Tag Archives: social

In the face of a rising tide of scams and exploits, even CertiK, a security firm that specializes in comprehensive security for blockchains, smart contracts, and Web3, is not immune. Scammers are targeting users by fraudulently latching on the company’s brand, which is dedicated to ensuring the security of digital assets and decentralized technologies. In the latest blog post, CertiK revealed that it is facing a myriad of challenges beyond its primary focus on auditing. Among...

Analysts at market intelligence platform CryptoQuant have revealed that BTC’s price bottoming signal can not be triggered until unrealized profit margins for short-term holders reach -10%. According to the CryptoQuant Institutional Insights weekly crypto report, short-term holders’ profit margins have approached zero, and this has caused ease in selling pressure. However, the leading digital asset is yet to call a price bottom. BTC Falls Below $40K Earlier this week, BTC fell...

The past week saw somewhat of a rollercoaster in terms of price action as Bitcoin’s decline sent ripples across the entire market. Now, however, the primary cryptocurrency is attempting a recovery, which has also treated altcoins well, many of which chart increases in the past 24 hours. Bitcoin Price Shoots to $42K At the time of this writing, Bitcoin’s price is trading at around $41.5K, charting an increase of 3.4% in the past 24 hours. This came after a sudden upward move...

Ethereum’s Shapella hard fork was a controversial upgrade that ignited fears of selling pressure. But the latest data tells a different story. In January 2024, Intotheblock’s data revealed the highest Ethereum staking rate, reaching approximately 30 million ETH staked, accompanied by a staking participation rate of over 24%. This milestone suggested a preference for staking over promptly selling off tokens. Ethereum locked-in staking keeps surging, while only 11% of the token...

A recent study by CoinGecko reveals that over 50% of all cryptocurrencies listed on the platform since 2014 have met their demise. Of the 24,000+ cryptocurrencies listed on CoinGecko since 2014, 14,039 have been deemed ‘dead’ or ‘failed.’ Most Dead Coins Linked to 2020-2021 Bull Run The study, which analyzed the fate of these digital assets, provides insights into the patterns of cryptocurrency failures over the years. Most of these dead ones originated from projects launched...

Roughly a week after the United States Securities and Exchange Commission (SEC) approved the first wave of spot Bitcoin exchange-traded funds (ETFs), BTC investor demand in the country has slumped. According to a weekly report from market intelligence platform CryptoQuant, the weak BTC demand from U.S. investors is evident in crypto exchange Coinbase’s premium turning negative for the first time in 2024 amid high selling activity from short-term holders. BTC Investor Demand...

Bitcoin’s untypical lack of volatility continues as the asset has failed to move during the weekend from the $41,500 mark. Most altcoins are also quite sluggish now, with minor gains seen from the likes of ETH, SOL, XRP, BNB, and ADA. BTC’s Stagnation Continues The ETF approvals from last week came amid enhanced volatility that saw BTC going up and down by several thousand dollars. The peak came on Thursday when the products reached the US financial markets, and Bitcoin...

Crypto market analysis platform CoinGecko has provided a breakdown of the industry’s growth in 2023 amid optimism and anticipation about several events this year, including the recent approval of spot Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving. According to the report, the market witnessed substantial growth in several areas, including decentralized finance (DeFi), non-fungible tokens (NFTs), centralized exchanges (CEXs), and decentralized exchanges...

Increasing interest rates, regulatory actions, financial insolvencies, and instances of fraud have significantly contributed to shrinking the overall digital asset economy in the past year. The world’s second-largest stablecoin – USDC – wasn’t immune to these forces either. The total circulating supply has declined from approximately $45 billion to about $25 billion by the conclusion of November 2023. The rise in interest rates in conventional markets elevates the opportunity...

El Salvador made history by becoming the first nation to embrace Bitcoin as a legal tender more than two years ago. Although the country’s financial outlook has seen positive developments, a recent study carried out by José Simeón Cañas Central American University unveiled a mixed sentiment regarding the correlation between the adoption of Bitcoin and perceived improvements in personal well-being. Mixed Feelings According to the survey, 12% of the local population in El...