Recovered from the SITE123 blog, Aug 2026. Imported as drafts for review.
An investor sees Cardano as a standout contender in the upcoming bull market, drawing parallels to its impressive performance in previous crypto rallies. Highlighting Cardano’s unique security features, which blend the strengths of Bitcoin and Ethereum, along with the anticipated listing of its native tokens on major exchanges, he anticipates significant potential for growth. Regarding … Read more
Avalanche (AVAX) recently surpassed the upper boundary of a descending channel on May 13, leading to an approximately 10% increase in its price. Yet, indications from on-chain data hint at a potential downturn in demand for the altcoin throughout the past week. Whales in Avalanches Try to Stay Out of Trouble The 25th-largest cryptocurrency by … Read more
According to Luxor Technology’s HashRateIndex on May 29, Bitcoin’s seven-day hashrate reached an unprecedented 659 exahashes per second (EH/s), marking a notable 13.6% increase from its post-halving low of 580 EH/s. Additionally, Bitinfocharts reported that the average network hashrate hit a record-breaking 732 EH/s over the weekend. This surge in network power implies added challenges … Read more
The latest Harris Poll survey commissioned by Grayscale indicates a noteworthy change in voter attitudes towards cryptocurrency. Almost half of American voters intend to incorporate crypto into their investment strategies, underscoring its increasing significance in the context of the upcoming 2024 US Election. Investment Views and the Effect of Inflation Sixty-five percent of Bitcoin owners … Read more
A crypto trader who suffered a significant loss of over $2 million during the previous market cycle by investing in Shiba Inu (SHIB) at its peak and selling at the bottom has now made a notable move by purchasing $1 million worth of PEPE. According to Lookonchain’s recent report posted on May 29, the trader’s … Read more
A notable development is unfolding in the cryptocurrency realm as the Volatility Shares 2x Ether ETF (ETHU) is set to commence trading on June 4. This milestone marks the debut of the first leveraged ether (ETH) ETF in the United States, following the green light given to a leveraged bitcoin ETF roughly a year earlier. … Read more
Crypto analyst Ali Martinez has been examining technical indicators in Dogecoin (DOGE) and VeChain (VET), suggesting potential signs of a price upswing. Martinez notes that DOGE has faced significant resistance, keeping its price range narrow. Data from IntoTheBlock indicates a concentration of buying activity for DOGE between $0.166 and $0.171, with approximately 75,500 addresses acquiring … Read more
Kroo, a London-based challenger bank, has implemented a ban on crypto transactions to safeguard its customers’ accounts and funds, effective from May 30, 2024. The updated terms and conditions state that the bank will no longer process bank transfers or card payments associated with crypto asset providers. Additionally, Kroo has announced plans to freeze or … Read more
Semler Scientific, known for its early detection products for chronic diseases, experienced a remarkable 42% surge in its stock value after announcing a substantial investment in Bitcoin. The company purchased 581 Bitcoins for $40 million, echoing the strategy employed by MicroStrategy, a move that drew attention from industry observers. Eric Semler, the chairman of Semler … Read more
Argentine officials have downplayed rumors of the country fully embracing Bitcoin following routine talks with El Salvador on digital asset regulations. The recent discussions sparked speculation after the election of a pro-Bitcoin president, Javier Milei, in late 2023, but experts caution against overstating Argentina’s commitment to cryptocurrency. While Argentina has taken steps like allowing Bitcoin … Read more