The recent surge in demand for bitcoin (BTC) in the United States can be attributed to Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium. While BTC has seen a rally in the U.S. market, the overall demand for Bitcoin globally has remained relatively low in recent weeks. This discrepancy highlights the growing
Crypto
The highly-anticipated 2024 bitcoin bull run has not gone according to plan, despite the asset breaking its 2021 all-time high early on. As Bitcoin struggled to maintain its momentum towards the $100,000 mark, Perplexity identified several factors that could potentially fuel another run by the end of 2024. Earlier this year, Bitcoin made history by
The U.S. Securities and Exchange Commission (SEC) has recently taken legal action against two brothers, Jonathan Adam and Tanner Adam, for spearheading a $60 million Ponzi scheme. The lawsuit, filed in the United States District Court for the Northern District of Georgia in Atlanta on August 26, accuses the siblings of deceiving more than 80
Ethereum co-founder Vitalik Buterin has once again made headlines within the cryptocurrency community with a significant transfer of ETH. Reports have shown that Buterin moved 800 ETH with an estimated value of $2.01 million to a multisig wallet. This comes after a previous transfer of 3,000 ETH, worth approximately $8.04 million, to the same wallet
The high level of centralization in certain cryptocurrencies poses a significant risk to the overall philosophy of decentralization that the crypto industry aims to promote. Projects like Polygon (MATIC) and Shiba Inu (SHIB) have come under scrutiny for the disproportionate influence wielded by a small number of entities. The data provided by Santiment reveals that
The past week has been quite a rollercoaster for Bitcoin and the cryptocurrency markets as it witnessed significant fluctuations. Bitcoin started the week on a high note, with a quick surge from $60,000 to over $64,000 on Saturday. This spike was fueled by bullish developments on US soil, including hints at interest rate cuts by
Recently, Floki Inu (FLOKI) experienced a significant drop in price, losing its position among the top 5 meme coins. The token saw a sharp decline of nearly 20%, with its market capitalization falling to $1.23 billion. This decline allowed Bonk Inu (BONK) to surpass FLOKI and claim the fifth spot, with a market cap of
Elon Musk, the controversial CEO of Tesla Inc., recently emerged victorious in a high-profile lawsuit alleging market manipulation of Dogecoin. The $258 billion lawsuit filed by disgruntled investors accused Musk and his company of artificially inflating the price of the meme-based cryptocurrency through social media and public statements. However, U.S. District Judge Alvin Hellerstein dismissed
The recent seven-day chart revealed a mixed bag for major crypto assets, with most top coins experiencing a downward trend. However, amidst this sea of red, Popcat stood out with an impressive 52% weekly gain by midday Wednesday. This surge in price can be attributed to a combination of factors, including its substantial market capitalization
The Cardano network is gearing up for one of its biggest upgrades yet, set to be deployed in the next three days. This upgrade will introduce new features and mark the blockchain’s transition into a community-run network. Originally scheduled to go live on Tuesday, August 27, the Chang hard fork was postponed to September 1,