Following the activation of a dormant bitcoin address from 2017, which transferred 210 bitcoins at block height 854,501, another inactive wallet created on April 9, 2017, moved 777.91 BTC worth over $52 million roughly 35 blocks later. Notably, the owner of the bitcoin might be the same entity that moved 121.63 BTC a day ago […] Original
Alvin Lang Jul 30, 2024 01:49 Exploring the transition from mining to staking and its impact on securing the Ethereum (ETH) blockchain, according to Grayscale. The Ethereum (ETH) blockchain has undergone a significant transformation with its shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. This transition, known as ‘The Merge,’ has replaced traditional miners with stakers, fundamentally altering the way the network is secured, according to a report by Grayscale. The Merge and Its Implications Ethereum’s transition to PoS,…
Interpol is aiding Hong Kong officials in locating Wong Ching-kit, a cryptocurrency promoter known as “Coin Young Master,” notorious for his 2018 stunt of tossing HK$6,000 from a rooftop. Wong faces charges of fraud and theft, including involvement in a HK$3 million cryptocurrency deception. An Interpol red notice has been issued to facilitate his arrest. […] Source CryptoX Portal
Over the weekend, Dogecoin (DOGE) soared 11% after the general market performance. The price surge led the dog-themed token to retest key resistance levels, which fueled a bullish prediction by crypto analysts. Investors also shared a positive sentiment following Elon Musk’s recent comments regarding cryptocurrencies and the largest memecoin by market capitalization. Related Reading Dogecoin Attempts To Break Above Key Level During the past week, market watchers have revealed their bullish predictions for the largest memecoin by market cap. Daan Crypto Trades revealed that DOGE was “showing some strength” after…
Following the highly anticipated 2024 Bitcoin Conference in Nashville, Tennessee, over the weekend, a notable spike in positive market sentiment drove the Bitcoin price to a one-month high of $70,000 on Monday. Analysts are now eyeing the potential for an extended super-cycle, with market expert Doctor Profit suggesting that the recent rally could begin a significant uptrend with plenty of room to run. Bitcoin Price Projections According to a recent report by Doctor Profit, the current price action is the first phase of this potential super cycle, noting that during…
Speculation is growing that the Biden administration will sell all its seized bitcoin holdings after former President Donald Trump pledged to ensure the U.S. government keeps all of its bitcoins if re-elected. Economist and gold advocate Peter Schiff believes the Biden administration will sell every bitcoin before Trump takes office. The transfer of $2 billion […] Original
Popular meme coin Dogwifhat (WIF) has lately attracted attention because of its market performance. Over the last week, its value dropped by around 5%; but, over the prior month it sustained a 22% rally. Dogwifhat, which now commands a 0.10% portion of the market and has a market cap of $2.47 billion, is valued at $2.50. Related Reading Bullish Indicators Start To Show Recent comments on WIF’s potential price trajectory from crypto analyst Crypto Scient show a somewhat bullish view. Dogwifhat has displayed notable positive signs in its market structure,…
A company with cryptocurrency capital has been registered in Argentina, marking the first time this has happened in the country. The company, which was registered with a capital of almost $500 in bitcoin and USDC, follows the enactment of a resolution that allows companies to receive contributions in cryptocurrencies and digital assets. Argentina Registers First […] Original
As Bitcoin flirted with the $70,000 mark on Monday morning, analysts at Bitfinex issued a cautionary note, suggesting the rally might be short-lived due to an impending significant options expiry. Bitfinex analysts predicted in a note that they expect “potential further downward pressure” on the price of Bitcoin (BTC) as the monthly expiry of around $2.2 billion is set to occur on Aug. 2. They suggest this event could cause Bitcoin to stall or even pull back slightly from the $68,000-$69,000 resistance zone. Despite the risk of a pullback, the…
Bitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Bitget and Nansen Highlight Community’s Role in Token Price Forecasting Researchers from the crypto exchange Bitget, and Nansen, […] Source BitcoincryptoexchangeExchanges CryptoX Portal