The European Central Bank (ECB) has recently come under fire by the cryptocurrency community for the publication of its paper on ‘The Distributional Consequences of Bitcoin’. The report states that the first comers to the market make their profits at the expense of the last ones, which raises the stakes ... Read more
The market cap of Bitcoin is closing in on a key level regarding the potential to shake up the rest of the cryptocurrency market. In a recent X post, Egrag Crypto pointed out that BTC dominance is in the process of retesting its breakout level which could be a big ... Read more
North America will remain the leading region of the global cryptocurrency market, with $1.3 trillion on-chain value expected to be processed within the period from July 2023 to June 2024. According to a recent report, this makes up to about 22.5% of global crypto activity. Source: Image by Chainalysis The ... Read more
According to the analytical platform IntoTheBlock, short-term traders are active in the market again, while the stake of long-term ones remains low. On Wednesday, the platform pointed to a 25% rise in the balance of short-term Bitcoin holders since September. This activity increase points towards change in behavior of the ... Read more
CryptoQuant recently reported that the open interest in Bitcoin has hit a record $19.8 billion. This increase in open interest signal a ramp up in investors’ involvement and market depth in the BTC futures and options market. Funding rates have also reached their peak positive levels since August of this ... Read more
The Hong Kong Police Force (HKPF) has effectively disrupted a major cross-border fraud syndicate from a factory style premises in an industrial building in Hong Kong. The group, including four women and nine men, used romance scams to trick victims into investing in fraudulent cryptocurrency projects and had reportedly netted ... Read more
CryptoQuant, a blockchain data analysis firm, reported that the Sharpe Ratio Risk Indicator for TON has shown a Low-Risk position for the first time in the past year. This move follows a highly fluctative year for the token with its price rising from $2 to even highs of $8 before ... Read more
In the current market, Bitcoin is behaving in a way similar to prior bull cycles. The on-chain analytics service provider CryptoQuant noted that the current price action of Bitcoin resembles the ones in 2013 and 2020 when long-term investors bought BTC during two major bull run phases before the final ... Read more
Ripple entered the crypto custody space with new services which are aimed at assisting banks and Fintech firms in safely storing digital assets on behalf of their customers. This is a significant move away from firm’s previous area of interest which is payments and its own cryptocurrency XRP. The company’s ... Read more
The federal authorities said that 18 people and companies have been indicted in a large-scale cryptocurrency market manipulation and fraud case. The charges, which were unsealed in Boston, name leaders from four cryptocurrency companies and four financial services companies and their employees as defendants. These companies have been alleged to ... Read more
