Category : Bitcoinist

Bitcoinist

MetaMask Snaps Open Beta Launches, Developers To Deploy Features, Functionalities

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83.7% Of Bitcoin Short-Term Holders Are Now In Loss: Glassnode

On-chain data from Glassnode suggests that 83.7% of the Bitcoin short-term holder supply is currently being held at an unrealized loss. Bitcoin Short-Term Holder Supply Has Plummeted Into Losses According to the latest weekly report from Glassnode, o...

Massive Whale Selling Pushes ARB Price To All-Time Low, Primed For Reversal?

Since its launch earlier this year, the price of Arbitrum (ARB) has struggled tremendously. The altcoin launched into a budding bear market and as the bears have assumed more control, the ARB token price has dumped even further. This constant decline...

Ex-Celsius CEO Challenges FTC: Seeks Dismissal Of Lawsuit, Here’s Why

In a recent development surrounding the high-profile Federal Trade Commission (FTC) case against the crypto platform Celsius, former CEO Alex Mashinsky requested that a New York district court dismiss the charges against him. The core of his argument...

Ethereum Experiences $300 Million Monthly Crypto Fund Outflows – What’s Going On?

Ethereum, the world’s second-largest cryptocurrency, is facing a challenging year as institutional investors have been rapidly shedding their holdings. In a surprising turn of events, ETH has experienced significant outflows from institutional...

Stablecoin Market Continues To Drain Capital, But USDT Expands

Data shows the stablecoin sector as a whole has continued to observe net outflows recently, but Tether (USDT) has only expanded further. USDT’s Dominance Among The Stablecoins Has Now Grown To Nearly 70% In its latest weekly report, the on-chai...

Why Crypto Market Volumes Remain On A Downward Trajectory In September

Crypto market volumes hit historic lows in September, plunging to levels not seen in several years. This downturn has had a domino effect, causing a sharp drop in the prices of the two largest cryptocurrencies by market capitalization at the beginnin...

Worldcoin Troubles Heat Up As Kenyan Lawmakers Accuse Founders Of Data Fraud

Amid the implementation struggles of crypto project Worldcoin in Kenya, Worldcoin CEO Alex Blania has been accused by the Kenyan lawmakers of data fraud saying the project’s arrival to Kenya looks like “a gang of criminals who are coming...

BREAKING: CoinEX Under Siege: $27.5 Million Reportedly Drained From Exchange’s Hot Wallets

In one of the latest hacks to rock cryptocurrency, crypto exchange CoinEX has fallen victim to a massive exploit, leading to over $27.8 million loss. Hackers Drain $27.5 Million From Exchange’s Hot Wallets According to a report by crypto journa...

SIM Swap Attack: Ethereum Co-founder Reveals Details Behind X Account Hack

Ethereum co-founder Vitalik Buterin has shared with the crypto community details of the recent hack of his X account. Via a post on the decentralized social media platform, Farcaster, on September 12, Buterin confirmed he had lost his X account to ha...

Is Ripple The Reason Behind The XRP Price Fall To Two-Month Lows?

The XRP price has been on a consistent downtrend since the US SEC announced its intention to file for an interlocutory appeal in its case against Ripple. In the two months that have followed Judge Analisa Torres’s ruling, the altcoin has shared all o...

Multi-Chain Protocol LayerZero Partners With Google, Here’s What We Know

LayerZero Labs has announced a new partnership with Google Cloud; the big tech giant will deploy an oracle on the multi-chain network. The company celebrated the partnership via an official post on social media platform X as a result of a “year-long...

Cardano: Sidechain Midnight Will Launch ‘Soon’ On Devnet

In a recent X thread, Input Output Global Inc. (IOG), the driving force behind the Cardano blockchain, has unveiled that its data protection sidechain, Midnight, will be launching on the devnet “soon”. This platform is designed to securel...

FTX Reveals Massive Stash Of Recovered Assets, But Is It Enough To Pay Customers?

In a recent development, the defunct crypto exchange FTX has revealed the total assets it has recovered since its bankruptcy proceedings began. However, the question on the minds of many is whether or not these assets will be enough to repay the comp...

Analyst Says Cardano (ADA) Has Potential To Live In Future, Forecasts Massive Price Surge

Though Cardano (ADA) continues to mirror the broader crypto market downturn, prominent crypto analysts have remained optimistic about the crypto project. In a recent interview, crypto analyst Hashoshi revealed his bullish stance on Cardano. Hashoshi...

Shibarium Leaves Shaky Start Behind As Multiple Metrics Hit Important Milestones

Layer-2 network Shibarium seems to have completely moved past its botched launch, as multiple metrics suggest that the network is growing at an impressive rate since it relaunched on August 27. Shibarium Crosses 2 Million Transactions The Shibarium...

Why Solana? Visa Reveals Its Reasons For The Partnership

In a deep dive into the Solana blockchain network, Visa elucidated its reasons for selecting Solana as a part of its stablecoin settlement pilot today. As Bitcoinist reported, Visa announced last week that they are expanding their stablecoin pilot to...

Are Altcoins About To Rise? Crypto Analyst Weighs In On ‘Depression Phase’

Altcoins have endured a prolonged period of stagnation characterized by exceptionally low prices. However, according to crypto analyst Michaël van de Poppe, these digital assets may be gearing up for a significant upward trend. Van de Poppe’s...

Crypto On Capitol Hill: Here’s What SEC Chair Gensler Will Say At Today’s Hearing

In a highly anticipated appearance before the Senate Banking Committee, Securities and Exchange Commission (SEC) Chair Gary Gensler is set to reiterate his stance on the regulatory landscape of crypto today (10:00 am ET). Drawing from his pre-release...

Crypto Enforcement Funds Under Scrutiny: Congressman Emmer Calls For Restrictions On SEC

In a recent statement, Congressman Tom Emmer, a prominent figure in the GOP and a staunch advocate for crypto, expressed his concerns regarding the actions of Securities and Exchange Commission (SEC) Chair Gary Gensler. Emmer accused Gensler of abus...

Ethereum (ETH) Transaction Fees Reach 2022 Lows, Entering Inflationary Period?

Ethereum (ETH) transaction fees have hit their lowest levels since 2022, marking a significant milestone for the second-largest cryptocurrency by market capitalization. According to insights from Ryan Selkis, the founder and CEO of Messari, the aver...

Thailand Authorities Bust $27 Million Crypto Scam, Over 3,200 Victims Affected

In a recent development from Thailand, authorities uncovered a massive crypto scam targeting local investors, with damages amounting to more than $27 million. In collaboration with international bodies, local enforcement agencies went after a fraudul...

Wells Fargo Manager Predicts XRP Price Will Reach $500, Here’s When

Ever since Ripple emerged victorious in its 3-year-long legal battle with the United States Securities and Exchange Commission (SEC) over the security status of XRP, the bullish predictions for the altcoin have risen rapidly. The most recent and perh...

US Forces Young Hacker To Forfeit $5.2 Million In Bitcoin

Last month, Ahmad Wagaafe Hared, a young hacker based in the United States, was ordered to forfeit approximately $5.2 million worth of Bitcoin (BTC), Stellar (XLM), and a BMW sports car to the government. According to a report, this order was made la...

Dogecoin Vs Shiba Inu: How Do The Memecoins Compare In On-Chain Metrics?

Here’s how the various memecoins in the market, like Dogecoin and Shiba, compare against each other in terms of the on-chain indicators. Dogecoin, Shiba Inu, And Other Memecoins Stacked Against Each Other In a new post on X, the market intellig...

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