Cryptocurrency Analysis and News Portal
Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did
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Bearish signals are looming over the crypto market these days and will almost certainly push prices down in the short term, well-known research analyst Markus Thielen said. Source
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Bitcoin has been moving lower ahead of the Halving event, going against analysts’ expectations. This price action has been unexpected and shows
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At block height 839,856, the Bitcoin blockchain stands a mere 144 blocks short of the forthcoming reward halving at block height 840,000. Historically, bitcoin’s price has seen substantial increases following prior halving events. However, there are speculations that this occurrence might not follow the previous pattern. This week, the creator
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BlackRock’s (NYSE:BLK)iShares Bitcoin Trust (NASDAQ:IBIT) is closing in on Grayscale’s dominance in the Bitcoin trust market, with impressive growth despite minimal inflows. According to data released on April 17, IBIT holds a significant market share of 32.6%, just trailing behind Grayscale’s Bitcoin Trust with 36.8%. IBIT’s remarkable rise began since its
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The average fee on the Bitcoin network jumped to $19.48 as the halving approaches. According to BitInfoCharts, fees on the Bitcoin network have increased significantly as the Runes protocol is about to launch. On April 18, the average commission reached $19.48, rising by almost $14 since the beginning of the month. Source:
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Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain
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Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued
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The company confidentially filed an amended S-1 form with the U.S. Securities and Exchange Commission at the end of March, after the regulators sent a comment letter to the company, CEO Gene Hoffman said at a conference hosted by law firm Brown Rudnick in Manhattan. However, there is still no
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Amidst the ongoing fluctuations in the cryptocurrency market, the price of Bitcoin has surged by 1.7% in the past 24 hours, hovering
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