In early 2021, Yuga Labs burst onto the scene with its groundbreaking Bored Ape Yacht Club NFT project on Ethereum. The company’s meteoric rise was solidified with a peak valuation of $4 billion and a successful $450 million funding round in 2022. However, despite these achievements, Yuga Labs recently announced a significant restructuring initiative that
The recent CryptoQuant report has shown a significant drop in the portion of Bitcoin miner revenue generated from transaction fees. After reaching a peak of 75% on April 19, transaction fees now only account for 35% of total miner revenue. This decline comes after the most recent halving event, which saw miner block rewards cut
The recent surge in trading activity on the Bitcoin network has caught the attention of many investors and analysts. While the halving event did bring a lot of focus to Bitcoin, the increase in transactions can be primarily attributed to the introduction of the Runes token standard. On-chain data from IntoTheBlock shows a significant rise
The latest on-chain data suggests that the Bitcoin network may be facing a period of reduced high-value transactions, leading to a decline in market activity. This decline seems to be reflected in the price of Bitcoin, which has been struggling to break out of consolidation over the past few weeks. With the price of BTC
Upbit, a prominent cryptocurrency platform in South Korea, has been at the center of attention due to its significant role in the country’s trading activities. With over 80% of South Korea’s trading volume, Upbit has established itself as one of the top five exchanges globally. However, recent developments in cryptocurrency regulations in South Korea have
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets in the past year compared to the previous bull market cycle. A recent survey conducted by accounting firm KPMG shed light on this growing trend among institutional investors. The consulting group’s bi-annual survey, titled “Institutional Adoption of Cryptoassets,” received responses from 65 participants,
In recent times, the meme coin sector has seen significant growth, with popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the pack. Newer tokens such as dogwifhat (WIF) and Pepe (PEPE) are also gaining traction within the community. This surge in popularity has caused the overall market capitalization of meme coins to exceed
Cryptocurrency expert Peter Brandt has recently made a bold claim that the Bitcoin top for this market cycle may have already been reached. He based this conclusion on his “exponential decay” thesis, suggesting that historical data indicates Bitcoin’s price has peaked. Brandt noted that Bitcoin’s percentage gain has diminished in each consecutive bull cycle, with
Verasity, a pioneering ad-tech company and the creator of the $VRA token, has recently unveiled an exciting collaboration with Creo Engine, a rapidly growing web3 gaming platform. This partnership aims to integrate VeraViews’ innovative video player features and in-game rewards into Creo Play’s extensive gaming library. The CEO of Verasity, RJ Mark, emphasized the significance
There has been a recent buzz in the cryptocurrency world regarding a deep learning model that projects a significant price increase for Bitcoin (BTC) in the upcoming month. The model, developed by CryptoQuant, is based on a vast dataset of historical price movements and on-chain activity. It predicts that Bitcoin could skyrocket past the $77,000
The Bitcoin network recently achieved a significant milestone with its daily transactions hitting a record high of 927,000. This surpasses the previous record of 724,000 set back in December 2023, showcasing the increasing adoption and utility of cryptocurrencies. The introduction of Runes, a new token standard on the Bitcoin blockchain, played a pivotal role in
The realm of digital collectibles is undergoing a transformative shift, as augmented reality (AR) technology is being integrated into Non-Fungible Tokens (NFTs) on the Bitcoin blockchain. This innovative approach, exemplified by projects like Jade ARdinals, is bridging the gap between the digital and physical worlds, offering a slew of new possibilities for NFT enthusiasts. ARdinals
Ethereum withdrawals from centralized exchanges have been on the rise over the past week, indicating a shift in investor sentiment. The significant amount of ETH being withdrawn suggests that investors are taking steps to secure their positions in anticipation of better price prospects. This trend has been highlighted by the actions of Ethereum investors as
US Senators Elizabeth Warren and Bill Cassidy have taken a bipartisan stand against the use of cryptocurrency in the illegal trade of child sexual abuse material (CSAM). In a letter addressed to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas, the senators highlighted the pseudonymity of cryptocurrencies as a critical factor enabling
The latest buzz in the crypto market revolves around SPACEX, a new token launch by a dedicated Elon Musk enthusiast and developer. With the success of introducing multi-chain versions for ELON and TESSLA tokens, SPACEX is now ready to colonize Mars, according to a tweet from the developer. The price action of SPACEX has seen
The recent decline in demand for Spot Bitcoin ETFs has had a significant impact on the broader crypto market. On April 26, there were considerable outflows recorded, with the total net outflows reaching $217 million on April 25 alone. Grayscale’s Bitcoin Trust (GBTC) accounted for the majority of these outflows, with investors pulling $139.4 million
The TON Foundation has recently made an announcement regarding an airdrop opportunity for active NFT traders and holders. This airdrop will distribute 105,600 TON tokens, equivalent to around $600K, to eligible participants on popular Ton NFT marketplaces. The TON Foundation is a non-profit organization focused on promoting and developing the Ton blockchain. This blockchain is
Jabara Igbara, better known as Jay Mazini on Instagram, has recently made headlines for all the wrong reasons. Once boasting about being a crypto millionaire on social media, Igbara has now been sentenced to seven years in prison by U.S. District Judge Frederic Block. This sentence comes as a result of wire fraud and money
Recent data from analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The analysis reveals a significant decrease in ‘profitability’ for ADA holders compared to other cryptocurrencies like Bitcoin and TRX. This article aims to delve deeper into the implications of this trend and explore potential future prospects for
In the recent surge of meme coin popularity, ELON, an ERC-20 token inspired by Elon Musk, saw an impressive 229-fold increase in its price overnight. Despite its association with the legendary meme coin community figure, Elon Musk, there is actually no official connection between the token and the entrepreneur. ELON is currently trading at a
Bitcoin (BTC) has experienced significant pullbacks since the bear market in 2022, with losses of up to 23% at times. Recognizing the depth of these declines can be crucial for investors looking to maximize their returns. Rebounds from these drops often result in substantial gains, making it essential to pay attention to the market movements.
Renowned chief economist and Bitcoin critic, Peter Schiff, has recently made a cautious prediction regarding the world’s largest cryptocurrency, Bitcoin. Schiff highlighted the critical importance of Bitcoin maintaining a stronghold above $60,000 in order to avert a substantial price decline. In his recent social media post, Schiff shared a price chart of Bitcoin against the
The recent news of Ethereum experiencing a 5% price drop within 24 hours has sent ripples across the cryptocurrency market. This drop is attributed to the growing speculation that the highly anticipated Ethereum Exchange-Traded Funds (ETFs) may face rejection by the US Securities and Exchange Commission (SEC). According to a recent report by Reuters, various
The recent approval of new Anti-Money Laundering Regulations (AMLR) by the European Parliament has significant implications for Crypto Asset Service Providers (CASP) in Europe. These regulations mandate stringent Know Your Customer (KYC) procedures to combat money laundering. CASPs, including banks, assets and crypto asset managers, as well as real and virtual estate agents, are now
The rise of blockchain technology has brought significant changes to the gaming industry, challenging traditional models with decentralized alternatives that prioritize player ownership and new revenue streams. In this landscape, Beam shines as a gaming-focused subnet on the Avalanche Network, offering a fast and secure platform for developers and gamers alike. The Unique Approach of
Binance’s co-founder and former CEO, Changpeng ‘CZ’ Zhao, recently submitted a letter of apology to the court on April 24. In the letter, Zhao expressed regret for his poor decisions and accepted full responsibility for his actions. He acknowledged that he should have implemented compliance changes at Binance earlier on and highlighted the stringent controls
The price of Bitcoin has been highly volatile leading up to the Bitcoin Halving event, but has since shown signs of stability and growth. With the price reaching $66,000, many top crypto analysts are making bullish predictions regarding the future path of the coin. Captain Faibik, a respected cryptocurrency analyst and trader, has put forward