After a significant market crash on August 5th, Ethereum (ETH) seems to have found its bottom, according to certain metrics. Data from Glassnode indicates that Ethereum’s market value to realized value (MVRV) bottomed out at $1,687, signaling that the worst may be over for the second-largest cryptocurrency by market cap. This suggests that ETH could
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The recent sudden dip in the crypto market, specifically in Bitcoin, was largely attributed to an overreaction from short-term holders. These investors, who typically hold onto their assets for a brief period, quickly liquidated their positions when faced with the initial decline in prices. This knee-jerk reaction led to further cascading effects in other cryptocurrencies
As the cryptocurrency market grapples with a period of uncertainty characterized by price stagnation and volatility, the Ethereum (ETH) network is gearing up for the highly anticipated Pectra upgrade scheduled for the first quarter of 2025. This significant upgrade has attracted the attention of bullish analysts who believe that it could serve as a catalyst
Bitcoin ETFs have been dominating the market lately, with impressive inflows and a strong performance over the last trading week. On the other hand, Ethereum ETFs are facing challenges, with low trading volumes and consistent withdrawals. The recent volatility in the crypto market has had a significant impact on both asset classes, but the resilience
Cardano, the popular cryptocurrency founded by Charles Hoskinson, has announced a delay in its highly anticipated Chang hardfork. Initially scheduled for August 27, 2024, the hardfork has now been pushed back to September 1, 2024. The reason for this delay, according to Hoskinson, is to allow major platforms like Binance more time to prepare for
Indian cryptocurrency exchange WazirX has recently expressed concerns about external parties attempting to prolong its restructuring process for their own benefits. These parties, who are not invested in the platform, are said to be creating and maintaining uncertainty rather than seeking a resolution to the current situation. Following a major security breach on July 18
Opeyemi delves into the cryptocurrency realm with a fervor that is matched by few. Despite not initially choosing the digital asset industry, he has found himself captivated by its complexities for over two years. His love for unraveling the intricacies of blockchain technology and staying updated on the latest trends in the crypto world drives
Shibarium, a layer-2 blockchain solution designed to support the development of the Shiba Inu ecosystem, has seen significant growth since its inception a year ago. With over 418 million transactions processed and key upgrades such as hard forks to improve network performance, Shibarium has been focused on enhancing transaction costs, speeding up processes, and increasing
The European Union’s approach to regulating artificial intelligence (AI) has come under fire from Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek. In a joint statement, the two tech leaders expressed concern over the EU’s “fragmented regulatory structure” which they claim is stifling innovation in the AI industry. They highlighted that the current framework
German authorities recently conducted a nationwide crackdown on unlicensed crypto ATMs, seizing nearly 250,000 euros in cash and 13 machines. Led by the Federal Financial Supervisory Authority (BaFin), the operation aimed to strengthen regulatory oversight in the rapidly expanding cryptocurrency sector. The sting operation targeted 35 locations across the country where crypto ATMs were allegedly
