Crypto news

Bitcoin hash rate continues to chart astounding record highs just weeks before the fourth halving. Meanwhile, critics worry Bitcoin mining could be hazardous to the environment. That hasn’t stopped the price from soaring to a multi-year record high of $46,670, 67% of its historical all-time high price of $69,000 in November 2021. However, according to a recent analysis by the U.S. Energy Information Administration, Bitcoin miners in the United States alone use as much...

Bitcoin’s (BTC) price has recovered after plunging to an undervalued territory a week ago. Amid the price fluctuations, the asset’s demand has remained positive. A weekly report from on-chain analytics platform CryptoQuant shared with CryptoPotato revealed that BTC’s price may have bottomed as its latest descent crushed the short-term holders’ unrealized profit margins to 0%. Bitcoin Reaches Undervalued Territory On January 23, bitcoin touched a two-month low of $38,000,...

Binance, the world’s largest crypto trading platform, has announced the launch of a marketplace for inscription tokens to facilitate the buying, selling, and minting of a wide range of such assets. According to a press release seen by CryptoPotato, the Binance Inscriptions Marketplace leverages the application programming interface (API) of UniSat, a Bitcoin inscriptions market and wallet provider, and is hosted within the Binance Web3 Wallet. Binance Launches Inscriptions...

A recently released study by Bitget focusing on the upcoming Bitcoin halving event indicated a positive outlook as market conditions continue to recover. With the Bitcoin halving scheduled for April 2024, investors across the world are carefully analyzing its potential impact on their investment decisions. The research involved a diverse array of contributors hailing from West Europe, East Europe, South East Asia, East Asia, MENA, and Latin America, comprising a total of...

Hester Peirce, a commissioner for the United States Securities and Exchange Commission (SEC), has expressed her disagreement with the agency’s denial of a petition to amend a rule that prevents defendants from denying any allegations in settlement enforcement actions. According to an official statement from the commissioner, popularly known in the digital asset community as “Crypto Mom,” the prohibition of denials from defendants prohibits the American public from lodging...

The Indian crypto industry is seeking parity, urging fair regulations against foreign exchanges exploiting regulatory gaps amidst dwindling market share for local exchanges while investors face legal uncertainties. With unstable banking ties hindering operations, the sector is currently grappling with hurdles. However, India’s finance minister, Nirmala Sitharaman, refrained from providing any updates on the regulation and taxation of crypto during her interim budget address...

The US Securities and Exchange Commission made history in mid-January when it finally approved nearly a dozen spot BTC ETFs to launch on local exchanges after a decade of delays and rejections. There was a big price run-up ahead of the approvals that resulted in a highly positive Q4 ’23 for BTC. However, the landscape changed on the day the ETFs launched in the US, and Bitcoin slumped by over ten grand in the following weeks. Has the asset finally bottomed? The ETF Aftermath...

TL;DR Solana-based meme coins such as Bonk Inu, dogwifhat, and Myro have gained popularity, with their ability to outperform Dogecoin depending on technological advances, community growth, and market acceptance. Their success is closely tied to SOL’s performance, which has recently rallied substantially. What are the Odds? Solana-based meme coins, such as Bonk Inu (BONK), dogwifhat (WIF), and Myro (MYRO), have taken center stage as of late, charting explosive gains and...

Multiple altcoins with relatively large market capitalizations are going to see token unlocks in the upcoming days. These events are normally associated with fluctuating prices because of the shift in the dynamics of supply and demand. However, it’s worth noting that the entities behind them have been through multiple of these in the past years, and cushioning the impact on the market seems likely. Starting off with the first one on our list – Aptos (APT). Data from Token...

Bitcoin’s price actions in the past several days have been quite uneventful, with little to no movements after last week’s recovery from the sub-$40,000 dip. However, data from Santiment shows that some of the largest investors have been using this moment to move sizeable portions of their holdings. ? #Bitcoin is ranging between $41K and $44K, but whale wallets are moving big this week: ? Number of 1K-10K $BTC Wallets: 1,958 on Feb. 1st (Most since November, 2022)? Number of...