Bitcoin developer Samson Mow has been vocal about his belief that Bitcoin will reach $1 million. He confidently stated that the cryptocurrency will hit this milestone within a year, citing the increasing demand for Bitcoin and the upcoming Bitcoin halving as key factors driving its price up. Mow’s optimism is shared by other crypto analysts
admin
The impending launch of spot Ethereum ETFs has generated considerable excitement within the cryptocurrency community, with many believing that these ETFs could propel the price of Ethereum to new highs. Matt Hougan, Chief Investment Officer of Bitwise, has outlined the potential implications of these ETF inflows on the price of ETH, drawing comparisons to the
The recent news of OKX ceasing operations in Nigeria due to local regulations has caused a stir among Nigerian crypto users. In an email statement obtained by CryptoSlate, OKX informed its Nigerian clients that they have until Aug. 16 to close their positions on the platform. Users will no longer be able to open new
In a recent prediction, Bitwise Asset Management’s Chief Investment Officer stated that the introduction of Ethereum Exchange-Traded Products (ETPs) will propel ether (ETH) prices to new all-time highs exceeding $5,000 by the end of the year. The CIO suggested that the impact of ETP flows on Ethereum could surpass that of Bitcoin. With ETPs estimated
Azarus, a cutting-edge Web3 overlay platform, has recently made waves by announcing its partnership with the Evolution Championship Series (Evo). This collaboration will see Azarus powering the official Twitch live streams for the highly anticipated Evo event, set to take place from July 19th to 21st at the Las Vegas Convention Center. With the increased
Hong Kong’s financial regulators recently completed a consultation period regarding a licensing program for fiat-referenced stablecoin (FRS) providers. The consultation received a total of 108 submissions from key stakeholders in the industry. The comments came from a wide range of participants, including market players, industry associations, and professional organizations. This demonstrates a high level of
XRP has recently emerged as one of the top-performing crypto assets in the market, showcasing a significant recovery after reaching $0.62, a level not seen since March. The past week alone has seen XRP record gains of over 40%, largely fueled by a broader market uptrend. This surge in price has instilled confidence among investors
Cardano (ADA) has seen a recent rise after hitting a low point earlier this month but still remains significantly below its peak. However, external data indicates a concerning trend in developer interest and activity. The number of monthly developer commits has been decreasing, dropping from 3,380 in May to less than 2,000 this month. This
The price of Bitcoin has been steadily climbing, reaching $66,000 for the first time in a month. After experiencing extreme volatility at the beginning of the month and dropping to a low of under $54,000 on July 5th, Bitcoin has managed to bounce back and recover more than ten thousand dollars. The cryptocurrency saw a
Australian computer scientist Craig Wright’s assertion of being Bitcoin’s mysterious creator, Satoshi Nakamoto, has landed him in hot water. Recent developments in the COPA vs. Wright case have brought to light the possibility of Wright facing charges of perjury and document forgery. High Court Justice James Mellor has taken action by referring Wright’s deceptive behavior
Delabs Games, a prominent South Korean game development company, has once again captured the attention of gaming enthusiasts with their latest creation – Giga Chad Bat. This clicker game, based on baseball, is now available on the popular messaging platform Telegram. Equipped with Web3 capability and designed to meet the latest standards, Giga Chad Bat
The US spot Bitcoin ETFs have experienced a surge in popularity, with a daily net inflow of $301 million on July 15th. This marks the seventh consecutive day of inflows, highlighting the growing interest among investors in cryptocurrency ETFs. The data compiled by SoSoValue reveals that BlackRock’s IBIT led the way with a net inflow
The landscape of crypto lobbying expenditures has undergone a seismic shift over the past seven years, as highlighted by a recent study conducted by Social Capital Markets. The research reveals an eye-popping 1,386% surge in lobbying spend by crypto companies, skyrocketing from a modest $2.72 million in 2017 to a staggering $40.42 million in 2023.
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to an exploit resulting in over $8 million in funds being stolen. Cyvers Alerts brought attention to the issue after detecting suspicious transactions within the LI.FI cross-chain transaction aggregator. LI.FI themselves confirmed the breach in a statement on July 16, urging users to avoid interacting