Bitcoin layer 2 network Stacks (STX) was trending on Google after the network’s Nakamoto upgrade received widespread approval. According to the Stacks Foundation, the upgrade was approved by every voter who had Stacked STX, and 99.98% of the votes cast by those who were not stackers supported the proposal as well. As a result of this community endorsement, the...
As Argentina’s inflation climbs, Bitcoin gains popularity over fiat currencies, driving increased crypto purchases and scam activity. In Argentina, where inflation has surged to staggering levels, Bitcoin is emerging as a preferred hedge against economic instability, Bloomberg reports, citing data compiled by a local crypto exchange Lemon Cash. Lemon Cash’s data reveals a significant uptick in Bitcoin transactions, nearing their highest...
A South Korean altcoin issuer was arrested by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team on March 19, facing fraud charges. The unnamed individual is accused of defrauding investors of $16.1 million, an arrest that follows after a crypto market maker’s failed attempt to flee by sea in December last year. On Dec. 20, 2023, the...
Bitcoin price fell 5% within the 24-hour timeframe on March 20, hitting a 14-day low of $60,761 critical market data trends suggests more downside could follow. Bitcoin price continues to face bearish headwinds as short-traders seize control of the BTC derivatives markets ahead of the upcoming US Fed. rate announcement Is BTC price on the brink of a major...
Market sentiments have quickly turned bearish, as the spot Bitcoin ETFs record their highest daily net outflows amid Bitcoin’s (BTC) drop to the lower spectrum of the $60,000 territory. According to data provided by Farside Investors, a U.K.-based investment management firm, the spot Bitcoin ETF products experienced net outflows totaling $326.2 million on March 19, marking the second...
Cybercriminals targeted Trezor, a hardware wallet provider, in a sophisticated hack, stealing at least $8,100. The breach was first brought to light by renowned on-chain detective ZachXBT, who issued an alert regarding suspicious activities on Trezor’s social media account X. According to reports, fraudulent messages promoting a fake presale of a token dubbed “$TRZR” on the Solana...
The global crypto market has been witnessing bearish sentiment over the past week after the leading cryptocurrency reached a new all-time high (ATH). According to data provided by CoinGecko, the total crypto market cap has declined by over $450 billion since March 13 and is currently sitting at $2.44 trillion. The fall comes after Bitcoin (BTC) touched a new ATH of...
Bitcoin (BTC) and cryptocurrency analyst Ali-Charts identified three critical prices that serve as support levels for the largest digital asset in the world. According to the on-chain observer citing Glassnode data, $61,100, $56,685, and $51,530 should cushion against further Bitcoin dips. Conversely, $66,990 and $72,88 have emerged as the following resistance levels to break after BTC set a...
Crypto exchange BitMEX is looking into unusual Bitcoin trading patterns on its platform that could involve unfair practices. The internal investigation follows a recent rapid drop in Bitcoin’s value on the platform. On Monday, Bitcoin’s valuation against the USDT stablecoin plummeted to $8,900 on BitMEX, while BTC maintained a value above $66,000 on other trading platforms. Bitcoin’s price on BitMEX...
Michael Saylor’s MicroStrategy bought an additional 9,245 Bitcoins throughout this week for $623 million. The latest purchase brings their total Bitcoin holdings to 214,246, averaging a purchase price of $35,160 per Bitcoin and cumulatively spending $7.5 billion. MicroStrategy‘s significant investment places the company’s Bitcoin assets at over 1% of the entire Bitcoin market, marking an unrealized profit margin of...
