Cardano (ADA) has been experiencing a notable decline over the past seven days, with the price dropping below the $0.41 mark. This decline is part of a broader trend affecting many altcoins, as they react to Ethereum’s significant drop in the last 24 hours. The recent movement represents a correction from a bullish run that
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In recent times, Ethereum whales have been making significant moves in the market, as evidenced by on-chain data indicating heavy accumulation of the second-largest crypto token by market cap. Despite a decline in ETH’s price, these investors have been actively buying up large amounts of the cryptocurrency. Data from the market intelligence platform IntoTheBlock reveals
A new partnership between Ordlify, a no-code platform for developing Bitcoin Ordinals collections, and Magic Eden, a top cross-chain NFT marketplace, is set to revolutionize the experience for creators and collectors within the Bitcoin Ordinals ecosystem. This collaboration aims to make it easier for non-technical creatives to mint and sell their collections by providing seamless
Coinbase, a prominent crypto company, faced repercussions from the UK Financial Conduct Authority (FCA) as they were fined £3.5 million for Anti-Money Laundering violations. The FCA highlighted CB Payments Limited’s repeated breaches of guidelines, leading to the substantial penalty. Despite an initial fine of £5 million, a settlement discount reduced it to £3.5 million. This
In a surprising turn of events, a Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, earning a reward of $206,000 in Bitcoin. This feat is particularly remarkable considering the device has just a 1 in 1.1 billion chance of achieving such a
OKX Racer is a thrilling Telegram mini app that offers users the opportunity to predict the price of Bitcoin within a short five-second window. One of the main draws of OKX Racer is its free-to-play model, allowing users to earn points and rewards with accurate predictions. Getting started with OKX Racer is a breeze. Users
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been a long and drawn-out process, with the trial phase starting in April 2024, more than three years after the initial process began. Despite being in its final stage, the conclusion is yet to be reached. Ripple’s CEO has hinted
The second day of trading for the spot Ethereum ETFs saw a significant shift in investor sentiment, with over $133 million being withdrawn from the largest financial vehicles. This led to a massive price drop in the underlying asset, with Ethereum’s price plummeting by 10% in a single day. This stark reaction confirmed earlier predictions
Cynthia Lummis recently raised concerns about the Biden administration’s proposal to impose a 30% excise tax on the energy consumed by Bitcoin miners. She argues that this tax could have severe consequences for the growing Bitcoin mining industry in the U.S. Lummis believes that the administration’s concerns about environmental pollution and risks to the energy
The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, recently took part in a discussion where they openly criticized the Biden-Harris Administration’s handling of the cryptocurrency industry. They highlighted a series of regulatory challenges that they believe are stifling innovation and growth in the sector. One of the main criticisms was directed at
