In the past 24 hours, Bittensor token, TAO, has experienced a significant drop of -17%. This has caused panic among TAO holders, who are now questioning the stability of Bittensor. The plummet in TAO price coincides with a period of substantial growth within the Bittensor ecosystem, leading some to speculate that the price decline is
The Bank for International Settlements (BIS) has recently issued a warning about the potential risks of fragmentation and dominance by private firms within the nascent metaverse. The BIS emphasizes the crucial role of public policies in safeguarding the future of this digital ecosystem. In their comprehensive report published on February 7th, the watchdog highlights how
Cardano’s price has been experiencing some intriguing developments recently. The fluctuations in price and market volume have caught the attention of investors and traders alike. In this article, we will delve into the technical signals, price patterns, and market predictions surrounding Cardano (ADA). Flashing Technical Signals One of the notable technical signals on Cardano’s chart
Bitcoin (BTC) has defied recent bearish sentiment and has come back stronger than ever. On Wednesday, the leading cryptocurrency surged past $44,000 and reached a four-week high, inching closer to the prestigious $45K mark. This remarkable resurgence can be attributed to various factors, including increased accumulation by major investors, record-breaking levels in US equity markets,
Space Nation, a leading video game developer based in Los Angeles, has been making waves in the gaming industry with its highly anticipated MMO game. Unlike any other game on the market, Space Nation Online promises an immersive and personalized gaming experience by leveraging the power of generative AI and Web3 elements. Founded in 2019
The joint application for a spot Ethereum exchange-traded fund (ETF) by Ark Invest and 21Shares has undergone significant amendments, as highlighted in a recent S-1 filing. The changes primarily focus on the creation and redemption process, limiting it to cash-based transactions rather than in-kind exchanges involving ETH. This article delves into the implications of this
In the midst of the US trading session, blue-chip crypto markets are experiencing upward movement. Bitcoin (BTC) has surged to new one-week highs in the $43,600s and is now eyeing a breakthrough of the $44,000 resistance level. Ether (ETH) has also made significant gains, crossing the $2,400 mark for the first time in over two
Cardano (ADA) has recently been experiencing a stagnant price, but beneath the surface, the Cardano blockchain is witnessing tremendous activity. Transaction volumes and wallet addresses are on the rise, indicating a growing interest and adoption of the network. This surge in activity has garnered attention and analysis as experts assess the potential for Cardano’s price
Ethereum (ETH) is taking significant steps forward in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This upgrade holds great promise for the Ethereum network, as it aims to enhance transaction efficiency, scalability, and reduce transaction fees by up to 90%. With these advancements, Ethereum has experienced
Chainlink’s LINK token has experienced a significant surge in value since late January, reaching a 24-month peak and achieving a market cap of $10 billion. This recent surge has been attributed to various factors, including the accumulation of tokens by crypto whales and increased activity in the derivatives market. In recent days, crypto whales have
Bitcoin, the world’s most popular cryptocurrency, has been in a stagnant phase since mid-January. After the price broke out of an upward channel, it has been moving sideways, hovering around the same price level as on January 13. However, this period of dullness may soon come to an end, as the Bollinger Band Width (BBW)
The emergence of ERC404, a novel token standard in the blockchain space, has caused quite a stir within the crypto community. Its unique combination of ERC20 and ERC721 properties has propelled it to new heights, with an impressive $87 million in trading volume on decentralized exchanges in just its first week of existence. Additionally, NFT
Digital asset investment products have attracted significant attention from institutional investors. According to a recent CoinShares report, Bitcoin and Solana emerged as the leaders in institutional inflows. Bitcoin accounted for 99% of all flows into these investment products, with total inflows reaching $703 million. Solana followed at a distance with an inflow of $13 million,
The cryptocurrency market is constantly evolving, and Sponge coin is making waves with its recent relaunch. After the introduction of Sponge V2 on Polygon’s Layer 2 sidechain, the meme coin has seen an impressive rally. In the last 24 hours alone, Sponge has surged by a staggering 69%. This remarkable growth translates to a remarkable
The cryptocurrency market experienced a significant event as Binance, the largest crypto exchange by trading volume, announced the delisting of Monero (XMR) and Multichain (MULTI). This decision sent shockwaves throughout the market, causing both digital assets to plummet in value. The delisting comes as no surprise given Binance’s warning about potential failure to meet listing
Dogecoin, the original meme coin, has encountered significant resistance at the $0.08 level, even after a temporary upward breakout. Unlike other cryptocurrencies in the market, Dogecoin’s trajectory hasn’t followed the same path. However, this hasn’t deterred the network from experiencing growth across various metrics. Although Dogecoin’s value has declined by 23% since its local peak
In a statement on February 5th, Michael Sonnenshein, CEO of Grayscale, emphasized the importance of advocating for the development of a robust listed options market for spot Bitcoin exchange-traded funds (ETFs). While Bitcoin has been trading publicly since 2015 through Grayscale’s GBTC, listed options have not been available due to the absence of an options
The world of Web3 has witnessed a significant breakthrough in the seamless registration of decentralized domain names. Thanks to the recent collaboration between GoDaddy and Ethereum Name Service (ENS), individuals can now effortlessly connect their .eth domains with traditional DNS top-level domains at no additional cost. ENS, also known as Ethereum Name Service, operates as
The South Korean Financial Services Commission (FSC) recently announced significant legislative amendments aimed at tightening regulations surrounding virtual asset business operators. These amendments are designed to enhance compliance and oversight in the rapidly evolving virtual asset sector, with a particular focus on the accountability and duties of crypto executives. One of the central changes introduced
As the flagship cryptocurrency, Bitcoin, continues to trade flat, it appears to be at a crucial turning point. Crypto analyst Eric Krown Crypto offers insights into the key factors that will determine Bitcoin’s next move. By utilizing the Stochastic indicator in a recently posted video on his YouTube channel, Krown examines Bitcoin’s current price and
The recent price action of ADA, the native cryptocurrency of the Cardano blockchain, has shown strong support above the $0.488 level. However, crypto analyst Ali Martinez suggests that this current price performance is reminiscent of a previous pattern in late 2020, which preceded a massive bull run. This article will analyze the potential for Cardano
In the dynamic world of cryptocurrency, Ethereum (ETH), the second largest digital asset, has been making waves with its recent bullish momentum. Market analysts at Altcoin Daily have identified three major factors that could potentially drive up the price of Ethereum in the coming months. With their optimistic insights, they anticipate ETH to reach an
The cryptocurrency market has been witnessing a trend of explosive moves in recent months, with Solana meme coins gaining significant attention. One of the latest coins to skyrocket is SpaceX token, which has experienced a stunning +20,000% move. While this astronomical price pump may seem enticing to some investors, it is crucial to analyze the
Crypto analyst Michaël van de Poppe believes that altcoin season is currently underway. With his extensive following of nearly 700K on X, he suggests that there are only three months left to make entries at value. According to van de Poppe, the period before Bitcoin halving, which is now taking place, is the optimal time
Shrapnel, the much-awaited Avalanche first-person shooter game, has finally arrived on the Epic Games Store for its early access debut. Titled “Shrapnel Training Exercises One” (STX1), this exclusive release is only accessible to those who have purchased the game’s “Extraction Pack” access keys. With the early access launch, players will get to experience limited three-day
Bitcoin, the leading cryptocurrency, is currently experiencing a period of consolidation, leaving many investors uncertain about its future direction. Despite the lackluster price action, on-chain data reveals a significant increase in the number of large holders, or whales, adding to their Bitcoin wallets. This accumulation by whales suggests continued confidence in the cryptocurrency, even amidst
The realm of digital currencies has always been characterized by constant change and evolution. Ethereum (ETH), the second-largest cryptocurrency by market cap, is no exception. In recent weeks, a significant exodus of ETH from centralized exchanges has been observed, indicating a growing preference for holding the asset outside of trading platforms. Data from Coingecko reveals