Author: finance
In the midst of market volatility, Bitcoin continues to attract investors. However, one segment of investors – those holding over 100 BTC – is shrinking, according to on-chain data. The Decline in Bitcoin Wallets Holding Over 100 BTC Santiment, a firm specializing in on-chain analytics, recently discussed the ongoing adoption of Bitcoin in their online post. The pivotal indicator in this discourse is the ‘Supply Distribution’, which sheds light on various aspects of Bitcoin holdings, particularly the categorization of investors as per their digital wallet balance. Investors are grouped into cohorts depending on their current balance. For instance, the cohort…
In an exciting development within the cryptocurrency sector, the Brazilian fintech firm and publicly listed entity, Méliuz, has opted to invest 10% of its cash reserves in Bitcoin. This significant move positions Méliuz among an escalating cadre of corporations globally that recognize Bitcoin as more than a fleeting, speculative asset. Méliuz Makes a $4.1 Million Bitcoin Investment As per a recent report by Reuters, Méliuz’s Board of Directors green-lit an alteration to the corporate treasury policy to include Bitcoin as part of their financial strategy. Subsequently, the company procured 45.72 BTC, worth $4.1 million — an acquisition that locked the…
Delving into the realm of cryptocurrency, we often find ourselves face to face with unpredictable risks. The story of a meme coin launchpad falling victim to a significant security breach is an alarming example. Thousands of dollars in cryptocurrency vanished in an apparent insider attack on the platform known as Pond.fun, based on Linea. The theft in question is estimated to be around 64.8 Ether, currently valued at approximately $230,000. But what makes this incident more intriguing is the alleged involvement of an insider – the project’s lead software engineer. Project Lead Suspected of Orchestrating the Breach The orchestrator of…
As you dive into this article, you will be drawn into an intriguing story about a recent incident in the world of cryptocurrency. Packed with information and analysis, and optimized with SEO techniques, you will discover how an online account impersonated Hong Kong’s Chief Executive, John Lee Ka-chiu, and launched a phony national cryptocurrency on Solana’s token platform, Pump.fun. Fake National Cryptocurrency of Hong Kong Debunked In a captivating turn of events, an account operating under the pseudonym “JohnLeeKa_Chiu” announced the “National Hong Kong Coin” (HKONG) on a notorious platform. The imposter claiming to be the Chief Executive hailed this…
In an impactful move that sent ripples through the cryptocurrency world, former US President Donald Trump introduced an executive order on March 7, which saw the creation of the Strategic Bitcoin Reserve (SBR) as well as a “Digital Asset Stockpile”. Both of these initiatives are to be initially funded with cryptocurrencies confiscated through government-initiated criminal and civil forfeiture operations. This move, however, led to a swift reaction in the market, with the price of Bitcoin (BTC) dropping roughly 7% from $91,200 to $84,667. This instantaneous drop was perceived by many observers as a conventional “sell the news” moment. On the…
Let’s dive into the world of Decentralized Finance (DeFi), a domain where blockchain technology is disrupting traditional financial systems by leveraging smart contracts to offer these services without any central control. A recent analysis of this landscape by Franklin Templeton, a global investment firm, points the spotlight at a surging contender, Solana, pitted against the historical market frontrunner, Ethereum. This comparative analysis, Solana vs. Ethereum DeFi, is as informative as it is intriguing. Insights into Solana and Ethereum in DeFi Pioneering the DeFi sector, Ethereum has long held sway. It has provided a deep liquidity pool, facilitating a massive level…
The world of decentralized finance continues to witness unprecedented growth, with key industry players like World Liberty Financial (WLFI) leading the charge. The digital asset platform, rumored to be backed by renowned business tycoon Donald Trump, has stepped up its cryptocurrency holdings noticeably in March 2022. This came via a substantial boost in its Ethereum (ETH), Wrapped Bitcoin (WBTC), and Movement (MOVE) tokens. An Overview of WLFI’s Crypto Portfolio The latest data from Arkham Intelligence indicates that WLFI’s total cryptocurrency portfolio is estimated at a whopping $79.26 million. However, amidst current market turmoil, there has been a shrinking in value…
In the realm of cryptocurrency trading, Ethereum (ETH) has recently piqued the interest of market watchers, following substantial market activity over the past weekend. This activity has led to the creation of two Chicago Mercantile Exchange (CME) gaps valued at $3,000 and $2,600 respectively. Crypto analyst Ted predicts the potential for an imminent short squeeze that could drive the digital asset’s value further up, possibly leading to the fill of these CME gaps. Could a Short Squeeze on Ethereum be on the Horizon? Over the course of the last two weeks, Ethereum has experienced a $70 billion decrease in its…
As the world of cryptocurrency continues to evolve, the unpredictability of Bitcoin (BTC) remains a point of intrigue and investment. With the constant flux in the market influenced by external factors such as political decisions or trade wars, Bitcoin’s volatility provides a dynamic investment opportunity. At times, the cryptocurrency market can go through drastic changes, losing or gaining significant value in a matter of days. As of now, Bitcoin sits on the precipice of another possible surge, driven by potential strategic decisions from the Trump administration. Today, we will delve into this speculative premise and its potential impact on Bitcoin’s…
In recent months, the world of cryptocurrency has borne witness to the tumultuous journey of Ethereum (ETH), the globe’s second-leading cryptocurrency in terms of market capitalization. Its performance in the beginning quarter of the year was marked by a sharp drop of over 30%, with the crypto asset settling at $2,261 at the time of writing. ETH Market Recovery Despite the pronounced dip, Ethereum managed to recover nearly 9% following the sell-off on March 4, clawing back some of its losses. The swift decline came on the heels of a short-lived rally sparked by Trump’s momentous announcement on March 2…