Author: Kent Tenix

CryptoQuant CEO thinks there’s “something happening behind the scenes” with Bitcoin. Ki Young Ju, the CEO of CryptoQuant, made a big statement about Bitcoin whales and their recent huge BTC purchase. He tweeted about a “secret Bitcoin plan,” saying he’s “pretty sure there’s something going on behind the scenes.” According to his tweet, nearly half a million Bitcoins (404,448 BTC) have been moved to long-term holder wallets in the last 30 days. This amount is worth about $22.94 billion. “We’ll know within a year,” Ju said, hinting at significant developments to come. He referenced a tweet from July 24, where…

The UK government is considering a new legal category for crypto assets. The Law Commission’s latest report suggests reclassifying crypto assets as personal property to address current legal gaps and better protect digital assets. On July 30, the Law Commission of England and Wales proposed creating a new category of personal property specifically for crypto assets. Their supplemental report pointed out flaws in the current legal framework regarding crypto assets. The commission suggested that a more flexible legal approach would help better recognize and protect digital assets by introducing this new property category. New Legislation to enhance oversight of crypto…

The major cryptocurrency bitcoin remains in bearish territory and could decline as low as $50,000 since it failed to reach $73,000 again. Nevertheless, Doctor Profit, who is an expert in crypto currency, points out that at the moment Bitcoin is in a very obvious trading range, which suggests the consolidation phase. Current market sentiment and Bitcoin’s downward trend Crypto analyst Doctor Profit addressed the common belief in the crypto community that the market moves unpredictably. He disagrees, stating that movements should be expected, especially now with the year starting off with a significant sideways trend. Doctor Profit has pointed out…

Chainalysis’ Operation Spincaster uncovered that more than 2,000 crypto wallets owned by Australians fell victim to “approval phishing” scams. The Australian Federal Police is investigating a massive crypto wallet hack involving over 2,000 Australian-owned wallets Following an investigation by Chainalysis, called Operation Spincaster, it was discovered that thousands of crypto wallets owned by Australians were targeted using “approval phishing” scams. “The intelligence we’ve gathered during Operation Spincaster has revealed new tactics used by cybercriminals to defraud Australians,” said AFP Detective Superintendent Tim Stainton in a statement on August 4. “It will form a key part of our ongoing investigations to…

The XRP, has seen a continuous price drop in the last seven days of trading, creating a bearish sentiment for the community. In its graph chart, the asset is making a head and shoulder formation against Bitcoin which is considered as the token will bleed further. Famous crypto analyst Peter Brandit witnessed the same formation in the last seven days XRP graph. Brandit stated that the popular payment network seems to do a bearish reversal. In a recent post in X, Brandt explained to his audience that this chart pattern is a complex head and shoulders developed over several years.…

In the current market scenario, meme coins have become the center of attention for most investors. Coins like Doge and Shiba Inu have grown their market cap to Billions of Dollars, leaving less opportunity for higher gains. Here are some meme coins to watch in August that have yet to grow yet and provide better investment opportunities. Meme Coins to Watch in August Five best meme coins to watch in August for future investment that are yet to be skyrocket and better opportunity. MYRO Coin A Solana-based meme coin created on Co-Founder Raj Gokal’s pet dog is still at the…

Memecoins on Pump.fun laughable headlines that are allowed to be seen in Raydium have gone down since February and have since been “stationary” at 1. 41% for months. Most cryptocurrencies created on Solana’s memecoin tool, Pump.fun, never launch. Dune Analytics data shows that the success rate of Pump.fun tokens making it to the Solana-based Raydium protocol is 1.41%, fluctuating between this and 1.21% since May, with an all-time high of 2.56% on Feb. 16. “The ‘graduation rate’ of coins on Pump Fun (those that made it to $69k and got listed on a dex) is stagnant around 1.4%,” Adam Cochran,…

Bitcoin’s price fell 1.4% to $63,721 on Thursday after the US Federal Reserve kept interest rates steady amid rising Middle East tensions and XRP slips as market dips. This drop below $65,000, the first in a week, came after Fed officials held rates at 5.3% during their July meeting. They hinted that the recent progress in reducing inflation might allow for future rate cuts. Fed Chair Jerome Powell stated that a rate cut “could be on the table” at the next meeting on September 18. Bitcoin Fluctuates as Fed Shifts Focus The central bank’s statement on Wednesday is boosting hopes…

A popular game among the Telegram community for its tap to earn rewards rolled out some recent developments in the publication of a white paper on the Hamster official website. The fastest-growing tap-to-earn game interacts with 239 Million players in just 81 days, which made it the most popular game in the community. While playing a game, players gate rewards in terms of tokens which they can use to unlock other levels. In a recent tweet on X, Hamster Kombat officials announced the roll-out of a white paper, that will show further plans for the Hamster community. Hamster Kombat: Publication…

Amidst this, BlackRock IBIT ETF stands out as a counter-example, currently sitting at $74. In September alone, the inflow of foreign currency stood at $9 million, raising the country’s foreign exchange reserves above $20 billion. The following example shows that on July 30, Bitcoin ETFs posted an $18.3 million outflow, the first such exodus since July 23. Many large issuers, such as Bitwise, ARK, and Fidelity, saw outflows, while Blackrock’s IBIT ETF was an exception to this exodus, with a $74.9 million outflow. This corresponds to $9 million in inflows, lifting the country’s net inflow total to over $20 billion.…