Author Alexander Stefanov

BitMEX Moves $800 Million in Bitcoin Amid Market Turbulence

BitMEX made headlines by transferring over $800 million worth of Bitcoin (BTC) in two significant transactions amidst market volatility.

07.07.2024 10:30 1 min. read Alexander Stefanov

Grayscale Updates Crypto Fund Allocations for Q2 2024

Grayscale Investments has updated the weightings of its key funds following the second quarter 2024 reviews.

07.07.2024 10:00 1 min. read Alexander Stefanov

US Housing Market Signals Economic Downturn Amidst Uncertainty

The United States housing market is showing worrisome signs of a potential economic downturn amid growing uncertainty.

07.07.2024 9:30 2 min. read Alexander Stefanov

BRICS: Russia and Iran Expand Payment System Integration

BRICS has been on a crusade to ditch the US dollar and its members are trying to integrate expand the usage of their own payment systems and promote local currencies.

07.07.2024 9:00 1 min. read Alexander Stefanov

Potential Impact of Donald Trump Presidency on Bitcoin (BTC)

As the US presidential election nears, crypto traders and analysts speculate a Donald Trump victory could significantly boost Bitcoin, per the Financial Times.

07.07.2024 8:30 1 min. read Alexander Stefanov

Ethereum Ecosystem Loses $400 Million in 2024 Exploits

Cybersecurity firm SlowMist reports that the Ethereum ecosystem has lost $400 million to exploits so far this year, amid a 50% rise in crypto hacking incidents.

07.07.2024 8:00 1 min. read Alexander Stefanov

Wall Street Analysts Predict Major Declines for Top AI Stocks

AI, in essence, refers to software and systems performing tasks typically handled by humans, with the remarkable capability of learning and improving without human intervention.

07.07.2024 7:30 2 min. read Alexander Stefanov

Ex-Goldman Sachs Exec Predicts Crypto Market Cap to Hit $100 Trillion

Raoul Pal, CEO of Real Vision, predicts that the total crypto market cap could soar to an astounding $100 trillion.

07.07.2024 7:00 2 min. read Alexander Stefanov

Kaspa Shines Amid Market Slump: A Bullish Future Ahead?

In a recent analysis by FireHustle, the strengths and weaknesses of Kaspa were evaluated, along with potential effects on its price and a recommended trading strategy.

07.07.2024 6:30 2 min. read Alexander Stefanov

GameStop Stock Drops Amid Roaring Kitty’s Silence

GameStop’s stock declined by over 3% last week, closing at $24.18 on Friday. This drop exacerbates the company’s recent losses, pushing the stock down more than 23% since June 5.

07.07.2024 6:00 1 min. read Alexander Stefanov

How FTX’s $16 Billion Payout Could Affect Bitcoin and Solana Prices

At a pivotal moment for the cryptocurrency world, FTX, the exchange that collapsed in November 2022 under the leadership of the convicted Sam Bankman-Freed, is about to pay out a whopping $16 billion to its customers.

06.07.2024 22:00 3 min. read Alexander Stefanov

Bitcoin Sales by Governments Don’t Have Much Impact, According to Crypto Analyst

Recent declines in the crypto market have sparked discussions among traders about the impact of government sell-offs on the price of Bitcoin.

06.07.2024 20:00 2 min. read Alexander Stefanov

US House of Representatives to Vote on Controversial Bulletin for Crypto Companies Next Week

The House of Representatives is set to vote on President Joe Biden’s veto of Statement of Accounting Bulletin 121 (SAB 121), a decision that has sparked significant controversy.

06.07.2024 18:00 2 min. read Alexander Stefanov

Ripple CLO Criticizes US Crypto Regulation Amid SEC Battle

Amid the ongoing legal dispute between Ripple and the U.S. SEC, Stuart Alderoty, Ripple’s Chief Legal Officer, expressed dissatisfaction with the U.S. regulatory framework for digital assets during a panel discussion at the Point Zero Forum in Zurich, Switzerland.

06.07.2024 12:00 1 min. read Alexander Stefanov

Crypto Analyst Forecasts Bitcoin Breakout Before Year-End

Jason Pizzino, a prominent crypto strategist, anticipates Bitcoin (BTC) is currently consolidating in preparation for a significant rally by the year’s end.

06.07.2024 11:30 1 min. read Alexander Stefanov

Is the Current Market Correction a Good Opportunity for Crypto Investors?

Bitcoin’s recent market correction has sparked concerns among investors, but seasoned analysts stress the importance of viewing these downturns through a broader historical lens.

06.07.2024 10:30 2 min. read Alexander Stefanov

PancakeSwap Launches Community Reward Initiative

PancakeSwap, a decentralized exchange (DEX) operating across multiple chains, has unveiled a significant community reward program starting July 5th at 10:30 am UTC until August 5th at 10:30 am UTC.

06.07.2024 10:00 1 min. read Alexander Stefanov

Northern Data Faces Legal Battle Over Financial Misrepresentation Allegations

Northern Data, a company with stakes in both cryptocurrency and AI infrastructure, is currently facing a lawsuit filed in California by former executives Joshua Porter and Gulsen Kama.

06.07.2024 9:30 2 min. read Alexander Stefanov

Bitcoin Prices Affected by German Government’s $397 Million Sales

Bitcoin (BTC) has recently plummeted to a four-month low, shedding over 25% from its peak of $73,135 on March 13, triggering a significant downturn across the cryptocurrency market.

06.07.2024 9:00 1 min. read Alexander Stefanov

Peter Schiff Warns of Bitcoin ETF Risks Amid Market Volatility

Renowned cryptocurrency critic Peter Schiff has voiced concerns over potential turmoil in Bitcoin ETFs, foreseeing a significant sell-off that could further destabilize the market.

06.07.2024 8:30 1 min. read Alexander Stefanov

Founder of FTX Exchange Faces Allegations in $100 Million Political Funding Scandal

Sam “SBF” Bankman-Fried, founder of the defunct FTX crypto exchange, is embroiled in a financial scandal involving over $100 million in misused company assets for political contributions.

06.07.2024 8:00 1 min. read Alexander Stefanov

Taiwan Mobile Ventures into Crypto with VASP Registration

Taiwan Mobile, Taiwan’s second-largest telecom operator, has become the country’s 26th virtual asset service provider (VASP), positioning itself to potentially launch a cryptocurrency exchange.

06.07.2024 7:30 1 min. read Alexander Stefanov

Crypto Trader Predicts Ethereum Surge and Bullish Altcoin Phase

A well-known crypto trader and analyst is feeling optimistic about Ethereum compared to Bitcoin.

06.07.2024 7:00 2 min. read Alexander Stefanov

EU Expands AML Rules to Crypto Providers

The European Banking Authority (EBA) is extending its Travel Rules guidelines to include crypto service providers and their intermediaries, effective December 30 under Regulation (EU) 2023/1113.

06.07.2024 6:30 1 min. read Alexander Stefanov

Mt. Gox Repayments Could Trigger Further Bitcoin Sell-Off

The repayment of Bitcoin by the now-defunct Mt. Gox exchange is expected to create significant selling pressure, potentially pushing Bitcoin prices down.

06.07.2024 6:00 2 min. read Alexander Stefanov

Recent XRP Data Shows Whales Increasing Holdings Amid Price Decline

XRP has seen a rise in holdings by its largest investors, known as whales, despite recent price declines.

05.07.2024 21:00 1 min. read Alexander Stefanov

Oil Holds Near Two-Month High Amid Bullish Sentiment

Brent crude hovers around $87 per barrel, poised for its fourth consecutive weekly gain as global equities hit record highs and US inventories decline.

05.07.2024 20:30 1 min. read Alexander Stefanov

Dogecoin Declines Amid Increased Whale Activity

Dogecoin saw a significant drop as Bitcoin fell ahead of Mt. Gox repayments. The market downturn coincided with increased whale activity and liquidations.

05.07.2024 20:00 1 min. read Alexander Stefanov

Bybit Referral Promo Code (Sign-up Bonus) 

Bybit.com is currently a leading cryptocurrency exchange for futures trading. If you haven’t opened an account with them yet, we have great news!

05.07.2024 13:37 5 min. read Alexander Stefanov

How To Open a Bitcoin Account Or Wallet?

If you got here then you are probably wondering: how to open a bitcoin account? However, we need to clarify something. Bitcoin is not stored in an account, but in a so-called digital wallet – just like other cryptocurrencies, by the way. In today’s article we’ll explain everything in detail for you! Check out how to open a Bitcoin account and which wallet to choose!

05.07.2024 13:29 5 min. read Alexander Stefanov

Best Apps For Crypto and Bitcoin Trading on Phone

Do you trade crypto but get tired of constantly sitting in front of your computer screen? Nowadays, many exchanges offer their own crypto and bitcoin apps. These apps are intuitive and have almost the same functionalities as their desktop versions. However, the choice is so vast that it can be hard to decide, and that’s why we’re here to help. In today’s article, we’ll present the best crypto and Bitcoin apps!

05.07.2024 13:22 5 min. read Alexander Stefanov

Crypto Bloodbath Liquidates $640 Million in the Past Day

The crypto bloodbath continues as Bitcoin dipped below $54,000 with the rest of the market following its lead.

05.07.2024 12:44 1 min. read Alexander Stefanov

US Economy on Brink of Recession: Dire Warning from BCA Research

The lingering impact of the 2008-2009 Great Recession compounded by the Covid-19 downturn continues to haunt the US economy, stirring concerns about financial stability.

05.07.2024 12:00 1 min. read Alexander Stefanov

Court Orders $84 Million Repayment in Crypto Ponzi Scheme

A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived by his Ponzi-like scheme.

05.07.2024 11:30 1 min. read Alexander Stefanov

Will Biden’s Debate Struggles Affect Stock Market Confidence?

As President Joe Biden faces mounting challenges following a tumultuous TV debate last week, investors are contemplating the potential market impact of any shift in Democratic leadership.

05.07.2024 11:00 1 min. read Alexander Stefanov

Ark Invest Sells $15M Tesla Shares Amidst After Strong Performance

Cathie Wood’s Ark Invest has made its first sale of Tesla shares in nine months, offloading $15 million worth of the electric vehicle maker’s stock.

05.07.2024 10:00 1 min. read Alexander Stefanov

BRICS: Iran and Russia Push for Non-Dollar Trade Amid Sanctions

Iran and Russia are committed to reducing their dependence on the US dollar by promoting the use of their national currencies in bilateral trade, stated Mohammad Reza Farzin during a speech to Russian economic activists in St. Petersburg.

05.07.2024 9:00 1 min. read Alexander Stefanov

JPMorgan Warns of Economic Risks from Potential Trump Policies

JPMorgan Chase has issued a warning about the economic consequences of the upcoming presidential election.

05.07.2024 8:30 2 min. read Alexander Stefanov

SEC Intensifies Scrutiny on Crypto Venture Capital Firms

The US Securities and Exchange Commission (SEC) has intensified its scrutiny of the cryptocurrency sector, now targeting venture capital firms within the industry.

05.07.2024 8:00 1 min. read Alexander Stefanov

German Politician Urges the Government to Stop the Bitcoin Sell-Off

Joana Cotar, an independent Bundestag member, has called on the government to cease its Bitcoin sell-off.

05.07.2024 7:30 1 min. read Alexander Stefanov

Bitcoin Price Falls Below $54,000 After Mt.Gox Transfers $2.7 billion in BTC

Bankrupt Japanese crypto exchange Mt. Gox has transferred 47,229 BTC (worth approximately $2.71 billion) into a new wallet, making its first significant transaction since May.

05.07.2024 7:00 2 min. read Alexander Stefanov

Whales Find Ideal Time to Buy Bitcoin, Says CryptoQuant CEO

According to CryptoQuant’s CEO, Ki Young Ju, now is a prime opportunity for large investors to gather Bitcoin (BTC).

05.07.2024 7:00 1 min. read Alexander Stefanov

Dormant Bitcoin Wallet with $6.99 Million Reawakens After 12.4 Years

A Bitcoin address that has been inactive for over 12 years has suddenly become active, according to Whale Alert.

05.07.2024 6:30 1 min. read Alexander Stefanov

Assessing Crypto Market Signals: Potential for Continued Bear Market Trends

Cryptocurrencies are currently navigating through turbulent waters marked by sharp corrections following a recent attempt at recovery.

05.07.2024 6:00 1 min. read Alexander Stefanov

So it Begins – Mt. Gox Transferred Over $2.7 Billion in Bitcoin

After 10 years of waiting, investors in bankrupt crypto exchange Mt. Gox will soon start getting their money back.

05.07.2024 3:43 1 min. read Alexander Stefanov

Russia Considers Using Stablecoins for Transactions

Russia is considering legalising stablecoins for international transactions to streamline cross-border payments for its companies.

04.07.2024 14:30 2 min. read Alexander Stefanov

Bitcoin Trades Below $58,000 – How Much More Downturn Can We Expect?

The price of Bitcoin (BTC) recently slipped below a significant support level at $60,000, even dropping below $58,000.

04.07.2024 12:15 2 min. read Alexander Stefanov

Crypto Whales Have Amassed Over $300 Million Worth of Bitcoin in the Last Month

The latest data from cryptocurrency analytics firm IntoTheBlock reveals that Bitcoin whales have begun aggressively buying the largest cryptocurrency after its price fell below the $60,000 mark.

04.07.2024 12:00 1 min. read Alexander Stefanov

Germany Transferred Bitcoin Worth Over $75 Million

The wallet belonging to the German government, designated as “German Government (BKA)” has again transferred Bitcoin (BTC) tokens to some crypto exchanges, but this time in larger quantities.

04.07.2024 11:37 1 min. read Alexander Stefanov

Genesis Digital Assets is the Latest Bitcoin Mining Company to Go for a US IPO

A Bitcoin mining firm backed by Sam Bankman-Freed, the founder of FTX, is exploring the possibility of an initial public offering (IPO) in the US.

04.07.2024 11:00 1 min. read Alexander Stefanov

BRICS: Russia Exploring Crypto For International Payments

Russia’s central bank has urged businesses to explore alternative methods for cross-border payments, including cryptocurrencies and digital assets, to mitigate the impact of Western sanctions.

04.07.2024 9:00 2 min. read Alexander Stefanov

Ethereum Has Generated Twice as Much Tax Revenue as Bitcoin

According to a recent Lookonchain report, Ethereum has outpaced Bitcoin in fee revenue by an impressive 100% in the past year.

04.07.2024 8:30 1 min. read Alexander Stefanov

Mt. Gox Payout Won’t Crash the Market – CoinShares

CoinShares analysts believe that concerns about the impact of the Mt. Gox payout on the crypto market are likely overblown.

04.07.2024 7:30 2 min. read Alexander Stefanov

Bitwise Has Filed Corrections to its Application for Spot Ethereum ETF

Expectations for the start of spot Ethereum ETF trading are becoming increasingly positive and experts are of the opinion that it is only a matter of time until final approval.

03.07.2024 22:28 1 min. read Alexander Stefanov

Over Half of US Hedge Funds Hold Bitcoin

More than half of the top US hedge funds have disclosed investments in newly launched Bitcoin exchange-traded funds (ETFs) in the past year.

03.07.2024 18:14 1 min. read Alexander Stefanov

Crypto Whales Have Bought Toncon (TON) for Nearly $350 Million in a Week

A prominent crypto analyst has noted a major shift in the market, pointing out that major investors are putting significant funds into one of the leading altcoins.

03.07.2024 17:00 1 min. read Alexander Stefanov

Bitcoin Falls Below $60,000 – Market Correction Not Over

Bitcoin (BTC), like most of the cryptocurrency market, saw a price correction today.

03.07.2024 15:01 1 min. read Alexander Stefanov

Deutsche Digital Assets Launches World’s First Smart Bitcoin ETP

Deutsche Digital Assets has introduced the DDA Bitcoin Macro ETP – the first ever smart Bitcoin Exchange Traded Product (ETP) designed to dynamically adjust exposure to BTC based on macroeconomic conditions.

03.07.2024 13:20 2 min. read Alexander Stefanov

Swiss State Bank Adds New Crypto Services

While Bitcoin and the broader cryptocurrency markets are experiencing a period of stagnation, PostFinance, a bank wholly owned by the Swiss government, has provided some positive news for 5 altcoins.

03.07.2024 13:00 1 min. read Alexander Stefanov