After dipping below $66,000, Bitcoin has bounced back due to purchasing activity from short-term holder whales near their average acquisition price. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure According to a CryptoQuant analysis, the price of Bitcoin came close to equaling the average purchase price for short-term whale investors during the latest decline. … Read more
Moving forward, Norway will closely monitor the activities of data centers located within its territory. This action comes in response to the country’s recent announcement of plans to introduce new legislation that will oversee the data center industry. According to a recent local news article, Norway’s Digitalization Minister, Karianne Tung, announced that this is the … Read more
Last week, investors pulled money out of cryptocurrency investment funds more than they put in, amounting to a withdrawal of approximately $126 million. This came as market sentiment towards Bitcoin and other digital currencies remained uncertain, with prices fluctuating significantly. (Data from CoinShares) Despite an increase in trading volumes from $17 billion to $22 billion … Read more
Sports apparel giant Adidas is teaming up with Move-to-Earn platform Stepn, based on Solana, merging the realms of sportswear and Web3 as of April 15, 2024. This groundbreaking collaboration offers an engaging fusion of fitness and crypto for both enthusiasts of working out and digital currency. The partnership kicks off with a limited collection of … Read more
Recently, Toncoin (TON), the cryptocurrency linked to The Open Network, has defied expectations, surging by over 18% in an unexpected development. This growth occurred even as the broader crypto market experienced a downturn, making TON’s performance all the more noteworthy. Additionally, recent updates enhancing its utility have likely contributed to this price increase. Toncoin Shining … Read more
Large investors holding Ethereum (ETH) have been actively purchasing the coin in large quantities recently. This buying surge occurred after a general price drop for most cryptocurrencies, including Ethereum, over the weekend. Before the stock market decline, analysts believed Ethereum was set to regain its prior record-high price. But unexpectedly, the coin dropped significantly, reaching … Read more
The use of Bitcoin is rapidly growing in various industries, including sports, where it is becoming a norm. Evidence of this is seen with a UFC champion requesting his winnings to be paid in Bitcoin, highlighting Bitcoin’s rising influence in the sports world. Bitcoin Becomes Price Of Choice For UFC Winner Renato Moicano, a successful … Read more
The UK government intends to pass new laws this summer to oversee the creation and application of cryptocurrencies and stablecoins within the country. This information was shared by the Economic Secretary, Bim Afolami, during the Global Summit on Innovative Finance held on April 15, 2024. According to a CoinDesk report, Afolami announced that these regulations … Read more
In spite of the recent market instability, Toncoin (TON) has achieved a new peak, with its price soaring to a record-breaking $7.0. This remarkable rise, which represents approximately a 25% hike, has catapulted Toncoin into the eight spot among cryptocurrencies by market capitalization. It has outpaced Dogecoin (DOGE) with a market value of nearly $25 … Read more
A Bitcoin wallet that had been inactive for more than 10 years, belonging to an early miner named Satoshi, has recently become active again. As indicated by Blockchain records, this wallet just moved approximately $3 million in Bitcoin, making it the first transaction since April 2010. At the time this article was released, the person … Read more