In the world of cryptocurrency, Ethereum has long been considered a major player alongside Bitcoin. However, in recent years, Ethereum’s performance relative to Bitcoin has shown a significant decline. This decline has been attributed to various factors, signaling potential challenges for the future of Ethereum. Transition from Proof-of-Work to Proof-of-Stake One of the major events
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Over the past week, Bitcoin experienced a tumultuous journey in terms of price fluctuations. The digital asset initially surged towards the $60,000 mark on Tuesday, only to face a sharp rejection that sent it spiraling down to $55,500 by Wednesday. This downward trend continued as another lower high on Thursday brought the price further down
Bitcoin’s market price on crypto exchanges recently fell to its lowest price since the early August massacre, dropping below $50,000 for the first time since the implementation of spot Bitcoin ETFs in the US. Following this dip, BTC has seen a 7% decrease in the past seven days, indicating that bears may be back in
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. Despite the broader downturn, certain metrics indicate growing optimism, as a portion of the market appears to be accumulating ADA at these levels. This suggests that investors may expect a reversal
In a groundbreaking case in Scotland, a sum of £110,000 was confiscated from 29-year-old John Ross Rennie, marking the first instance where proceeds of crime legislation have been utilized to seize cryptocurrency as physical cash. Rennie, a resident of Cambuslang, was found guilty of possessing stolen goods in connection to a violent robbery that took
The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) has shed light on the significant deficiencies in the bank’s governance, particularly its adherence to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. This order, stemming from an examination conducted in May
Ethereum has been facing a significant bearish trend recently, with a sharp decline in price following a pullback to the lower boundary of a broken wedge pattern. This has been exacerbated by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. Such indicators have instilled fear and
In the volatile world of cryptocurrency trading, large investors known as whales play a significant role in market movement. Despite the ongoing fluctuations in the crypto market, data intelligence firm Santiment has identified the top ten crypto projects experiencing a surge in whale activity. Ethereum-based SuperRare One of the projects topping the list is SuperRare,
Opeyemi is not just your regular writer; he is a dedicated enthusiast in the dynamic and captivating realm of cryptocurrency. Despite not initially gravitating towards the digital asset industry, Opeyemi delved into this space over two years ago and has been captivated ever since. His passion lies in creating thought-provoking pieces that demystify the complexities
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. Since then, Ethereum has fallen 44% against Bitcoin. This dramatic