Tag Archives: social

Over the past decade or so, countries around the world have resorted to seizing cryptocurrencies. The United States government stands at the forefront, boasting crypto holdings of almost $15.27 billion. This substantial stash includes 212.847k BTC and 45.654k ETH. US Leads with Holdings of $15.27B Silk Road is perhaps the most infamous case where the US government seized approximately 144,336 BTC in 2013. Silk Road was an online black market known for facilitating the sale of...

Bitcoin’s price took a massive turn to the worse yesterday with a decline that pushed it south by about five grand in hours. The altcoins’ losses were even more significant, which is evident by the rising BTC dominance. Many meme coins dumped by over 20%. BTC’s Crash The business week was actually going relatively well for the primary cryptocurrency. The asset had a strong start on Monday when it pumped to a four-week peak of over $72,500 amid the growing demand for the spot...

Bitcoin’s price failed to overcome the $71,000 level decisively today, and the subsequent rejection pushed the asset south hard, dumping to around $65,000. The altcoins have suffered even more, with numerous double-digit losses from the likes of XRP, SOL, DOGE, TON, ADA, and many more. BTCUSD. Source: TradingViewCryptoPotato reported earlier BTC’s attempts to overcome $71,000, which had little success. The bears managed to intercept the moves and pushed the cryptocurrency...

A CryptoQuant analyst has revealed that Bitcoin (BTC) still faces the risk of a deeper price correction even as the halving event draws near. According to a Quicktake by Gaah on the on-chain analysis platform, the crypto market is still hot as it is in a dangerous price region for leveraged traders. Significant pressure could trigger a correction that would break bitcoin’s current price structure. BTC Faces Correction Risk At the time of writing, open interest for Bitcoin...

Fintech firm and stablecoin issuer Circle has announced that native USDC is now available on the leading layer 2 rollup, zkSync, thereby making it accessible to developers and users without the need for bridging. With the latest inclusion, USDC is now supported on a total of 16 blockchain networks. USDC on zkSync In its official blog post on April 9th, Circle revealed that numerous prominent ecosystem applications and DeFi protocols are anticipated to embrace native USDC on...

An anonymous cryptocurrency investor with the username “Sell When Over” on X has reported a loss of $800,000 due to two allegedly malicious Google Chrome browser extensions. The investor first raised the alarm with a post on X, revealing that they had discovered a loss of $500,000 from multiple wallet applications. Chrome Extension Attack Leads to $800k Loss “Think I got extension attacked, with two suspicious extensions that appeared on my Chrome browser,” they disclosed....

In the past 24 hours, Bitcoin (BTC) has rallied roughly 5%, surging past $72,000 in an attempt to retouch its all-time high. This upward trajectory has significantly reduced the number of addresses holding the digital asset at a loss. According to data on IntoTheBlock, there are currently zero BTC addresses at a loss as the cryptocurrency hovers around $72,600. Zero BTC Addresses at a Loss A few hours before writing time, a tweet by IntoTheBlock revealed that over 30,000...

Ethereum and its Layer 2 scaling solution, Polygon, attracted the most new users by far in the first quarter of 2024. The latest report by Flipside revealed that these two blockchain platforms have garnered the most cumulative new users among observed EVM chains since the beginning of the year. Polygon boasted 12.3 million new users, and Ethereum had 13.4 million – roughly 70% of new users this year across all observed chains as of March 27. Next up was Arbitrum, recording...

Cathie Wood has been one of the biggest proponents of Bitcoin. Interestingly, the investor’s financial company accidentally owns a Bitcoin Puppet. Arkham’s latest update revealed a fascinating twist involving the investment management firm’s inadvertent ownership of a Bitcoin Puppet valued at $15,000. The Bitcoin Puppet in question found its way into a custody wallet associated with their ARKB ETF, sparking curiosity about its origins. The Puppet’s history traces back to...

As per Coin98’s Ethereum Q1 2024 Financial Report, the blockchain network clocked in a massive surge in income statement metrics. Fees and revenue witnessed a 1.8 times increase quarter-over-quarter (QoQ), while earnings tripled over the same period. This financial momentum is essentially aligned with significant advancements in network and ecosystem metrics. Ethereum’s network recorded over 107 million transactions in Q1, accompanied by the creation of almost 9.7 million new...