Practically one-third of the South Korean inhabitants has reportedly invested in Bitcoin (BTC) and different digital property. The Seoul-based information company Yonhap, citing knowledge launched by the South Korean authorities, reports that as of late February of this yr, 16.29 million folks have opened accounts on Upbit, Bithumb, Coinone, Korbit and Gopax, the nation’s high 5 home crypto exchanges. South Koreans with accounts at a number of exchanges have been reportedly solely counted as soon as to maintain the info correct. The nation at present has an total inhabitants of almost 52 million. There have been 14 million crypto buyers…
Author: CryptoAINews
An analyst has identified two main Dogecoin resistance ranges that might doubtlessly pave the trail to the following bull run for the memecoin’s worth. These Dogecoin Ranges Stand Out In Phrases Of On-Chain Resistance In a brand new post on X, analyst Ali Martinez has mentioned in regards to the resistance partitions current forward for DOGE based mostly on the UTXO Realized Price Distribution (URPD). The URPD is an on-chain metric created by the analytics agency Glassnode that tells us, in brief, in regards to the quantity of provide that was purchased at numerous ranges that Dogecoin has visited in…
Kentucky has formally dropped its lawsuit towards Coinbase over the trade’s crypto-staking providers.In line with a joint filing submitted on March 31, the state’s Division of Monetary Establishments dismissed the case with out prejudice, signaling a broader shift in regulatory sentiment.Paul Grewal, Coinbase’s Chief Authorized Officer, responded by highlighting the rising momentum in favor of crypto. He identified that Kentucky’s determination mirrors comparable actions not too long ago taken by Vermont and South Carolina.Grewal emphasised the necessity for Congress to ascertain a nationwide regulatory framework, saying the patchwork of state lawsuits is inefficient and unsustainable.In February, the US Securities and…
Solana’s sharp decline in Q1 has raised issues in regards to the asset’s future route. With no clear catalyst for restoration, additional draw back may very well be on the desk. Solana [SOL] kicked off 2025 with a tricky Q1, dropping 34% and shedding $100B in market cap, wiping out all of the positive aspects from the pre-election hype. Now, again to its September 2024 low, will Q2 be any completely different, or is the danger of high-stakes sell-offs nonetheless too sturdy? Danger of capitulation grows as FOMO fades Solana, like many high-cap property, has struggled because of a mixture…
In an ironic coincidence, the hacker behind February’s $9.57 million exploit on zkLend has allegedly fallen sufferer to a different rip-off. The suspected legal claimed in an on-chain message that they misplaced 2,930 ETH, price about $5.4 million, whereas making an attempt to launder the stolen funds via Twister Money. The zkLend Hack zkLend additionally confirmed the weird flip of occasions in a put up on X, stating that the attacker had interacted with a recognized phishing web site, tornadoeth[.]money, as they tried to cowl their tracks from pursuers. The rip-off website is alleged to have been in operation for…
Trump and Tariffs: A Lengthy Historical pastTrump has supported tariffs for many years. In a 1987 interview, he criticized overseas nations for “ripping off the USA.” His first main tariff transfer got here in 2018 when he imposed duties on Chinese language items as a consequence of alleged mental property theft and unfair commerce practices.On January 20, 2025, Trump signed an government order getting ready for brand spanking new tariffs. Some took impact on February 4, 2025, together with:A ten% tax on all Chinese language imports25% tariffs on Canada and MexicoLiberation Day is the subsequent step in his broader financial…
Renewable power may energy over 70% of Bitcoin (BTC) mining operations by 2030, in keeping with a report printed by MiCA Crypto Alliance andh information analytics agency Nodiens.The report highlighted that this shift comes as miners transfer away from fossil fuels in favor of cleaner options like wind, photo voltaic, hydro, and power from waste.Renewable power use within the mining sector stood at 41% by the tip of 2024, in comparison with solely 20% in 2011.In keeping with the report:“The composition of renewable power has diversified over time. Photo voltaic and wind power have seen exceptional progress, reaching 6.07% and…
Crypto asset supervisor and analysis agency CoinShares says institutional buyers poured tens of millions of {dollars} into altcoin digital asset funding merchandise final week. In its newest Digital Asset Fund Flows Weekly Report, CoinShares says crypto merchandise loved inflows final week after record-setting ranges of outflows. “Digital asset funding merchandise noticed US$226m of inflows final week suggesting a constructive however cautious investor. Following the biggest outflows on file, ETPs have seen 9 consecutive buying and selling days of inflows. Final Friday was the exception, seeing minor outflows totaling US$74m, possible in response to core private consumption expenditure within the US coming…
On-chain knowledge reveals the Bitcoin Community Worth to Transactions (NVT) Golden Cross is at the moment exhibiting a trajectory that would counsel a bearish final result for the BTC worth. Bitcoin NVT Golden Cross Is Close to Overheated Territory Proper Now As defined by an analyst in a CryptoQuant Quicktake post, the NVT Golden Cross has a excessive worth in the mean time. The “NVT Ratio” is an on-chain indicator that retains observe of the ratio between the Bitcoin market cap and transaction quantity. The market cap right here is just the entire worth of the cryptocurrency’s circulating provide on…
Regardless of Bitcoin (BTC) falling almost 12% within the first quarter to $82,683.16 amid the market uncertainty, it has outperformed the S&P 500 and gold since Election Day.Gold just lately hit a brand new all-time excessive of over $3100, up by almost 14% since Nov. 5. Conversely, the S&P 500 is down by roughly 3% in the identical interval.In the meantime, BTC has soared by since Election Day, climbing 22% from its opening value of $67,823.49Traders promoting the information and tight liquidityThe newest version of the Bitfinex Alpha report famous that Bitcoin’s value slid within the first quarter on account…