In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top choices for new users in the blockchain space. According to a recent report by Flipside, these two platforms have seen a significant influx of users, surpassing other EVM chains in terms of cumulative new users since
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The Cardano (ADA) network has recently achieved a new milestone by processing 88.6 million transactions to date. This surge in network activity is a positive sign for ADA’s price movement. The network’s success in handling transactions dispels the notion of it being a “ghost chain” and demonstrates active user engagement. With 1,353 projects actively building
The persistent issue of a disconnect between policymakers and technology has led to challenges in regulating emerging technologies like blockchain and artificial intelligence (AI). Despite efforts by lawmakers such as Senator Cynthia Lummis to introduce legislation like the Digital Asset Innovation Act, there is still a lack of understanding of the intricacies of these technologies.
Bitcoin, the pioneer cryptocurrency, has had a remarkable start to the year 2024, with a whopping 73% increase in the first quarter, reaching an all-time high price of $73,750. Despite a subsequent dip in value, major stakeholders in the Bitcoin market have displayed a consistent trend of accumulation in the first three months of the
In the ever-evolving world of cryptocurrency, investors are always on the lookout for the next big thing that could potentially bring them significant returns. While Dogecoin remains a popular choice among meme coin enthusiasts, there is a growing interest in an emerging meme coin called Sponge (SPONGE). As Dogecoin consolidates around $0.18, investors are turning
The Bitcoin halving is an event that occurs approximately every four years and is designed to slow down the production of new BTC. This mechanism ensures that the last Bitcoin will be mined over a century from now, despite there already being over 19.6 million in circulation. Historical Context In the past, Bitcoin halvings have
FTX creditors are not pleased with the recent sale of the bankrupt crypto exchange’s Solana holdings to venture firms at a significant discount. The decision to offload 30 million SOL at $64 each, a 62% markdown from the current market price, has raised concerns among those affected by the exchange’s collapse. Sunil Kavuri, a victim
Ethena Labs, the creators of USDe, have recently announced the incorporation of Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This strategic move aims to boost USDe’s supply from its current $2 billion mark. Highlighted in an April 4 announcement, Ethena Labs emphasizes the importance of incorporating BTC as a backing asset due to
One crypto analyst, Alan Santana, recently made a bearish prediction for Cardano (ADA), suggesting that the cryptocurrency could experience a significant price drop. According to Santana, ADA’s breakout below the $0.58 support level indicates a bearish sentiment, with the potential for further decline to a range between $0.4444 and $0.3450. While this projection may sound
Recently, there has been a surge in the accumulation of Bitcoin by short-term holders, with over 1.2 million BTC being accumulated since December 2023. This trend has caught the attention of many investors, especially with the launch of Spot Bitcoin ETFs in the US earlier this year. While whales and long-term holders have traditionally been
In the volatile world of cryptocurrency, XRP (XRP) seems to be struggling to gain traction in 2024, with its value dropping to $0.58, down 22% from recent highs. This downward trend contrasts sharply with the gains seen in other major cryptocurrencies such as Bitcoin and Ether. As XRP’s fate hangs in the balance, some holders
Recently, Binance’s NFT marketplace made a major announcement regarding the future of Bitcoin Ordinal NFTs on its platform. After April 18, users will no longer be able to buy, deposit, bid on, or list these unique digital assets. This decision marks the end of an era for Bitcoin Ordinals on Binance, as the platform shifts
Cryptocurrency analyst PlanB recently made a bold statement regarding Bitcoin’s price potential. Despite the current bearish sentiments surrounding the flagship cryptocurrency, PlanB believes that Bitcoin will hit $100,000 this year. In a video on his YouTube channel, he stated that reaching $100,000 is “inevitable” and suggested that it could just be the starting point for
In a bold and daring prediction, banking giant VanEck has placed an astonishing $1 trillion valuation on Ethereum Layer-2 (L2) solutions, highlighting the critical importance of efficiency gains and scalability improvements in the evolution of blockchain technology. According to VanEck researchers, these Layer 2 scaling networks are projected to reach this sky-high market valuation by
The Ethena token (ENA) has recently made headlines with a 13% surge in just 24 hours and an overall increase of 53% since its listing on Binance. ENA serves as the governance token for Ethena’s decentralized finance (DeFi) protocol, which offers a yield-earning dollar-pegged stablecoin called USDe with an impressive 35% APY. Unlike traditional stablecoins
The recent court hearing on April 4 in Nigeria regarding the criminal charges against crypto exchange Binance highlighted a concerning lack of legal representation. Despite facing serious allegations, Binance did not have any legal counsel present at the hearing. Instead, the company’s compliance chief, Tigran Gambaryan, attended the hearing on behalf of the organization. This
The cryptocurrency market has recently experienced a period of correction, with Bitcoin (BTC) being one of the digital assets significantly affected. On a seven-day scale, BTC’s price has dropped by around 6%, currently trading at approximately $65,400. One possible reason for this heightened volatility and declining value could be attributed to profit-taking by long-term holders.
The Coachella Valley Music and Arts Festival, popularly known as Coachella, has stood the test of time since its establishment in 1999. With its reputation for attracting top-tier musical acts, stunning art installations, and trendsetting attendees, Coachella has cemented its status as a cultural powerhouse in the music festival scene. As technology continues to advance
Lithuania has announced its plans to implement stringent licensing requirements on crypto firms by 2025. The new regulations are aimed at reducing the number of companies operating in the country, with only a select few expected to meet the comprehensive criteria for full permits. Central bank board member Simonas Krepsta highlighted that out of the
The recent surge of Wally the Whale token in the crypto market has caught the attention of many investors. With an astonishing 44,510% gain in just 24 hours, WALLY has become a viral sensation. The price action of WALLY has been nothing short of spectacular, with the token currently trading at $0.00000216. The launch of
The recent sharp downturn in the price of Bitcoin, which dipped below $67,000, has caused concern among investors. However, crypto analyst Michael van de Poppe has taken a different stance, encouraging the crypto community to view this decline as an opportunity to acquire BTC at a lower price. In a recent post on X (formerly
The recent analysis by industry analytics provider Glassnode indicates a significant shift in the behavior of long-term holders of Bitcoin. They have started distributing BTC and selling to new investors at higher prices. This activity has led to an injection of new capital into the asset class, ultimately increasing the realized cap to new heights.
Recently, KuCoin has been facing legal challenges from US authorities, resulting in a significant drop in user assets on the platform. The latest proof-of-reserve certificate from the exchange revealed that users’ Bitcoin holdings decreased by 25.4% to 12,114 BTC in March. Additionally, Ethereum balances plummeted by approximately 22% to around 112,000 ETH, and the amount
In the fast-evolving world of cryptocurrencies, a new player has emerged and captured the attention of millions – Notcoin. This Telegram-based clicker game developed by Open Builders has become a sensation within the community. With its upcoming token launch on The Open Network (TON) scheduled around April 20, Notcoin is poised to make a significant
March proved to be an incredibly lucrative month for the Bitcoin mining industry, with miners collectively earning over $2 billion for securing the leading cryptocurrency network. Data from Blockchain.com reveals that miners raked in an average of $65.23 million per day throughout the month of March, setting a new record for their daily earnings. The
The popular Solana meme coin DogWifHat (WIF) experienced a significant drop of 17% in its value within a 24-hour period, causing it to trade at $3.69 at the time of writing. This decline is part of a broader market pullback that also affected Bitcoin and Ethereum, reducing their values by approximately 5%. Despite Bitcoin trading
Recently, Tether, the world’s largest stablecoin issuer, made a significant purchase of Bitcoin, acquiring 8,888 BTC on March 31. This move has stirred up discussions within the crypto community as to why Bitcoin’s price has dipped despite such a bullish development. Tether now holds nearly 75,400 BTC, ranking it among the largest Bitcoin holders globally.