Tag Archives: AA News

Ethereum (ETH), the second largest cryptocurrency, has failed to reclaim the $3,000 price mark since early August. However, things could begin looking positive for the asset once again. An analyst from the blockchain analytics platform CryptoQuant has shared a chart explaining how a continued cash inflow into the Ethereum futures market could elevate the biggest altcoin. Source: CryptoQuantFunding Rates to Drive ETH’s Price Rebound According to the analyst, the perpetual...

Ethereum used to dominate almost all non-Bitcoin blockchain sectors in the industry but has gradually lost some of its grip over certain markets to competitors like Solana. VanEck’s research department, MarketVector, decided to delve deep into the battle between the two layer-1 behemoths to see what’s what. Solana Vs. Ethereum The report, authored by Martin Leinweber, highlights some major differences between the two. In some cases, such as the number of transactions, daily...

Sources familiar with the living arrangements of the Metropolitan Detention Center (MDC) in Brooklyn have revealed interesting facts about two popular inmates. The recently arrested American rapper and celebrity Sean Combs, popularly known as Diddy, is in the same cell with Sam Bankman-Fried (SBF), the convicted founder of the bankrupt crypto exchange FTX. According to a New York Times report, Combs and SBF live in the same unit with other high-profile inmates, including...

According to a Sept. 23 report by tech outlet The Information citing ‘people familiar with the matter,’ the blockchain prediction platform is in talks to raise $50 million in funding. The New York-based company is also considering issuing its own token to run its betting market, with potential funding round investors receiving warrants to buy these coins, according to the report. Polymarket would use the token “as a way for users to validate the outcome of real-world...

A group of Republican lawmakers, headed by Rep. Patrick McHenry and Sen. Cynthia Lummis, have raised concerns over the Securities and Exchange Commission’s (SEC) approach to regulating crypto custody. In a letter addressed to SEC Chair Gary Gensler, the lawmakers demanded the agency “rescind” its Staff Accounting Bulletin No. 121 (SAB 121). Critique of SAB 121 The letter, shared by Fox reporter Eleanor Terrett via an X post, highlights several issues with SAB 121. The...

The yellow metal recently broke past the $2,630 mark, registering a new record high, but Peter Schiff, the well-known gold advocate, is concerned that investors aren’t paying attention. According to him, the market’s obsession with Bitcoin (BTC) has overshadowed the critical signals gold is sending about the state of the economy. Schiff Decries Bitcoin Attention “With so much attention focused on Bitcoin, investors are missing out on gold’s gains and the significance of its...

A dormant bitcoin whale address was reactivated earlier today, according to data from Arkham Intelligence, and has moved 5 BTC to the crypto exchange Kraken. This was their third BTC transfer in the past few weeks after being silent for a decade, said the popular resource. Arkham data shows that the wallet received the bitcoin stash during BTC’s first couple of months of existence, meaning that it had to be somewhere between January and March 2009, given the network’s launch...

Bitcoin’s (BTC) price is currently on an upward momentum, and there is a chance the crypto asset could surge higher, according to on-chain data. A report from the pseudonymous CryptoQuant analyst Avocado revealed that several on-chain support levels suggest a positive turning point for BTC in the long term, indicating that the cryptocurrency is still in its bull season. Positive Outlook for Bitcoin Avocado said these on-chain data points have reached their average support...

Ki Young Ju, the CEO of blockchain analytics firm CryptoQuant, has expressed his support for former Binance CEO Changpeng Zhao (CZ) as his four-month prison sentence nears its conclusion. Zhao began serving his sentence in June 2024 after admitting to breaches of the US Bank Secrecy Act (BSA). Ki Young Ju’s Statement His guilty plea involved not preventing money laundering on Binance, resulting in a $4.3 billion penalty for the company and a $50 million fine for Zhao himself....

A cryptocurrency trader has made headlines by securing a profit of $131.72 million through a strategic investment in Ether (ETH). This notable trade was made during the 2022 bear market, after which the individual held onto the assets through volatile market conditions. The Investors Strategy Blockchain analytics firm Lookonchain has identified an Ether address that made a $131.72 million profit after investing during the 2022 bear market when others were losing confidence...