Bitcoin’s price took another dive, testing the crucial $40,000 support zone. Although there is a current upward movement, the cryptocurrency needs to surpass the $42,350 resistance level to establish a positive trend. Currently, Bitcoin is trading below the 100 hourly Simple Moving Average, struggling to regain its momentum. After plummeting below support levels at $43,500
In a recent announcement by the National Vulnerability Database (NVD), a critical vulnerability in Bitcoin’s inscriptions has been identified. This vulnerability has the potential to impact the Ordinals Protocol that was developed in 2022. The NVD, which is overseen by the National Institute of Standards and Technology (NIST), plays a vital role in cataloging and
As the countdown to Bitcoin’s next halving continues, investors eagerly anticipate the possibility of another significant bull market. Mitchell Askew, Head Analyst for Blockware Solutions, brings a fresh perspective to the table, challenging the conventional belief that Bitcoin and the halving are subject to diminishing returns. In fact, Askew predicts not only more gains in
Enjin, a leading blockchain platform for NFTs, has achieved a major feat by transferring over 200 million non-fungible tokens (NFTs) from Ethereum and its sidechain JumpNet to its proprietary Enjin Blockchain. This migration includes a staggering volume of more than 118 million Ethereum-hosted NFTs and over 101 million JumpNet-hosted NFTs. The move comes after Enjin’s
In a recent analysis by ETC Group’s Head of Research, Andre Dragosh, the current state of the crypto market was examined in great detail. The findings revealed that crypto assets have demonstrated their resilience by outperforming traditional assets such as equities. This outperformance was driven by a significant repricing in monetary policy expectations and short
In recent years, the Korean crypto industry has been plagued by devastating scandals, eroding investor confidence and creating a sense of urgency for regulatory intervention. On Dec. 11, the Korean Financial Services Commission (FSC) unveiled a comprehensive set of regulations under the Act on the Protection of Virtual Asset Users, signaling a new era of
Senator Elizabeth Warren’s announcement of an expanded coalition of Senate support for the Digital Asset Anti-Money Laundering Act marks a significant development in the ongoing effort to regulate cryptocurrencies. The bipartisan bill aims to mitigate the risks of illicit finance posed by digital assets by bringing them into greater compliance with anti-money laundering frameworks. This
Finding the next big winner in the volatile cryptocurrency market can feel like searching for a diamond in the rough. While tales of overnight millionaires capture the imagination, the reality often involves arduous research and white-knuckle risk. However, with the emergence of AI-driven platforms, a new path forward is unfolding, offering traders the opportunity to
The Financial Services Commission (FSC) of South Korea has recently unveiled a comprehensive set of regulations aimed at governing the burgeoning digital asset market in the country. These regulations, slated to come into effect by July 2024, are designed to provide investors with greater protection and ensure the stability of the digital asset marketplace. Earning
Injective Protocol (INJ) has recently gained significant attention on social media, becoming the second most mentioned token after Bitcoin (BTC). This surge in interest has coincided with rising prices, suggesting a potential correlation between social media activity and price movements. In this article, we will analyze the factors contributing to the growing interest in INJ
