The current market turmoil has taken a toll on the Bitcoin Fear & Greed Index, with the indicator plummeting to its lowest level in over three months. As crypto investors grow increasingly fearful and hold their investments from the market, this decline reflects a significant shift in sentiment. This article delves into the factors influencing
In a recent blog post, blockchain analytics and security firm Chainalysis reported a significant decrease in cryptocurrency theft in 2023. The firm disclosed that the crypto market saw a collective loss of $1.7 billion, marking a 54.3% reduction compared to the $3.7 billion stolen in 2022. While this decrease in fiat value may seem promising,
In recent months, two of the biggest names in the cryptocurrency industry, Binance and Coinbase, have found themselves embroiled in legal battles with the U.S. Securities and Exchange Commission (SEC). The central issue in both lawsuits is whether the crypto assets offered by these exchanges should be classified as securities and fall under SEC regulation.
Amidst the current bearish sentiment surrounding the cryptocurrency market, XRP has witnessed a significant decline to the key price level of $0.51. This decline has prompted various predictions from analysts regarding the future price action of XRP. One notable crypto analyst, JD, recently shared his daring insights on the crypto asset with the community. JD
The world of Bitcoin has been a turbulent one, with price volatility causing uncertainty among investors. In the midst of this chaos, one figure stands out, radiating unwavering optimism: Samson Mow, the self-proclaimed evangelist of the cryptocurrency. With his recent transition from Chief Strategy Officer at Blockstream to CEO of Jan3, a company focused on
The Internal Revenue Service (IRS) recently released a reminder for taxpayers regarding the reporting of digital assets and related income. This serves as a crucial update for individuals, businesses, and entities involved in the ownership, sale, or exchange of digital assets. With the expansion of the questionnaire’s reach and the inclusion of additional forms, it
The world of cryptocurrencies never ceases to amaze investors with its volatility and potential for massive gains. With the recent plummeting of BONK’s price by 70% since mid-December, the search for the next big winner in the crypto market has intensified. Investors are now turning their attention to Launchpad XYZ’s crypto Initial Coin Offering (ICO),
Recently, FOX Business reporter Eleanor Terrett shed light on the expectations surrounding spot Ethereum ETF approvals. According to Terrett, there seems to be a strong opposition within the U.S. Securities and Exchange Commission (SEC) towards approving a spot Ethereum ETF. This revelation leaves investors and crypto enthusiasts contemplating the reasons behind such resistance. Terrett clarified
Cryptocurrency exchange giant Coinbase has recently announced its plans to diversify its execution clients in response to concerns over the dominance of the go-Ethereum (Geth) platform. This move comes as Coinbase acknowledges the growth of the industry and seeks to address the potential security risks posed by relying heavily on a single execution client. Seeking
Blockchain network Socket recently made an announcement that left the crypto community pleasantly surprised. The protocol revealed that it has successfully retrieved 1,032 Ether tokens, valued at $2.3 million. These digital funds were initially stolen during the January 16 Bungee Bridge exploit, which resulted in the theft of millions of dollars. The recovery of such