Author: Maria
The EU Innovation Hub for Internal Security has released its first comprehensive report on encryption, focusing significantly on crypto-related issues.The report, a collaboration between Europol, Eurojust, and other EU agencies, delves into how cryptocurrencies are impacting law enforcement efforts.It highlights the significant gaps in law enforcement’s ability to track and recover illicit digital assets moved via decentralized methods like privacy coins, layer-2 networks, and crypto mixers.Crypto and Law EnforcementAccording to the report, cryptocurrencies, which rely heavily on public-private key cryptography, pose unique challenges and opportunities for law enforcement.The report outlines how cryptocurrencies are increasingly used for laundering criminal proceeds, complicating…
Retail investors in the cryptocurrency space are exhibiting signs of turning into long-term believers, with a recent exodus of Bitcoin (BTC) and Ethereum (ETH) from centralized exchanges. Latest data shows user balances for both leading cryptocurrencies have sunk to four-year lows, with analysts interpreting the move as a bullish signal for the future. As investors waited for higher prices in a bull market, user balances of Bitcoin (BTC) and Ethereum (ETH) on centralized exchanges significantly dropped, according to Glassnode data. The value of Bitcoin fell to fewer than 2.3 million coins, or roughly $158 billion, while the value of Ethereum…
Over the weekend, Bitcoin suffered from mounting sell pressure that pushed the price below $70,000 once again. However, with the short-term hold profitability remaining low at this time, the risk of the pioneer cryptocurrency suffering further sell-offs has dropped significantly. Bitcoin Short-Term Holder Profitability At 3.35% Crypto analyst Ali Martinez has soothed Bitcoin investors’ nerves with new data that shows a reduced risk of sell-off. The chart which was posted in the early hours of Monday shows that Bitcoin short-term holder profitability has remained low going into the new week. According to Martinez, the low profitability, which is currently sitting…
The debate over Ethereum (ETH) gas fees has been a significant topic within the crypto space for quite some time now. Joining the fray is Uniswap protocol founder and Chief Executive Officer (CEO) Hayden Adams, who has suggested a future where Ethereum users no longer need to worry about gas fees. Hayden Adams Declares Demise Of Ethereum Gas Fees During the weekend, Hayden Adams, the inventor of Uniswap, one of the largest Decentralized Exchanges (DEX), took to the X (formerly Twitter) platform to share his thoughts on Ethereum’s gas fees. According to the founder, the term gas fee should never…
Popular Bitcoin supporter Samson Mow has revealed what might be the next trigger for the price of Bitcoin as the cryptocurrency continues to trade just below its all-time high. The Bitcoin Maximalist and recently identified a ‘Godzilla candle’ potentially forming on Bitcoin’s price charts, which undoubtedly would send the cryptocurrency surging to new highs. His catalyst for the bullish projection, surprisingly, is GameStop adding Bitcoin to its treasury. Bullish Case For Bitcoin Bitcoin is no stranger to price surges stemming from institutional adoption from big traditional companies. With Bitcoin adoption increasing and more mainstream interest in crypto, several factors could…
The Bitcoin price took a major hit at the end of the past week, falling below the psychological $70,000 level yet again. According to CoinGecko data, the price of BTC currently stands around $69,204, reflecting a 0.1% decline in the past day. However, on-chain data suggests that the premier cryptocurrency is currently retesting a significant support level and might soon resume its upward trajectory. Nearly 2 Million Addresses Purchased At This Bitcoin Price In a recent post on the X platform, prominent crypto pundit Ali Martinez revealed that Bitcoin has established a major support area around its current price point.…
Friday delivered a double whammy to the Bitcoin market, exposing the cryptocurrency’s sensitivity to the ever-shifting sands of global economics. The price of the digital asset tumbled below $70,000 after a perplexing US jobs report collided with a surprise interest rate cut by the European Central Bank (ECB). The leading crypto asset was caught in the crosshairs of conflicting economic signals and central bank maneuvers. The decline exposed the cryptocurrency’s vulnerability to the ever-changing tides of global finance. Jobs Enigma Jolts Market A seemingly positive US jobs report, boasting robust job growth, initially buoyed sentiment. However, the joy was short-lived…
Ethereum developers continue to improve the network, maintaining a tradition that has been ongoing since its launch. Since the first update through Homestead, developers have implemented several hard forks, with the latest ones being Shanghai and Dencun. Pectra Lays The Foundation For Even More Upgrades In Ethereum The Ethereum community is eagerly anticipating the next key update, Pectra, scheduled for late Q1 2025. This hard fork, a significant enhancement after Dencun, will integrate 19 key Ethereum Improvement Proposals (EIPs), collectively addressing scalability, security, and user experience concerns. As mentioned earlier, the Pectra upgrade is part of yet another of Ethereum’s…
Big shorters have placed significant bets on Michael Saylor’s business intelligence and software firm, MicroStrategy, selling stocks worth approximately $6.9 billion. Despite the substantial short positions, MicroStrategy stocks (MSTR), have continued to rise, outperforming investor expectations. MicroStrategy Big Shorters Lose Confidence MicroStrategy short sellers are currently losing confidence as the price of MSTR stocks has skyrocketed over the past six months. The software intelligence firm currently holds a staggering $6.9 billion in short positions, constituting 23.14% of its market capitalization of nearly $30 billion. Short selling is a trading strategy where investors speculate on a stock’s potential decline. These investors,…
According to a Bloomberg report, analysts suggest that the debut of the recently approved Ethereum ETFs in the US may generate significantly less demand than spot-Bitcoin products. Major financial institutions, including BlackRock and Fidelity, await final approvals from the Securities and Exchange Commission (SEC) to list the long-awaited Ethereum funds. However, JPMorgan strategists anticipate much smaller net inflows into Ethereum ETFs than the $15.3 billion flowing into Bitcoin vehicles this year. Analysts Divided On Ethereum ETFs’ Potential Per the report, the success of the five-month-old Bitcoin ETFs can be attributed to a controversial narrative that presents Bitcoin as digital gold,…