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
ICB Network, founded on April 1, 2024, has introduced a groundbreaking approach to the Layer-1 Blockchain project. Implementing the Proof of Stake (PoS) consensus mechanism has set ICB Network apart from conventional blockchain systems. Unlike the traditional Proof of Work (PoW) systems, PoS enables faster transaction approvals and higher transaction throughput, making it suitable for
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
As the countdown to the highly anticipated 2024 bitcoin halving event approaches, the cryptocurrency community is buzzing with excitement and speculation. Social media platforms are flooded with discussions and chatter about the upcoming halving, indicating a potential for significant price movements in the volatile crypto market. This surge in social media activity has sparked both
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
The recent dip in the Bitcoin price, with a flash crash causing a drop from $70,000 to below $67,000, has left many investors wondering about the future of the current crypto bull cycle. The inability of Bitcoin to reach its recent all-time high of $73,737, set in mid-March, has added to the uncertainty surrounding the
The cryptocurrency market recently experienced an unexpected downturn on April 12th, leading to a significant decrease in the prices of Bitcoin and other major altcoins. This sudden decline in prices caused a ripple effect resulting in massive liquidations across the market. While the exact cause of this widespread price dip remains unclear, there are several
Recently, the IRS criminal investigation chief, Guy Ficco, shared alarming statistics with CNBC regarding the rise of tax crimes involving cryptocurrency. Ficco pointed out that there has been a noticeable increase in what he refers to as “pure crypto tax crimes” falling under Title 26 of the US Code, specifically federal income tax violations. These
