Category : Bitcoinist

Bitcoinist

Inflation May Be In A Lull, What Does That Mean For Bitcoin?

In a recent tweet Ben Lilly, co-founder of Jarvis Labs, the on-chain analytics and token design firm, gave his analysis of the past, present, and possible future of inflation and how this can affect Bitcoin and the crypto market. According to Lily,...

Irish Central Bank Calls Crypto Ponzi, Urges Ban On Crypto Advertisements

In the past, the Irish Central Bank has been critical of crypto and digital assets. Ireland’s Central Bank governor, Gabriel Makhlouf, has now urged lawmakers to ban crypto advertisements. According to the Ireland Central Bank, cryptocurrency a...

Shiba Inu Stagnates As Meme Coin’s Social Score And Market Cap Plunge

As of writing, Shiba Inu has been up 41% in the monthly time frame. This rally is being boosted by the renewed investor sentiment in cryptocurrencies which led to major cryptocurrencies like Bitcoin and Ethereum regain ground lost when FTX collapsed....

These Altcoins Could Be Ones To Watch For, Santiment Suggests

Data from Santiment shows these altcoins have seen elevated whale activity recently, which may make them ones to watch for in the coming days. Polygon (MATIC), Aave (AAVE), And Dydx (DYDX) See Increased Whale Transactions According to data from the o...

Top 5 Cryptos Seen Making Double-Digit Gains In The Final Days Of January

The bulk of the cryptocurrency market entered 2023 with a great deal of optimism, as the majority of its crypto assets began showing good outcomes on charts spanning several timeframes. In the final days of January, we pick these top 5 cryptos that h...

FTX Attorneys To Drag SBF’s Parents And Brother In Questioning About Their Personal Wealth

The tragedy of FTX appears to be becoming more personal, as the bankrupt exchange’s legal counsels are now seeking to drag the founder’s family members and grill them about how they established their affluence. In a court filing, FTX atto...

Major Adoption News For Bitcoin: POS Giant Clover Starts Lightning Trial

Bitcoin’s adoption into the mainstream – not only as a store of value but also as a means of payment – took a big step forward today. As Strike CEO Jack Mallers announced via Twitter, the Bitcoin Lightning Network went live yesterda...

Elon Musk Still Wants McDonald’s To Accept Dogecoin

Tesla CEO Elon Musk has once again come out as a Dogecoin supporter. After being somewhat less forthcoming with his love for Dogecoin in recent weeks, Musk responded to a series of tweets from Mcdonald’s and ultimately to a question from a DOGE...

Shiba Inu Takes On Fashion Industry As Designer Debuts SHIB-Inspired Clothing Line

Shiba Inu is a meme coin that has been able to make its way out of the industry and into the mainstream. It has already penetrated the payments sector with multiple crypto payment processors already accepting SHIB, as well as the food industry with t...

Why The S&P 500 Could Help Send Bitcoin Soaring Higher

While the world of finance can’t look past the recent year-to-date returns of Bitcoin and other cryptocurrencies, it’s the S&P 500 that has everyone glued to their seats. The S&P 500 is at the most-watched trend line in global markets and th...

Ecommerce Giant Amazon To Launch NFT Initiative

Big tech giant Amazon is taking another step to solidify a position in the crypto industry. According to a report from crypto news outlet Blockworks, the company will launch a non-fungible token (NFT) initiative sometime in spring 2023. The report c...

Mango Labs v Eisenberg: Crypto Exchange Sues Its Hacker

The Solana-based decentralized exchange (DEX) Mango Labs sued Avraham Eisenberg for its “profitable trading strategy.” The individual exploited a vulnerability in the platform allowing him to profit to the detriment of Mango Markets and its users. ...

These Metrics Hint At Massive Bitcoin ‘Buying Opportunity’, Says Analyst

Bitcoin usually sets the pace for other cryptocurrencies to follow. Analysts usually focus on Bitcoin to identify or predict market trends. The latest analysis from pseudonym analyst Game of Tradeshas revealed six on-chain metrics showing the same le...

Digital Surge Survives The Crash Of FTX Crypto Exchange

The collapse of the crypto exchange FTX last year shook the industry. The exchange was among the top in the industry, with many investors and firms as users. However, following FTX’s filing for bankruptcy, the investors lost access to their fun...

Aptos (APT) Jumps 130% In 7 Days, What’s Driving The Price?

The price of Aptos (APT) has been on the rise over the last week. The digital asset which had been adversely affected by the collapse of FTX, which was one of its backers, seems to be finding its feet in the market once more. Aptos price has now rall...

Hackers Take Control Of Robinhood Twitter Account To Promote Fake Crypto

Hackers broke through the social media accounts of Robinhood, a prominent US online trading platform, to peddle a fraudulent coin. The fake token is called RBH on the Binance Smart Chain. Wednesday, the account released a tweet announcing the debut o...

Bitcoin Exchange Whale Ratio Surges, What Does It Mean?

On-chain data shows the Bitcoin exchange whale ratio has surged recently. Here’s what it may mean for the price of the cryptocurrency. Bitcoin Exchange Whale Ratio (72-Hour MA) Breaks Above 85% As pointed out by an analyst in a CryptoQuant post...

Tesla Still Holds Bitcoin And No Dogecoin, But Maintains DOGE-Only Payments

Electric car manufacturer Tesla has released its fourth-quarter financial report, revealing that the company’s Bitcoin holdings have remained unchanged, just like its Dogecoin holdings – which are still zero. In the report released yester...

Bitcoin As Legal Tender: Arizona Senator Pushes Bill To Make Crypto Legal Form Of Currency

In the past year, bitcoin’s price has declined by about 60% from its all-time high. This has diminished the excitement surrounding the alpha coin, but not entirely. There are still many who have faith in the cryptocurrency’s future. One o...

Ripple Hits New UNL Decentralization Milestone, Here Are The Participants

Although the XRP Ledger (XRP) is an open-source, public, and decentralized layer 1 blockchain run by a global community of developers, there has been a history of criticism for perceived centralization; the most high-profile case being the U.S. Secur...

Axie Infinity Tallies 48% Rally – Are Gamers Flocking Back To The Digital Pet Community?

Axie Infinity has been almost chocked to extinction by 2022’s bear market. During that same year, interest in NFTs declined, hitting Axie Infinity hard. According to CoinGecko, the token has been experiencing growth in almost all time frames with th...

Bitcoin Accumulation And Distribution: Which Cohort Is Taking Part In What

On-chain analytic firm Glassnode has broken down which Bitcoin cohorts have been accumulating and which have been distributed during the past year. Bitcoin Whales Distributed Coins Equivalent To 60% Of Mined Supply In The Last 12 Months As per data f...

NFTs Go Cross Chain: After DeGods, Another Blue Chip NFT Project Moves Chains

The grass is always greener, it seems. NFT projects on non-Ethereum chains aspire to see levels of liquidity achieved by top Ethereum-based projects, while Ethereum-based NFT collections see the ‘bigger fish in a smaller pond’ opportunity...

Adam Back-Led Blockstream Raises $125 Million To Expand Operations

Blockchain infrastructure firm Blockstream and its founder Adam Back, have raised $125 million to increase its Bitcoin (BTC) mining capacity. The firm raised the capital in a convertible note, a form of short-term debt led by Kingsway Capital. Cohe...

Grayscale Won’t Back Down Even If Court Backs SEC’s Spot Bitcoin ETF Decision

In June 2022, Grayscale sued the Securities and Exchange Commission (SEC) after the regulator had once more declined to convert the Grayscale Bitcoin Trust (GBTC) to a spot ETF. The case is expected to drag on into the second half of 2023 but Graysca...

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