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 $57,000. This sharp decline has had a ripple effect on altcoins, resulting in massive losses across the board. The total market capitalization of the cryptocurrency
Animoca Brands has recently announced a groundbreaking initiative to enter the Bitcoin ecosystem through the utilization of the Opal Protocol. This strategic move is aimed at creating the largest Web3 ecosystem that encompasses various sectors including gaming, entertainment, DeFi, education, and culture. By partnering with Darewise, a metaverse technology platform, Animoca Brands is setting the
In a recent announcement on April 30, Ripple revealed its partnership with HashKey Group, marking another significant step in its collaboration with the renowned financial services giant SBI Group. This joint venture with HashKey DX, a specialized consulting company based in Tokyo, aims to introduce XRP Ledger (XRPL) enterprise solutions to the Japanese market. The
Bitcoin Minetrix ($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,
The native token for Ethereum Layer 2 scaling solution Optimism (OP) has experienced a decline of 4% in the last 24 hours. This decrease in price comes amidst a market-wide pullback that has particularly affected Layer 2 tokens. Currently, Optimism is trading at $2.39, reflecting a 3.7% dip both in the last 24 hours and
