As April comes to an end, the cryptocurrency industry witnessed a significant decrease in combined losses from hacks and scams, marking the lowest recorded figure in recent times. According to security firm CertiK, only around $25.7 million was lost to exploits, hacks, and scams throughout the month. This data represents a substantial 141% decrease from
Recently, Ethereum price took a hit and dropped below the $3,000 mark. This decline in price has raised concerns among investors and traders in the cryptocurrency market. In order to prevent a major drop, Ethereum must maintain support above the key levels of $2,800 and $2,850. One of the significant indicators of the current price
In a recent turn of events in the cryptocurrency industry, former Binance CEO Changpeng ‘CZ’ Zhao was sentenced to four months in prison in a Seattle courtroom. This marked a significant moment for both Binance, one of the industry giants, and its influential founder. The sentencing came after Zhao pleaded guilty to money-laundering violations, signaling
There is a significant dilemma facing Bitcoin miners post-halving, as explained by CryptoQuant CEO Ki Young Ju. Miners are currently at a crossroad, where they must make a decision to either capitulate to the current market conditions or wait for a potential increase in BTC price. Ju expressed his concerns about miners holding onto their
Crypto analyst Ali Martinez recently highlighted the significance of the $59,800 price level for the future trajectory of Bitcoin. Martinez pointed out two possible scenarios that could unfold if Bitcoin were to drop to this critical level. According to Martinez, the short-term holder’s realized price for Bitcoin currently stands at $59,800. Historically, Bitcoin has often
House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress regarding the classification of Ethereum during his testimony in April 2023. This accusation has sparked escalating tensions over the regulatory approach to digital assets, with industry participants filing lawsuits against the SEC for overstepping its authority. Recent court documents
In the world of meme coins, Nezuko Cat (NEZUKO) has emerged as the latest sensation, with its price skyrocketing by a whopping 8,000% overnight. This surge in popularity can be attributed to the project’s favorable tokenomics, which offer holder incentives such as ongoing token buy-backs. Currently trading at $0.000346, Nezuko Cat has seen a 24-hour
The recent sluggishness in the cryptocurrency market has left many investors feeling apprehensive. However, a glimmer of hope has emerged for XRP, the native token of Ripple, with a significant whale activity catching the attention of industry observers. A notable investor, commonly known as a whale, recently acquired a substantial 23 million XRP, sparking renewed
Cryptocurrency analyst and trader Lark Davis has identified several significant developments in the Bitcoin ecosystem that have the potential to trigger an even more intense bull cycle than previously anticipated. Davis delves into the revolutionary changes taking place, such as institutional and global acceptance, that could accelerate the current bull market. One of the key
XRP price is currently facing a major hurdle as it struggles to recover above the $0.520 resistance level. The price is hovering around $0.5150 and is also closely following the 100 simple moving average (4 hours). A significant bearish trend line is forming with resistance at $0.520 on the 4-hour chart of the XRP/USD pair.