Core Scientific, a Texas-based Bitcoin mining company, recently announced the pricing of its increased offering of $400 million in convertible senior notes. Originally set at $350 million, the offering was upsized due to favorable market conditions. Scheduled to settle in August 2024, the notes will be issued privately to qualified institutional buyers, with an option
As Bitcoin hovers far below its peak of $20,000, one analyst has predicted that the cryptocurrency will inevitably fall back to this level once again. The analyst, known as “Without Worries”, has outlined the possibility of Bitcoin crashing to $20,000 in a recent analysis on TradingView. Key Indicators Point to Resistance The analysis focuses on
In the midst of the current market downturn, investor sentiment in the digital asset market remains uncertain. However, insights from Glassnode reveal a shift towards HODLing and accumulation among cryptocurrency investors. The data indicates a trend where investors are increasingly holding onto their assets rather than engaging in selling. Glassnode’s Accumulation Trend Score (ATS) metric,
Australia’s Securities and Investments Commission (ASIC) recently filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., alleging that ASX made misleading statements regarding its blockchain trade settlement project. ASIC claims that ASX falsely reported in February 2022 that the project was on track for an April 2023 launch and was progressing, when in reality,
Ethereum’s Layer 2 ecosystem is currently experiencing a surge in activity, with daily transaction volumes hitting new records. According to recent data, transactions across Layer 2 networks reached 12.42 million on August 12, showcasing a significant increase in user engagement and scalability. This growth is a promising sign for the future of Ethereum’s Layer 2
Samuel Edyme, also known by his nickname HIM-buktu, is not your typical web3 content writer. His journey into the world of crypto was not a smooth one, starting with a scam that left him wiser and more determined. Despite facing challenges like Ponzi schemes and market crashes, Edyme has emerged as a voice of reason
The price of Bitcoin experienced a significant increase of nearly $2,000 in just one day, driven by the unexpected positive core Producer Price Index (PPI) numbers in the United States. This surge also influenced the performance of several alternative cryptocurrencies, with TON leading the pack with a surge to over $6.7. Bitcoin managed to climb
Crypto analyst Javon Marks has made a bold prediction regarding Ethereum (ETH), suggesting that the cryptocurrency could experience a significant 75% breakout and climb to $4,723. Marks highlighted the presence of bull divergences signaling a potential parabolic rally for ETH. Additionally, he hinted at the possibility of Ethereum reaching $8,348, although no specific timeline was
Coinbase recently submitted a comment letter criticizing the US Securities and Exchange Commission’s (SEC) cost-benefit analysis of the proposed rule. The letter pointed out significant flaws in the SEC’s assessment of the rule’s economic impact on efficiency, competition, and capital formation. Despite admitting a lack of crucial information on decentralized exchange (DEX) operations and compliance
Upland, the virtual property trading game, recently reached a significant milestone by adding Paris to its Metaverse. This new addition has allowed players to own and develop virtual properties in one of the most famous cities in the world. The introduction of Paris has sparked immense excitement within the Upland community, as evidenced by the
The once-prominent crypto hedge fund, Three Arrows Capital (3AC), is now at the center of a $1.3 billion lawsuit against TerraForm Labs. The liquidators of 3AC are aggressively pursuing legal action against the bankrupt digital assets company, alleging market manipulation that resulted in substantial losses for the fund. TerraForm Labs, co-founded by Do Kwon, is
Crypto analyst, Peter Brandt, recently identified an inverted or expanding triangle pattern in Bitcoin (BTC). This pattern was observed through traditional charting principles and analyzed for its potential impact on Bitcoin’s price trajectory. The unique formation of this pattern was showcased in a price chart from May 2023 to November 2024, displaying two descending trend
The current market conditions have left many new Bitcoin investors in a state of financial stress. Metrics such as the Short-Term Holder MVRV (Market Value to Realized Value) and the standard deviation (SD) of the short-term holder Cost-Basis show that newer market participants are facing significant losses on their Bitcoin (BTC) investments. The Short-Term Holder
The US spot Ethereum ETFs saw a significant increase in total inflows on Monday, with a total of $4.9 million pouring into the market. Among the top performers was Fidelity Ethereum Fund (FETH), which recorded an inflow of $3.98 million, followed closely by Bitwise Ethereum ETF (ETHW) at $2.86 million, and Franklin Ethereum Trust (EZET)
Unioverse, a popular sci-fi franchise and gaming platform, has once again made headlines with the release of its latest game, Hoverdrome. This new game is not your average offering; it promises an exhilarating gaming experience that combines the best elements of Mario Kart and Rocket League. The main goal of Hoverdrome is to introduce mainstream
There is a sense of anticipation within the cryptocurrency community as Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna expects the Biden administration to release a cryptocurrency regulation roadmap “in the coming weeks.” Following discussions between the White House and industry leaders, Khanna is hopeful that the new regulations will provide a clear path towards
The recent trading activities in the cryptocurrency market have signaled a crucial point for Ethereum, as it approaches a bearish triangle pattern. This pattern is indicative of a potential significant breakout, with the possibility of a sharp decline towards the $2,160 target. The current price of Ethereum stands at around $2,642, with a market capitalization
A US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the United States subsidiary of the global Binance exchange. The court found that the plaintiff, Ryan Cox, had valid claims against both Binance.US and CoinMarketCap over accusations that the crypto platforms manipulated the price of the Hex token. In 2021,
Following a significant downturn earlier in the week, Ethereum (ETH) has managed to stage a recovery and reclaim the crucial $2,600 level. The recent crash on August 5 brought Ethereum’s price down to $2,112, marking the largest market slump of the year. Despite this, the digital asset has since bounced back, showing an 8% increase
SUI has experienced a significant 125% weekly increase, largely attributed to the launch of Grayscale’s Sui Trust. The trust has brought attention to SUI and attracted investors looking to capitalize on the underlying asset. However, despite the impressive gains, there are indications that SUI may be overbought. Industry figures like Raoul Pal have praised SUI
Bitcoin has been making waves in the cryptocurrency market recently, with analysts speculating on the potential for a bullish surge in the near future. One crypto analyst, known as ‘Sensei’, has made a bold prediction that Bitcoin could reach $72,000, despite recent price fluctuations. This article will analyze the optimistic forecast presented by Sensei and
Gala Games has recently introduced a new feature that allows users to log in to their platforms using their existing Telegram accounts. This Single Sign On (SSO) option eliminates the need for usernames and passwords, making the process of accessing Gala platforms such as Gala Games, Gala Music, and Gala Film faster and more straightforward.
The Unlighted Alpha NFT Mint Pass is not just a mere collectible; it is a golden ticket that opens the door to a world of exclusive privileges and content within the Unlighted universe. Holders of this pass will be granted priority access to upcoming NFT whitelists, special in-game items, and content that will be off-limits
The latest data from CoinShares has revealed a notable comeback in the crypto market, with digital asset investment products seeing $176 million in inflows. According to James Butterfill, head of research at CoinShares, this surge in investor confidence signals a strong, “unanimous” positive sentiment, particularly towards Ethereum-based funds. Ethereum products have distinctly stood out, attracting
The recent market downturn has surprisingly turned out to be a beneficial period for Ethereum and other cryptocurrencies. Investors have seized the opportunity to buy the dip, resulting in Ethereum attracting an impressive $155 million in inflows over the past week. The positive sentiment extended beyond Ethereum, with Bitcoin also experiencing an increase in inflows
Coinbase has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). This move by the SEC has been met with criticism from Coinbase and other industry participants, who believe that the proposed regulation
Recently, Binance, the world’s largest cryptocurrency exchange, made a significant announcement regarding the delisting of six altcoins from its platform. The delisted altcoins include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This decision is part of Binance’s periodic review process to ensure that each digital asset listed