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ALLINVAIN’s journey in the early Bitcoin era highlights the potential and inherent risks of the cryptocurrency market. As an early adopter and significant contributor to Bitcoin’s growth, his experiences reflect the crucial need for security measures. His story remains a reminder of the vulnerabilities that early Bitcoin users faced. Bitcoin Developer Lost 25,000 BTC In the early days...
The Polkadot network has green-lighted a multi-million development fund backed with a prize pool for the JAM upgrade. Reports indicate that the project’s community approved the proposed upgrade almost unanimously.   Polkadot To Enhance Ecosystem With $65 Million Development Fund The DOT community approved the Join-Accumulate Machine (JAM) protocol. On May 27, Polkadot founder Gavin Wood ...
The Ripple (XRP) price is looking to rise over the next couple of days owing to the support it receives from large wallet holders.  The asset’s target is to recover the losses noted recently, which would warrant a rise to $0.54. Ripple Finds Massive Support Ripple’s price rise is largely due to institutional investors. These investors have demonstrated strong confidence in XRP, pouring...
Crypto investments outflows increased last week to record thresholds last seen in March. The turnout came as a reaction to the Federal Open Market Committee (FOMC) meeting. The upside potential for the Bitcoin price remains limited as investors’ risk appetite drops. Crypto Investments Outflows Hit $600 Million Digital asset investment products saw outflows of $600 million last week,...
BlackRock CEO Larry Fink recently addressed the Group of Seven (G7) leaders. He highlighted a significant shift in the global financial system. Fink emphasized the growing role of capital markets as the primary source of private-sector financing. This change signals a pressing need for new strategies to unlock financial potential. Larry Fink: The “Growth Dilemma” In a keynote address,...
From June 1 to June 16, Litecoin’s blockchain experienced significant activity, indicating strong bullish fundamentals. The following analysis delves into the observed trends, highlighting the most noteworthy changes during this period. Litecoin Address Growth Analysis The period from June 1 to June 16 witnessed important activity in the Litecoin blockchain, as indicated by the growth in...
David Hirsch, Chief of the Crypto Asset and Cyber Unit within the US Securities and Exchange Commission’s (SEC) Division of Enforcement, announced his departure after nearly nine years of service. His tenure was marked by handling multiple investigations, contributing significantly to the regulatory environment surrounding cryptocurrencies. SEC’s David Hirsch Resigns Reflecting on his...
Render’s (RNDR) price drawdown has been a matter of concern for investors, as their losses continue to increase. This could result in the altcoin potentially dipping to a multi-week low, already losing $8 as support. Render Investors Opt to Sell Render’s price fall has led to high selling among the investors, owing to the loss of profits in the last few days. The overall profit/loss...
New whales aggressively accumulate Bitcoin, while old whales slightly reduce their holdings. This behavior suggests a mix of bullish sentiment among new market entrants and strategic repositioning among long-term holders. Large holders also show strong accumulation, supporting Bitcoin’s mid-term prospects. New Whales Accumulating BTC The supply held by new whales, defined as addresses...
Tether, a prominent stablecoin issuer in the crypto industry, has announced the official launch of Alloy by Tether, a tethered asset backed by Tether Gold (XAUT). This new token aims to provide stability in the digital economy. It combines the strengths of a stable unit of account with the security and reliability of gold. Tether CEO Discusses the Future of Tethered Assets with Alloy...