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Glassnode Data Shows Bitcoin Supply Less Liquid Than Ever Despite Market Gains
8.11.2023
The scarcity of the bitcoin supply has tightened, as revealed by the recent Glassnode study on onchain activities. Observations show that the inactivity of coins is touching both multi-year and unprecedented peaks, despite a substantial uptick in bitcoin’s value throughout the current year....
UK Web3 Firm Pimlico Secures $4.2M Seed Investment Led by a16z Crypto
8.11.2023
a16z. Source : Twitter/CRYPTOPURITY.COM Pimlico, a UK-based Web3 company, has successfully closed a seed investment round worth $4.2 million, led by the major venture firm Andreessen Horowitz’s crypto arm a16z Crypto. The new funding round comes after a recent pre-seed round, and marks a “crucial...
Biggest Crypto Gainers Today on Uniswap – FERC, GROK, DORK
8.11.2023
Uniswap Website Cryptocurrency markets are trading with a positive bias on Wednesday, with altcoins continuing to push higher as Bitcoin (BTC) consolidates just to the north of the $35,000 level as bulls eye a potential retest of recent highs in the $36,000 area. The BTC price was last up around...
Bishop Token Is Up 25x on DEXTools as New Bitcoin ETF Project Goes Viral – What Does it Do?
8.11.2023
As DEX markets remained supercharged following the Uptober rally, Bishop token (BISHOP) has undertaken a sensational 25x moon-shot rally, following a stealth launch on November 7, but could this new Bitcoin ETF project be a better alternative? Recent weeks have seen a huge trend in explosive...
Hong Kong Considers Allowing Trading of Spot Crypto ETFs
8.11.2023
Hong Kong is examining allowing the launch of spot cryptocurrency exchange-traded funds (ETFs), given that the risks of these instruments are addressed. In a recent interview, Julia Leung, CEO of the Hong Kong Securities and Exchange Commission, stated that the focus of the organization’s...
Wintermute Considers Legal Action as NEAR Foundation Refuses Redemption of $11.2 Million USN Stablecoin
8.11.2023
Image Source: Wintermute Crypto market maker Wintermute is considering legal action after the NEAR Foundation and Aurora allegedly failed to honor an agreement to convert $11.2 million worth of USN stablecoins. In a recent post on X (formerly Twitter), Wintermute CEO Evgeny Gaevoy accused NEAR...
Best Crypto to Buy Now November 7 – Cronos, Radix, Injective
7.11.2023
With various cryptocurrencies exhibiting large movements today, analysts are touting several cryptocurrencies as the best crypto to buy now. Image by cryptonews.com. With various cryptocurrencies exhibiting significant movements today, Cronos, Radix, Injective, Meme Kombat, and Launchpad XYZ have...
Ether (ETH) Set for 55% Surge After Key Technical Breakout, as Supply Turns Deflationary, Says This Well-Known Analyst
7.11.2023
Famous crypto data analytics firm Matrixport’s head of research Markus Thielen argued in a recent report that Ether (ETH) could be set for a more than 55% surge to $3,000. Ether is the second most valuable cryptocurrency in the world by market capitalization after Bitcoin (BTC) and powers...
Top Crypto Gainers Today on DEXTools – SNAPCAT, SATS, PEPEGO
7.11.2023
DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), XRP (XRP) and BNB (BNB) are consolidating on Tuesday as traders take stocks of gains in recent weeks and eye commentary from Fed policymakers later in the week. But with US stocks pushing up...
Bitcoin Price Prediction as Analyst Says ‘Santa Claus Squeee’ Will Shoot Prices Higher – Time to Buy?
7.11.2023
Bitcoin’s recent slip below the $35,000 threshold marks a pause in its latest bull run, but the market’s optimism doesn’t seem to wane, as the Fear & Greed Index hovers at a confident 73. This pullback has not dampened the broader positive market mood, with the trajectory...
Animoca Brands Japan and KLKTN Partner with Cool Cats for Web3 Expansion into Japanese Anime Market
7.11.2023
Source: Animoca Brands Animoca Brands Japan, in collaboration with its KLKTN subsidiary, has announced a partnership with Cool Cats Group to venture into the Japanese anime market through web3 integration. In a recent announcement, Animoca Brands Japan disclosed its acquisition of equity shares...
Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin
7.11.2023
Image Source: Pixabay Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts. “I am bullish on bitcoin, and I’m proud to accept bitcoin campaign donations,” he said in a recent interview with Forbes. Cruz’s...
As Baby Meme Coin Goes Up 1,000% Overnight, This New Bitcoin Project Just Raised $3.5 Million
7.11.2023
In a stunning overnight pump, Baby Meme Coin has erupted +1,000% overnight in a skyrocket move on DEX markets, yet, despite the pump a new Bitcoin project is stealing interest in a multi-million dollar presale. Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless...
Ava Labs Cuts Staff by 12% to Reallocate Resources for ‘Growth’ – Here’s the Latest
7.11.2023
Source: AdobeStock / freshidea Ava Labs, the team behind the Avalanche ( AVAX) blockchain, has confirmed a 12% reduction in its workforce citing the need to reallocate resources as the driving force behind the staff cuts. Emin Gün Sirer, founder and CEO of Ava Labs, announced the news in a recent...
Digital Asset Funds Record $261 Million in Inflows, Marking Gains for the Sixth Consecutive Week
7.11.2023
The cryptocurrency market continues to pull strings of outsized inflows in recent weeks as investors set sights on a spot Bitcoin (BTC) Exchange Traded Fund (ETF). According to a new CoinShares Market Flow report, the total market products recorded gains of $261 million, its sixth consecutive week...
LHV Bank Founder Has Lost Private Key to ETH Stash Worth $470 Million
7.11.2023
Rain Lõhmus , founder of Estonia-based LHV Bank, has lost the private key to his crypto stash consisting of 250,000 ETH, worth approximately $470 million. The stash was acquired during the Ethereum Initial Coin Offering (ICO), Conor Grogan, a director at cryptocurrency exchange Coinbase...
Solana price corrects as recent (SOL) rally factors come under question
6.11.2023
SOL price has started to cool off as investors potentially question the reasons for the most recent double-digit rally
Bitcoin’s Price Surge Fails to Entice Former Day Traders
6.11.2023
The price of Bitcoin has rallied in recent weeks, more than doubling from its November 2022 lows after the UK collapse of the cryptocurrency exchange FTX. Former day traders who previously made big profits from Bitcoin’s volatile swings say they have no plans to return, however, even...
Biggest Crypto Gainers Today on Uniswap – IO, MBX, BXBT
6.11.2023
Bitcoin (BTC) is consolidating above $35,000 at the start of the week as traders take stock of recent dovish US macro developments (last week’s weak US jobs and manufacturing PMI data, plus Fed Chair Jerome Powell’s unconvincing attempt trying to convince the market that more rate hikes...
Bitcoin Technical Analysis: Steady Above $35K as Indicators Signal Growth Potential
6.11.2023
Bitcoin’s stability appears to be holding as the price consolidates around $35,140, showing a modest 24-hour trading range. Despite recent fluctuations, market sentiment remains cautiously optimistic, with key technical indicators providing a mixed but generally favorable perspective....