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Ethereum's Price Fluctuations and Investor Wariness On January 29, 2024, the price dynamics of ethereum reveal a complex interplay of market elements. Currently, ether is valued at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its impressive market capitalization of $270 billion, the trading volume of ether remains modest, indicating a sense […]

Introduction BlackRock's spot Bitcoin ETF is currently surpassing the trading volume of the Grayscale Bitcoin Trust (GBTC), marking a significant shift in the market. This development suggests a potential slowdown in outflows for GBTC, which has experienced substantial selling pressure since its launch. Other spot Bitcoin ETFs, such as BlackRock and Fidelity, have seen significant

A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of crypto. The survey, which targeted users in France, Spain, Italy, and Sweden, aimed to gain insights into their crypto investing habits. The results, released on January 24, shed light on the growing interest in

Introduction The Stellar Development Foundation (SDF) has made the decision to delay the Protocol 20 upgrade of the Stellar blockchain network, which was originally scheduled for January 30. This delay comes as a result of the discovery of a bug that could potentially impact Soroban smart contract transactions. Discovery of the Bug In a blog

NFT Market Faces Sharp Decline The week of January 20 to January 27, 2024, witnessed a significant decline in the sales volume of non-fungible tokens (NFTs), with a plunge of 21.25% compared to the previous week. The leading blockchains in terms of seven-day sales, Ethereum and Bitcoin, experienced substantial decreases of 28.78% and 12.62%, respectively.

Insights on Bitcoin's Future Trajectory In a recent interview with Gareth Soloway, the chief market strategist at verifiedinvesting.com, Soloway shared his thoughts on bitcoin's latest trends and its potential future trajectory. He discussed his approach to analyzing various data sets and drawing conclusions, highlighting the alignment of the 2017 and 2021 bitcoin bull markets with

The Immature Nature of Cryptocurrency Financial giant Vanguard has recently addressed the reason behind its decision not to make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. According to Vanguard, cryptocurrency is an immature asset class with little history, no inherent economic value, no cash flow, and the potential to create havoc within

A New Low for the Nigerian Naira The Nigerian currency, the Naira, has recently experienced a significant plunge against the U.S. dollar on the official market. On January 25th, it briefly fell to NGN1,398 per greenback. This new record low almost converged with the parallel market exchange rate of NGN1,400:USD1. Continued Depreciation The depreciation of

JPMorgan's Analysis of Bitcoin's Price Outlook Global investment bank JPMorgan has provided its insights into the recent crypto market developments, particularly the decline in the price of Bitcoin (BTC) from over $47,000 to below $39,000 following the approval of the spot Bitcoin exchange-traded fund (ETF). One significant factor contributing to the Bitcoin selloff is the

SEC Prioritizes Crypto Enforcement The U.S. Securities and Exchange Commission (SEC) saw a significant surge in crypto-related enforcement actions in 2023, with a 50% increase compared to the previous year, according to a report by Cornerstone Research. The SEC continues to prioritize cryptocurrency-related enforcement, bringing 46 enforcement actions against various participants in the digital-asset market.