The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork approaches. ADA, the native token of the Cardano ecosystem, has seen a massive surge of over 52% in key metrics leading up to the upgrade. Intersect, a member-based organization for the Cardano ecosystem, recently shared detailed updates on the upcoming
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In response to Federal Reserve Chairman Jerome Powell’s recent announcement of potential adjustments to policy and a hint at a 25bps rate cut at the upcoming meeting on September 18, Bitcoin saw a significant increase of over 6%. This unexpected news has added to the already volatile nature of Bitcoin’s price in recent weeks. Optimism
Samuel Edyme, known as HIM-buktu in the digital realm, is a web3 content writer, journalist, and aspiring trader with a unique and varied background. His experience in the crypto space is unlike any other, starting from a scam that led him to become the voice of reason in the industry. Unlike many others, Edyme’s entry
The recent dip in the crypto market, particularly in Bitcoin, saw prices plummet below $50,000 on August 5. This sudden decline took many investors by surprise, leading to a cascade effect on other cryptocurrencies as well. While Bitcoin has since recovered by 20%, the impact of this market downturn on short-term holders has been significant.
Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes pleaded guilty to one count of embezzlement by a bank officer after executing 11 unauthorized wire transfers to a cryptocurrency wallet between May and July 2023. This illegal
Recently, crypto analyst XForceGlobal shared a video analysis focusing on Cardano (ADA), shedding light on its current position within the Elliott Wave cycle. According to XForceGlobal, ADA is potentially entering a strong upward phase known as “Wave 3.” The analyst drew parallels between ADA’s current price action and Solana (SOL), highlighting similarities in their Elliott
Indian cryptocurrency exchange WazirX has been facing significant challenges following a major security breach on July 18. In a recent post, the exchange warned that external parties not invested in the platform may attempt to prolong its restructuring process for their own gains. These parties are looking to create and maintain uncertainty rather than seeking
Shibarium, a layer-2 blockchain solution integrated with the Ethereum network, has undoubtedly made significant strides in the past year. The platform was designed to support the development of the Shiba Inu ecosystem by reducing transaction costs, improving speed, and enhancing scalability. However, despite these initial goals, it is crucial to analyze the recent upgrades and
Opeyemi is a dynamic writer who has found a passion for delving into the fascinating world of cryptocurrency. Even though this was not his initial career path, he has wholeheartedly embraced the digital asset industry for over two years now. His ability to dissect the complexities of blockchain technology and provide valuable insights into the
The joint statement by Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek highlights the issue of the European Union’s fragmented regulatory structure stifling artificial intelligence (AI) innovation. The CEOs argue that the EU’s AI regulatory framework is riddled with inconsistent implementation, making it challenging for companies in the region to capitalize on the AI
German authorities recently undertook a significant crackdown on illegal cryptocurrency operations in the country. The Federal Financial Supervisory Authority (BaFin) led the operation and seized nearly 250,000 euros and 13 crypto ATMs. The crackdown targeted 35 locations across Germany where crypto ATMs were allegedly operating without proper licensing. This operation was carried out in collaboration
Bitcoin’s price surged to $65,000 after a period of stagnant trading sideways, with a $5,000 daily increase. One of the potential catalysts behind this sudden surge can be attributed to the actions of the US Federal Reserve. The relationship between Bitcoin and the Federal Reserve’s economic policies has been evident in recent years, particularly following
The recent report released by Coinbase highlights the growing influence of young, pro-crypto voters on the upcoming 2024 US presidential elections. With Gen Z and Millennials now representing 40% of the electorate, there is a notable shift towards candidates who advocate for cryptocurrency and financial innovation. This trend is further fueled by the dissatisfaction among
Historical on-chain data has shown that high bitcoin demand typically precedes price increases and rallies. However, the current market dynamics paint a different picture. Recent reports indicate that bitcoin demand has actually slowed down significantly since early April, despite the cryptocurrency hovering around $70,000 at that time. The daily growth of bitcoin has slowed, and
Cryptocurrency has become a popular topic in recent years, with many individuals delving into the complexities and intricacies of blockchain technology. One such individual is Semilore Faleti, a cryptocurrency writer who has made a name for himself in the field of journalism and content creation. While initially focusing on various subjects, Semilore quickly found his
Ripple, known for its innovation in the blockchain and cryptocurrency space, has made headlines once again with its announcement to launch a stablecoin called Ripple USD (RLUSD). This move is seen as an attempt to bridge the gap between the crypto industry and traditional finance, bringing about a new era of financial integration. The stablecoin,
Binance, the world’s leading cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals of The Open Network (TON) on August 26. This decision is a part of the exchange’s wallet maintenance for TON and is expected to last for approximately two hours. However, trading on the network will remain unaffected during this
Cardano has been the subject of numerous bullish predictions in recent times, largely due to the highly anticipated Chang upgrade. This upgrade is considered to be one of the most significant updates for the Cardano network in quite some time, sparking a wave of optimism among its supporters. Over the past three years, the price
Bitcoin’s price has been experiencing fluctuations in the past few days, with bulls currently having the upper hand as they push BTC past the $60K mark towards $61,000. However, weekends bring a different dynamic to the market. Traditionally, weekends see lower trading volume compared to weekdays, leading to increased volatility. With less liquidity available in
The DeFi Education Fund and the Blockchain Association have joined forces to submit an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The main issue brought to light by the brief is the significant privacy and security concerns posed by the CAT, especially for
In a recent development, a US federal judge has rejected the request made by Kraken, a popular cryptocurrency exchange, to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit, which was filed in November, accuses Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that
The recent transfer of former Binance CEO Changpeng ‘CZ’ Zhao from FCI Lompoc II to the RRM Long Beach halfway house in California has sparked confusion among X users. Many mistakenly believed he had been released, when in fact, CZ remains incarcerated. The RRM Long Beach facility, where CZ has been moved to, is categorized
Pi Network, a crypto project established in 2019, offers users the ability to mine and earn digital assets using their mobile devices. The project prides itself on being energy-efficient through its utilization of the Stellar Consensus Protocol (SCP) as a consensus algorithm. This sets it apart from traditional Proof-of-Work (PoW) systems known for their high
Cardano (ADA) has recently experienced a notable price surge in the crypto market, gaining over 14% in the last seven days. However, on-chain data suggests that investors could potentially face significant selling pressure following this increase. With an additional 12% of Cardano’s supply now in profits, holders of these tokens may be inclined to secure
The recent decision by the FBI to utilize NFTs in order to return $1.14 million to victims of the CluCoin fraud has sparked interest and curiosity. This groundbreaking move represents a new approach by law enforcement agencies to combat cybercrime and provide restitution to those affected. By opting to use NFTs as a means of
The monthly performance of Bitcoin can be a rollercoaster ride, heavily influenced by the sentiments of investors towards the market. Analysts and investors rely on years of historical data to try and predict the next move of this volatile cryptocurrency. As August comes to a close, Bitcoin investors are already looking towards September with hopes
Ethereum has been facing significant selling pressure recently, struggling to recover from the weakness experienced in early August. Despite some brief moments of strength following a drastic sell-off on August 5th, prices have remained below the $2,800 mark. However, there is a silver lining on the daily chart, as bulls have shown impressive resilience in