Crypto news

Though Bitcoin’s price has been suppressed for months, this may not necessarily mean that adoption of the asset is slowing down.  On-chain data from IntoTheBlock shows that the number of non-zero Bitcoin addresses has steadily increased since the crypto market peak in November.  People, or Addresses? As the crypto intelligence platform indicates, about 41.9 million addresses currently hold a balance on Bitcoin’s network. That’s narrowly shy of the all-time high of 42.07...

Earlier in the year, Live Bitcoin News reported a major hack on the Axie Infinity network. The company lost more than $600 million in crypto funds, and later analyses suggested the hack had occurred through the efforts of Lazarus, a notorious cybercrime enterprise based in the nuclear state of North Korea. Axie Infinity Comes Out the Winner It appears there is someone above looking out for Axie Infinity as law enforcement agents in the U.S. report having garnered as much...

In a new report, the Financial Stability Oversight Council (FSOC), a regulatory panel comprising leading financial regulators, identified areas in crypto regulation with: limited oversight of the spot market for tokens that are not securities; opportunities for regulatory arbitrage, or benefit favorable rules; if crypto firms should be allowed to integrate multiple services traditionally offered by intermediaries, such as broker-dealers and clearing houses. More Power to Top...

Ripple is on the verge of breaking the 5-month consolidation range. Doing so could cause the bullish rally we saw last month to resume. Technical Analysis By Grizzly The Daily Chart Although XRP concluded the week with a red candlestick, the daily chart suggests an increase in buying pressure. The cryptocurrency hit the descending line (in yellow) 10 days ago, which had been a major barrier over the past 300 days. In hindsight, testing the static resistance at $0.55 (in red)...

A report published in mid-September showed inflation was (what a surprise) higher than expected, and bitcoin took serious heat for it. The world’s number one digital currency by market cap fell into the low $20,000 range not long after and lost about $2,000 off its price. Inflation Keeps Getting Worse This is also bad news in the sense that as inflation continues to remain high, the Federal Reserve will likely stay aggressive and hike rates again. Thus, we can logically...

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Bit Panda – a financial technology firm based in Vienna, Austria – has stated that it’s going to be reverting back to the ways of traditional finance (or tradfi) in coming weeks and months and somewhat step away from the cryptocurrency and defi spaces. Bit Panda Wants a More Traditional Route The digital currency arena hasn’t been doing too well as of late. The price of bitcoin, for example, was trading at a new all-time high of about $68,000 per unit in November of last...

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