Over the past weekend, Bitcoin (BTC) experienced a sharp decline in value, reaching a low of $60,850. Subsequently, it made some progress towards recovery, trading around $64,500 as of now. This unexpected price drop has caused quite a stir within the crypto community, prompting many to seek explanations for the downturn. Seasoned investor Peter Brandt, … Read more
After the cryptocurrency market started to bounce back from last weekend’s downturn, the monetary authority in Fiji has advised citizens to exercise caution when dealing with virtual currencies inside their nation. On Monday, the Reserve Bank of Fiji (RBF) made it clear in a formal statement that digital currencies like Bitcoin (BTC), Ethereum (Ether), and … Read more
BitExchange, a leading cryptocurrency trading platform, has brought excitement to its users with the introduction of EigenLayer Point (ELP) trading against USDT on its Points Program platform’s spot market. This move allows users to interact with the Eigenlayer network before the anticipated Token Generation Event takes place. The announcement from the exchange about EigenLayer’s launch … Read more
To decrease the supply of its token and promote deflation, PancakeSwap (CAKE), the top decentralized exchange on Binance Smart Chain (BSC), has revealed that it has already destroyed 9,219,752 CAKE tokens, valued at over $27 million. This action brings the total amount of burned CAKE tokens to over 1.25 billion, equivalent to more than $3.7 … Read more
On April 16, 2024, Arbitrum, a prominent layer-2 blockchain platform, has announced another significant milestone called “Cliff Unlock.” During this event, around 92.65 million ARB tokens, equivalent to 3.49% of the circulating supply, will be released. Currently, this amount translates to roughly $116.73 million in market value. At this event, the release of tokens is … Read more
After dipping below $66,000, Bitcoin has bounced back due to purchasing activity from short-term holder whales near their average acquisition price. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure According to a CryptoQuant analysis, the price of Bitcoin came close to equaling the average purchase price for short-term whale investors during the latest decline. … Read more
Moving forward, Norway will closely monitor the activities of data centers located within its territory. This action comes in response to the country’s recent announcement of plans to introduce new legislation that will oversee the data center industry. According to a recent local news article, Norway’s Digitalization Minister, Karianne Tung, announced that this is the … Read more
Last week, investors pulled money out of cryptocurrency investment funds more than they put in, amounting to a withdrawal of approximately $126 million. This came as market sentiment towards Bitcoin and other digital currencies remained uncertain, with prices fluctuating significantly. (Data from CoinShares) Despite an increase in trading volumes from $17 billion to $22 billion … Read more
Sports apparel giant Adidas is teaming up with Move-to-Earn platform Stepn, based on Solana, merging the realms of sportswear and Web3 as of April 15, 2024. This groundbreaking collaboration offers an engaging fusion of fitness and crypto for both enthusiasts of working out and digital currency. The partnership kicks off with a limited collection of … Read more
Recently, Toncoin (TON), the cryptocurrency linked to The Open Network, has defied expectations, surging by over 18% in an unexpected development. This growth occurred even as the broader crypto market experienced a downturn, making TON’s performance all the more noteworthy. Additionally, recent updates enhancing its utility have likely contributed to this price increase. Toncoin Shining … Read more