The recent downturn in the price of Bitcoin has caught the attention of investors and analysts alike. After months of euphoria following the launch of Spot Bitcoin ETFs in the US market, Bitcoin has finally broken below the $60,000 support level for the first time in two months. This signals a potential shift in market
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The recent market crash has sent shockwaves throughout the cryptocurrency world, with tokens like Arweave (AR) experiencing major losses overnight. The token has shed 18.7% of its value, currently trading at $27.76. This drastic decline is part of a larger trend that has seen Bitcoin’s price plummet by 7%. Arweave’s 7-day losses of 18.1% indicate
The AnimeCoin Foundation has collaborated with the Azuki NFT collection to introduce a thrilling web-based game called Gacha Grab. Drawing inspiration from the famous Japanese gachapon toy vending machines, this virtual slot machine offers players a unique opportunity to spin and win various prizes, all while accumulating points and collectibles. But what makes Gacha Grab
Animoca Brands has recently announced a groundbreaking initiative to enter the Bitcoin ecosystem through the utilization of the Opal Protocol. This strategic move is aimed at creating the largest Web3 ecosystem that encompasses various sectors including gaming, entertainment, DeFi, education, and culture. By partnering with Darewise, a metaverse technology platform, Animoca Brands is setting the
Bitcoin Minetrix ($BTCMTX) has recently made headlines with its announcement of a massive token burn, representing 10% of the total supply of 4 billion tokens. This move was followed by speculation of a potential buyback campaign, aimed at driving the price of the token higher. While the specifics of the buyback campaign are still unknown,
A crypto analyst has recently made a prediction regarding when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin. This prediction is based on various market conditions and observations made by the analyst. The analyst, Benjamin Cowen, shared insights on the market conditions, noting similarities between the current market dynamics and those seen in 2019.
A recent griefing attack on the Bitcoin testnet caused a significant surge in network activity, resulting in the generation of over 165,000 blocks within a week. The attacker, Jameson Lopp, co-founder and Chief Security Officer of Casa, openly took credit for the incident, sparking controversy within the Bitcoin community. Lopp described the attack as a
The recent accusations made by House Financial Services Committee Chairman Patrick McHenry against SEC Chair Gary Gensler have raised serious concerns about transparency and consistency within the agency. McHenry’s statement, released on April 30, suggests that Gensler intentionally evaded questions from Congress regarding the classification of Ethereum as a security during his testimony in April
Crypto analyst Ali Martinez has shed light on the significance of the $59,800 price level for the future trajectory of Bitcoin. According to Martinez, this particular price point has often served as a crucial support level for BTC during uptrends. If Bitcoin were to drop to $59,800, there is a high probability of a massive
Mastercard has taken a significant step in the music industry with the announcement of their latest Web3 move – the limited-edition Mastercard Music Pass NFT. This pass is a vital component of the Artist Accelerator program’s second season, which aims to provide emerging musicians with cutting-edge technology and tools to enhance their music creation, marketing,
