Category : Bitcoinist

Bitcoinist

Shiba Inu Faces Massive Sell Pressure As Whales Move 4.29 Trillion SHIB To Coinbase

Shiba Inu, the second largest meme coin, has been undergoing a sideways price movement in the past 30 days, with an emphasised decline in the past seven days. On-chain data indicates this decline might continue in the short term as selling pressure c...

Circle Launches 2-Phase Solana Integration With Major New Features

Peer-to-peer payments company and stablecoin (USDC) issuer Circle has announced its integration with the Solana (SOL) blockchain, bringing several important new features to its Web3 services. According to Wednesday’s announcement, the strategi...

Bitcoin Transactions At All-Time High, But Active Addresses Collapse: What’s Going On?

Data shows that Bitcoin active addresses have plunged, but the transaction count has been around an all-time high (ATH). Here’s why this may be so. Bitcoin Active Addresses And Transaction Count Have Diverged Recently According to the latest we...

Pundit Says Dogecoin And Solana Have Hit ‘Make It Or Break It Levels,’ Why This Is Good News

A crypto pundit has declared that Dogecoin (DOGE) and Solana (SOL) have reached their “make it or break it levels.” This assessment is set to generate a wave of optimism as DOGE and SOL could be getting ready for a rebound soon. Dogecoin And Solana...

ZkSync Faces Backlash Amid Token Airdrop Controversy

Ethereum’s Zero-Knowledge (ZK) Layer-2 scaling solution, zkSync, is facing backlash from the crypto community after its recent ZK token airdrop announcement. Community members have expressed concerns about the lack of anti-Sybil filtering and the “un...

Bitcoin vs. Gold: Fidelity’s Top Analyst Sheds Light On The Future Of Wealth Storage

Fidelity’s Director of Global Macro, Jurrien Timmer, recently commented on the debate over whether Bitcoin or gold is a more reliable store of value, outlining scenarios for when each of these asset classes is or is not able to hedge against in...

Arbitrage Overdrive: Why Bitcoin ETFs Aren’t What They Seem, According To Expert

Recent analyses suggest that a significant portion of the capital flow into Bitcoin exchange-traded funds (ETFs) is driven by arbitrage strategies rather than direct investment from retail traders. Particularly, Raoul Pal, CEO of Real Vision, has hig...

Meme Coins Receive High Risk Score In Crypto Report, Here’s Why

Meme coins have received a high-risk score from Coin Metrics reports, underscoring the increased volatility and market manipulation within this market. The analysis conducted by Coin Metrics aims to spread awareness of the speculative nature of these...

Bitcoin Has Key Support At $62,300, Will BTC Bulls Win After FOMC?

Bitcoin is recovering but still under immense liquidation pressure when writing. As BTC faces headwinds, the zone between $70,000 and $72,000 is proving to be a strong resistance level that must be broken for the wave of higher highs registered in Q1...

Analyst Forecasts Bitcoin Heading Towards A 6-Figure Milestone

As Bitcoin continues to trend below its recent all-time high of $73,000, determining the next trajectory of the asset has been a topic of interest within the cryptocurrency space. Well-known cryptocurrency analyst and enthusiast Javon Marks has made...

Shiba Inu Sees 3,275% Spike In Burn Rate As Sentiment Improves, Time To Get Back In?

The Shiba Inu burn rate has seen a notable spike over the last 24 hours, following significant burns from the community. This is a notable change from the prior week’s slow and disappointing burn rate, showing a return of bullish sentiment among inve...

Terraform Labs Reaches $4.47 Billion Settlement With US SEC

Terraform Labs, the company at the center of a significant collapse in 2022, has agreed to pay a substantial settlement of $4.47 billion to resolve a civil lawsuit filed by the US Securities and Exchange Commission (SEC). This legal action was under...

Bitcoin Whales Buy While Market Panics As $950M Worth Of BTC Leaves Exchanges

On-chain data shows Bitcoin whales may have quietly been accumulating at the recent price lows as exchanges have registered large withdrawals. Bitcoin Exchange Reserve Has Observed A Decline Recently As pointed out by analyst Ali Martinez in a post o...

Zimbabwe Steps Up To The Crypto Plate: Public Input Sought For Regulations

Zimbabwe is taking an exciting step into the future by launching a public consultation to get opinions on regulating cryptocurrency operations in the country, Bloomberg reports. This is a big change for a nation that has historically struggled with c...

Ripple And Axelar Partner For Ethereum Virtual Machine Sidechain Launch

RippleX, the development wing of Ripple Labs, has unveiled a major update to the XRPL EVM sidechain, facilitating Ethereum Virtual Machine (EVM) compatibility with the XRP Ledger (XRPL). This major development is set to enhance interoperability and o...

Analyst: ‘Been Here Before’ – Bitcoin Slumps To $67,000 As FOMC Nerves Hit

Bitcoin enthusiasts faced a roller coaster ride this Tuesday as the leading cryptocurrency took a nearly 5% tumble, dipping below $68,000. This sharp decline erased the gains made during a bullish run that saw BTC touch $71,950 just last week. Analys...

Bitcoin And Gold: China’s Largest Bank Highlights Comparable Scarcity

Digital assets, like Bitcoin, have ushered in a new era for the cryptocurrency industry by radically changing the financial and technological landscape. Recently, the world’s largest bank by total assets, the Industrial and Commercial Bank of China...

Shiba Inu’s Decentralized Exchange Adds Crucial Tool For Users

DEXTools, a leading decentralized finance (DeFi) analytics platform, has announced the integration of ShibaSwap, the decentralized exchange (DEX) of cryptocurrency Shiba Inu (SHIB). This strategic collaboration, unveiled on Wednesday, marks a signifi...

Donald Trump Wants ‘All Remaining’ Bitcoin To Be Made In The US

In a notable gathering at Mar-a-Lago on Tuesday (June 11) night, former President Donald Trump met with key figures in the Bitcoin mining industry, affirming his support for the sector and pledging to advocate for its interests both domestically and...

Rivals: Dogs Vs Squirrels (RVLS) Token – The Only Platform Which Deserves Your Attention

The Memecoin world never sleeps as it keeps evolving, innovating, and expanding regardless of the market condition. Despite the abundance of innovative memes, most of them have a fundamental flaw- meme coins with unrealistic hype go insanely high and...

Bitcoin No Longer Electronic Cash? Circulation Drops To Lowest In 13 Years

On-chain data suggests Bitcoin is no longer being used as electronic cash by its userbase as the token’s circulation has seen a steep drop. Bitcoin ‘Velocity’ Has Plunged To Historical Lows Recently As explained by CryptoQuant found...

Bitcoin Futures Experience Historic Spike In Net Short Interest As BTC Nears $65,000 Support

Bitcoin (BTC) futures are experiencing a surge in net short interest among leveraged funds, although this should not be mistaken for a bearish sentiment among hedge funds. Instead, experts suggest that the increase in short interest is primarily driv...

Australian Goverment Bans Use Of Crypto For Online Gambling

The Australian government has cracked down on online gambling by banning crypto and credit card use for online bets. The measure comes as an effort to reduce investors’ losses in the country. Australian Gov’t Bans Use Of Crypto In Online Gambling On...

Shiba Inu ETF Petition Gains Ground With Over 10,000 Signatures Collected

With the approval of Spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC), the Shiba Inu community have continued to push for a SHIB ETF. The latest development in this effort is a petition to leading Crypto ETF issuer, Gr...

Australia’s Blockchain Leader Rebrands: Meet The Digital Economic Council Of Australia (DECA)

The leading industry association, formerly known as Blockchain Australia, has undergone a comprehensive rebranding. Now called the Digital Economic Council of Australia (DECA), the organization has broadened its scope to encompass a wider array of di...

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