Category: Analysis
Cryptocurrency Analysis
BUSD Active Addresses Decrease Following Regulatory Crackdown
Binance-branded stablecoin BUSD has suffered a sharp drop in active addresses due to the regulatory attack mounted by US authorities. Data from Glassnode shows the…
Research Firm Galaxy Predicts Bitcoin NFT Market to Reach $4.5B by 2025
Research company Galaxy released a report on Friday suggesting that the Bitcoin NFT ecosystem, which was practically non-existent a few months ago, could hit $4.5…
BTC and the Entire Market Goes in the Red Following key Inflation Data Report
Bitcoin price dropped Sharply on Saturday, dragging the entire market with it following the release of key inflation data yesterday, which seemingly rattled crypto investors….
Dogecoin Price Surges After New Elon Musk Tweet
In what is becoming the norm in the crypto sphere, Elon Musk continues to influence crypto prices. In the latest case, Elon’s tweet has led…
HIVE Increases BTC Production Amid Ongoing Crypto Winter
A recent report shows crypto mining firm HIVE increased Bitcoin production in the final quarter of 2022, despite the prolonged crypto winter and the closure…
Blur Outshines OpenSea as Ethereum NFT Trading Soars
Data from Dappradar shows that the NFT marketplace, Blur, generated over $450 million in Ethereum NFT trades over the last seven days, representing a 360%…
Will Bitcoin Keep Struggling in 2023? An Expert’s Forecast
A single glance at the price history of cryptocurrencies shows us that the digital asset economy isn’t performing well. This data includes Bitcoin, the number…
Voyager Transfers Over $3.3M in Shiba Inu to Coinbase, What’s Happening?
Peckshield, a blockchain security firm, reports that Bankrupt crypto firm Voyager recently transferred to Coinbase over 245 billion Shiba Inu tokens, estimated to be worth…
This Week in Crypto: BTC and ETH Continue to Post Losses
As things stand, it looks like crypto fans would have to keep waiting for a Bitcoin bull run. Most of the top ten tokens have…
Lebron James NFTs are Flying After He Broke an NBA Scoring Record
NBA superstar LeBron James became the NBA’s all-time top scorer in midweek. Since then, his NFTs on NBA Top Shot have seen increased sales. According…
OnChain Monkey NFTs Surged 105% After Creator Puts Them on Bitcoin
Since the launch of the Ordinals protocol, Bitcoin-based NFTs have attracted significant attention from NFT enthusiasts, with high-value sales recorded on Thursday. That said, a…
Greed Index Soars, BTC Thrives: Future Unknown
The latest update from the Fear and Greed Index paints an exciting picture, with Bitcoin remaining in the Greed zone for the past 13 days….
Giannis Antetokounmpo NFT Breaks Record After Selling for $186k on Sorare NBA
An NFT-powered basketball game, Sorare NBA, set a new record on Monday when a single NFT of basketball star Giannis Antetokounmpo changed hands for $186,000…
SEC Filing Shows Tesla Suffered $135M BTC Loss
According to its filing with the US Securities and Exchange Commission (SEC), Tesla, an electric car manufacturer, registered a $135 million impairment charge stemming from…
SEC Chair Explains Three Ways to Identify a Crypto Scam Project
Many find it difficult to spot a crypto scam, but the Securities and Exchange Commission (SEC) Chairman Gary Gensler says it’s easier than it might…
Several Crypto Analysts Call Recent Rally in Crypto Prices a Bull Trap
The recent upward movement in most cryptos like Ethereum and Bitcoin has prompted debate among crypto analysts. Some believe a market rebound is forthcoming, while…
Bitcoin Surges Past $22,600 for the First Time Since Last August
On Friday afternoon, the crypto market saw another pump as Bitcoin traded above $22,600 for the first time since August 2022. Moreover, other top cryptocurrencies…
Chainalysis Reports Reduced Ransomware Payments in 2022
Chainalysis, a blockchain forensic company, released a report on Thursday indicating that Ransomware payments had declined by 40% in 2022 compared to the year before….
Whales Are Buying Up Bitcoin Preparing For A Bull Run
The current price of Bitcoin and other tokens is quite close to the lowest value that many optimists predict. While the worst-case scenario says that…
El Salvador Will Become One Of the Richest Countries In the World Due To BTC, Says Tim Draper
Tim Draper, a venture capitalist, says that the primary cryptocurrency will potentially enlist El Salvador among the richest countries across the globe, signifying that it…
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