Data shows the Bitcoin Open Interest has dropped by 25% following the crash to levels below $26,500, the largest drop in around 1.5 years. Bitcoin Open Interest Has Plunged 25% After Price Plummet As pointed out by an analyst in a CryptoQuant post, this open interest flush could lead to a bottom for the cryptocurrency. […]

Amid the Celsius bankruptcy, permission has been granted to the company by a US bankruptcy judge to consider creditor approval for its bankruptcy plan. Creditors are to vote on Celsius’s plans to sell assets to the Fahrenheit consortium after a judge approved disclosures on Thursday, and creditors are expected to recoup up to 85% of […]

On-chain data shows Bitcoin’s plummet toward the $26,500 mark has sent 10% more of the total supply into a state of loss. Bitcoin Supply In Profit Has Dropped From 71% To 61% After The Crash According to data from the on-chain analytics firm Glassnode, the supply in profit has taken a big hit with this […]

The popular crypto mixer Tornado Cash, which facilitates the anonymity of transactions, has lost a lawsuit over the US Treasury Department’s sanctions. The Treasury’s Office of Foreign Assets Control (OFAC) had accused the mixer one year ago of money laundering.  According to the agency, Tornado Cash has laundered over $7 billion of crypto assets since […]

In a significant legal development, US District Judge Jed Rakoff granted the US Securities and Exchange Commission (SEC) the authority to collaborate with the South Korean government in its probe against Do Kwon’s Terraform Labs co-founder, Daniel Shin, and collect evidence from payments company Chai Corp. The SEC’s legal challenge against Terraform Labs and its […]

SEI Network, an emerging player in the trading-focused layer-1 blockchain arena, has announced the rollout of its “mainnet beta” phase, marking a significant milestone in its development. Backed by a substantial $120 million investment from renowned backers Multicoin and Coinbase, the network’s ambitions are high.  However, the journey toward its current stage has been marred […]

The Crypto market, known for its unpredictable nature, recently took another sharp downturn, shaking the foundation of many traders and speculators. This latest wave of liquidations, however, seemed to have swept up not just regular players but also an entity behind one of last year’s most significant crypto heists. The Great Heist And The Liquidation […]

Cryptocurrency and blockchain technology are rapidly gaining momentum and widespread acceptance in Australia, with nearly a quarter of the population now owning cryptocurrency assets.  Almost A Quarter Of The Population Invests In Cryptocurrency On Wednesday, August 16, Swytyx, an AUSTRAC-registered crypto exchange, unveiled their annual Australian crypto survey results via a Twitter post. According to […]

Bitcoin advocate and prominent crypto investor Anthony Pompliano reaffirmed his bullish stance on the cryptocurrency industry during a recent interview on CNBC’s “Last Call.” In the interview, Pompliano discussed a range of topics with host Brian Sullivan, shedding light on the recent developments within the crypto sphere. Holding steadfast to his convictions, Pompliano dismissed concerns […]

Coinbase, the largest crypto exchange in the US by trading volume, has moved to delist three stablecoins for Canadian users just a few days after its official launch in the country.  Coinbase To Delist RAI, DAI, USDT In an email sent to customers, the crypto exchange announced that its users in Canada would no longer […]

Cardano visionary Charles Hoskinson has once again quashed skepticisms surrounding the Cardano ecosystem in a recent post. Addressing critics head-on, Hoskinson highlighted the ongoing advancements of Hydra and Mithril updates, asserting their successful implementation and continuous evolution. Hoskinson underscored their progress within the Cardano ecosystem, spotlighting the transformative potential of the Hydra and Mithril updates. […]

Bitcoin and other cryptocurrencies plummeted early on Friday morning, with digital assets continuing to wallow at miserable levels over the past several weeks. Divergent opinions exist among the market players regarding what will happen next. Are things likely to worsen on the cryptocurrency market? Or, will there be a turnaround following today’s major setback? According to […]

As the market recovers from Bitcoin’s sudden dip below $25,000, James Butterfill, head of research at CoinShares, has weighed in on the potential underpinnings of this decline. Drawing from a meticulous analysis of market factors, Butterfill’s insights provide a more granular understanding beyond the initial speculations linking the crash to SpaceX’s financial moves. Butterfill tweeted […]

Bitcoin took a deep dive below the $25,000 mark, rattling investors and traders, following a revelation that Elon Musk’s space exploration company, SpaceX, had sold its BTC holdings. The value of the leading cryptocurrency fell to a low of $24,711, sparking similar declines in Bitcoin-related stocks such as Coinbase, Marathon Digital, and Riot Platforms. Documents […]

XRP, the native currency of the XRP Ledger (XRPL) developed by Ripple Labs, and Dogecoin (DOGE), the original meme coin, are among notable fast-falling assets in the top-10 looking at developments in the daily chart over the past week. When writing on August 17, XRP is down 10% while DOGE is dumping even harder, losing 13% in […]

Tony “The Bull,” a crypto analyst and the Editorial Director at Bitcoinist, remains bullish despite the sell-off in Bitcoin. He suggests that the ongoing decline could be a dip that sets the stage for a leg up to $45,000 in the coming sessions. Bitcoin Is Oversold, Will It Recover? Highlighting candlestick arrangements in the 4-hour […]

According to a recent report by the gaming news outlet Game Is Hard, Take-Two Interactive Software, the renowned publisher of the popular video game franchise “Grand Theft Auto,” has made a significant foray into the blockchain gaming industry.  The company recently unveiled its blockchain-based game, “Sugartown,” built on Ethereum. This move by Take-Two is viewed […]

In the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), Judge Torres has granted the SEC’s request to file an interlocutory appeal. The decision, based on a review of the parties’ letters dated August 9 and 16, 2023, marks a significant milestone in the case. The SEC’s successful request […]

Since mid-July, Bitcoin (BTC), the flagship cryptocurrency, has encountered significant challenges in its price action following a remarkable climb to a new yearly high. However, in a matter of days, the market momentum shifted, leading to an uphill battle for bulls as they fought to defend critical support levels and prevent further declines.  Nevertheless, their […]

The Shibarium launch is the main character of the crypto story today due to its unfortunate launch but the SHIB community seems to be shaking it off. The events of the last day have not affected the community’s commitment to reducing the circulating supply of the meme coin which has led to a significant jump […]

BIT exchange has unveiled the launch of XRP-linked options trading on its cryptocurrency derivatives platform. According to the announcement, this new product will allow investors to participate in the XRP market without holding the asset. Options are derivatives that enable traders to purchase or sell the underlying asset at a pre-established price on or before […]