The cryptocurrency market has been experiencing significant volatility in recent days, with Ethereum, the second-largest cryptocurrency by market capitalization, facing a drastic price drop to lows of $2,800 on April 12. However, amidst the chaos, Ethereum whales, the prominent players in the crypto world, have been making strategic moves that have caught the attention of
admin
Avalon, a Web3 gaming studio, recently secured $10 million in funding with Bitkraft Ventures and Hashed leading the round. This funding aims to accelerate the development of Avalon’s first blockchain gaming title, which is set to revolutionize the world of gaming. The MMO game empowers players to create, share, play, and own their experiences within
Recently, the provincial government of Buenos Aires has taken a stand against Worldcoin, accusing the company of violating consumer laws. The government has pointed out several issues within Worldcoin’s user agreement that are deemed as abusive towards consumers. One of the main concerns raised is the alleged ability of Worldcoin to interrupt services without any
The upcoming fourth Bitcoin Halving has sparked a lot of speculation in the market, with the Lady of Crypto, a market analyst and trader, sharing her insights on the current situation. Despite claims that this bull cycle might be starting earlier than expected due to BTC breaking its all-time high, Lady of Crypto has dismissed
US Senators Elizabeth Warren and Charles Grassley have taken a critical stance on the recent regulatory failures surrounding the interactions between CFTC Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request made by the senators aims to shed light on potential loopholes in the regulatory framework that allowed for the massive
The crypto market has been witnessing increased volatility recently, with concerns about the tense Iran/Israel situation contributing to the bearish sentiment among traders. As Bitcoin struggles to maintain its price levels around $63,000, traders are turning to on-chain micro-cap markets in search of quick gains. However, the uncertainty surrounding global events can have a significant
Ultimeme Fighting Championship (UFC), the latest meme coin to hit the market, experienced a meteoric rise of +27,000%. However, this pump was short-lived as the coin quickly retraced by -82% amid a sell-off by early backers. Despite this significant drop, UFC has found support between $0.0005 and $0.0008, setting the stage for a potential second
In a groundbreaking collaboration, the move-and-earn lifestyle app, STEPN, has teamed up with global sportswear giant Adidas to introduce the limited-edition STEPN x Adidas Genesis Sneakers NFT collection. This strategic partnership signals the start of a long-term relationship between the two industry leaders, promising a series of NFT drops and physical wearable items in the
Dentsu Inc. has recently announced a groundbreaking partnership with Chiru Labs, the creative force behind the Azuki NFT project. Together, they are embarking on a new venture to develop an anime anthology series called “Enter The Garden,” leveraging the unique Azuki IP. Renowned anime director Goro Taniguchi, known for his exceptional work on projects such
Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation,
The recent news of Binance executive Nadeem Anjarwalla facing extradition from Kenya after escaping custody in Nigeria has sent shockwaves through the cryptocurrency community. Anjarwalla’s alleged involvement in the manipulation of the Naira and illicit funds transactions through Binance has raised concerns about the company’s compliance and internal governance. Legal Proceedings and Investigations The collaboration
Bitcoin analyst Willy Woo recently made a bold prediction regarding the potential price of Bitcoin (BTC) in the future. According to him, BTC could reach $91,000 at the bottom of a bear market and $650,000 at the peak of a bull cycle. These staggering figures are based on the full deployment of cryptocurrency exchange-traded funds
Bitcoin experienced a significant drop over the weekend, causing many in the crypto community to question the future of the digital currency. Renowned trader Peter Brandt has offered his perspective on the situation, introducing the concept of an “end run” to describe the current market dynamics. An end run, borrowed from sports terminology, refers to
The recent price decline in Ethereum, along with other cryptocurrencies, has been a cause for concern in the market. However, while many retail investors are panic-selling their assets, on-chain data reveals a different story. Big player whales seem to be taking advantage of the situation to accumulate more assets, displaying a bullish sentiment amidst the
In response to the increasing number of cryptocurrency-related crimes in Hong Kong, Bitrace has taken proactive steps to address the issue. The data analysis company recently held training sessions for members of the Hong Kong Police Force on on-chain fund tracking. This initiative is part of Bitrace’s Corporate Social Responsibility efforts, designed to enhance law
Bitcoin, the pioneer and flagbearer of the digital currency realm, has once again captured the attention of investors. Recent market dynamics have prompted discussions among analysts and enthusiasts alike, with the spotlight firmly fixed on the possibility of a significant retracement in Bitcoin’s price. Renowned crypto analyst Rekt Capital has examined the current state of
Recent market data shows a significant correction in the cryptocurrency sector on April 14, resulting in a global market capitalization of around $2.4 trillion. This downturn led to multi-million liquidations, particularly affecting long traders. Ripple’s XRP was one of the notable losers, plummeting by 20% to approximately $0.48, according to CoinGecko’s data. Despite the bearish
The recent introduction of Spot Bitcoin ETFs has sparked renewed interest and investment in Bitcoin and other cryptocurrencies. These ETFs have paved the way for institutional investors to enter the crypto market, fundamentally changing the landscape and driving the price of Bitcoin to new heights. However, external factors such as geopolitical tensions can also have
The recent escalation of geopolitical tensions in the Middle East, particularly between Iran and Israel, has had a significant impact on the cryptocurrency market. Reports of Iran launching drone and missile attacks on Israel have sent shockwaves throughout the industry, resulting in a sharp decline in the price of Bitcoin. This sudden turn of events
In the realm of blockchain technology, the debate over data transparency and ownership is reaching a critical point. While the blockchain’s inherent transparency and immutability are praised for democratizing data, there is a growing concern over individual control and ownership of personal information. Striking a balance between the two is crucial, but is it realistic
In a surprising turn of events, the funding for Bitcoin startups saw a massive increase in 2023, despite an overall decline in venture capital activity. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360% last year, with the overall count of Bitcoin companies receiving funding rising
Bitcoin Layer 2 solutions have been a hot topic this year, garnering both praise and criticism. One notable critic is Mempool founder Mononaut, who has pointed out several technical drawbacks of these protocols. Mononaut argues that if a Bitcoin Layer 2 solution lacks support for unilateral exits, it essentially functions as a multi-signature system rather
Over the weekend, Bitcoin experienced a significant drop in price, falling by five thousand dollars to reach a multi-week low of approximately $61,000. This decline was part of a larger trend that also affected alternative coins, with many experiencing double-digit decreases in value. The primary reason for this market crash was the escalating tensions between
Recently, the EigenLayer team made an exciting announcement regarding the launch of EigenDA, the first Available Validator Service, on the Ethereum mainnet. This service has already garnered significant attention, with over 4.1 million ETH being restaked on EigenLayer. In addition, a staggering 70% of all new Ethereum validators have chosen to restake on this platform.
Over the past few weekends, the cryptocurrency market remained relatively stable. However, the recent events have shaken the industry significantly. Factors such as announcements from US Federal Reserve officials and reports of potential conflicts between Israel and Iran have led to a sharp decline in Bitcoin’s price along with a significant drop in altcoin values.
ICB Network was launched on April 1, 2024, as a groundbreaking Layer-1 Blockchain project that aimed to redefine the standards of efficiency, security, and scalability within the blockchain ecosystem. One of the key innovations of the platform is its implementation of the Proof of Stake (PoS) consensus mechanism, a departure from traditional Proof of Work
With the countdown to the highly anticipated 2024 bitcoin halving event quickly approaching, the cryptocurrency community is abuzz with excitement and speculation. Social media platforms have become inundated with discussions surrounding the impending halving, signaling a potential for significant price movements in the volatile crypto market. This surge in social media chatter, as noted by