Ethereum Whale Addresses Hit 10-Month High, Signaling Growing Enthusiasm





The price of Ethereum has been stagnant for the past weeks trading in-between a tightening range. It seems that neither the bulls or bears want to pull the trigger but that hasn’t stopped other investors from accumulating the digital asset.

According to a recent report by ‘Santiment’, the whale addresses of ETH have hit a 10-month high.

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Tron’s Justin Sun Calls Craig Wright a Fraud After Being Termed a Scammer





A few days ago, the Tron CEO, a dynamic businessman and the most controversial founder of a blockchain project, Justin Sun was railed with all kinds of names by the crypto community for participating in dishonest schemes.

In a space of hours, Justin turned to call the self-acclaimed Satoshi Nakamoto, Craig Wright a fraud, cited as the case of the pot calling kettle black by many.

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Bitcoin Whales Prop Up Crypto Markets As Bulls Regain $9,000




According to reports from the santiment data aggregator, Bitcoin whales have been on a Bitcoin accumulation spree since the Bitcoin price flipped and took a downturn six days ago. The data aggregator platform found that top Bitcoin players with a large number of Bitcoin in their possession, popularly known as Bitcoin whales, have shown an increased interest in the cryptocurrency.

This demand has led to the accumulation of a towering 12,000 BTC when converted with the current exchange rate, this equals a staggering $109 million.

The “accumulation movement” reportedly began two weeks after the third and most recent Bitcoin split, the highly anticipated Bitcoin halving event led to the reduction of Bitcoin block rewards from 12.5 BTC to 6.25 BTC. Prior to the halving event, Bitcoin had been experiencing mild instabilities as it dangled between $8,000 and $9,000 since the beginning of May.

Still, the bulls managed to outweigh the bears long enough to push it to the $9,500 mark. In fact, on the 8th of May, Bitcoin almost broke resistance levels of $10,000 when the price hit $9,996.

However, the bears have since been shaken out and bulls have taken the upper hand and remained atop with an increased bullish pressure that has pushed Bitcoin back to previous support levels. At press time, BTC is trading at $9,143 with slight daily gains of 3.46%.

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Bitcoin Addresses Craig Wright Claims To Own Have Termed Him ‘A Liar And A Fraud’



While most of the crypto industry already dismisses Craig Wright as disingenuous, there is now more evidence to prove that the Bitcoin Satoshi Vision (BSV) forerunner is being deliberately fraudulent. A publication from wallets containing Bitcoin mined in its first few years has called Wright a liar.

According to a May 25 publication from 145 early addresses, Craig Wright is not in possession of the keys to the addresses he had earlier claimed to own. The publication listed the addresses including signatures signed with their corresponding private keys. According to the message:

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Why The Post-Halving Miner Capitulation That’s Underway May Ignite A Meteoric Bitcoin Rally





Bitcoin miners have been on a wild roller-coaster ride in the past few weeks. After the halving on May 11, the rewards they receive were slashed by half from 12.5 BTC per block to 6.25 BTC. As a result, most of the miners using older model mining machines were forced to shut them down as they were registering meager profits. This resulted in a substantial drop in the hashrate.

With bitcoin recently slipping below crucial $9,000 level, fears of a further dive have been renewed. A possible sell-off might discourage new investors from entering the bitcoin market. However, Charles Edwards, a digital asset manager at Capriole, sees the miner capitulation as an opportune time to buy bitcoin at low prices before the next bull market.

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Trader explains where Bitcoin price will go after $9k drop, believes Altcoins are set to moon




Following the third Bitcoin halving, the cryptocurrency community is left with little clarity on what the near future holds for Bitcoin and cryptocurrency in general. Well, for those immersed in altcoins, the good news is alts are likely to pump in the coming weeks as Bitcoin’s dominance continues to reduce. This is according to an altcoin trader who says all it takes is a little steadiness to see this happen.

He adds that although Bitcoin is showing some resilience at the moment, it will “bleed out slowly” and is sure to slow down in order for alts to pick up. According to Coinmarketcap, Bitcoin dominance is currently at 65.5% but has not dropped below 60% since the year began.

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Bitcoin Now Open To 1.38 Billion People In India As RBI Clarifies Stance On Crypto






India’s Supreme Court lifted the infamous bitcoin ban sometime in March this year. This ban had been imposed by the Reserve Bank of India (RBI), restricting banks from servicing crypto-related businesses in the country. Despite the Supreme Court’s ruling, the country was still plagued with uncertainty as some banks still refused to offer their services to crypto businesses.

However, RBI has recently clarified its stance on bitcoin trading in the country, citing that there are no restrictions barring banks from extending banking services to crypto traders and/or crypto businesses.

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Bitcoin Stock-to-Flow Creator Explains Why He Conceals His True Identity





The identity of the enigmatic person who created the well-known bitcoin stock-to-flow price forecasting model remains mysterious. The quant analyst who goes by the name PlanB gained popularity after he used the stock-to-flow(S2F) model to predict the value of bitcoin by determining the asset’s scarcity.

PlanB recently released a revamped version of the S2F model, known as the bitcoin stock-to-flow cross-asset model or S2FX. Based on this new model, bitcoin should hit $288,000 by 2024.

Notably, this analyst has managed to keep his identity hidden as he has never revealed his face or real name. In a recent interview, he gives reasons why he has kept his identity a secret.

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