At the ongoing Blockchain Life 2024 conference in Dubai, UAE, an unexpected problem arose when heavy floods hit the country extensively. At the Blockchain Life 2024 conference, more than 8,000 people are expected to attend from around the world. This event is significant for those involved in Web3, cryptocurrencies, and mining. It provides a platform … Read more
Coinbase Global Inc (NASDAQ: COIN), a well-known cryptocurrency exchange, made an announcement via X platform that they are integrating Solana Decentralized Exchange (DEX) into their system, allowing users to trade tokens from the Solana Program Library (SPL) on Coinbase Wallet. Beyond Coinbase, Solana SPL Tokens Receive Mass Support On the Solana blockchain, SOL serves as … Read more
Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced a new bill on stablecoins today, named the Lummis-Gillibrand Payment Stablecoin Act. The main goal of this legislation is to require stablecoin issuers to ensure their tokens are fully collateralized. In other words, the reserves backing these tokens must be equivalent in value to one dollar … Read more
The Central Bank of Korea has announced plans to accelerate its Central Bank Digital Currency (CBDC) initiative and conduct a trial run of the digital Korean currency (KRW) involving around 100,000 citizens this year. As stated in recent reports, the primary goal is to evaluate functionality and deposits as the project progresses further. South Korea … Read more
In approximately three days, the Bitcoin halving 2024 will occur, leaving only 2,375 Bitcoins to be mined before the next block reward reduction. Currently priced around $63,492, Bitcoin has been fluctuating near the lower boundary of its horizontal price range, which spans from $61,400 to $72,000. The decline in Bitcoin’s price recently has affected the … Read more
In simple terms, the market for stablecoins around the world is experiencing significant advancements. Notably, Ethana’s native digital currency, USDe, has gained considerable popularity recently. The consistent growth path of USDe has sparked speculation among analysts, who now view it as a potential serious competitor to USD Coin and Tether (USDT) in the marketplace. As … Read more
In the volatile crypto market where prices can reach unprecedented highs or hit new lows unpredictably, Ripple‘s digital asset, XRP, is back in the spotlight. Although its value has dipped lately, XRP supporters continue to be hopeful, inspired by cryptocurrency expert Javon Marks’ unwavering belief. Analyst’s Bold Prediction Marks, who is well-known for his optimistic … Read more
At a panel talk on April 16, Jerome Powell, the Federal Reserve chairman, shared his perspective on adopting a cautious stance in monetary policy in the future. He further pointed out that the recent Consumer Price Index figures have not provided any definitive signal suggesting an imminent approach to the Fed’s desired inflation rate of … Read more
Over $74 million have been withdrawn from real estate betting platform Parcl built on Solana, following a token distribution event on April 15. This mass exit was triggered by the snapshot taken during the recent airdrop of Parcl’s native PRCL tokens to eligible participants. After the announcement, there was a rush among users to withdraw … Read more
In his most recent examination of Bitcoin, renowned crypto expert Christopher Inks identifies potential signs of a bullish Adam and Eve reversal pattern. This pattern, visible on the BTC/USD hourly chart, could significantly influence Bitcoin’s near-term price trend. The graph shows Bitcoin’s price fluctuation having a distinctive shape akin to two dips with a peak … Read more