After ending the previous week with a bullish Doji candlestick after the cryptocurrency halving event, Bitcoin‘s price climbed further on Tuesday. Based on recent market information, Bitcoin momentarily hit a peak of $67,200 in the past day before leveling off around $66,200 during the mid-afternoon session in London. Most altcoins responded with heightened volatility, as … Read more
Binance, a prominent player in the global cryptocurrency exchange market, is experiencing a decline in market share. This downturn can be attributed to several reasons: the ongoing evolution of crypto regulations and Binance’s decreased focus on affordable trading. The exchange no longer promotes its cost-effective trading strategy. Binance’s Market Share Is Falling Based on data … Read more
The dispute between Ripple and the SEC over alleged securities law violations is growing more intense. With new information coming to light, it seems this court case may not be reaching a resolution soon, as Ripple and the SEC strongly disagree on the proper penalty for the infraction. Ripple Proposes $10 Million Fine Instead Instead … Read more
Matt Hougan, the Bitwise CIO, expressed his views on the Bitcoin payments report recently released by the International Monetary Fund. He chose platform X to communicate his thoughts to the public. Bitcoin as a Tool for Economic Freedom Based on the Bitwise executive’s statement, the first cryptocurrency in terms of market value is primarily employed … Read more
After dipping below $60,000, Bitcoin‘s price rebounded strongly to surpass $66,000 during the recent halving event. Following a 70% price increase in Q1 of 2024, Fidelity Digital Assets has updated their mid-term perspective on Bitcoin from optimistic to neutral. Fidelity Digital Assets pointed out that Bitcoin’s current selling pressure arises because it is no longer … Read more
On April 23rd, the Flare API Portal, which offers infrastructure support for Flare, announced an expansion of their interchain services. Now, Cosmos Hub is included in their offerings. The API Portal’s interchain ecosystem on Flare is designed to enhance the developer experience by making it more functional and accessible when working with blockchain technology. The … Read more
Due to President Nicolás Maduro’s broken election promises leading to fresh US sanctions in 2023, Venezuela is turning to cryptocurrencies as a solution to cope with economic hardships. According to Reuters, sources close to the matter revealed that PDVSA, the national oil company, is exploring crypto for exporting oil and crude to circumvent challenges. PDVSA … Read more
XRP, supported by Ripple Labs, showed signs of growth among top altcoins as Bitcoin‘s price momentarily surpassed $67,000 in the previous 24 hours. Based on current market information, XRP was priced at around 55 cents during early trading in London on Tuesday. This represented a nearly 3% increase from the previous day. With a fully … Read more
After the fourth Bitcoin halving occurred last week, the mining rewards have been cut in half, resulting in a significant decrease in miner earnings. Nevertheless, PayPal has put forth an enticing new plan to encourage Bitcoin miners who utilize eco-friendly energy sources. The objective is to make it financially beneficial for Bitcoin miners to adopt … Read more
a meme coin craze. Many investors suffered significant financial losses when they invested in quirky dog and cat-themed, or simply bizarre, tokens that failed to deliver on promises of impressive returns, leaving them feeling disappointed and financially bruised. Solana Stampede: A Frenzy Of Frivolous Finance Spurred on by social media excitement and the anxiety of … Read more