cryptocurrency

Ethereum single-day buy-up hits 298,000 ETH amid significant demand surge There is an increasing demand for Ethereum (ETH) on centralized trading platforms as the approval of the spot ETF drives bullish sentiment. According to CryptoQuant’s Head of Research Julio Moreno, Ethereum demand has surged significantly. Ethereum buying breaks major record As Moreno highlighted, Ethereum purchases…

The price of bitcoin is expected to skyrocket to $500,000 by the end of the decade, according to a recent report from Bernstein. In an initiation note on MicroStrategy stock, Bernstein analysts Gautam Chhugani and Mahika Sapra predict that bitcoin will rise 659% from Friday afternoon levels to reach half-a-million dollars by 2029. The driving…

A significant Bitcoin whale has just transferred $1.06 billion worth of Bitcoin from its Coinbase account. The notable transaction occurred as the price of the leading digital currency fell below $67k recently, marking a -4.31% change over the past day. According to data from on-chain analysts, the whale moved the BTC in two large batches…

Bitcoin is a type of digital currency or cryptocurrency, a medium of exchange that exists solely online. The currency broke into mainstream consciousness in 2017 as its price climbed dramatically over the year. More recently, after plummeting significantly in 2022, the crypto soared in late 2023 and early 2024 with the impending approval of Bitcoin…

In a groundbreaking move, Genesis Digital Assets Limited (GDA), a powerhouse in global Bitcoin mining, has forged a strategic alliance with YPF Luz, a branch of Argentina’s national energy firm YPF. The collaboration has given rise to a cutting-edge Bitcoin mining facility in Rincón de Los Sauces, Neuquén province. This facility is engineered to convert…

Coinbase, the largest U.S. cryptocurrency exchange by trading volume, announced today that it is rolling out support for the Lightning Network. This integration offers a faster and more cost-effective method for its users to send, receive, or pay with bitcoin directly from their accounts. Previously, bitcoin transactions on Coinbase were processed on-chain, meaning they could…

WS has ventured into the realm of cryptocurrency exchange-traded products (ETPs), unveiling two innovative strategies that mirror the performance of the leading cryptocurrencies, bitcoin and ethereum. These newly introduced Xtrackers Galaxy Bitcoin ETC Securities (XXBT) and Xtrackers Galaxy Ethereum ETC Securities (XETH) have made their debut on the Deutsche Boerse. They come with an attractive…

Federal prosecutors in Manhattan have accused KuCoin, one of the globe’s largest crypto exchanges, of violating US anti-money laundering laws. KuCoin allegedly failed to adequately vet customers, resulting in the transfer of billions of dollars in illicit funds since its establishment in 2017. According to prosecutors, the Seychelles-based exchange actively sought business from US clients…

Ethereum’s price is pushing for a breakthrough beyond the $3,500 mark, showing signs of resilience. To sustain this upward trajectory, ETH needs to surpass the critical $3,680 barrier in the short term. Ethereum is gaining momentum above the $3,500 support level, indicating growing investor confidence. The price has crossed the $3,600 mark and remains above…

With Bitcoin’s market capitalization reaching a historic high of $1.451 Trillion, investors are gearing up for potential gains well ahead of the upcoming Division. The largest cryptocurrency by market cap has shown a notable reversal in late 2023 and this trend has continued into 2024, affirming the dominance of the bullish market sentiment. The surge…