The collapse of the cryptocurrency exchange FTX has severely affected the trust investors have in other cryptocurrency exchanges. The feeling caused a lot of cryptocurrency investors to “opt out” of exchanges, and decide to store their cryptocurrency assets in their own wallets. Obviously, this has caused a massive outflow of assets from exchange platforms. Even […]
According to the crypto analytics firm Santiment, the largest Ethereum (ETH) whale addresses are rapidly accumulating ETH. Whale addresses owning over $10.9 million in Ethereum put together $1.03 billion in ETH in a single day. The firm confirms this is the fifth-largest single-day add by a group of whales in the span of one year. […]
Bitcoin was instantly impacted by the Federal Reserve’s interest rate hike on Wednesday and failed to gain traction. Other cryptocurrencies, such as Ethereum also saw to a decrease in value among the world’s leading cryptocurrencies. Following the statement by the US Federal Reserve, Bitcoin lost its grip on the important $19,000 mark. According to Coingecko […]
