Author: Sophia Hernandez

Article written by Sophia Hernandez

Crypto investments hit $18B YTD, driven by Bitcoin’s surge amid German sales

July 16, 2024 2 mins read

The cryptocurrency industry has experienced a significant increase in investments, totaling around $18 billion year-to-date (YTD), surpassing the highest levels recorded in 2021. Last week, Bitcoin (BTC) experienced a net inflow of $1.44 billion, mainly due to its sales in Germany and strong US Consumer Price Index (CPI) statistics. The rise in value can be ascribed to the German Government’s sale of Bitcoin and the release of US CPI data

Polygon (MATIC) investors remain optimistic despite recent price drops

July 9, 2024 1 min read

Polygon (MATIC) is currently trading below $0.50, with investors waiting for a positive trigger to start recovery. Despite recent losses, the asset’s adoption rate remains steady at 34%, indicating that its value and utility are being recognized. This consistent interest bodes well for the token’s long-term prospects as it continues to gain traction. The best hope for MATIC’s recovery lies with its investors, who remain optimistic despite bearish trends. The

OpenSea CEO remains optimistic about the future of NFTs, emphasizing growth

May 30, 2024 1 min read

Despite market volatility, OpenSea CEO Devin Finzer remains optimistic about NFTs. Finzer told BeInCrypto that digital assets are growing, trends are evolving, and new collaborations are underway. Due to rising gaming and physically supported NFT demand, Finzer said NFTs are not declining. OpenSea has worked with Courtyard on Pokémon card initiatives and Parallel and Revolving Games. “We see emerging use cases popping up on OpenSea all the time,” he added.

Ethereum Whale Transactions Are At Their Highest Since March

May 23, 2024 1 min read

Market research platform IntoTheBlock revealed how Ethereum (ETH) whales have gotten active in a new X article. The analytics business records the number of Ethereum transactions worth more over $100,000 as the “Number of Large Transactions,” which is of importance here. Only whale entities can make such significant single transaction changes, thus these huge investors like to make them. The Number of Large Transactions indication shows whether this cohort is

Top New Crypto: BlockDAG Shines with Dashboard Innovations And $26M Presale Amidst Rising Prices of Avalanche and Litecoin

May 16, 2024 3 mins read

As Avalanche (AVAX) and Litecoin (LTC) navigate through market challenges and show encouraging signs of growth, BlockDAG is emerging as the market’s favorite new cryptocurrency. Celebrating its addition to CoinMarketCap, BlockDAG recently showcased its advancements at Piccadilly Circus in London. The platform has introduced a revamped dashboard on its website, improving the user experience and transparency, while its presale has impressively gathered over $26 million, signaling strong investor confidence. Avalanche

The US SEC seeks a record $5.3 billion fine against Terra founder Do Kwon for fraud

April 26, 2024 1 min read

Following his recent conviction for fraud, the Securities and Exchange Commission (SEC) is reportedly proposing a historic fine of $5.3 billion against Do Kwon, the founder of the Terra ecosystem. This penalty has the potential to become the most substantial in the history of bitcoin. According to Bloomberg, the Securities and Exchange Commission (SEC) responded to a court ruling that determined Kwon and Terraform Labs had unlawfully obtained around $4

Litecoin (LTC) surges by 14% during the last 24 hours, hitting $107

April 1, 2024 1 min read

Litecoin (LTC), sometimes referred to as the “silver” counterpart to Bitcoin’s “gold,” has seen a notable upswing in recent weeks. This spike may be attributed to several causes, including technical aspects, heightened investor enthusiasm, and deliberate stockpiling by miners. The price of LTC has surged by 12% during the last 24 hours, hitting $106.40, after seeing a year-to-date rise of 40%. The daily trading volume has seen a remarkable surge

Iceland’s Prime Minister to reduce crypto mining due to its high energy use

March 25, 2024 1 min read

Iceland’s Prime Minister, Katrín Jakobsdóttir, has announced plans to reduce crypto mining due to its high energy use, surpassing that of Icelandic homes. This aligns with a Bloomberg report highlighting the rise in demand for old Bitcoin mining equipment in places with cheaper electricity, particularly from the US. Iceland is known for its abundant hydro and geothermal energy, making it a prime spot for Bitcoin mining and the top energy

Ethereum whales moves $64M worth of ETH from major exchanges

February 28, 2024 1 min read

Recently, three Ethereum (ETH) whales have transferred around $64 million worth of ETH from centralized exchanges (CEX) Binance and Kraken. This indicate a mix of security measures and investment strategies. The transaction that caught the attention of the crypto community involved an investor pulling 14,632 ETH, valued at around $45.5 million, from Binance exchange within a week, and staking the entire sum, indicating a strong belief in Ethereum’s future growth.

The UK proposes legal status for crypto, aiming for clearer protections

February 26, 2024 1 min read

The UK’s Law Commission has proposed a new legal framework that would treat crypto as property. This new framework aims to clarify and safeguard digital assets under the law. The move is reportedly set to strengthen the enforcement of property rights in cases involving crypto, offering better protection for individuals and businesses involved in the crypto market. In addition, the proposed legal recognizes the distinctive characteristics of digital assets like

FTX exchange plans to sell $1B worth Anthropic shares

February 23, 2024 1 min read

FTX, the defunct crypto exchange, has been approved by the Delaware bankruptcy court to sell 7.84% stake in AI startup Anthropic, which is worth around $1.4 billion. According to reports, the sale is expected to add around $1 billion to FTX’s existing $6.4 billion cash. Note that FTX’s former CEO, Sam Bankman-Fried, invested $500 million in Anthropic in April 2022. In addition, the sale is part of a larger scheme

VeChain (VET) price jumps by over 65% over the past week

February 16, 2024 1 min read

The altcoin (other coins than Bitcoin) market has seen a lot of activity during Bitcoin’s recent surge to over $52,000, which was followed by profit-taking. VeChain (VET) is a standout performer in this regard. VET has increased by over 65% in the last 7 days, outperforming many digital assets in the crypto market. VeChain is illustrating a larger trend of gains in the market as it is trading at $0.04809