Ethereum (ETH) has been experiencing difficulties in maintaining the $2,000 support level, with its price repeatedly failing to surpass the $2,100 mark. This underperformance comes amidst a decline in overall market sentiment within the cryptocurrency industry. Several recent developments, such as the U.S. Department of Justice (DOJ) signaling potential severe repercussions for Binance founder Changpeng
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Despite recent fraud scandals involving crypto exchange platforms in Hong Kong, the city’s financial regulators have chosen to retain the grace period for cryptocurrency firms. This decision allows these firms to continue operating without a license until June 2024, providing them with ample time to comply with new regulatory standards. While some may argue that
Last week saw a remarkable influx of capital into digital asset investment products, reaching a staggering $346 million, according to the latest data from CoinShares. This influx represents the largest weekly inflow in a consecutive nine-week period, reminiscent of the enthusiasm witnessed during the bull market of late 2021. The surge in inflows has propelled
PEPE100x, the latest meme token to gain popularity on Uniswap, has experienced a staggering overnight surge of 50x, with its price reaching a record high of $0.00386. This rapid rise is not uncommon in the world of meme coins, as investors are drawn to the potential for significant gains. However, the euphoria surrounding PEPE100x was
The Hamas terrorist organization, backed by Iran, has recently turned to Tron, a faster and more cost-effective blockchain, as a means to finance its attacks against Israel. This shift from Bitcoin to Tron has been observed by financial crime experts and blockchain specialists, who have noticed that several designated terror organizations, including those by the
Vitalik Buterin, the co-founder of Ethereum, recently discussed his plans to overhaul ETH staking and outlined the progression of Ethereum’s roadmap. During a recent interview with the NFT platform Defiant in Turkey, Buterin emphasized the need to reform Ethereum’s staking process to support more effective mining and staking pools. This article delves into the key
Solana (SOL) recently experienced a significant rally, breaking above the $65 resistance level against the US Dollar. This bullish move propelled SOL’s price to new heights, outperforming popular cryptocurrencies like Bitcoin and Ethereum. The bulls even managed to push the price above $68.16, creating a new high for SOL. However, after this impressive surge, the
In an exciting collaboration between Grease Monkey Games and Formula DRIFT, their subsidiary, Animoca Brands, has announced an upcoming Nissan car NFT sale. Set to take place on November 24, 2023, through the Torque Motorsport Store, this event aims to elevate the in-game racing experience for players. The sale will showcase two iconic Nissan models:
Circle, the stablecoin issuer behind USD Coin (USDC), has recently partnered with SBI Holdings, a Tokyo-based financial services firm, with the aim of promoting the adoption of USDC and Web3 services in Japan. This strategic collaboration marks a significant milestone for both companies and aligns with the Japanese government’s efforts to regulate stablecoins and promote
The Bitcoin mining difficulty has once again reached a new all-time high in 2023. This crucial metric determines the rate at which new blocks are added to the blockchain at any given time. Recent data from BTC Blockchain Explorer reveals a significant adjustment at block height 818,496, resulting in a staggering 5.07% increase in the
