Blog By Sammy

  Ethereum Flash Crash -  The  Commodity Futures Trading Commission  is investigating Coinbase for an  Ethereum “flash crash” that occurred in June. During the crash, the  ETH  exchange rate plummeted down in an instant, but quickly regained its price. According to  Bloomberg , Ethereum dropped from trading at $317.81, down to 10 cents in a split second. However, its recovery was also swift. It regained a $300 price point in mere seconds.  The Bloomberg article said, “The  Commodity Futures Trading Commission  has requested information from Coinbase Inc. about a June 21 incident on its GDAX platform in which the Ether digital token suffered a precipitous drop, falling to 10 cents from $317.81 in milliseconds before quickly recovering, said two people familiar with the matter.” Could Margin Trading have caused the Plunge? The CFTC is concerned that leveraged or margin trading may have precipitated the flash crash. Margin tradin...

 Ripple CEO -  In a recent interview, Ripple chief executive officer, Brad Garlinghouse, and  Ethereum  co-founder, Joseph Lubin, have  criticized  the current state of the ICO industry. The pair expressed concerns that although many “high-quality projects” are using ICOs as a fundraising vehicle, numerous “copycat projects” have raised money without “intend[ing] to deliver any value to the people buying the tokens.” Ripple’s CEO Believes That Regulators Need to Catch up With the ICOs Industry Ripple CEO, Brad Garlinghouse, expressed his belief that “a lot of what’s happening in the ICO market is actually fraud,” also mentioning the increasing number of ICOs facing litigation. Although concerned by the actions of many token sales, Garlinghouse expects that said fraudulent activity will “stop” once regulators catch up with the industry. Garlinghouse also asserted that token issuers currently operate in a legal “gray area,” whilst they wait for regulators to ...

The  crypto  market is up today as  Bitcoin  and altcoins react to $300 billion liquidity from the Federal Reserve — move being labeled new quantitative easing (QE). The crypto market is up today as the impact of the ongoing United States banking crisis plays out — the Federal Reserve has injected $300 billion into the economy. Data from  Cointelegraph Markets Pro  and  TradingView  shows Bitcoin BTC  $26,988 up 7%, Ether  ETH $1,764 4.5% and Binance Coin  BNB $332 5.7% in 24 hours.   A broad rally in crypto markets means Bitcoin is back challenging the week's highs, which also marked its best performance since June 2022. Can bulls sustain the momentum? Nerves are palpable everywhere as the latest economic data shows the extent to which the Fed has gone to contain a banking crisis which some argue is unlike any other. Amid warnings that more banks could fail in the coming weeks and contagion spreading to Europe, it appears that...

  Main Takeaways Even amid continued volatility, Bitcoin continues to dominate the crypto market.  Buy bitcoin As adoption has improved, interest in Bitcoin has spread from retail investors to institutional investors and mainstream entities such as Tesla and MicroStrategy.  Bitcoin has remained the best-known cryptocurrency since its inception. Bitcoin (BTC)  has remained the world's top cryptocurrency, even on a volatile market, despite thousands of alternative cryptocurrencies having been created throughout the years. Keep reading to learn more about Bitcoin and why people are still interested in it even when faced with a volatile market. Invented in 2008, Bitcoin is the world’s first cryptocurrency. It’s a form of digital cash that allows users to send and receive money through a decentralized network. Unlike fiat currencies, Bitcoin has no central bank or authority controlling it. Instead, it's run by thousands of computers around the world.  For a more deta...