Coinbase, a leading cryptocurrency exchange, has recently been revealed to hold a staggering $52 billion worth of Bitcoin, positioning it as the top holder of BTC with over 4.3% of the total supply, according to Arkham Intelligence. This significant revelation raises questions about the implications of Coinbase’s massive Bitcoin reserves, particularly in relation to the
Crypto
As the blockchain community transitions from Polkadot 1.0 to Polkadot 2.0, several key tech upgrades such as Async Backing, Elastic Scaling, and Agile Coretime are set to revolutionize the network. These upgrades are expected to enhance the overall performance of the system and provide developers with more flexibility in creating custom blockchain projects. The core
The crypto markets have once again shown lackluster performance this week, with risk sentiment remaining vulnerable as investors wait for the release of the U.S. inflation report for July. In the midst of this uncertainty, Polkadot price has taken a hit, falling approximately 3% in the past 24 hours to $4.45. Despite this recent drop,
Bybit, the second-largest cryptocurrency exchange in the world by trading volume, recently announced the implementation of a comprehensive listing and delisting framework. This framework is designed to enhance user protection, uphold market integrity, and promote the overall health of the blockchain ecosystem. This move comes as Bybit’s spot market share rises above 20%, solidifying its
In recent days, Bitcoin prices have experienced some fluctuations due to various factors in the market. While there was a slight rise in Bitcoin prices on Tuesday, following a weekend rout, the overall sentiment remained cautious as traders awaited key U.S. economic indicators. Data on capital flows revealed that bargain buying attracted traders to crypto
Veteran trader Peter Brandt recently took to Twitter to share his insights on an intriguing price pattern emerging in Bitcoin’s chart. According to Brandt, Bitcoin’s price action is displaying an inverted, or expanding, triangle pattern. He emphasized the importance of trading based on classical charting principles rather than opinions. Brandt’s disciplined approach to trading focuses
Bitcoin’s influence on the US presidential campaign has been significant, with the original cryptocurrency recently experiencing a range-bound trading pattern. Despite touching $61,000, it has since dropped back to around $58,000. Analysts from Bernstein predict that Bitcoin will continue to remain range-bound until the election picture becomes clearer, potentially closer to the Presidential debates. In
The recent developments surrounding Wrapped Bitcoin (WBTC) have raised significant speculation within the cryptocurrency community, particularly concerning the potential impact of Justin Sun. Despite BitGo’s announcement of transferring control of WBTC to a joint venture with BiT Global and decentralizing custody, Sun has emphasized that his involvement is solely strategic. He has explicitly stated that
As Bitcoin continues to gain attention from various sectors, including qualified investors and institutions like BlackRock and Franklin Templeton, there remains skepticism about its role as a store of value. Renowned figures such as Peter Schiff and Warren Buffet have been outspoken critics, highlighting the cryptocurrency’s volatility in comparison to traditional assets. This skepticism has
Bitcoin is currently on a path to recovery from its recent six-month low, with institutional activity on the rise. Analysts like DeFi researcher Michael Nadeau are expressing bullish forecasts for the upcoming months, citing several reasons for optimism. One significant driver of positivity is the fact that Bitcoin is shedding its first major correction in