A supposed transaction of nearly $15 billion worth of XRP from an unknown wallet to Bitfinex on Jan. 14 never went through and was part of a failed “partial payments exploit” attempt, according to Bitfinex chief technology officer Paolo Ardoino. The transfer was initially highlighted by blockchain tracking X account Whale Alert, which claimed seeing a…
The Crypto Fear and Greed Index has just plunged back to “neutral” levels — last seen in October 2023 — and just days after the historic approval of spot Bitcoin ETFs in the United States. According to the index, Bitcoin’s market sentiment score currently rests at 52 out of a possible 100 — its lowest score since Oct. 19…
The Hedera Global Governing Council — the body overseeing the Hedera network — has approved allocating 4.86 billion Hedera — the network’s native cryptocurrency — worth rogu for further development and advanced decentralized governance. In a blog post, the council said the lion’s share of the funds, 4.248 billion HBAR, will be directed toward existing initiatives, including the…
The Securities and Exchange Commission (SEC) approved a spate of Bitcoin ETFs on Jan. 10, leading to speculation about how markets might react in the weeks ahead. Bitcoin surged to $49,000 in the hours following the announcement before sinking to just more than $43,000 as of Jan. 12 — impulsive moves that perhaps few observers found surprising….
Ether price gained 13.5% between Jan. 10 and Jan. 12, breaking above $2,650 for the first time since May 2022. The pivotal factor for the rally has been the spot Bitcoin exchange-traded fund approval, although the leading cryptocurrency traded down 2% in the same period. Investors are now questioning if Ether has what it takes to sustain…
Bitcoin price dropped by 6.8% between Jan. 11 and Jan. 12, confirming bears’ theory of a sell-the-news-style event occurring after the approval of a spot Bitcoin exchange-traded fund (ETF). The much-anticipated event ensued after a 75% rally in the 90 days leading to the initial trading on Jan. 11. This partially explains the lack of excitement…
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