The Bitcoin network has recorded an all-time high hash rate exceeding 500 exahashes per second. This growth signals a robust increase in the computational power securing the blockchain. Essentially, the hash rate measures the processing power committed to Bitcoin’s network, indicating the number of complex calculations the system can perform per second. Significance of the […]
GBTC’s $2.2B Outflow Triggers Bearish Sentiment In BTC, ETH Options
The broader digital currency ecosystem remains on edge as market bulls fight to prop up Bitcoin (BTC) and Ethereum (ETH) prices amid Grayscale’s $2.2 billion GBTC outflows and conflicting Options data. Is Bitcoin (BTC) and Ethereum (ETH) Bottom In? At the time of writing, the duo of Bitcoin and Ethereum brandishes slightly conflicting price outlooks […]
Ethereum Price Prediction: Will $2400 Hold or Fold Amid Current Market Downturn?
Ethereum price prediction: ETH has been on a remarkable upward trajectory within an ascending parallel channel since October 2023. The Ethereum price has recently achieved a significant milestone, touching a value of $2,467. This marks a subtle yet noteworthy 2.78% increase in just 24 hours, reflecting a market sentiment. The trading volume has also surged, […]
Ethereum (ETH) Upside, Bitcoin (BTC) ‘Max Pain’ Ahead: Analyst
Cryptocurrency analysts are currently divided on the future trajectory of Bitcoin (BTC) in relation to Ethereum (ETH), its closest counterpart in market capitalization ranking. One prominent analyst, known by the handle @hedge__x on X has predicted that Bitcoin’s price will experience an upward trajectory in the current market cycle. However, the forecast comes with a […]
Crypto Scam: Group Conducting Fake Crypto Transactions Busted in India’s Odisha
Crypto scams have been on a steady rise in India. In one such incident, police in the Indian state of Odisha busted a gang of people who were involved in fake cryptocurrency transactions, according to local media reports. The scam has occurred at a time when the Indian government is trying to intensify scrutiny over […]
Top Altcoins to Buy January 21: SOL, GRT, CHZ
Top Altcoins: The cryptocurrency market has experienced a downward correction for more than a week, primarily triggered by a lack of momentum in Bitcoin price despite the much-anticipated launch of a Bitcoin ETF. This downward trend was exacerbated as Grayscale began to unload its Bitcoin assets in reaction to its investors selling off shares of […]
OKX Implements New Funding Fee Collection Method in Global Expansion Effort
Leading cryptocurrency exchange OKX announced that it will change its funding fee collection mechanism. The platform also said that the change will happen for the remaining group of perpetual futures that it owns. OKX changes funding fee collection mechanism OKX in a statement said that it will gradually move from cross-period to current-period finance charge […]
Trezor Confirms Data Breach, Warns of Phishing Risks
Cryptocurrency hardware wallet manufacturer Trezor has recently disclosed a security breach impacting approximately 66,000 of its users. This incident, announced on January 20, marks a significant concern in the digital asset community. Trezor identified unauthorized access in a third-party support portal on January 17, which potentially exposed the contact details of users interacting with the […]
SEC vs. XRP: Ripple Fights Back Against SEC’s Late Discovery Demands
Ripple, the prominent blockchain payments company, is pushing back against the U.S. Securities and Exchange Commission (SEC) in the XRP and SEC ongoing legal battle. In a recent development, Ripple has objected to the SEC’s latest request for post-complaint discovery. The dispute centers around the SEC’s motion to compel Ripple to produce additional documents and […]
Spot Bitcoin ETF: Proponents Calls For Vanguard Boycott
Vanguard Group Inc. which manages a staggering $8.6 trillion in assets, has adopted a cautious approach towards the cryptocurrency market, particularly after the debut of spot Bitcoin ETF in the United States. The firm, known for its traditional investment philosophy, chose not only to exclude spot Bitcoin ETF products but also removed futures-backed Bitcoin funds […]