The cryptocurrency market has continued to face dire conditions, with the trend worsening in the past few hours. Bitcoin, the leading cryptocurrency, has tumbled to a multi-month low of around $57,000. This sharp decline has had a ripple effect on altcoins, resulting in massive losses across the board. The total market capitalization of the cryptocurrency
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In a recent announcement on April 30, Ripple revealed its partnership with HashKey Group, marking another significant step in its collaboration with the renowned financial services giant SBI Group. This joint venture with HashKey DX, a specialized consulting company based in Tokyo, aims to introduce XRP Ledger (XRPL) enterprise solutions to the Japanese market. The
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
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
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
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
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
The Bitcoin network recently achieved a significant milestone with its daily transactions peaking at 927,000, surpassing the previous record set in December 2023. This surge in activity was attributed to the launch of Runes, a new token standard on the Bitcoin blockchain, which has garnered substantial interest and utility in the world of cryptocurrencies. Runes
Jabara Igbara, widely known as “Jay Mazini,” once flaunted his wealth and success as a crypto millionaire on Instagram, amassing nearly one million followers with his extravagant displays of generosity. However, his facade of prosperity came crashing down when he was sentenced to seven years in prison by U.S. District Judge Frederic Block for wire
