Bitcoin, the world’s largest cryptocurrency, despite the latest price hike, is finding it difficult to lure miners and prevent the exodus. For many operators, Bitcoin mining was an astonishingly lucrative activity, with gross margins sometimes as high as 90%. Alas suddenly, things have changed. First of all, Bitcoin’s price has plunged – from its peakContinue reading “Bitcoin miners sold nearly 400% of their production in June but…”

Ethereum [ETH] has seen its price action hike following the latest hype around the Merge. This is significant, especially since it always had a tentative timeline in the first place. ETH gained by 12.80% over a 24-hour period, soaring past $1,200 on CoinMarketCap. Also, the total value locked (TVL) across various DeFi apps jumped byContinue reading “stETH-ETH Curve pool transactions show a buying spree for ETH despite…”

The cryptocurrency community has witnessed a fair share of drama unfold over the years. 2022 didn’t fall short in living up to this ‘grabbing headlines’ or ‘making heads turn’ narrative either. Here’s the latest gossip or so-called rumour for the day… One of the world’s biggest cryptocurrency exchanges, Coinbase is seeing a liquidity crisis followingContinue reading “Debunking the ‘I smell a liquidity crisis’ narrative for Coinbase”

Different speculations around the Cardano [ADA] Vasil hard fork have been circulating in the crypto space for the last month. Fair to say, the Cardano community has been buzzing with excitement. Nonetheless, ADA’s price failed to showcase the same enthusiasm despite a number of attempts to climb up the price charts. Different day, the sameContinue reading “Cardano’s new impressive developments ft. same old problem”

The entire cryptocurrency market seems to be recovering at a slow pace after an immense sell-off period. MATIC has been one of those coins which have successfully made its investors happy over the past few days. The altcoin has seen unprecedented gains coming its way. Exploring the reasons The Ethereum scaling platform, Polygon, once knownContinue reading “Why MATIC is siding with bulls to register ‘Disney’ gains”

Crypto lending platform Celsius has created many headlines across the crypto space over the past two months. In the latest development, Celsius closed off the last of its DeFi debts that it owed Compound, Aave, and Maker. 0° Celsius Celsius Network further went ahead and officially filed for Chapter 11 bankruptcy. On 14 July, theContinue reading “The A-to-Z of Celsius filing for bankruptcy after closing off all debts”

Ethereum [ETH], the largest altcoin, remained in a bearish zone as it stood below the $1,150 support zone, at press time. It suffered a fresh 2% correction as it traded closer to the $1,000 mark at the time of writing. ETH’s prices have been trading within a range for quite some time now. But areContinue reading “Ethereum: The yin-yang of Merge and ETH’s negative price action”

The entire cryptocurrency market has been registering selling pressure while the discovery of the ‘bottom’ continues. Amid the bearish price action, more than 62,000 traders were liquidated in the last 24 hours of 13 July as per data from CoinGlass. Additionally, over $180 million was liquidated over the same period. Battle of the bears TheContinue reading “Bitcoin faces greater downside risk than Ethereum- Here’s why”

The current state of the cryptocurrency market can be best described with the help of falling dominoes. First, it was the collapse of the algorithmic stablecoin TerraUSD [UST], sowing turbulence in the broader market. Then its the grown-up cousin Tether [USDT] that wavered from the peg, fueling concerns over its status as a place toContinue reading “Tether [USDT]: Whales and what a new 3-year low means for the stablecoin”

Cardano [ADA], the eighth-largest cryptocurrency, has showcased some vital signs of life in the past two weeks. Kudos to the developments across the network that really triggered investors’ confidence. However, that being said, the network’s native token, ADA, didn’t quite show the same enthusiasm. At press time, ADA was trading around the $0.46 mark afterContinue reading “Can Cardano [ADA] see a 140% rally in a few months?”

Cryptocurrency investors have been withdrawing Bitcoin [BTC] from cryptocurrency exchanges at the most aggressive rate in history. Here, the total exchange outflows in June peaked at 151,000 BTC, worth over $3 billion. Meanwhile, the number of active addresses plunged by 13% since November 2021. As of 4 July, this number stood at 870,000. Not justContinue reading “Bitcoin [BTC]’s hashrate and what its fall means for miners and their shutdown price”

The lawsuit between the American regulators (SEC) and the San Francisco-based fintech firm Ripple continues to see new developments. This time the topic of discussion is Amici Curiae, which John E. Deaton filed for. He further asked the U.S District Judge Analisa Torres to consider the views of XRP holders. Since then, both sides tookContinue reading “SEC v. Ripple: Is the regulator moving to strike every single witness?”