Cardano (ADA) is currently showing signs of a potential inverted hammer formation on its weekly chart. This pattern typically indicates a shift from bearish to bullish momentum, with buying pressure overcoming initial selling. However, confirmation of this trend reversal is essential, with the need for a subsequent bullish candle to solidify the pattern. Despite this
In a recent interview, pseudonymous trader and analyst Roman made a bold prediction regarding the future of the ETH price, advising investors to lower their short-term expectations. Roman expressed his belief that Ethereum may not perform well in the upcoming months due to Bitcoin dominating the market and altcoins trading sideways. He indicated that a
Jonathan Mann, a prolific songwriter known for his daily compositions over sixteen years, along with conceptual artist Brian L. Frye, has taken legal action against the US Securities and Exchange Commission (SEC). The lawsuit questions whether NFTs, specifically those representing digital art, should be regarded as securities under US law. Mann protested by stating, “This
Doodles has recently introduced their Super Pass for DoodlesTV, now available for minting on Coinbase’s Base–an Ethereum layer-2 scaling network. This marks a significant milestone in Doodles’ transformation from a collection of NFTs to a comprehensive Web3 entertainment company. DoodlesTV, the latest addition to The Stoodio at the Doodles site, utilizes Web3 technology to revolutionize
Recently, Cardano (ADA) has experienced a significant surge in Exchange Traded Product (ETP) inflows, with institutional investors playing a crucial role in this unexpected development. CoinShares, a prominent firm in the crypto ETP industry, released a weekly report on digital asset fund flows. According to the report, digital asset investment products saw an inflow of
Samuel Edyme, also known by his nickname HIM-buktu, is not your typical web3 content writer. His journey into the realm of crypto was far from conventional, starting with a Ponzi scheme that led him down a path of self-discovery and resilience. Despite facing setbacks and challenges, Edyme emerged as a seasoned trader and insightful market
BlackRock, one of the largest asset managers in the world, has made it clear that they currently have no plans to launch a Solana (SOL) ETF in the near future. This decision comes despite the tremendous success of their Bitcoin and Ethereum spot ETFs that were launched earlier this year. BlackRock’s Chief Investment Officer, Samara
In today’s rapidly evolving financial landscape, transparency is key when it comes to investments in the crypto market. Recently, 21Shares, a part of 21Shares AG, made an important announcement regarding the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move highlights the company’s commitment to improving transparency in its offerings, particularly the
Goldman Sachs CEO David Solomon recently expressed his belief that Bitcoin could potentially serve as a store of value similar to gold. While Solomon acknowledged the value of Bitcoin, he maintained a cautious stance towards the digital asset. In a CNBC interview, he emphasized that he does not see Bitcoin as a practical investment due
The US Securities and Exchange Commission (SEC) has announced its plans to amend the original complaint against Binance, a prominent cryptocurrency exchange platform. This move by the SEC could potentially eliminate the need for the court to make a decision on tokens that were previously categorized as securities. The joint filing, which was made public
Shiba Inu, a popular meme coin, experienced a 3% price dip amidst a substantial plunge in the cryptocurrency market. This drop was largely attributed to the US government’s decision to move $2 billion worth of bitcoin holdings to a new address, potentially signaling a sale. However, despite this initial setback, there are indicators suggesting a
The decentralized exchanges (DEXs) have reached a milestone with their highest-ever trading volume compared to centralized exchanges (CEXs). Uniswap founder Hayden Adams pointed out this significant achievement, emphasizing that the DEX market share is currently at an all-time high in relation to CEXs. This trend is supported by a chart from The Block, illustrating the
The U.S. Securities and Exchange Commission recently announced a pause in its allegations that native crypto assets of Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities in the ongoing lawsuit against Binance. This move comes as a significant development in the crypto space, as these assets have faced intense scrutiny and potential delistings
The Bitcoin open interest serves as a crucial indicator of investor sentiment towards the cryptocurrency market. When the metric hits a new all-time high, it can have significant implications for the future of Bitcoin. Recently, the open interest reached a record level, surpassing $39.5 billion, signaling increased interest from traders. While this may seem like
Ripple’s XRP has shown significant volatility in its price movement in the past few weeks. Starting below $0.40, it quickly rose to over $0.63 before retracing below $0.55. Currently, it has consolidated around $0.60, showing signs of uncertainty in the market. One user pointed out the tight Bollinger Bands, indicating a potential large price movement
Cryptocurrency enthusiasts have been closely monitoring Ethereum, the second-largest cryptocurrency by market capitalization, as it begins to show signs of a bullish trajectory. According to insights from CoinSignals, a leading crypto analysis platform, Ethereum is on track for a substantial price rally. The platform suggests that Ethereum could potentially reach a price range between $12,000
Fight League Survivor offers players an exhilarating experience as they confront the formidable Icharid Covenant in an action-packed and survival game. Set against the backdrop of Bastion, players take on the role of liberators fighting to free besieged worlds and save brainwashed warriors from the clutches of the Icharid Covenant. The game is known for
Bitcoin has approached its all-time high before facing rejection, showcasing the volatility that comes with crypto assets. The recent surge in bitcoin price is supported by various factors, such as surpassing the average realized price for short-term investors after crossing the $63,500 mark. This indicates renewed market strength and confidence among investors. Market capitalizations of
China has played a significant role in the Bitcoin industry, particularly in mining and trading activities. In 2017, Chinese miners accounted for over 70% of the Bitcoin network’s hashrate, establishing the country as a dominant force in the global mining sector. Despite regulatory challenges such as the banning of Initial Coin Offerings (ICOs) and shutting
SBINFT recently announced the relaunch of its NFT marketplace, SBINFT Market, with a complete makeover aimed at enhancing the user experience. The revamped platform now features improved UI/UX and enhanced features, making it easier for partners and collectors to navigate through various NFT collections designed for Web3 communities. One of the key goals of the
After reaching a high of $73,400 in March 2024, the Bitcoin price has been on a downward trend, staying below its peak for the last four months. Despite this, there is optimism surrounding a potential recovery, with crypto analyst “Melikatrader94” predicting a resurgence to $77,600. The analyst’s thesis is based on bullish chart patterns, particularly
Greetings Verse Community, We are excited to announce the results of our recent brand refresh voting proposal. The community has spoken, and a clear winner has emerged! Proposal Recap In our ongoing effort to make the Verse Ecosystem more inviting, relatable, and inclusive, we proposed a brand refresh. The goal was to modernize our brand elements — trademark,
Solana (SOL) has recently made significant strides in the cryptocurrency market, climbing to become the fourth-largest digital asset by market capitalization. With daily price gains of nearly 5%, SOL is currently trading at around $192, with a market cap approaching $90 billion. This surge in value has propelled SOL above Binance Coin (BNB) in terms
US Republican Presidential candidate Donald Trump recently made headlines when he addressed the Bitcoin 2024 conference in Nashville on July 27. During his speech, Trump made bold promises to the crypto community, including his plans for the US government’s Bitcoin holdings if elected. He pledged that his administration would enforce a policy requiring the government
Shibarium, the layer-2 blockchain solution for Shiba Inu, has recently reached a milestone by processing over 6 million blocks. This is a significant achievement considering the protocol was officially launched less than a year ago. The increase in processed blocks indicates a surge in activity within the network, as well as a growing interest in
In the competitive world of crypto exchanges, Zoomex has set itself apart by prioritizing user anonymity. Unlike many other platforms that require extensive Know Your Customer (KYC) verification processes, Zoomex does not mandate KYC. This policy ensures that users can trade confidently, knowing their personal data remains private and secure. This emphasis on privacy particularly
In a bold move that has sparked a lot of discussion and debate, Republican representative for Wyoming proposed the idea of creating a strategic Bitcoin reserve for the United States. This idea was presented at the Bitcoin 2024 Conference in Nashville on July 27, with the goal of securing the country’s economic future and solidifying