In a surprising turn of events, the cryptocurrency market has been shaken by a sudden drop in Bitcoin prices. After a period of significant gains and all-time highs, Bitcoin has seen a drastic decrease, hitting a low of $65,000 within a week. This downturn has proven to be a major setback for investors, with the
The recent market plunge has left the crypto industry reeling, with hundreds of millions of dollars being wiped out in just a few hours. Bitcoin, which had been on a steady upward trend, suddenly plummeted to a weekly low of $67,500, causing panic among investors. This sudden drop also impacted altcoins, leading to a significant
Bitcoin (BTC) has been the talk of the town in the past few weeks, with its price skyrocketing to a new all-time high of $73,750. This surge, attributed to the pre-halving rally, has captured the attention of many investors in the cryptocurrency market. However, what goes up must come down, and BTC has experienced a
Bitcoin’s futures market is currently attracting attention due to the signs of bullish sentiment it is showcasing. Analysts are closely looking at the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data indicates that this basis has risen to unprecedented levels since Bitcoin’s all-time high
The intersection of artificial intelligence and cryptocurrency presents a new frontier for criminal activity, as highlighted by a recent report from Chainalysis. The influx of $100 million into a crypto-based AI platform by Fetch has raised concerns about the potential for a surge in illicit blockchain activity. Chainalysis Cybercrimes Research Lead Eric Jardine provided insight
Recent analysis from Bernstein, a private wealth management firm, has once again reiterated their previous Bitcoin prediction. They are confident that the cryptocurrency has a great potential to reach an impressive $150,000 by the year 2025. This forecast is based on the exponential surge that Bitcoin has been experiencing, with new all-time highs being reached
Virtual reality and augmented reality have long been seen as the future of technology, offering immersive experiences that bridge the gap between the physical and digital worlds. 5thScape, a first-of-its-kind crypto-powered VR and AR project, is aiming to revolutionize the industry by integrating blockchain technology and tokenization to create a truly boundary-breaking platform. The Power
Grayscale recently made amendments to its regulatory filing, indicating its intention to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s updated filing on March 15 provides a stronger case for the conversion in several ways. One of the key points in the updated filing is the emphasis on market surveillance and
Federal prosecutors have requested a severe prison sentence of 40 to 50 years for Sam Bankman-Fried, the founder of FTX, after his conviction for orchestrating one of the largest financial frauds in recent history. The US Attorney’s Office for the Southern District of New York outlined the extensive fraudulent activities perpetrated by Bankman-Fried in a
Sponge V1 made its entrance during the bear market of May 2023, standing out as a fair launch token that quickly gained momentum in the world of meme coins. The catchy and nostalgic namesake of Sponge captured the attention of many, leading to a significant surge in popularity. The first SPONGE token skyrocketed to become