Polkadot, a blockchain protocol, has recently made significant improvements to its network performance. One of the key advancements includes enabling Asynchronous Backing on the network. This optimized approach for validating parachain blocks by the Relay Chain has resulted in blocks being produced twice as fast and a 6-10 times boost in available blockspace. As a
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In a disturbing incident in Hong Kong, four men abducted a crypto investor, causing alarm in the community. The unidentified woman, who is involved in crypto investments, was attacked with a stun gun while riding in a car with her husband. The suspects were determined to take her, leading to a tense situation as the
Bitcoin, the world’s most popular cryptocurrency, has been on a downward trend since hitting its all-time high in March. This decline has sparked a ‘buy-the-dip’ sentiment among crypto traders who believe that the correction is temporary and that Bitcoin will soon bounce back to new highs. However, according to crypto analytics platform Santiment, this sentiment
Cryptocurrency is quickly becoming a significant topic of discussion in the U.S. presidential election. According to a recent survey conducted by Digital Currency Group (DCG), about one in five registered voters consider crypto to be a major issue in the upcoming 2024 election. This shows a clear shift in the political landscape, with more voters
Ethereum (ETH) has experienced a significant decline of 6.45% in the past week, adding to its overall price decline of 16.57% over the last few months. This bearish trend has left investors feeling disappointed as they watch the world’s second-largest cryptocurrency struggle to maintain its value. The recent news of a crypto whale selling off
The recent price action of Bitcoin has left many investors concerned as the premier cryptocurrency continues to move within a consolidation range. Not only has the price cooled off since hitting a new all-time high in mid-March, but on-chain activity on the Bitcoin network has also slowed down over the past few months. Data analytics
In the last 24 hours, the cryptocurrency market has shown signs of stabilization, putting a stop to the bearish attack and entering a phase of consolidation. Bitcoin’s price is currently hovering around $61K, with Ethereum falling below the crucial $3K mark. The drastic correction in Bitcoin’s price, dropping below $61K and losing approximately 3.5% in
In a surprising turn of events, two of the largest banks in the United States, JP Morgan and Wells Fargo, have announced their investments into Spot Bitcoin ETFs, showcasing a newfound exposure to BTC, the world’s largest cryptocurrency. This move comes amidst a prolonged downturn in the crypto market, with BTC’s price hovering slightly above
Cardano (ADA) is showing signs of a potential upward move, with crypto analyst Javon Marks predicting a significant increase in its price. Marks highlighted the progress made by ADA since breaking the resistance trend, mentioning that the recent pullback faced by Cardano could actually strengthen its position for a parabolic rise. Marks believes that Cardano
Core Scientific, a prominent player in the Bitcoin mining sector, recently unveiled its financial results for the first quarter of 2024. The company showcased a remarkable turnaround following its emergence from bankruptcy, reporting a net income of $210.7 million. This stands in stark contrast to the net loss of $0.4 million suffered during the same
Bitcoin faced a 3.06% price decrease on Friday, dropping to $60,372.36, as per CoinMarketCap data. However, a trading analyst known as Titan of Crypto seems undeterred by this dip. Titan of Crypto believes that Bitcoin is currently in a consolidation phase and is poised for a post-halving price surge. One key indicator that Titan of
The proposed Financial Innovation and Technology for the 21st Century (FIT21) Act is set to revolutionize the regulatory landscape for the crypto industry. This legislation aims to provide clear regulatory frameworks for digital assets, addressing longstanding issues of market oversight and consumer protection. House Financial Services Committee Chairman Patrick McHenry has expressed his support for
The International Monetary Fund (IMF) has suggested that Nigeria should consider embracing the regulated use of digital assets by licensing international crypto exchanges. This recommendation was made in the IMF’s latest consultation report for Nigeria. The primary goal of this proposal is to strengthen the country’s economic stability and enhance its position within the African
Amidst recent fluctuations in the crypto market due to US economic data signaling stagflation and hawkish commentary from Fed policymakers, traders are seeking altcoins with strong bullish momentum that could be potentially lucrative investments. Bitcoin, the leading cryptocurrency, has seen a dip in its price amidst the economic uncertainties. Despite the overall bearish sentiment in
Cardano (ADA) has recently seen a significant reversal in its fortunes, with a surge in trading volume. This positive development has coincided with ultra-bullish predictions from various crypto analysts. Altcoin Daily, for instance, has set a peak price target of $9 for Cardano in this bull run. Meanwhile, Dan Gambardello and Jason Appleton have made
One prominent trader, known as Bluntz Capital, has raised concerns about the future of the popular Solana meme coin, DogWifHat ($WIF). With the current price sitting at $3.17, Bluntz has suggested that the token could plummet to as low as one dollar. This warning was shared via a tweet where Bluntz highlighted the slow and
The Ethereum Foundation, a non-profit organization supporting the Ethereum ecosystem, recently made a high-value transfer of ETH, sparking speculation within the crypto community. On May 8, the Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9), according to the on-chain analytics platform SpotOnChain. This transfer is part of a series of transactions
Despite a recent 20% weekly decline in its price, analysts are optimistic about a significant rally for Shiba Inu. Several factors are contributing to this positive forecast, including a sharp increase in SHIB’s burn rate, enhancements to its Shibarium layer-2 platform, and other bullish signals for its future price. Even though Shiba Inu has experienced
Former President Donald Trump’s recent endorsement of Bitcoin and cryptocurrencies marks a significant departure from his previous skepticism towards digital assets. In a video that has been widely shared among crypto enthusiasts and investors, Trump’s newfound support has raised questions about how this could impact the cryptocurrency market as the US election approaches in November.
The launch of The Voice Battle Coach has brought a new level of engagement for fans of the hit TV show. By offering an immersive gaming experience that allows players to step into the shoes of celebrity coaches, the game has revolutionized the way fans interact with the franchise. Upon entering the game, players are
The European Securities and Markets Authority (ESMA) has been prompted to review the regulations surrounding crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities) by the European Commission. This review is part of a broader assessment of the EU’s financial regulatory framework in light of the rapidly evolving crypto market. Since the
The Ethereum price has been closely following the performance of Bitcoin in recent times. However, it seems that Ethereum is facing more bearish fundamentals compared to Bitcoin. Crypto analysts have observed that the liquidity in Ethereum has been dwindling, with investors showing greater interest in Bitcoin instead of altcoins like ETH. This lack of interest
Monero has seen a notable increase in discussions on social media platforms after the announcement of the closure of LocalMonero. This surge in interest comes at a time when governments around the world are making efforts to regulate privacy-focused cryptocurrencies. LocalMonero, a peer-to-peer exchange platform based on Monero, recently announced its closure through a blog
Guild of Guardians, in collaboration with Guardians Guild Limited, has recently announced the upcoming global launch event titled “Age of the Dread.” This event promises to bring new gameplay elements and attractive rewards for players. Scheduled to take place from May 15 to June 9, the event features a substantial prize pool of up to
The recent surge of the Apple meme coin has taken the crypto world by storm, with a staggering overnight increase of 76,928%. This surge came in the wake of Apple’s new product launches, particularly the latest iPad model. The meme coin’s price skyrocketed to $0.00123, representing a massive 24-hour change of over 76,926%. While this
The recent exclusive report by The Wall Street Journal sheds light on the shady practices happening at Binance, the largest crypto exchange in the world. The allegations suggest that the head of Binance’s market surveillance team was fired for raising concerns about potential market manipulation by a high-profile client. This client, DWF Labs, was found
Bitcoin price movements have long been influenced by the actions of large investors known as whales. These whales, who hold significant amounts of Bitcoin, have been key players in driving up the price of the cryptocurrency. However, recent data from IntoTheBlock indicates a decline in whale accumulation volumes. This decline is particularly alarming given that