The excitement surrounding Bitcoin’s next “halving” event is building up as the countdown to April 26, 2024, at Block 840,000 begins. This anticipated event, which occurs approximately every four years, will reduce the inflation rate of Bitcoin, and it is believed to have bullish implications for the cryptocurrency. As we analyze the historical data and
Solana’s (SOL) price experienced a momentary surge to a new year-to-date high on June 14 following Ripple’s partial victory against the United States Securities Exchange and Commission (SEC). The court ruling contested XRP’s (XRP) classification as a security, leading to a 48.09% increase in the token’s value, reaching a peak of $32.40. However, the price
The BNB Beacon Chain, a significant part of the Binance blockchain ecosystem, is set to undergo a planned hard fork upgrade on July 19th at 6:00 UTC. This upgrade, named “ZhangHeng” after a renowned Chinese scientist, will take place at block height 328,088,888. A hard fork refers to modifying the software protocol to validate previously
XRP (XRP) experienced a significant increase in price following the news that Federal District Judge Analisa Torres of the Southern District of New York rejected the United States Securities and Exchange Commission’s (SEC) claim that XRP is a security. This ruling had a bullish impact on XRP, causing its price to rise by over 75%
The price of Conflux (CFX) has recently experienced a surge, but its upward momentum seems to be slowing down as it encounters resistance from its 20-day exponential moving average (EMA). On July 12, CFX saw a significant 11.22% increase, bringing it closer to retesting the 20-day EMA and the Fib 0.236 level at $0.2096. However,
The year 2023 has seen a disappointing performance for crypto scammers, according to a recent report by blockchain intelligence firm Chainalysis. The report reveals a 65% decrease in inflows to “known illicit entities” compared to the same period last year. Additionally, inflows to “risky” entities have also dropped by 42%, while inflows to “legitimate services”
Bitcoin (BTC) has shown promising signs of challenging range highs, backed by new macroeconomic data that has provided a boost to risk asset bulls. While the BTC price focus has shifted above $30,500, it is important to analyze the implications of this shift and its potential impact on the market. In this article, we will
Binance, one of the world’s largest cryptocurrency exchanges, has made a significant move in strengthening its regulatory compliance efforts. The exchange recently announced the appointment of Eleanor Hughes as its new general counsel. With her extensive experience and past successes, Hughes is tasked with leading Binance’s global regulatory initiatives in an ever-evolving industry. Hughes first
The U.S. Department of Justice (DOJ) has recently made a major move in the world of cryptocurrency. According to onchain data, they have transferred a total of 9,825 Bitcoin (BTC), which is equivalent to a staggering $302 million, to new addresses. These funds were originally seized in connection to the shutdown of Silk Road, a
South Korean companies operating in the cryptocurrency space will be required to disclose comprehensive information about their transactions to the country’s financial regulator starting from January 2024. This new requirement, announced by the Financial Services Commission (FSC) of South Korea, aims to enhance accounting transparency for digital asset transactions. The government’s objective is to protect
