Crypto news

[HANGZHOU, 中国, June 22nd, 2024] In a groundbreaking analysis, leading cryptocurrency research firm Messari has published a comprehensive overview of the Nervos Network (CKB), spotlighting its pivotal role in enhancing Bitcoin’s technological framework. The report details how Nervos leverages its innovative Layer-1 blockchain and RGB++ protocol to address critical scalability and programmability challenges within the Bitcoin ecosystem. According to the report, Nervos Network...

The world’s number one and two leading cryptocurrencies by market capitalization, daily transaction volume, and crypto exchange volume have almost perfectly tied for ROI from Jan. 1 through the middle of June. For comparison, the S&P 500 Index notched up nearly 15% over that same period. But that’s more than the broad stock market benchmark usually makes in an entire year. So even during an unusually good two quarters for U.S. stocks, Bitcoin and Ethereum delivered...

BTC struggles to find pace and add gains. It slumped over 3% on 21 June, dropping below $64,000, and presently fluctuates just above $64,000. It has fallen by 8% over the past month. Despite hope and anticipation for price rises, BTC has failed to find its footing and perform like it did earlier this month when it surged past $70,000. Whales and miners have liquidated over $1.2 billion of BTC within the past two weeks because of the price decreases. Factors like a strong dollar and investors...

Ripple CEO Brad Garlinghouse’s statements from a 2017 interview have incited a securities investigation in California. California District Judge Phyllis Hamilton has stated that XRP, Ripple’s native token, is a security when offered to retail investors. According to her, Ripple created an expectation of profits for retail investors, which is a component in the Howey Test used to determine if investments are securities. “The court declines to find as a matter of law that a reasonable investor...

The AVAX native token for the layer-1 blockchain Avalanche is in severe pain this weekend, slumping more than 10% at one point in a fall to its lowest level since December 2023. Over the past 24 hours, the token has crashed from $27.87 to an intraday and six-month low of $24.92, according to CoinGecko. Moreover, the asset has dropped a whopping 37% over the past month as altcoins continue to get crushed in the crypto market pullback. What Has Caused the AVAX Avalanche?...

Ripple’s ongoing case is undoubtedly at the forefront of the cryptocurrency industry, and its outcome is likely to have an impact on the price of XRP. However, analysts are taking the opportunity to forecast potential price points based on certain technical patterns, irrespective of the SEC lawsuit’s outcome. One such analyst is EGRAG CRYPTO, who recently pointed out a bullish candle formation known as the quarterly hammer. Ripple Price Prediction for 2024 The analyst points...

With innovations emanating from the AI sector, this industry is poised to dominate the ongoing crypto bull run. RCO Finance (RCOF) demonstrates this assertion by introducing its AI-powered robo advisor, designed to enhance users’ investment strategies.  The technology will transform the way investors approach investing, guaranteeing financial freedom. Likewise, Near Protocol (NEAR) and Injective (INJ) have unveiled partnerships and good reports, presenting them as the best altcoins to buy...

Most US-based spot Bitcoin ETFs have started to see substantial withdrawals and the total amount has shot up to more than $500 million in the past week alone, even though it was just a four-day trading week. These developments have undoubtedly harmed BTC’s price movements, which have been closely related to the ETF flows. Spot ETF Outflows Skyrocket Ever since mid-January, when the US SEC reluctantly approved nearly a dozen spot Bitcoin ETFs, these financial vehicles have...

This week was very exciting in terms of developments within the cryptocurrency industry. In the following, we take a look at some of the most important crypto news from the last seven days. Let’s dive in. Most Important Crypto News This Week The list is chronological, starting from June 15th. Crypto Investments Hit $1 Billion in May With Ethereum Dominating. According to a report published by KuCoin Research, the crypto industry saw a public disclosure of around 156...

As the cryptocurrency market continues to evolve, certain tokens are standing out for their potential to deliver significant gains. Among these, Avalanche, Toncoin, Uniswap, and Furrever Token are garnering considerable attention from investors and analysts alike. Here’s why these four tokens are among the top ones to watch out for. Avalanche: The Rising Star of Scalability Avalanche (AVAX) is making significant strides in the cryptocurrency space with its high throughput, low latency,...