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Bitcoin (BTC), the leading cryptocurrency by market value, has doubled this year to over $34,000. Still, the market shows no signs of overheating, a positive sign for traders anticipating unabated gains, according to blockchain analytics firm IntoTheBlock. Source
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Lawyers currently representing Sam Bankman-Fried, or SBF, for his criminal case in the United States plan to elicit evidence the former CEO acted “in good faith” on advice of previous counsel in regards to his alleged actions at FTX and Alameda Research.In an Aug. 23 filing in U.S. District Court
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A third straight week of positive digital asset inflows has fully corrected nine previous weeks of outflows for the market, according to a report from CoinShares published on July 10. This week’s inflows registered $136 million. Bitcoin (BTC) funds continued their trend of holding the anchor position, with 98% of the inflows
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Swift signed the sponsorship agreement with FTX following more than six months of discussions but in the end, FTX founder Sam Bankman-Fried pulled out of the deal, according to the New York Times, citing three people with knowledge of the matter. The decision left Swift's team frustrated and disappointed, according
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First quarter results are in for cryptocurrency and stock trading app Robinhood, with the company reporting a 30% year-on-year revenue drop for its crypto trading business.Released May 10, Robinhood's Q1 2023 earnings revealed $38 million in crypto trading revenues over the period, dropping from $54 million in Q1 2022.Robinhood's total
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“We really pushed the boundaries of what we think an egalitarian distribution should look like,” Shaikh said, referring to Aptos’ tokenomics. “For folks like investors, we have among the lowest distribution for any investor across any protocol at launch,” he said. Source
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The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said. Source
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On-chain data shows Bitcoin has been undervalued for 170 days now, here’s how this figure compares with that during the previous bear markets. Bitcoin MVRV Ratio Has Been Stuck Under ‘1’ Since 170 Days Ago As pointed out by an analyst in a CryptoQuant post, the lowest point that the MVRV ratio
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Since bitcoin’s price was first measured in fiat value in 2010, only four out of the 11 Novembers in bitcoin’s history have seen monthly declines. Eight of the Novembers in bitcoin’s price history saw bitcoin climb higher from the first of the month to the last day of November. Following
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