Cardano creator Charles Hoskinson recently addressed the fear, uncertainty, and doubt (FUD) surrounding the development project known as Hydra. Hydra, a layer-two scaling solution aimed at improving the transaction processing capacity of the Cardano blockchain at a lower cost, was rumored to have been abandoned. However, Hoskinson made it clear that Hydra is still actively
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This past weekend was a tumultuous one for the crypto market, particularly for Bitcoin. The leading cryptocurrency experienced a sharp decline, plunging to a ten-day low of under $65,000. This came after a period of bullish momentum that saw BTC reaching a new all-time high of $73,800 on Thursday. However, the euphoria was short-lived as
The recent events in the cryptocurrency market have shaken investors as Bitcoin prices have taken a sharp nosedive. After a period of significant gains and record highs, Bitcoin has dropped to a weekly low of $65,000. This sudden downturn has left many investors reeling, with the current price sitting at $65,710. The 24-hour and weekly
The Asia Pacific region (APAC) has undeniably solidified itself as a thriving environment for the rapidly expanding technology industry. With countries like Singapore, Hong Kong, Vietnam, and Japan leading the charge in innovation, APAC has demonstrated its prowess in technological creativity and advancement. From bustling tech hubs to financial powerhouses, APAC has consistently been at
Bitcoin’s price experienced significant volatility towards the end of the business week, seeing a dramatic drop of $8,000 at one point. Despite this setback, Bitcoin has managed to recover some of its losses. The week started with a lot of ups and downs for Bitcoin, as it initially dropped to $67,000 before rallying to achieve
In the world of cryptocurrency, Bitcoin’s futures market is currently showing signs that have historically indicated bullish sentiment. One metric that analysts are focusing on is the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data has shown that this basis has surged to unprecedented
Grayscale has made a significant regulatory filing amendment to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The latest filing, released on March 15, strengthens their previous submission in various ways. One key point of the update is that it argues surveillance sharing within the CME ETH market is adequate to safeguard against
Paul Grewal, the Chief Legal Officer at Coinbase, recently criticized a letter from two U.S. senators that urged the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds (ETFs). In a March 15 thread, Grewal challenged the assertions of senators Jack Reed and Laphonza Butler and defended the necessity of expanding
In a surprising move earlier this year, Binance, the world’s leading crypto exchange, appears to have separated its venture capital and incubation arm, Binance Labs. The announcement, reflected on Binance Labs’ website, clearly states that it now operates independently and is no longer affiliated with the Binance Group. This change, which occurred between February 19
A group of analysts from the private wealth management firm, Bernstein, have recently reiterated their Bitcoin prediction, stating that the cryptocurrency has a strong potential to reach $150,000 by the year 2025. In a note to clients, analysts Gautam Chhugani and Mahika Sapra expressed their increased confidence in Bitcoin’s exponential surge to new all-time highs
5thScape is not just another virtual reality (VR) and augmented reality (AR) platform. It is a game-changer in the industry, offering a first-of-its-kind crypto-powered experience for users. By integrating crypto tokenization into its platform, 5thScape provides a superior reward system that sets it apart from other VR/AR projects. In the first stage of its presale,
Binance made a significant move when it spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that will no longer be under the group’s purview. This decision was highlighted by Bloomberg in a report on March 15, pointing out that Binance Labs had quietly made this change earlier in the
The world of cryptocurrency is always evolving, with new tokens and projects emerging on a regular basis. One such project that has been gaining attention recently is SPONGE V2. Crypto whales are quickly accumulating this token in anticipation of listings on major exchanges, signaling potential big price moves in the near future. But what exactly
Federal prosecutors are seeking a hefty prison sentence of 40 to 50 years for FTX founder, Sam Bankman-Fried (SBF), who has been convicted of orchestrating a massive financial fraud scheme worth over $8 billion. The sentencing memorandum filed by the US Attorney’s Office for the Southern District of New York sheds light on SBF’s extensive