Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up

Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up

Bitcoin experienced a sudden drop to $27,000 following the release of US employment data, which showed stronger-than-expected job growth. This was seen as negative for risk assets, including cryptocurrencies. However, Bitcoin quickly rebounded and the focus shifted back to the $27,700 level. The data raised the likelihood of a potential interest rate hike by the … Read more

3 Alleged Falsehoods Bankman-Fried Reportedly Stated Prior to Gaining Fame

3 Alleged Falsehoods Bankman-Fried Reportedly Stated Prior to Gaining Fame

3 Alleged Lies Bankman-Fried Told Before He Was Famous Alameda Research, a quantitative cryptocurrency trading firm founded by Sam Bankman-Fried (SBF), experienced a decline in profits when the arbitrage opportunities it had been capitalizing on came to an end. Although Bankman-Fried portrayed this period as legendary, it is believed that the firm actually lost its … Read more

What Does It Signify as Crypto Investor Buying Power Hits a 6-Month Peak?

What Does It Signify as Crypto Investor Buying Power Hits a 6-Month Peak?

Crypto Investor Buying Power Just Reached A 6-Month High, What This Means Investors in the cryptocurrency market are showing a growing interest in buying digital assets, as indicated by the accumulation of Tether’s stablecoin, USDT, on exchanges. The total amount of USDT held on exchanges has reached a six-month high, signaling a readiness to enter … Read more

9-Year DXY Formation Resurfaces: Crypto Prepares for an Explosive Onset

9-Year DXY Formation Resurfaces: Crypto Prepares for an Explosive Onset

Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns Crypto analyst TheCryptoMann has identified a bullish formation in the United States Dollar Index (DXY), which measures the value of the dollar against major currencies. In the past, a rise in the DXY has signaled a bull rally in the crypto market. The … Read more

The XRPL’s Capacity to Process Over 293 Million Daily Transactions Positions XRP as a Global Utility Asset

The XRPL’s Capacity to Process Over 293 Million Daily Transactions Positions XRP as a Global Utility Asset

XRPL’s Capability To Handle 293+ Million Transactions Daily Can Make XRP A Global Utility Asset XRP enthusiasts are optimistic about the cryptocurrency’s growth potential, following Ripple’s partial win against the SEC. Popular XRP influencer Alex Cobb shared data about the XRP Ledger’s capabilities, highlighting its potential as a global payment facilitator. Cobb revealed that XRPL … Read more

BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

The crypto market, including bitcoin, has experienced a significant surge, driven by factors such as the endorsement of ether futures ETFs by the SEC and various government rulings. Bitcoin has surged by 15% over the past two weeks. Nonetheless, QCP Capital has expressed apprehensions about the longevity of this rally due to fluctuations in demand … Read more

Michael Lewis Sacrificing His Reputation to Defend Sam Bankman-Fried

Michael Lewis Sacrificing His Reputation to Defend Sam Bankman-Fried

Is Michael Lewis Trashing His Reputation to Defend Sam Bankman-Fried? Michael Lewis, renowned financial writer and author, has faced a significant backlash within the crypto community after a controversial “60 Minutes” interview promoting his latest book, “Going Infinite.” Lewis, previously celebrated for his insights into Wall Street and financial crimes, has been deemed persona non … Read more

Liquify Joins Forces with Fuse Network as Blockchain Infrastructure Partner

Liquify Joins Forces with Fuse Network as Blockchain Infrastructure Partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner » CryptoNinjas Decentralized blockchain platform Fuse Network has partnered with Liquify to provide remote procedure call (RPC) services. RPC nodes are crucial for decentralized applications (dApps) to process requests and improve web3 usability. Liquify, a blockchain solutions provider, offers secure and robust RPC infrastructure with bare … Read more

Bitcoin (BTC) Achieves a Month-long All-Time High Price

Bitcoin (BTC) Achieves a Month-long All-Time High Price

Bitcoin (BTC) Hits Highest Price in a Month Bitcoin (BTC) has reached its highest price in over a month, exceeding $28,000. Analysts attribute this surge to optimism regarding ETFs and seasonality. Last week, traders at Bitbank, a Japanese exchange, had already predicted this milestone. The $28,500 level is viewed as a significant support from the … Read more

CertiK’s Report Reveals September 2023 as the Most Vulnerable Month for Cryptocurrency Exploits

CertiK’s Report Reveals September 2023 as the Most Vulnerable Month for Cryptocurrency Exploits

September becomes the biggest month for crypto exploits in 2023: CertiK September 2023 has seen the highest amount of crypto stolen so far this year, with a total of $329.8 million lost to exploits, hacks, and scams. The most significant contributor to this total was the Mixin Network attack on September 23, where $200 million … Read more