Bitcoin recently experienced a significant drop of more than 15% from its mid-March peak, falling to a ten-day low of under $62,000. Analysts have noted that despite the completion of the halving, Bitcoin continues to display red candles, indicating a correction in the market. The uncertainty surrounding the current geopolitical and macroeconomic situation has added
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Following the recent halving event, Bitcoin experienced a dip in price to $62,500, causing concern among investors. Although there was a brief surge above $67,000, the cryptocurrency has been on a downward trajectory, with the current price hovering around $62,000. This price movement has led to over $100 million in liquidations among over-leveraged traders, highlighting
The recent action taken by the SEC against Uniswap has sent shockwaves through the decentralized finance (DeFi) industry. The SEC alleges that certain tokens traded on Uniswap constitute securities, raising concerns about the platform’s compliance with federal securities laws. This move by the SEC highlights a broader regulatory trend targeting decentralized platforms and raises questions
Google Cloud, a leading cloud computing service provider, has recently introduced a new Web3 portal specifically designed for blockchain developers. This portal is aimed at offering resources and assistance to developers interested in creating non-fungible tokens (NFTs) and decentralized applications (DApps). The Web3 portal by Google Cloud provides developers access to a variety of products,
Founded in early 2021, Yuga Labs gained prominence in the crypto space with its iconic Bored Ape Yacht Club NFT project on the Ethereum blockchain. The company soared to success, reaching a peak valuation of $4 billion during a $450 million funding round in 2022. However, recent developments within the company have raised questions about
Following the latest halving event, the percentage of Bitcoin miner revenue generated from transaction fees has seen a significant decrease. According to a recent report from CryptoQuant, transaction fees now only account for 35% of total miner revenue, a stark difference from the 75% recorded just days before the halving took place. The fourth Bitcoin
The Bitcoin network has experienced a significant increase in trading activity following the recent halving event. While the halving did garner attention for the cryptocurrency, the surge in trading can be attributed to other factors as well. Data from on-chain analytics platform IntoTheBlock reveals a rapid growth in daily BTC transactions, reaching a new peak
The latest on-chain revelation indicates that the Bitcoin network has been experiencing a steady decline in high-value transactions over the last few weeks. This decline has been reflected in the price of Bitcoin, which has struggled to break out of consolidation in April. Despite touching the $67,000 level multiple times, the price of BTC has
Upbit, a cryptocurrency platform based in South Korea, has established itself as a major player in the country’s crypto market. Responsible for over 80% of the trading activity in South Korea, Upbit has also emerged as one of the top five exchanges globally in terms of trading volume. This level of dominance has raised concerns
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets over the past year, as revealed by a recent survey conducted by accounting firm KPMG. The survey, titled “Institutional Adoption of Cryptoassets,” garnered responses from 65 participants, including 31 institutional investors managing assets exceeding $500 million, and 34 financial services organizations. The findings
