In the ever-changing landscape of cryptocurrency, Bitcoin is once again testing the psychological barrier of $100,000, following a notable recent dip of approximately 2.22% over a 24-hour period. This price drop has not deterred the trading community from engaging with Bitcoin. In fact, it has shown resilience by recovering from a low around an order
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In an era where technology intersects with traditional betting, the emergence of decentralized platforms like Polymarket has sparked not only innovation but also significant ethical and regulatory debates. Recently, Polymarket has drawn intense scrutiny from various regulatory bodies and members of the public due to its decision to facilitate betting on natural disasters, particularly the
In a significant regulatory move, the Australian Securities and Investments Commission (ASIC) has imposed a penalty of $5 million on Bit Trade, the entity responsible for operating the Kraken exchange in Australia. This fine is rooted in the company’s failure to comply with legal obligations regarding the issuance of credit facilities, as outlined in a
As the price of Bitcoin (BTC) confidently approaches the monumental $100,000 mark, the sentiment among long-term holders—often referred to as HODLers—has shifted markedly towards greed. This shift, marked by an observable reluctance to sell despite rising prices, offers critical insights into market dynamics and investor behavior. Furthermore, a closer examination of market trends and data
The recent price surge in Bitcoin has resulted in long-term holders profiting from their holdings. According to a market report by on-chain analytics platform Glassnode, long-term holders (LTH) are currently in profit, with only a negligible amount of 4,900 BTC (0.03% of LTH) acquired above Bitcoin’s current price. These long-term holders are mainly individuals who
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A recent transaction involving the third-largest meme coin by market cap, PEPE, has caught the eye of the crypto community. A wallet purchased an astonishing 1.238 trillion PEPE from Binance, totaling $10.4 million. The wallet then proceeded to withdraw the tokens in two separate transactions, indicating a significant interest in the meme coin. On-chain data
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