In about nine months, the amount of Bitcoin available on cryptocurrency exchanges is expected to significantly decrease due to this week’s Bitcoin halving event, which reduces the issuance of new Bitcoins by half. If US Bitcoin exchange-traded funds (ETFs) maintain their inflows, Bitcoin’s post-halving supply situation may result in Bitcoin (BTC) reserves being depleted from … Read more
In 2022, the value of cryptocurrencies plummeted by over 70%, marking a significant downturn for the market. This slide occurred amidst a wave of negative global attention towards the industry. Notable events included the bankruptcy of FTX and the imprisonment of Sam Bankman-Fried, as well as the $50 billion crash of Terra Luna’s ecosystem. Inflation … Read more
A $5 billion difference between XRP and USDC could make it difficult for the token to rise back to 6th. Though the exchange outflow was way more than the inflow, the price might see another red. Within a span of two days, the trading activity for XRP decreased dramatically, dropping from a volume of approximately … Read more
Advanced threshold cryptography, which is a complex encryption technique, will be employed by the Internet Computer Protocol (ICP) to enable decentralized finance features and activate smart contracts directly on Bitcoin‘s fundamental layer. At Paris Blockchain Week, Aisling Connolly, a senior research scientist at Dfinity, explained to CryptoMoon how ICP‘s adoption of threshold-Schnorr signatures would allow … Read more
In Q1 2024, the South Korean won emerged as the most frequently exchanged traditional money versus cryptocurrencies on a global scale. According to a report by Kaiko released on April 15, more than $456 billion in trading volume was handled by the top crypto exchanges, surpassing the $455 billion mark in U.S. dollar terms. According … Read more
Bullish sentiment soars as halving event nears. However, some indicators suggest the possibility of a further drop in BTC’s value. According to an anonymous analysis by CryptoQuant’s Gaah in a recent report, the Bitcoin market may experience a price drop before any potential increase following the halving event. On April 19th, the planned “halving” occasion … Read more