Bitcoin has displayed positive signs and held gains above the $27,450 zone. With the price currently trading above $27,800, it is now eyeing a potential rise towards the crucial $28,500 resistance level. This article thoroughly examines the current state of Bitcoin’s price and its prospects for a strong increase in the near future. After failing
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The Bitcoin market is always on the lookout for the movements of whales, as their large-volume transactions have the potential to influence the price. Recently, on-chain data has revealed the awakening of a particular Bitcoin whale after a three-year slumber. This whale, which had been inactive since 2020, made its presence felt by moving 5,000
The landscape of ETH staking has witnessed a significant shift, with prominent crypto exchange Coinbase rising to become the second-largest ETH staking entity. Chinese reporter Colin Wu reveals that according to a report from Dragonfly data scientist hildobby, Coinbase currently holds 3.873 million staked ETH, representing a substantial 14.1% of all staked ETH. This development
The US Consumer Financial Protection Bureau (CFPB) is taking a closer look at the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrency platforms. This move comes in response to the recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX, which have highlighted the vulnerability of the crypto market. The EFTA regulations
Binance, one of the largest cryptocurrency exchanges in the world, recently announced the launch of a new subpage specifically designed for its UK customers. This move comes as a response to the changing regulations within the UK’s Financial Promotion Regime. The new subpage, accessible at www.binance.com/en-GB, will cater exclusively to local residents, offering a range
Binance, the largest crypto exchange globally, has just released its 11th reserves report, and the numbers are astonishing. In the past month, Binance’s XRP holdings have seen a significant increase. This can be attributed to reports of investors depositing XRP into exchanges during this period. According to Binance’s Proof of Reserves report, the exchange now
Cryptocurrencies have gained significant traction in recent years, and Hong Kong is no exception. However, with the increasing adoption of cryptocurrencies, including stablecoins, the local government is contemplating measures to regulate and restrict retail stablecoin trading for individual investors. This move comes in response to the potential risks associated with unregulated platforms and the need
Ethereum’s recent surge in ether (ETH) staking, driven by the Merge and Shanghai upgrades, has sparked worries about centralization and reduced staking yields, according to a JPMorgan report. The increasing centralization of Ethereum, despite decentralized alternatives like Lido’s liquid staking platform, poses risks to the network’s security and decentralization ethos. The crypto community has often
Solana (SOL), a layer 1 proof-of-stake blockchain, has recently unveiled version 1.16, bringing a significant upgrade to its user privacy features. The new update introduces “Confidential Transfers,” which involves encrypted Solana Program Library (SPL) token transactions. Unlike traditional anonymity solutions, Confidential Transfers prioritize confidentiality, ensuring that user data remains private. With the majority of Solana’s
Tech mogul Elon Musk, known for his outspoken nature, has once again made headlines by calling for a comprehensive overhaul of the main securities regulator and other agencies in the United States. In a recent tweet, Musk expressed the urgent need for reform, stating that punitive action should be taken against those individuals who have
