The US government is pushing for tougher penalties against Changpeng Zhao, the founder of Binance. In a court filing on April 23, 2024, the Department of Justice suggested that Zhao be sentenced to three years in prison and pay a $50 million fine for facilitating Binance’s violation of federal sanctions and anti-money laundering laws. The … Read more
The Bitcoin halving in 2024 was an exciting time in the crypto world, with many changes expected from reduced miner rewards to rising Bitcoin prices. But this particular event brought something new to light: a significant change in Bitcoin transactions because of the emergence of Bitcoin Runes. On that day, Runes were responsible for an … Read more
Polkadot (DOT), the blockchain network that links various blockchains together, is facing a dilemma. Some technical signs point to a possible price decrease, while certain analysts are optimistic about its future value. In simpler terms, the recent price changes suggest a less optimistic outlook. The Decentralized Oracle Token (DOT) has dropped below its trendline’s lower … Read more
Ethereum (ETH), currently leading the web3 world with over $279 billion in total value locked through its widely used EVM, is gearing up for an exciting phase during the macro bull market. With a fully diluted valuation of approximately $396 billion and daily trading volume averaging around $11 billion, Ethereum experienced a 3% increase in … Read more
Solana has recovered from over six weeks of network overload. The problem that caused delays in processing transactions, resulting in a longer block time of more than 2 seconds, has been fixed. Reaching normal block production again is a significant achievement for Solana, given its past challenges. Transactions now confirm in under two seconds, an … Read more
After toiling intensely for three years over their Bitcoin mining chips at Block Inc, led by Jack Dorsey (Twitter’s founder and CEO), they unveiled the completion of their groundbreaking three-nanometer chip development. A passionate advocate for a more inclusive and decentralized Bitcoin mining landscape, Dorsey has spearheaded this project at Block Inc. A 3nm chip … Read more
The price of Hedera’s own token, HBAR, jumped approximately 100% within the last 24 hours. This price increase was caused by the announcement that BlackRock, a well-known American investment firm, plans to tokenize its ICS US Treasury money market fund on the Hedera network. This announcement caused a significant increase in HBAR‘s price from $0.087 … Read more
In his most recent piece, Arthur Hayes, the ex-CEO of BitMEX cryptocurrency exchange, presented a daring investment approach he refers to as the “Left Curve.” This method significantly deviates from common investment strategies usually adopted during bull markets in the crypto sphere. The essay functions both as a call to action for investors and a … Read more
The unpredictable nature of the cryptocurrency market persists, with XRP being no stranger to this volatility. Following an optimistic beginning in 2023, XRP’s price has mimicked the broader market downturn resulting from Bitcoin‘s adjustment. Amidst the pessimistic outlook, however, a distinct narrative emerges beneath the surface – one involving wealthy investors, referred to as “whales,” … Read more
The price of XRP is rebounding above the $0.500 barrier, indicating a favorable trend. It could potentially surge past the resistance levels at $0.580 and $0.600. XRP is attempting a recovery wave above the $0.50 zone. The price is now trading above $0.5150 and the 100 simple moving average (4 hours). There was a break … Read more