In response to the rising number of cryptocurrency-related crimes in Hong Kong, Bitrace has taken proactive measures to address the issue. The data analysis company recently conducted training sessions focusing on on-chain fund tracking for members of the Hong Kong Police Force. This initiative is part of Bitrace’s Corporate Social Responsibility efforts aimed at enhancing
Crypto
In the year 2023, despite an overall decline in venture capital activity, Bitcoin startups saw a massive increase in funding. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360%, with the number of funded Bitcoin companies rising by an impressive 56.9%. The report defines a “Bitcoin
Ripple’s XRP recently experienced a significant drop of 20% following a broader market downturn. However, some analysts view this as a potential buying opportunity rather than a cause for concern. Despite the negative trend, there are optimistic predictions indicating a bullish outlook for the asset. One analyst, going by the name EGRAG CRYPTO, believes that
Bitcoin Layer 2 solutions have been a topic of discussion in the cryptocurrency community, with both supporters and critics weighing in on their efficacy. One of the most vocal critics of these solutions is Mempool founder Mononaut, who has raised several technical concerns. Mononaut’s stance has found backing from Bitcoin Ordinals founder Casey Rodarmor, adding
Over the weekend, the cryptocurrency market experienced a significant downturn, with Bitcoin leading the way by dropping five thousand dollars to a multi-week low of around $61,000. This downward spiral was further compounded by the altcoins, which saw even larger double-digit declines. The main trigger for this crash was the escalating tension between Iran and
Recently, the EigenLayer team made a groundbreaking announcement regarding the launch of EigenDA, their pioneering Available Validator Service, on the Ethereum mainnet. This move has seen an impressive 4.1 million ETH being restaked on EigenLayer, signifying a strong vote of confidence from the Ethereum community. Notably, 70% of all new Ethereum validators have chosen to
Over the past few weekends, the cryptocurrency market has remained relatively stable. However, recent events have caused a significant downturn in the prices of Bitcoin and altcoins. Factors such as announcements from the US Federal Reserve and reports of escalating tensions between Israel and Iran have contributed to this sudden drop in value. Bitcoin’s price
Bitcoin’s market capitalization recently hit an all-time high of over $1.43 trillion and is currently standing at around $1.32 trillion. Many in the industry are optimistic about the future value of Bitcoin, with some projections as high as $100K. Figures like Ripple’s CEO, Brad Garlinghouse, have also expressed bullish sentiments about the broader growth of
Shiba Inu (SHIB) has faced a recent decline in value, mirroring the broader cryptocurrency market correction that occurred on April 12. While SHIB has dropped by 6% on a weekly scale and 20% in a month, there are optimistic signals suggesting a potential rebound on the horizon. Renowned analysts such as Rekt Capital and crypto
American author and financial educator Robert Kiyosaki recently expressed his support for a $2.3 million per Bitcoin prediction made by Cathie Wood’s asset management firm, Ark Invest. Kiyosaki stated that he trusts Wood’s opinion and believes that BTC has the potential to reach such a high value under the right circumstances. In February, Ark Invest
The U.S. Securities and Exchange Commission (SEC) has set its sights on Uniswap Labs, the company responsible for operating the largest decentralized exchange (DEX) in the world. This recent development has raised concerns within the crypto community, as regulatory scrutiny continues to grow in the DeFi space. Uniswap Labs is now facing a Wells Notice
Binance, one of the leading cryptocurrency exchanges in the world, is constantly evolving to meet the demands of the market and improve user experience. Recently, they made significant updates to their loan program, adding 18 new cryptocurrencies to Binance Loans. Among the newly added assets are popular meme coins like dogwifhat (WIF) and Pepe (PEPE),
As Ethereum’s price continues to fluctuate, it has recently undergone a period of sideways consolidation. This phase came after a decline towards the critical support level of $3K. Interestingly, the cryptocurrency seems to be range-bound between $3K and $3.7K. It appears that volatility may not increase unless Ethereum manages to break out in either direction.
Shiba Inu (SHIB) has recently experienced a price drop, with the current trading price at around $0.00002734. This represents a 3% decline on a daily scale and a 20% drop on a monthly basis. Despite this negative trend, analysts are predicting a potential bullish rally. One key indicator is the critical resistance levels being tested