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Will Bitcoin Bounce At $57K? - E-Crypto News
Since its halving event on April 20, 2024, Bitcoin (BTC) has been sliding and pulling the entire crypto market down with it. On April 30, Bitcoin was lingering near the $57,000 mark into FOMC. But, many now wonder whether that is the last the marker will see when it comes to Bitcoin dropping lower. Bitcoin
How Crypto Whales Hide Their Identities - E-Crypto News
In the crypto space, there are entities called ‘whales’ who have a lot of power and influence over the market. These crypto whales are people or entities with massive holdings of digital assets, mostly in the form of Ether (ETH), Bitcoin (BTC), and other major cryptos. Tracking whale wallets on a blockchain explorer has historically
Staking Crypto- Quick Tips For Beginners To Earn by Stakingfarm - E-Crypto News
Staking cryptocurrency can be a lucrative way to earn passive income, and StakingFarm.com provides an accessible and robust platform for both beginners and experienced crypto enthusiasts. By staking your digital assets, you participate in network operations, which in turn rewards you with additional tokens, enhancing your investment over time. This process not only supports the
What Is EigenLayer And How Does It Operate? - E-Crypto News
Ethereum has come a long way since it launched in 2015. It has held its position as the most influential blockchain and managed to transition from proof-of-work (PoW) to proof-of-stake (PoS). Also, it is the foundation for most innovative crypto projects. On its part, EigenLayer wants to eliminate an important barrier most new dApps face
Top 5 Things You Do Not Know About Bitcoin Halving And BTC Price - E-Crypto News
As the market approaches Bitcoin’s fourth halving on April 19, here are five interesting facts about the phenomenon that might surprise even experienced crypto enthusiasts. Every four years, the Bitcoin (BTC) community celebrates the Bitcoin halving event. Most Bitcoin market analysts consider this a quadrennial milestone event because of its historically bullish effect on the
Deciphering Cryptocurrency Trading: A Comprehensive Guide To Its Intricacies - E-Crypto News
Cryptocurrency trading has resurged in popularity in 2024, captivating seasoned investors and newcomers equally. With its potential for high returns and volatility, crypto has become a lucrative avenue for many; however, navigating the complexities of cryptocurrency trading requires a deep understanding of its intricacies. This comprehensive guide assesses the fundamental aspects of cryptocurrency trading, providing
How Public Administration Breathes Life Into The Metaverse - E-Crypto News
Germany is currently experiencing a growing interest in the metaverse, which is focused on notable applications in public administration and industry. Once praised as the next frontier of human interaction, the metaverse appeared to lose some steam after its original burst of excitement. Unclear financial benefits, vague promises, and costly hardware hindered its mass adoption.
How KYC Compliance Save Crypto Users Money - E-Crypto News
Crypto exchanges have now started applying situational know your customer (KYC) to fight against illegal activities without needing to compromise user experiences and financial freedom. Know your customer (KYC) is a due diligence and security process that gets implemented by financial institutions to validate the identity of their users and determine the possible risks of
Automated Crypto Trading: A Paradigm Shift In Financial Management - E-Crypto News
The world of finance has been irrevocably disrupted by the advent of cryptocurrencies. These digital currencies have initiated a paradigm shift, transforming traditional investment practices and paving the way for a new era of financial management. This evolution has been significantly propelled by the rise of automated cryptocurrency trading, an innovative solution that has democratized
What Are Rebase Tokens And How Do They Operate? - E-Crypto News
Rebase tokens are a specific type of cryptocurrency that often modifies its total supply. The modification happens daily or several times a day. The adjustments aim to stabilize the rebased token’s price or target a particular value through strategies that increase or reduce the token supply while reacting to price deviations from the set target.
Jury Finds Bitcoin Fog Crypto Mixer Founder Guilty Of Money Laundering - E-Crypto News
Roman Sterlingov is the most recent individual to fall to a United States (US) government crackdown on illegal crypto-mixing services. However, his lawyers are not taking this verdict lying down. The founder of Bitcoin Fog, a large $400 million crypto-mixing service, was convicted of money laundering in a United States District Court on Tuesday, March
What Is A Vampire Attack In Crypto? - E-Crypto News
Vampire attacks can be aggressive new project launches or less genuine events where illegal actors target established project communities. A vampire attack in crypto is when a new project – sometimes a fork of an established project – offers better incentives or rewards than the original. The main characteristics of a vampire attack include a
US Legislators Advance Resolution To Feature Banks In Crypto Custody - E-Crypto News
The House Financial Services Committee recently voted to advance a resolution that might overturn the controversial Staff Accounting Bulletin No. 121. Over the years, regulators and authorities globally have tried to create laws to govern the nascent space. However, some laws and regulations have been detrimental to the crypto sector, compelling regulators to overturn them.
What Is A Block Reward? - E-Crypto News
A block reward is an integral component that supports the decentralized nature of cryptocurrencies and has massive functional and symbolic importance. Essentially, a block reward is a payment that is made to crypto miners for adding official and authorized transactions to the network. The process, called mining, features the completion of challenging mathematical puzzles, helping
MicroStrategy Listing In The S&P 500 Index Might Expose Millions To Bitcoin - E-Crypto News
MicroStrategy’s market cap would have to rise another $3.7 billion and meet other eligibility criteria to have an opportunity to make it on the popular index. Being the biggest corporate holder of Bitcoin, MicroStrategy is gradually moving toward being eligible for being included on the S&P 500 index – a milestone that might see Bitcoin
Bitcoin Regained $1 Trillion Market Cap As The Cryptocurrency Market Hit Over 2-Year High - E-Crypto News
Bitcoin surged to hit another more than two-year high on February 14, sending its market cap back above the $1 trillion psychological level, and the increasing success of US spot Bitcoin ETFs turned investor sentiment more positive. The biggest crypto has climbed above $52,000, its highest level since December 2021. Its market cap and the
What Is A Crypto Loan And How Does It Work? - E-Crypto News
Loans using cryptos as collateral have gained popularity in the crypto space in recent years. This financial instrument enables crypto holders to access liquidity without having to sell their digital assets. Here, we will dive into details of how crypto loans work, the different existing models (CeFi and DeFi), and the requirements for these applications,
The Role of Liquidity Providers in Forex and Digital Asset Markets - E-Crypto News
The realm of foreign exchange trading, commonly known as forex, is a dynamic and high-volume venture, which engages brokers and affluent individuals across the globe. It's celebrated for its diversity and liquidity, a vital aspect for brokers to efficiently close positions, amplify profits, and safeguard their clients' investments. Central to this dynamic market are the
Crypto Mining Power Usage Under Scrutiny as US Begins Survey - E-Crypto News
The United States Energy Information Administration (EIA) will launch an urgent survey on the power usage of cryptocurrency mining activities after gaining an emergency clearance from the Office of Management and Budget (OMB) to proceed with the program. The agency announced the development in a statement dated February 1, 2024, on the EIA website. This
Amid Bankruptcy, Genesis Reaches $21 Million Settlement With the SEC - E-Crypto News
Genesis Global Holdco, the bankrupt cryptocurrency trading firm, in a court filing dated January 31, 2024, has announced its proposed settlement with the US Securities and Exchange Commission nearly thirteen months after the commission pressed charges against Genesis and Gemini for selling unregistered securities through Gemini Earn. The settlement agreement, filed in the US Bankruptcy
India’s Digital Rupee Launch Faces Privacy Risks Challenge: RBI Responds - E-Crypto News
An anonymous senior insider with the Reserve Bank of India (RBI), in a recent exclusive interview with CoinDesk, revealed plans by the Indian financial authority to correct last-minute privacy and legislative lapses in the proposed CBDC, the digital rupee before a widespread rollout. The interview, published on February 2, 2024, identified the insider (simply) as
The Crypto-AI Intersection: CFTC Advisory and Vitalik Buterin’s Warnings - E-Crypto News
Vitalik Buterin, the Russian computer programmer and Ethereum co-founder, has charged developers to 'be careful' when intersecting artificial intelligence technology with cryptocurrencies in a recent blog post titled: "The promise and challenges of crypto + AI applications." The blog post, dated January 30, 2024, was published on his website and explores the potential use cases
Cboe Exchange’s Spot Bitcoin ETF Application Withdrawn: What’s Next? - E-Crypto News
In an unsurprising development on January 30, 2024, the US Securities and Exchange Commission (SEC) announced that Cboe BZX Exchange, the prominent equity exchange firm, is withdrawing its application for a spot Bitcoin ETF through Global X, officially ending the long push for the regulatory nod. The announcement comes amid the SEC’s approval of 11
SEC Faces Court Sanctions as it Tries to Abandon the Debt Box Case - E-Crypto News
A new court filing with the Utah District Court on January 30, 2024, has revealed that the US Securities and Exchange Commission (SEC) is now seeking to drop its ongoing lawsuit against Digital Licensing Inc., doing business as DEBT Box, after reportedly misleading the court to obtain an order last year. While the SEC admitted
Bitpanda Launches New Crypto Service for HNIs, Institutional Investors - E-Crypto News
In a January 30 blog post from Bitpanda, the Austrian cryptocurrency exchange, the company announced the launch of Bitpanda Wealth, a new service for high-net-worth individuals and institutional investors, including family offices, corporate treasuries, and external asset managers. The new institutional cryptocurrency trading platform is reportedly Bitpanda’s response to the growing demand for the service
Promoting Bitcoin ETFs Made Easier as Google Revises Ad Guidelines - E-Crypto News
A 2023 update to Google’s ad guidelines allowing approved Cryptocurrency Coin Trusts targeting the United States to advertise on its platform has now taken effect from January 29, 2024. The move will likely allow the recently approved spot Bitcoin ETFs to advertise on the search engine. While this development coincides with the recent spate of
A Beginner’s Guide to Understanding and Implementing Crypto Vesting Strategies - E-Crypto News
Crypto vesting, a mechanism pivotal to the world of cryptocurrency, involves the allocation of coins or tokens to stakeholders with a predefined lock-in period before their full accessibility or transferability. This mechanism plays a crucial role in various cryptocurrency ventures, notably in initial coin offerings (ICOs) and token sales, with the principal aim of promoting
Estonia will Extradite Crypto Fraud Suspects to the US - E-Crypto News
Weeks after a District Court ruling blocking the extradition of two Estonian citizens to the United States, the Estonian government has overturned the ruling, approving the extradition of the suspected cryptocurrency fraudsters to face criminal charges in America. According to a January 25 article from the Estonian news outlet Postimees, the Estonian Ministry of Justice
The BoE’s Proposed Digital Pound Enters Next Design Phase - E-Crypto News
In conjunction with HM Treasury, the Bank of England (BoE) has published a detailed response to its earlier consultation paper about its proposed Central Bank Digital Currency, the digital pound, with respondents raising questions about the common concerns with centralized digital currencies. This response, dated January 25, 2024, addressed concerns about the consultation paper published
Big-Tech Companies Like Amazon And IBM Lead Generative AI Boom With New Tools - E-Crypto News
A deep dive into the transformative space of generative artificial intelligence (AI) helps in exploring big-tech innovations and what the future has to offer for the budding space. In the past year, generative AI has gained lots of traction within the global technology space. This is mainly because of its advanced ability to change how
Tokenomics: Understanding The Economics Of Cryptocurrencies - E-Crypto News
Cryptocurrencies go beyond mere coin names; many possess self-sustaining micro-economies governed by different terms and regulations. Tokenomics encompasses many factors that collectively influence the trajectory of a project's native cryptocurrency. Understanding these elements provides insight into a crypto's sustainability, dynamics, and potential influence. This article delves into the intricacies of tokenomics, examining its components and