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
The recent action taken by the SEC against Uniswap has sent shockwaves through the decentralized finance (DeFi) industry. The SEC alleges that certain tokens traded on Uniswap constitute securities, raising concerns about the platform’s compliance with federal securities laws. This move by the SEC highlights a broader regulatory trend targeting decentralized platforms and raises questions
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
The Bitcoin network has experienced a significant increase in trading activity following the recent halving event. While the halving did garner attention for the cryptocurrency, the surge in trading can be attributed to other factors as well. Data from on-chain analytics platform IntoTheBlock reveals a rapid growth in daily BTC transactions, reaching a new peak
The latest on-chain revelation indicates that the Bitcoin network has been experiencing a steady decline in high-value transactions over the last few weeks. This decline has been reflected in the price of Bitcoin, which has struggled to break out of consolidation in April. Despite touching the $67,000 level multiple times, the price of BTC has
Crypto expert Peter Brandt has recently made a bold claim suggesting that the top of the current Bitcoin market cycle may have already been reached. He arrived at this conclusion by analyzing historical data and applying his “exponential decay” thesis to the current market conditions. Brandt pointed out that Bitcoin’s percentage gain has decreased significantly
The cryptocurrency world is buzzing with excitement as a deep learning model developed by CryptoQuant has projected a significant price surge for Bitcoin in the next month. Trained on a vast dataset of historical price movements and on-chain activity, the model predicts that Bitcoin could reach a new all-time high of $77,000 within the next
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
In a groundbreaking move, Verasity has teamed up with Creo Engine to bring VeraViews’ video player functionality and in-game rewards to Creo Play’s extensive gaming library. This partnership represents a significant step towards advancing the adoption of blockchain technology in the gaming industry. Creo Engine is not just a gaming platform; it is a web3
The Spot Bitcoin ETFs have experienced a decrease in demand since the beginning of this month, leading to significant outflows on April 26. This trend has had a profound impact on the broader crypto market as Bitcoin’s price has been affected by the unfavorable market conditions. Farside Investors reported a net outflow of $217 million
