Cryptocurrency Analysis and News Portal
Bitcoin (BTC) has shown much resilience in the wake of the US Federal Reserve announcing a 25 basis points hike in the Federal Funds Rate (FFR) on Wednesday. Based on data from CoinMarketCap, the premier cryptocurrency is up by 0.78% in the last 24 hours, with the majority of the market
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According to the DOJ's attorneys, they need that time to process a wealth of Celsius’ corporate records and communications, including the 1,200 videos of Mashinsky’s and other Celsius executives' ask-me-anything sessions, many of which are more than an hour long. Original Source
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New research by analytics firm The Tie shows coins, on average, declined in the lead-up to the event. However, when the liquidity freed up represented more than 100% of the average daily volume, prices quickly recovered, only to fall deeper within two weeks following the unlock. The firm conducted a
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Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin cash (BCH), a cryptocurrency that originated as a fork of bitcoin, aims to enhance transaction efficiency for both individuals and businesses, and it has remained a prominent player in the top 50 cryptocurrencies based on
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Meanwhile, the past few days saw $128 million worth of bitcoin rewards sent to crypto exchanges, an amount estimated to total 315% of daily mining revenues, as per on-chain analytics firm Glassnode. This was the largest-ever sent amount on record by this metric. Source
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Patrick McHenry intends to hold a committee vote on a detailed crypto regulatory structure. Reactions about the use of crypto still make it unclear how things will turn out. Patrick McHenry, a House Republican lawmaker, plans to introduce legislation around crypto regulations after lawmakers return to work on July 11. The
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Data from Glassnode shows miners or entities minting coins by verifying transactions on the blockchain have moved 6671.99 BTC ($174 million) to exchanges since May 31. On June 3 alone, miners moved 2,606 BTC to exchanges, the largest single-day tally in over four years. Original Source
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On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend
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A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL is a metric that measures the dollar value of assets inside an app’s smart contracts.Origin Ether total value
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