF Buzz, UK Law & FTX’s Crypto Shift
27.10.2023
Bitcoin , the pioneering cryptocurrency, faced a slight setback as it dipped to 34,146, marking a nearly 1.75% decline this Friday. This downturn comes amidst a flurry of activity in the crypto sphere. The US Securities and Exchange Commission (SEC) has been flooded with eight to ten potential...
‘Bond King’ Bill Gross Predicts Q4 Recession: Loan Delinquencies and Regional Banks in the Crosshairs
24.10.2023
Bill Gross, revered as Wall Street’s ‘Bond King,’ foresees a recession clouding the U.S. economy by the year’s final quarter. He pinpoints the burgeoning issue of overdue car payments and the financial strains beleaguering regional banks as catalysts for the impending...
NFT Sales Spike 12.62% Higher Than Last Week, Breaking Two-Month Downturn
21.10.2023
Parsed data from the week spanning October 14-21, 2023, reveals an upward trend in non-fungible token (NFT) sales, with a 12.62% surge from the previous week. Both buyer and seller participation swelled, by 15% and 17% respectively, resulting in approximately $70.51 million in NFT transactions....
Ethereum Inflation Rises as Onchain Activity Declines; $35.31M Added in 17 Days
11.10.2023
Ethereum’s shift from a deflationary to an inflationary model has witnessed a 0.178% uptick in the last 17 days. During this period, the network added 22,502 ether, valued at $35.31 million, to its total supply. Ethereum’s Growing Inflation Fueled by Onchain Downturn Previously...
From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months
3.10.2023
It’s been a captivating four months since Bitcoin’s mempool last emptied, and with the recent downturn in Ordinal inscriptions this month, the backlog now holds a mere 27,210 unconfirmed transactions. Bitcoin’s Transaction Backlog Nears End as Ordinal Inscriptions Wane A little...
Chainalysis Lays Off Another 150 Employees Amid Ongoing Market Downturn
3.10.2023
In response to the ongoing market downturn and reduced commercial demand, blockchain analytics firm Chainalysis is laying off another 150 employees, representing over 15% of its workforce.
CEO Michael Gronager informed employees of the decision in an email on Monday evening, according to a recent...
Apple and Goldman Sachs Considered Stock-Trading Feature for iPhones Until Market Downturn – Was Crypto Included?
21.9.2023
In the midst of the stock market frenzy that gripped the world in 2020, Apple and Goldman Sachs were quietly collaborating on a groundbreaking investing feature, insiders revealed.
This undisclosed project, aimed at allowing consumers to buy and sell stocks through Apple's ecosystem,...
Germany's blockchain funding increases 3% amid market downturn: Report
15.9.2023
Germany's blockchain sector saw a total of $355 million in venture capital funding across 34 deals, which is a 3% year-on-year increase
2023: The Year AI Cryptos Soared, Then Faltered
10.9.2023
At the outset of the year, artificial intelligence (AI) cryptocurrencies embarked on a rising journey, recording substantial gains and witnessing a surge in global trade activity. However, as we now traverse the course of time, the AI crypto landscape has undergone a significant downturn. According...
Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels
2.9.2023
The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $37.59 billion, has plummeted to a low last witnessed in the second week of February 2021....
NFT Sales Slide for Third Consecutive Week Amid Crypto Downturn
2.9.2023
Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and...
Record 3-Year Dormancy: Bitcoin Holders Stay Steadfast Amid Market Changes, Says Bitfinex
29.8.2023
While Bitcoin’s recent downturn suggests volatile times ahead, underlying metrics suggest a market full of nuance, anticipation, and strong belief, the latest Bitfinex Alpha report says. About 40% of Bitcoin’s total supply has been inactive for more than three years —...
Over 680,000 Ethereum Added to Liquid Staking Protocols in Just 28 Days
26.8.2023
In less than a month, despite a downturn in cryptocurrency markets, over 680,000 ethereum (ETH) has been added to liquid staking derivatives protocols. Lido Finance, the leading liquid staking platform, experienced a supply increase of 5.94%, surging from 7.91 million to 8.38 million ETH since July...
Binance's zero-fee Bitcoin update could echo March downturn
24.8.2023
In an official statement, cryptocurrency exchange Binance unveiled its plans to implement updates to the zero-fee Bitcoin trading starting from September 7
Bitcoin Miners Navigate Record Challenges and August’s Dual Difficulty Hike
23.8.2023
Bitcoin miners faced another uphill battle this month, marking the second straight increase in mining difficulty. On August 22, at block height 804,384, the difficulty surged by 6.17%. This fresh peak in Bitcoin’s difficulty sets a new record, intensifying the challenge for miners...
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence
22.8.2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for...
As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn
21.8.2023
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction...
Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast
20.8.2023
A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis...
Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools
19.8.2023
The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the...
BRICS Summit Looms: Expert Warns of ‘Dramatic’ Shifts, US Dollar’s Wane, and Wall Street’s Blind Spots
18.8.2023
Market expert Peter Grandich is urging the masses to keep a close eye on the BRICS bloc of burgeoning countries, hinting that specific partnerships might usher in “dramatic” ramifications. In just five days, the much-awaited BRICS Summit will convene, and Grandich believes...