Author name: Peter

Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence

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Monero Faces 32% Value Slash as Binance Cuts Ties With Privacy Coin Monero (XMR), the leading privacy-focused cryptocurrency, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Binance, the globe's leading cryptocurrency exchange by trade volume, announced the delisting of monero, along […]

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Onchain Bitcoin Fees in 2024: A Closer Look at Transaction Costs and Delays

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Bitcoin Network's Average Transfer Fee in 2024 Data collected over the past 36 days reveals that the average transfer fee on the Bitcoin network has consistently been above $3.68. Even for median-sized transactions, the costs have not dropped below the $1.67 mark. As of February 6, 2024, there is a significant backlog of 221,799 transactions

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Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App

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Vast Bank Closes Cryptocurrency App, Exits Digital Asset Market Amid Regulatory Pressures Vast Bank, headquartered in Oklahoma, United States, has announced its departure from the cryptocurrency market, coupled with the closure of its crypto mobile banking application. This decision, effective as of Jan. 31, marks a shift in the bank's operational focus. Introduced in 2021,

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Bitcoin Emerges as Preferred Investment Over Gold, Asserts Cathie Wood

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Investors Favor Bitcoin over Gold, Says Cathie Wood ARK Invest's CEO, Cathie Wood, has observed a notable shift in investment preferences, with a growing number of investors favoring bitcoin over traditional gold investments. This trend has become more prominent with the introduction of spot bitcoin ETFs, which have made it easier for investors to access

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Blackrock’s Ishares Bitcoin Trust (IBIT) Emerges as a Top Bitcoin ETF

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Rapid Rise in Inflows Blackrock's Ishares Bitcoin Trust (IBIT) has quickly climbed the ranks of the exchange-traded funds (ETFs) market, securing a position among the top five in terms of 2024 inflows in just 17 days. This remarkable achievement highlights the increasing investor interest in cryptocurrency as a legitimate asset class. Impressive Performance Within a

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Paradigm Supports Kalshi in Legal Battle Against CFTC Over Election Prediction Platform

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Investment Firm Paradigm Backs Kalshi in Lawsuit Against CFTC Investment firm Paradigm has shown its support for prediction market platform Kalshi in its ongoing legal dispute with the Commodity Futures Trading Commission (CFTC). The disagreement stems from the CFTC's rejection of Kalshi's proposed market, which allows participants to speculate on the outcome of U.S. Congressional

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Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market

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Bitcoin continues to exhibit resilience in the face of market fluctuations, with its price settling at $42,902 to $43,091 in the last hour. This represents a modest uptick of 0.4% in the past 24 hours. The growth of 0.7% this week and a 6.8% increase over the past two weeks highlight the ongoing range-bound dynamics

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Quantum Cats NFT Collection Surges in Value and Dominates Secondary Market Trade Volume

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Quantum Cats Floor Values Soar to New Heights Since the launch of Taproot Wizards' Quantum Cats non-fungible token (NFT) series, there has been a significant increase in trading volume and the collection's minimum value in the secondary market. Initially priced at 0.1 bitcoin each, the lowest value of Quantum Cats NFTs now hovers around 0.303

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Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself ‘World’s First Bitcoin Development Company’

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Microstrategy Now Holds 190,000 Bitcoins Nasdaq-listed Microstrategy, a publicly-traded operating company, has further increased its cryptocurrency holdings to 190,000 bitcoins. This marks an acquisition of an additional 31,755 bitcoins since the end of the third quarter. The company's commitment to the continued development of the Bitcoin network has led it to describe itself as "the

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