Blockchain

ETH/BTC Ratio Hits 5-Year Low: Time to Shift to Altcoins? In a significant development for the cryptocurrency market, Ethereum’s value against Bitcoin has plummeted to its lowest level since mid-2020. This decline has prompted discussions among traders and analysts about the potential for a rotation into higher-performing altcoins. According to economist and crypto trader Alex…

Credit: Image by Yahoo via YAHOO NEWS USDT Activity Surges: Traders Prepare for Market Re-entry In a notable development within the cryptocurrency landscape, on-chain activity for Tether (USDT) has surged to a six-month high, indicating that traders may be positioning themselves for potential buying opportunities. Vincent Liu, the chief investment officer at Kronos Research, highlighted…

Credit: Image by Yahoo via YAHOO NEWS Crypto Trading Volume Decline Signals Market Exhaustion Recent trends in crypto trading volume and falling digital asset prices indicate signs of trader exhaustion and a potential slowdown in market momentum, according to analysts. The overall trading volume across the cryptocurrency market has significantly decreased since its peak in…

Credit: Image by Yahoo via YAHOO NEWS Crypto Trader Loses $215K in Sandwich Attack During Swap A crypto trader experienced a significant financial loss on March 12, falling victim to a sandwich attack that resulted in a staggering loss of over $215,000. This incident highlights the vulnerabilities present in decentralized finance (DeFi) transactions, particularly those…

Credit: Image by Yahoo via YAHOO NEWS US CPI Drops Below Expectations: Will Rate Cuts Follow? The latest report on the US core Consumer Price Index (CPI) has revealed a surprising dip, coming in at 3.1%, which is lower than the anticipated 3.2%. This decrease is accompanied by a 0.1% percentage drop in the headline…

Credit: Image by Yahoo via YAHOO NEWS Rumble’s $17M Bitcoin Purchase: A Strategic Move in Crypto In a significant development for the cryptocurrency landscape, Rumble has announced the acquisition of 188 Bitcoin for approximately $17.1 million. This strategic investment, made public on March 12, aligns with the broader trend of companies embracing Bitcoin as a…

Credit: Image by Yahoo via YAHOO NEWS Banks as Validators: Centralization Risks in Blockchain Networks Recent regulatory changes in the United States have opened the door for banks to act as validators in blockchain networks, a move that could significantly impact the landscape of cryptocurrency. According to Bohdan Opryshko, the chief operating officer of Everstake,…

Credit: Image by Yahoo via YAHOO NEWS OKX Gains MiFID II License: A New Era for Crypto Derivatives in Europe In a significant development for the cryptocurrency landscape, the exchange OKX has successfully acquired a Markets in Financial Instruments Directive (MiFID II) license, paving the way for enhanced trading opportunities across Europe. This license, confirmed…

Credit: Image by Yahoo via YAHOO NEWS Bitcoin Dominance Soars to New Heights as Altcoins Struggle As of March 12, Bitcoin dominance — a crucial metric that indicates Bitcoin’s share of the overall cryptocurrency market capitalization — has surged to an impressive 61.2%, according to recent analysis by Matrixport. This marks a notable increase from…

Credit: Image by Yahoo via YAHOO NEWS Bitcoin Faces US Sellers Amid CPI Inflation Drop Bitcoin (BTC) is currently experiencing a challenging phase as it encounters resistance from US sellers, despite a recent dip in the Consumer Price Index (CPI) inflation. The January CPI report, released by the Bureau of Labor Statistics (BLS), revealed a…