The recent market-wide crash has sent the Bitcoin price tumbling below $60,000, triggering a 20% decline and exposing critical support levels for the cryptocurrency. One of the key figures in the crypto space, Norok, has identified $51,800 as the most crucial support level for Bitcoin. According to Norok, this level is essential for maintaining the
The rise of Web3 technology has paved the way for new possibilities in the realms of creativity and innovation. One of the trailblazers in this space is Imaginary Ones, a blockchain-based platform that seamlessly merges art, storytelling, and community engagement. Their recent achievement of reaching 2 million downloads for their mobile game Bubble Rangers demonstrates
The cryptocurrency market experienced a brief crash recently, with Dogecoin ($DOGE) being one of the fastest recovering coins. In the past 24 hours, DOGE has seen a 7% increase, bringing its price to $0.1317. Despite this recovery, Dogecoin is still down by 12% from the previous week. Bitcoin ($BTC) and Ethereum also faced losses, with
In the midst of a significant pullback in the crypto market, economist and trader Alex Krüger provided insights into the peculiarities of the current market cycle. Notably, meme coins have taken the spotlight, alongside the frenzy surrounding spot Bitcoin ETF launches. While the initial hype propelled these meme coins to new heights, many of them
The Fintech giant Block is currently facing scrutiny from federal prosecutors in the Southern District of New York due to allegations of significant compliance failures involving its main business units, Square and Cash App. These allegations emerged after a former employee disclosed multiple lapses in the company’s transaction monitoring systems. The former employee provided internal
The meme coin sector has faced heavy losses recently, with market capitalization dropping below $50 billion. Dogecoin (DOGE), one of the largest assets in this category, has seen a 15% weekly price decline. However, there are signs of potential recovery for DOGE, with a rise in non-empty wallets indicating increased demand. The number of addresses
The former CEO of Binance, Changpeng Zhao, recently emphasized the critical importance of compliance in the crypto industry. In the wake of his own legal troubles and imprisonment due to breaking US compliance rules, Zhao acknowledged the necessity of adhering to regulations. He stated that he would step back and remain a passive investor in
The recent downturn in the price of Bitcoin has caught the attention of investors and analysts alike. After months of euphoria following the launch of Spot Bitcoin ETFs in the US market, Bitcoin has finally broken below the $60,000 support level for the first time in two months. This signals a potential shift in market
The recent market crash has sent shockwaves throughout the cryptocurrency world, with tokens like Arweave (AR) experiencing major losses overnight. The token has shed 18.7% of its value, currently trading at $27.76. This drastic decline is part of a larger trend that has seen Bitcoin’s price plummet by 7%. Arweave’s 7-day losses of 18.1% indicate
The cryptocurrency market has experienced significant price drops recently, with bitcoin falling below $57,000 and the global market capitalization plummeting to $2.2 billion. Popular altcoins such as Solana, Dogecoin, and Shiba Inu have also seen double-digit declines. Despite this, some investors are viewing this as an opportunity to “buy the dip” and enter the market
The AnimeCoin Foundation has collaborated with the Azuki NFT collection to introduce a thrilling web-based game called Gacha Grab. Drawing inspiration from the famous Japanese gachapon toy vending machines, this virtual slot machine offers players a unique opportunity to spin and win various prizes, all while accumulating points and collectibles. But what makes Gacha Grab
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