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It was a pretty eventful day in the world of cryptocurrencies. As of 3:00 p.m. ET, the overall cryptocurrency market has fallen 3.9% in the past 24 hours. Bitcoin (Cryptocurrency: BTC), Ethereum (Crypto: ETH)and dogecoin (Code:Doge) Lead the way down the lower path. These three major tokens have fallen by 4.5%, 5.1%, and 7% over the same period, outpacing the overall market losses.In the world of cryptocurrencies, these three are among the hottest cryptocurrencies due to their importance to a wide range of investors. Bitcoin and Ethereum are considered benchmarks in this sector, as the world's largest and second largest…
Long-term Bitcoin (BTC) holders are starting to trade their coins to new investors entering the market, according to on-chain analytics firm Glassnode. In a new report, Glassnode states that Bitcoin's recent move to price discovery above all-time highs has tempted holders who had made much more money to distribute to a newer set of investors. ing. According to Glassnode, the company uses a realized cap metric that aims to record the price of each coin and measure how many holders are making profits or losing money, but the metric is currently at an all-time high. “As a result of this,…
A recent report by Coinbase drew attention to the burgeoning restaking sector within Ethereum’s DeFi landscape and pinpointed a series of potential risks that may accompany its growth.Restaking has quickly become an important part of Ethereum's infrastructure, but concerns have emerged around financial and security vulnerabilities.try againRestaking involves validators earning rewards for securing certain network services, specifically within the EigenLayer protocol, which currently boasts $12.4 billion in Total Value Locked (TVL). is attracting a large amount of investment.This mechanism facilitates the proliferation of Liquid Restaking Tokens (LRTs), which represent tradable assets stored in protocols such as EigenLayer and Ether.Fi.Coinbase’s analysis…
With less than three weeks left until the Bitcoin halving, speculation continues unabated about what will happen to Bitcoin's price once block rewards to miners are halved. While some companies have shared glowing predictions about the potential for price increases, crypto exchange Coinbase is urging investors to be cautious. “When you read the fine print and safe harbor language in materials from institutional sources, the first language you see is [in] “Past performance is not an indicator of future success or performance,” said John O'Lauren, Managing Director, Coinbase Asia Pacific (APAC). Decryption. “So I think that’s really our approach in…
The U.S. government acquired 30,175 BTC, worth approximately $2 billion at the time. coinbaseThe transfer took place during a time when Bitcoin prices were falling significantly, hitting a weekly low of $64,500. However, a little later, the cost of the cryptocurrency gained support above $65,000. This move was brought to the attention of the crypto community by on-chain detective ZachThis massive transaction represents government self-righteousness and begins with a test transfer of 0.001 BTC ($69) to a designated Coinbase address. The transaction hash and Coinbase deposit address are public, reflecting the openness of the transaction. The decision has garnered attention…
This year, the cryptocurrency market continued to expand its capital, reaching an incredible $2.67 trillion in size. Meme coin as a new trend in digital currency maintains its trend and shows a positive change of more than 600% in average price. The sector has already attracted $68.3 billion, and many investors do not believe in the possibility of future losses. However, there are some meme coins that will be sold in April that require special caution as they can lead unwary holders to bankruptcy. Dogecoin (DOGE-USD) Source: siberian_horse / Shutterstock.comCreated by Billy Marcus and Jackson Palmer dogecoin (Doge-USD), they planned…
A cryptocurrency crash is an unexpected, sudden, and short-term market crash, usually caused by algorithmic trading programs. What is a flash crash in cryptocurrencies? In the cryptocurrency market, “flash crashes” occur, where crypto assets drop significantly and then quickly rebound in a short period of time. This was the case in 2017 when the Ethereum token (ETH) price plummeted from over $300 to $0.1 in a matter of minutes on the GDAX exchange. A similar case occurred when Ethereum fell by nearly 50% due to a rise in the US consumer price index (this led to a significant sell-off by…
While Ethereum is facing minor setbacks in the crypto world, one project has shown resilience and is all set for success: HLX token presale by Healix protocol. Although market fluctuations can cause uncertainty, the HLX token pre-sale continues to thrive, providing investors with a glimmer of opportunity amid the recent Ethereum selloff. Let's take a closer look at why the HLX token presale remains an attractive investment option in today's ever-evolving cryptocurrency environment. HLX Token Presale: Lighthouse of Resilience Despite Ethereum’s gradual decline this week, the HLX token pre-sale is a testament to resilience and unwavering determination. Leveraging Healix Protocol's…
Federal authorities are changing their moves Bitcoin Another hiding place. On Tuesday morning, a wallet tagged as belonging to the U.S. Department of Justice began moving parts of it, according to blockchain data. BTC holdings worth $2 billion were sent to an address that appears to belong to the cryptocurrency exchange Coinbase. Pseudonymous Blockchain Analyst ZachXBT Said Twitter/X reported that the funds were moved to a Coinbase deposit address. A small test transaction of 0.001 BTC (approximately $69) was sent, followed by approximately 2,000 BTC ($131.27 million).Arkham Intelligence, which tracks blockchain data, has a US government-labeled address on its platform.that…
The US government has transferred 30,174 Bitcoins worth $2.1 billion seized from Silk Road to Coinbase. A wallet tagged as belonging to the U.S. government was observed transferring money Tuesday morning. JUST IN: 🇺🇸 US Government Remittance 30,174 #bitcoin $2.1 billion worth of money seized by Coinbase from Silk Road.— Watcher.Guru (@WatcherGuru) April 2, 2024 The US government has not yet confirmed this Bitcoin transaction. The last known sale by the government was in March 2023, when 9,861 coins were sold for $216 million. Moreover, if confirmed, this time's sales will be significantly larger than the last. By way of…