The recent Bitcoin halving has created a buzz in the world of cryptocurrency. This event, which occurs every four years, involves cutting the rate at which new coins are generated in half. While this has a major impact on the overall crypto market, it also raises questions about how it will affect the emerging field
In a bold move, Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), recently made headlines by burning 4,295 HV-MTL NFTs. This decision came in response to the acquisition of two gaming IPs by the blockchain gaming studio Faraway. The burning of these NFTs represents 14% of the total supply of HV-MTL NFTs,
In recent days, there has been a noticeable accumulation of Ethereum among investors, signaling a potential return to bullish sentiment for the cryptocurrency. The price of Ethereum has been fluctuating around $3,170, with on-chain data showing a trend of strategic accumulation from Ether investors. This accumulation has been further supported by transaction data revealing an
The impending MiCA regulation is set to reshape the crypto industry, requiring crypto companies to ensure compliance for a smooth transition. As MiCA seeks to bring clarity and security to the crypto-asset market, companies operating in this space need to make significant adjustments to their processes to align with the new regulatory environment. MiCA mandates
The recent Bitcoin halving event has cut the miners’ block rewards in half, leading to a significant reduction in the daily issuance of BTC. This event is crucial in the cryptocurrency industry as it directly affects the inflation rate of Bitcoin and has historically resulted in a price rally. The Bitcoin halving mechanism reduces the
Following the recent Bitcoin halving event, market experts and analysts are buzzing with anticipation for a potential bull run in the BTC market. One crypto analyst, known as econometrics, has made a bold prediction regarding the future price of Bitcoin in the current bull cycle. The analyst suggests that Bitcoin has the potential to reach
The NFT trading space experienced a significant surge in volumes during the first quarter of 2024, reaching a total of $4.7 billion across the top 10 marketplaces. Blur, the leading NFT marketplace, maintained its stronghold with $1.5 billion in volume and a market share of 27.6%. However, Magic Eden emerged as a major competitor, surpassing
Ethereum has been on a rollercoaster ride lately, experiencing a rapid downturn that has left many investors worried. However, all hope is not lost as the cryptocurrency has found support in a substantial zone that includes the 100-day moving average and a critical price range between the 0.5 and 0.618 Fibonacci levels. This support zone
Michael Saylor, the founder of MicroStrategy, has been actively selling off shares of his brainchild over the past several months. As part of a stock-sale agreement entered into last year, Saylor has the authorization to unload up to 400,000 shares until April of this year. So far, he has successfully cashed in 370,000 shares, totaling
The past month has seen ADA, the native token of the Cardano network, facing a decline of 18.77%, making it one of the many cryptocurrencies affected by the overall market downturn triggered by Bitcoin’s price fluctuations. Despite ADA’s struggles, crypto analyst Ali Martinez has expressed confidence in the coin’s ability to bounce back. Martinez’s optimistic
