Upbit, a cryptocurrency platform based in South Korea, has established itself as a major player in the country’s crypto market. Responsible for over 80% of the trading activity in South Korea, Upbit has also emerged as one of the top five exchanges globally in terms of trading volume. This level of dominance has raised concerns
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets over the past year, as revealed by a recent survey conducted by accounting firm KPMG. The survey, titled “Institutional Adoption of Cryptoassets,” garnered responses from 65 participants, including 31 institutional investors managing assets exceeding $500 million, and 34 financial services organizations. The findings
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
Have you ever come across an NFT in augmented reality, seemingly floating in front of your eyes? The realm of digital collectibles is undergoing a transformation, bridging the gap between the virtual and physical worlds like never before. This evolution paves the way for a myriad of new possibilities and applications, setting the stage for
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 recent increase in Ethereum withdrawals from centralized exchanges indicates a shift in investor sentiment towards the cryptocurrency. With a substantial amount of ETH being withdrawn, it prompts an analysis of how this could potentially impact the price of Ethereum. Amidst the uncertainties prevailing in the crypto market, investors in Ethereum are taking actions to
US Senators Elizabeth Warren and Bill Cassidy have recently called for stringent measures to combat the use of cryptocurrency in the illegal trade of child sexual abuse material (CSAM). In a bipartisan letter addressed to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas, the senators highlighted the pseudonymity of cryptocurrencies as a
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
