As seasoned investors and financial experts all around increasingly agree that the United States is heading toward a recession, some asset classes might perform better than others as the depression unfolds, according to Bloomberg’s senior commodities specialist Mike McGlone. Specifically, as per McGlone’s analysis, gold could be in a more favorable position in comparison to the flagship cryptocurrency, Bitcoin (BTC), ...
The Bitcoin (BTC) network is showing signs of contraction, which could lead to a potential price drop. As the number of wallets decreases, it indicates a lower demand for the cryptocurrency, and a decrease in user adoption rates, according to the network analysis by crypto market expert Ali Martinez on May 8. When there are fewer wallets, it means that ...
Despite the prices of Cardano (ADA) moving in the negative trend as it follows the majority of assets on the cryptocurrency market, its underlying network is witnessing a massive increase in transactions involving Cardano decentralized finance (DeFi) applications thanks to the hype around two new meme cryptocurrencies. Specifically, transactions on Cardano DeFi apps have soared to 250,000 per epoch (an ...
As the cryptocurrency industry eagerly awaits the court’s final decision in the ongoing legal standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, a heated Twitter discussion has been happening behind the scenes while Ripple CEO has thanked the XRP community for its support. Indeed, after Twitter user King Solomon posted a video of a ...
Despite China’s existing blanket ban on digital assets, the regulation of its cryptocurrency sector continues to evolve with new development. In a recent update, the country’s Supreme Court released guidelines regarding cryptocurrency-related disputes, stating that settling a debt using a small amount of digital assets would be considered legal if both parties agree, Wu Blockchain reported on May 7. The ...
The widening concerns in the United States banking sector have raised the alarm among experts, who now predict that more lenders will likely face insolvency. Analysts at the Hoover Institution think-tank have specifically highlighted that several US banks are already facing losses, and the involvement of these lenders in the system has led to concerns over an acceleration of bank ...
As Bitcoin (BTC) consolidates below the $30,000 mark, the focus in the cryptocurrency market has shifted to alternative coins or altcoins. In this line, crypto trading expert Michaël van de Poppe has highlighted this trend, noting that several altcoins are showing signs of breaking out and gaining traction. In a YouTube video posted on May 6, the recognized investor suggested ...
Despite the ongoing legal battle with the Securities Exchange Commission (SEC), Ripple CEO Brad Garlinghouse has taken a moment to express his gratitude for the support shown by the XRP community. Amid the case’s proceedings, there have been numerous challenges and developments between both parties, and the community’s support has not gone unnoticed by the Ripple leadership. In this line, ...
Early in May, Bitcoin (BTC) transaction fees skyrocketed, eventually hitting an all-time high over the last two years. On Wednesday, May 3, the total amount of fees paid on the Bitcoin blockchain reached $3.57 million, climbing around 400% from late April. This surge can be attributed to the creation of BRC-20 tokens; these tokens were introduced just two months ago as ...
Litecoin (LTC) has recently suffered a significant price decline, throwing investors into a state of uncertainty regarding its future trajectory. Despite the much-anticipated halving event predicted to occur in 88 days, Litecoin has failed to hold up to its price levels. In its bid for a V-shaped recovery on April 26, Litecoin was striving to hit the pivotal resistance level ...
