Last week on April 19, Bitcoin underwent a productive halving process at block number 840,000. This event led to a decrease of 50% in mining rewards for Bitcoins mined. Following this, Bitcoin’s price has rebounded by over 10%, rising from the recent dip around $60,000. Currently, Bitcoin’s market capitalization stands at an impressive $1.3 trillion. … Read more
Woo X, a cryptocurrency trading platform, has introduced a new yield-generating product called RWA Earn Vaults in partnership with OpenTrade, a London-based institutional tokenization firm. According to the announcement, this marks the first instance of a cryptocurrency exchange providing access to tokenized US Treasury bills to individual investors. This groundbreaking action by the company is … Read more
Shiba Inu (SHIB), the second-most popular meme coin in the crypto industry after Dogecoin (DOGE), has secured $12 million in funding from venture capital firms outside the United States to fuel its ecosystem expansion. The digital asset TREAT, which functions as the governance token for an upcoming blockchain technology called FHE (Fully Homomorphic Encryption), was … Read more
In the wake of Bitcoin‘s halving in 2024 marking the start of a new bull market cycle for cryptocurrencies, Thai regulators have intensified their efforts to control the emerging crypto industry. Effective immediately, access to unauthorized cryptocurrency exchanges in Thailand will be restricted. (Source: Announcement dated April 19, 2024) According to Pornanong Busaratrakul, the SEC’s … Read more
In a recent chart examination posted on X, cryptocurrency expert Dark Defender offered perspectives on possible price fluctuations for XRP prior to the upcoming Ripple-SEC case decision. Conducted over a monthly time span, this analysis indicates that XRP has remained above a significant support line denoted by the blue marking. Amidst growing interest in the … Read more
To improve trading efficiency and provide better user experiences, Binance plans to adjust the trading increments, or stepsizes, for certain digital assets in the near future. By making this change, Binance hopes to simplify transactions and enable quicker and more accurate pricing on various cryptocurrency exchanges. Targeted Crypto Assets and Step Size Modification The adjustment … Read more
A crypto expert, identified as chudnov on the X platform, has shared concerns about EigenLayer’s supposed advancements in security and scalability. According to this analyst, an upcoming yield crisis on EigenLayer could lead to a significant drop in revenue. Looming Threats on EigenLayer The Tokens-Locking contract in EigenLayer has a large sum of $15 billion … Read more
Bitcoin advocates in Switzerland are attempting to persuade the Swiss National Bank (SNB) to include Bitcoin among its reserve assets. Some Bitcoin supporters have initiated a referendum process aiming to amend Switzerland’s constitution slightly, allowing for Bitcoin to be added alongside gold as part of the national reserves. Bitcoin in Swiss National Reserves Based on … Read more
Jesse Pollak, one of the masterminds behind Coinbase’s Ethereum scaling solution Base, shared his perspective at a recent hackathon in New York. He emphasized that meme coins are expected to attract a large number of new users to the Ethereum-based protocol due to their influence. Pollak acknowledged that this trendy asset class has been instrumental … Read more
Bitcoin transaction fees hit a record high on April 20, 2024, aligning with the BTC halving event. However, fees have significantly dropped since then, from a peak of $128.45 per transaction to a more manageable $34.80 as of April 21, based on YCharts data. The sudden increase in transactions can be linked to the introduction … Read more