A leverage flush down to $60,000 might trigger an elongated bearish phase. The NVT Ratio indicated that Bitcoin was overvalued, but could rally much later. According to Will Woo, an expert in Bitcoin analysis who focuses on on-chain data, there’s a possibility that the price of Bitcoin could revisit the bear market. On the platform … Read more
Edward Snowden, a former employee of the National Security Agency (NSA), has revealed that the agency is on the verge of significantly increasing its internet surveillance capabilities within the next few days. On April 16, Snowden brought up a concerning thread on X, which was initially shared by Elizabeth Goitein. Goitein is the co-director of … Read more
The cost of a Bored Ape Yacht Club (BAYC) non-fungible token on the floor, which is the lowest price available, has dropped by more than 90% from its highest point and now stands at only 11.1 Ether (ETH). This is the cheapest it’s been since August of 2021. The floor price for BAYC NFTs on … Read more
Over the last two days, only BlackRock’s Bitcoin ETF based in the US, which deals directly with bitcoin, has attracted investments. No other Bitcoin ETFs in the US have reported any inflows or even saw decreases. On April 15, the iShares Bitcoin Trust (IBIT) reported net investments of $73.4 million, a decrease from the $111.1 … Read more
Elon Musk, a wealthy tech businessman and founder of X, the microblogging site, aims to solve its persistent spam issue by introducing fees for new users to tweet. However, some remain skeptical that this move will effectively stop the influx of crypto-scam bot activity. Elon Musk, proprietor of X, expressed regretfully on April 15 that … Read more
A man in the United States is accused by prosecutors of defrauding two cloud computing companies and faces charges for wire fraud and money laundering. If found guilty, he could spend up to 50 years behind bars for operating an illegal “cryptojacking” scheme on a large scale. On April 15, the U.S. Attorney’s Office in … Read more