Author: Anshul

Bitcoin Accumulation Signals Market Confidence

Bitcoin’s selling pressure has significantly decreased in recent months, indicating a shift among long-term investors towards retaining their holdings, as noted by Glassnode’s latest analysis. The “Value Days Destroyed (VDD) Multiple” has experienced what Glassnode’s lead analyst, James Check, describes as an “epic cooldown.” This on-chain metric, which assesses the spending behavior of Bitcoin relative […]

Market Trends: Bitcoin and Meme Coins’ Performance Analysis

Bitcoin is currently trading at $63,330, marking a -1.5% dip in the last 24 hours as it begins to recover from last week’s decline. The broader cryptocurrency market mirrors this trend, with meme coins experiencing significant fluctuations. These coins often see substantial gains in bullish markets but suffer losses when the bears dominate. Among the […]

Bitcoin Hits One Billion Transactions

The Bitcoin network has achieved a monumental milestone, recording its one billionth transaction, as per Clark Moody’s Bitcoin dashboard. This remarkable achievement underscores Bitcoin’s enduring relevance and its pivotal role in the evolution of digital currencies. Recently, Bitcoin transactions and their associated fees have sparked significant discussion within the crypto community. This interest has been […]

Senators Warn on Iran’s Bitcoin Mining

US Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) issued a stern warning about the potential ramifications of Iran’s burgeoning Bitcoin mining industry. In a detailed letter addressed to key members of the Biden administration, they highlighted how Iran’s crypto mining activities could potentially undercut the effectiveness of economic sanctions. The senators pointed out that […]

Bitcoin’s Resurgence: Navigating Market Turbulence and Economic Shifts

After a period of downturn, Bitcoin is rallying again, leaving those who bet against it feeling the pinch. In the last 24 hours, nearly $100 million in short positions across all cryptocurrencies have been liquidated, with the current total at just over $99 million. A significant portion of these liquidations occurred in short positions on […]

Friend.tech’s Native Token Launch Hits Roadblocks

Social crypto platform Friend.tech has launched its new native token alongside version two (V2) of the decentralized social media. However, the rollout has encountered several issues. FRIEND tokens were anticipated in an airdrop for users included in an April snapshot, but many have found it difficult to claim their tokens. Frustrated users have taken to […]

AI Targets Bitcoin Laundering

The integration of artificial intelligence into blockchain surveillance is poised to significantly bolster law enforcement efforts in tackling money laundering within the cryptocurrency sphere. A groundbreaking study by Elliptic and the MIT-IBM Watson AI Lab has unveiled how deep learning AI can effectively parse the expansive Bitcoin blockchain to identify illicit activities. Published on Wednesday, […]

Fed Holds Rates Amid Crypto Market Pain

The Federal Reserve made a decisive move on Wednesday, opting to maintain its key interest rate, as it continues to wage a battle against inflation. This decision has sent ripples through the crypto market, exacerbating existing pressures. Federal Reserve Chairman Jerome Powell, in his characteristic cautious demeanor, addressed the media, stating that while the fight […]