Global cryptocurrency funds saw record inflows of $2.45 billion last week, an unusual spike that indicated a sharp increase in investor interest. Due to this inflow, the total assets under management (AUM) has surged to levels not seen since December 2021, indicating a robust recovery in the cryptocurrency market. Record $2.45 billion in inflows propel … Read more
An unidentified hacker gained access to Fixedfloat, an automated cryptocurrency exchange, and stole about $26 million in Bitcoin and Ethereum. The exchange is looking into the incident and trying to close any potential weaknesses; it has already recognized the hack. Until further notice, Fixedfloat’s platform is still closed. $26 million in ETH and BTC are … Read more
The Worldcoin project’s WLD token surged 142.7% this week against the US dollar, topping the leaderboard as the biggest gainer of the week. The digital currency bitget token (BGB), which had a rise of slightly more than 58% in the previous week, was right behind it. On the other hand, Astar (ASTR) dropped 6.4%, which … Read more
The luxury car manufacturer Ferrari has started to accept Dogecoin as payment in the US, marking another significant milestone for the cryptocurrency industry. Customers wishing to purchase a Ferrari using cryptocurrency in America now have the option to do so with the memecoin in addition to Bitcoin, Ethereum, and USDC. After stating in October 2023 … Read more
According to pricing data from February 19, 2024, there has been a period of consolidation in the price of bitcoin following its recent peak of approximately $52,884. Technical data indicates that the top cryptocurrency asset is still rising and could be ready for another increase in value following this period of sideways trade. Charts with … Read more
Three additional U.S. states have sponsored the Blockchain Basics Act, a set of rules designed to protect people’s cryptocurrency rights at the state level: Mississippi, South Carolina, and Ohio. This action has led to the introduction of comparable cryptocurrency regulations in seven states, including Missouri, and their passage. The Blockchain Basics Act Regulation Now Applies … Read more
Co-founder of Ethereum (ETH) Vitalik Buterin has stated that he is looking forward to “Verkle trees” being introduced to the blockchain. The amount of disk space utilized by staking nodes would significantly decrease with the incorporation of the data structure. Buterin expressed his excitement over Verkle trees in a post on the social media platform … Read more
The following three key elements could enable Shiba Inu (SHIB) to meet the $0.01 goal. Three Things That Might Push SHIB to $0.01 Three things might enable Shiba Inu to hit the desired $0.01 mark. Fires Everyone knows that Shiba Inu’s transition to $0.01 is difficult. This is significant due to the massive 589 trillion … Read more
Welcome to Latam Insights, a summary of the most important cryptocurrency and economic news from Latin America during the past week. In this edition: Bitso’s research identifies Latam as a bitcoin region, Mexican billionaire Ricardo Salinas Pliego advises investors on bitcoin investments, and Honduras forbids financial institutions from handling cryptocurrencies. Mexican Billionaire Ricardo Salinas Offers … Read more
Since January 28, 2024, the number of daily transactions on the Bitcoin network has significantly decreased, peaking at over 600,000 and now hovering around 300,000 per day. This decline coincides with a reduction in the number of Ordinal inscriptions created each day, which eases congestion and lowers onchain costs overall. Bitcoin Network Activity Slows as … Read more