Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn’t show significant upward movement within the next 14 days. According to a dashboard shared by CryptoQuant CEO Ki Young Ju, the longest time BTC took to rise was 298 days. Bitcoin achieved its highest return […]
Binance has expressed disappointment over a Nigerian court’s decision to deny bail to its executive, Tigran Gambaryan. On Oct. 11, the High Court in Abuja rejected Gambaryan’s latest bail request, citing procedural issues. The court noted that Gambaryan had an ongoing appeal against a previous bail denial, making the new application improper. Additionally, the judge […]
Bitcoin briefly fell below $59,000 last night before rebounding to reclaim the critical $61,000 level in a rapid V-shaped recovery. Historical data indicates that similar swift recoveries on a 30-minute resolution have consistently led to either higher gains or sideways trading, with few instances of further declines. Bitcoin V-shaped recovery Oct. 11 (TradingView) Last week, […]
Fitness coach and part-time crypto investor Josh Jarrett has filed a lawsuit against the US Internal Revenue Service (IRS) over its tax policy on staking rewards. In an Oct. 10 post on X, Jarrett shared that his 2021 attempt to clarify the issue was inconclusive as the IRS offered him a refund without addressing whether […]
Japanese investment firm Metaplanet has increased its Bitcoin holdings to over 700 BTC after its latest acquisition of the top crypto asset. On Oct. 11, Metaplanet confirmed the purchase of an additional 108.999 BTC for ¥1 billion. The firm acquired the Bitcoin at an average price of ¥9.17 million, roughly $61,659. This marks Metaplanet’s third […]
Bitcoin’s current market movements indicate the bull cycle remains underway, according to an analyst at CQ Korea, Crypto Dan. Posting to CryptoQuant, Dan highlights historical patterns from the 2013 and 2020 cycles, which show two rising phases where long-term investors realized profits twice before reaching a peak. Unlike 2017, which lacked a period adjustment, he argues that the […]
On Oct. 9, the US Federal Bureau of Investigations (FBI) announced it took an “unprecedented step” of creating a crypto token, NexFundAI, to catch individuals accused of manipulating crypto markets and inflating token values. However, concerns have surfaced regarding the smart contract tied to NexFundAI, with analysts pointing out potential copyright violations and the unintentional […]
Decentralized applications (dApp) registered a significant 70% surge in daily unique active wallets (UAW) between the second and third quarters, reaching an all-time high of 17.2 million, according to DappRadar’s third-quarter report. Applications tied to artificial intelligence (AI) emerged as the standout performers among the different sectors within the dApp industry last quarter, averaging nearly […]
El Salvador’s adoption of Bitcoin as legal tender in Sept. 2021 coincided with notable shifts in the country’s inflation rate. Inflation stood at 4.9% when the government first purchased 200 BTC on Sept. 6, 2021. By June 2022, inflation peaked at 7.76%, then began a steady decline to 2.6% by Jan. 2024 and further to […]
VanEck portfolio manager Pranav Kanade highlighted that memecoins have four key aspects that all teams building in crypto should mimic. Kanade made the comments on social media in response to the Token2049 panel by Murad Mahmudov on his pivot to memecoins from being a Bitcoin maxi. The panel’s thesis revolved around proposing a “memecoin supercycle” which […]