Author: cryptotechbro
Amid a general crypto market price fall in the past week, Ethereum (ETH) recorded a price correction of over 19.5% finding support at a local bottom of $3,100. Since then, the prominent altcoin has only shown slight resilience rising by over 5% in the past two days. However, recent data on wallet activity provides much cause to be bullish on Ethereum’s long-term future. Ethereum HODL Addresses Increase Supply Dominance To 16% In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive insights on the Ethereum market. The crypto market expert reports that the balance of Ethereum Accumulation Addresses has…
Interpol has issued a “Red Notice” for Hex founder Richard Schueler, also known as Richard Heart, for allegedly committing tax fraud and assault.
Recently, BlackRock released an educational video explaining Bitcoin, which I thought was great—it’s amazing to see Bitcoin being discussed on such a massive platform. But, of course, Bitcoin X (Twitter) had a meltdown over one specific line in the video: “There is no guarantee that Bitcoin’s 21 million supply cap will not be changed.” HealthRnager from Natural News claimed, “Bitcoin has become far too centralized, and now the wrong people largely control its algorithms. They are TELLING you in advance what they plan to do.”Now, let me be clear: this is total nonsense. The controversy is overhyped, and the idea…
The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations. The Regulatory Measures of ASIC The main Australian financial regulator, ASIC, has become more vigilant in monitoring the cryptocurrency industry. The recent prosecution against Binance Australia is part of a broader effort to enforce compliance with contemporary financial norms. The commission has accused Binance of violating several laws related to counter-terrorism financing (CTF)…
Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking debate among investors. Concerns have surfaced about whether this downturn signals the conclusion of the current bull cycle or merely represents a temporary setback. While short-term holders face losses, long-term metrics provide a broader perspective on Bitcoin’s trajectory, as analyzed by CryptoQuant’s Avocado Onchain in a recent report. Opportunity Or End of The Bull Cycle? According to Avocado Onchain, the realized price for investors who entered the market during Bitcoin’s recent peak at $98,000 places them in a loss-making position. However, for those…
Users typically leave an application that does not respond within three seconds, and Web3 apps can have load times of up to 20 seconds.
2024 saw several key developments that could shape the future of crypto. Here are the year’s most important events. The SEC approved spot Bitcoin and Ethereum ETFs over the course of 2024, allowing funds in each category to begin trading in January and July, respectively. Bitcoin ETFs alone have achieved a $119 billion market cap and $5 billion in volume, indicating widespread investor interest. The funds could pave the way for other funds in the future, including several XRP ETFs that are currently in the application stage. Nearly two years after its collapse, FTX moved toward paying former customers in…
If the above statement offends you, you might not have read the Bitcoin source code. Follow Rizzo on X.https://x.com/pete_rizzo_/ Of course, I’m sure you’ve heard that there are 21 million bitcoin – and this is true, the Bitcoin protocol allows for only “21 million bitcoin” to be created, yet these larger denominations can be subdivided into 100 million sub-units each. Call them whatever you want, there are only 2.1 quadrillion monetary units in the protocol.This dollars and cents differential has long been the subject of debate – in the time of Satoshi, Bitcoin’s creator, the dual conventions, Bitcoin having both…
The Dogecoin price has been stuck in a state of correction and consolidation since the first week of December after a crazy multi-week rally that saw it peaking just below the $0.48 price level. Recent price action in the past 24 hours and seven days has been riddled by declines, with the RSI indicator reflecting a corresponding drop. Crypto analyst Master Kenobi recently drew attention to this notable development in Dogecoin’s Relative Strength Index (RSI), highlighting its earlier break above 90% and comparing the current bull market with the patterns observed during DOGE’s 2021 rally. DOGE RSI Mirrors That Of…
Nordom has the potential to redefine crypto trading by becoming the platform that prioritizes user needs, security, and transparency. The way things are going now, the cryptocurrency market is not exactly geared toward user comfort. Multiple issues, from security breaches to opaque practices to overcomplicated interfaces, have persisted for years, with most platforms failing to offer adequate solutions. But where there’s a gap, there’s a place for someone to fill it – and the team behind Nordom Crypto Exchange is determined to be the one. Nordom has the potential to redefine the crypto trading experience by becoming the platform that…