Investing in the crypto market can be both exciting and nerve-wracking. The recent drop in the price of FRIEND token, the cryptocurrency for the decentralized social media platform Friend.tech, serves as a reminder of the volatility of the market. With a sudden hit of 4.3% in just one hour, investors are seeing firsthand how quickly
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In recent years, there has been a significant increase in interest surrounding metaverse commerce, which involves the selling of physical goods through virtual platforms. This concept has recently garnered even more attention with the announcement of retail giant Walmart’s decision to sell products on the popular gaming platform, Roblox. Before delving into Walmart’s strategic move,
Blockchain analytics company Elliptic recently released groundbreaking research that showcases the potential of artificial intelligence (AI) in detecting money laundering in Bitcoin. By collaborating with researchers from the MIT-IBM Watson AI Lab, Elliptic was able to successfully identify illicit proceeds, uncover new patterns of money laundering transactions, and pinpoint previously unknown illegal wallets using a
A recent class-action lawsuit has been filed against Coinbase Global, its subsidiaries, and CEO, Brian Armstrong. The lawsuit claims that several digital assets listed on Coinbase are actually securities, violating state securities laws. This legal battle raises questions about the transparency and compliance of the popular cryptocurrency exchange. The plaintiffs in the lawsuit argue that
The surge in popularity of meme coins in the cryptocurrency market has sparked concerns among industry experts. Chris Dixon, a general partner at Andreessen Horowitz (a16z), has criticized the US regulatory system for allowing meme coins to flourish while legitimate cryptocurrency companies and blockchain projects face regulatory hurdles. Dixon highlights the speculative nature of meme
Cardano founder Charles Hoskinson recently hinted at the possibility of teaming up with Bitcoin Cash (BCH) to enhance its performance. Hoskinson posted a poll on X, seeking feedback from the community on the idea of a partnership between Cardano and Bitcoin Cash. He suggested incorporating technologies like proof of useful work (PoUW), non-interactive proofs of
Cardano (ADA) has been experiencing a lackluster price action recently, but analyst Ali Martinez has a different perspective. Martinez believes that ADA might be gearing up for a parabolic run based on a detailed price analysis. Despite the current correction path that Cardano has been on since peaking at $0.79 in March, Martinez points out
10x Research, a crypto research platform, recently highlighted that the Bitcoin Relative Strength has surged to 40%. According to their analysis, Bitcoin has historically shown potential rallies whenever its relative strength index (RSI) drops to 40%. This indicates that there is a possibility of BTC rallying again following its recent decline. The research platform, in
In a shocking turn of events, Alexander Vinnik, the Russian national behind the operation of the once-prominent crypto exchange BTC-e, has pleaded guilty to charges of money laundering conspiracy in the United States. Vinnik’s BTC-e was a major player in the cryptocurrency market between 2011 and 2017, processing billions of dollars in transactions with over
Coinbase, the leading U.S. crypto exchange, experienced a significant growth in revenue during the first quarter of 2024, reaching a total of $1.6 billion. This marks a 72% increase compared to the previous quarter, showcasing the company’s ability to capitalize on the bullish crypto market. The net income for Coinbase also saw a substantial increase,
Financial technology giant Block, led by X co-founder Jack Dorsey, has made a groundbreaking decision to allocate 10% of its profits from bitcoin-related products into monthly BTC purchases. In a recent Q1 2024 earnings report, Dorsey explained the rationale behind this strategic move, emphasizing the significance of bitcoin as the ideal decentralized open protocol for
The recent surge in the Bitcoin price above $60,000 has sparked a shift in investors’ position and sentiment, according to on-chain analytics site Santiment. Traders on the Binance platform are transitioning from liquidated shorts to long positions following the price increase. While this shift may indicate renewed optimism in the cryptocurrency market, Santiment has issued
Despite the recent correction in the cryptocurrency market leading to multi-month low prices for major assets like Bitcoin and Ethereum, XRP has shown remarkable resilience. While other tokens saw significant drops, XRP only briefly dipped below $0.50 before bouncing back, currently up 3% on a two-week scale according to CoinGecko’s data. Analysts are optimistic about
Bitcoin’s recent price movements have been nothing short of a rollercoaster ride for investors. After a promising start to the week with a pump to almost $65,000, the cryptocurrency faced a series of steep declines that saw its price drop below $60,000. This correction culminated in a two-month low of $56,500 before bouncing back following
Eigenlayer, described as the star project in Ethereum Restaking, is gearing up to launch its highly anticipated airdrop for collection on May 10th. BingX Exchange has also announced that it will swiftly list Eigenlayer’s token $EIGEN, enabling users to begin trading it immediately. This move is expected to bring about a significant boost to Ethereum’s
The cryptocurrency market has always been known for its volatility, and the recent post-Halving slump of Bitcoin has had a significant impact on altcoins like Solana meme coins. One such coin, Sad Hamster (HAMMY), has experienced a sudden surge in price, leaving traders in awe. The token, which started trading at a market price of
The recent drop in the price of Bitcoin below the $59,000 support level has caused quite a stir in the cryptocurrency market. With liquidations occurring in the futures markets, there is growing concern about the possibility of a more significant decline looming on the horizon. Following the price drop, CryptoQuant, a cryptocurrency analysis platform, reported
Rep. Maxine Waters’ nomination of Ms. Kristin Johnson for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury has sparked conversations within the financial services industry. Waters’ emphasis on Johnson’s expertise in financial regulation and commitment to upholding the integrity of financial markets is certainly commendable. However, one cannot help
Otherside’s partnership with Improbable’s MSquared network has brought a wave of anticipation within the community. This collaboration opens up the possibility of numerous benefits for the Otherside metaverse. With MSquared’s powerful tools and infrastructure, developers can create expansive and interconnected virtual worlds. The technology behind MSquared, known as Morpheus, specializes in handling massive simulations with
MicroStrategy recently introduced a new Bitcoin-based strategy at their annual conference, aimed at combatting online spam. The strategy, known as “MicroStrategy Orange,” is an open-source decentralized identity solution built on Bitcoin. While this new technology has the potential to revolutionize the way we verify authenticity in online communication, some Bitcoin enthusiasts remain skeptical about its
Telegaon, a crypto prediction website, has provided interesting insights into the future price of Cardano (ADA), speculating that it could reach $45 by the year 2050. This prediction represents a significant price gain of 8,900% from its current level, which could attract ADA holders looking for substantial returns. The maximum price predicted for ADA in
Coinbase, a leading cryptocurrency exchange, reported impressive revenues of $1.64 billion during the first quarter of 2022, exceeding the expected amount of $1.34 billion. This surge in revenue comes at a time when the crypto market is experiencing a significant uptrend, fueled by a robust Bitcoin rally. The company’s earnings per share stood at $4.40,
The recent 20% decline in the Bitcoin price has sent shockwaves through the cryptocurrency market, exposing critical support levels that must be monitored closely. Analyst Norok has highlighted $51,800 as the pivotal support level that Bitcoin must not fall below in order to maintain its bullish trend. This level, last seen in December 2023, signifies
The emergence of Web3 technology has paved the way for groundbreaking advancements in the realms of creativity and innovation. One of the frontrunners in this space is Imaginary Ones, a revolutionary blockchain-based platform that seamlessly weaves together art, storytelling, and community engagement. At the forefront of their success is the recent milestone achievement of reaching
In the ever-volatile world of cryptocurrency trading, Dogecoin ($DOGE) has recently seen a 7% increase in value over the last 24 hours. This surge comes following a brief market crash that shook the cryptocurrency landscape. However, despite this recovery, DOGE is still down by 12% compared to its value a week ago. This makes Dogecoin
The current state of the crypto market has been heavily influenced by the rise of meme coins and the excitement surrounding spot Bitcoin ETFs. Economist and trader Alex Krüger pointed out the dominance of meme coins in the market cycle, with many of them experiencing significant gains followed by drastic falls. Despite the volatility, meme
Federal prosecutors from the Southern District of New York have launched an investigation into Fintech giant Block following allegations of significant compliance failures within its main business units – Square and Cash App. These allegations stem from a former employee who disclosed numerous lapses in the company’s transaction monitoring systems. The former employee provided internal