Ethereum has seen a recent subtle recovery in its price amidst a bearish crypto market, closely following Bitcoin’s modest uptrend. However, beneath the surface, there has been a concerning trend that could significantly impact Ethereum’s economic model. In April, the ETH burn rate hit an annual low due to a noticeable decrease in network transaction
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Cardano has shown signs of recovery from its April lows, with the price maintaining a strong momentum above $0.45. While some analysts are optimistic about a rally in the near future, there are dissenting voices predicting a further decline in price. One such crypto analyst, ‘More Crypto Online’, has recently pointed out that Cardano is
In the aftermath of the SEC’s crackdown on crypto firms, Bitwise Investments CIO Matt Hougan brought attention to the potential advantages enjoyed by US crypto exchange Coinbase due to the current regulatory landscape. Hougan suggested that the regulatory challenges inadvertently create an “artificial moat” for Coinbase, providing the platform with a competitive edge over its
In a recent analysis, cryptocurrency analyst and trader Rekt Capital made a fascinating discovery about Bitcoin’s current price trend. He pointed out that Bitcoin is replicating a historical price action from eight years ago, during a previous bull cycle. This revelation is quite significant as it suggests that Bitcoin could be on the brink of
The Securities and Exchange Commission (SEC) has set its sights on Robinhood Markets Inc., issuing a Wells Notice to the popular crypto trading platform on May 4. The notice indicates that the SEC staff has made a preliminary determination to recommend legal action against Robinhood for alleged violations of Sections 15(a) and 17A of the
In recent news, Robinhood’s crypto division came under scrutiny from the US Securities and Exchange Commission (SEC), receiving a Wells Notice on May 4. The Commission staff, led by Gary Gensler, had been investigating Robinhood’s cryptocurrency listings, custody practices, and platform operations before recommending an enforcement action. Despite attempts to register with the regulator, Robinhood
The cryptocurrency market is known for its unpredictability, and the newest decentralized blockchain social network, Friend.tech, is no exception. The $FRIEND token has experienced a sudden hit of 4.3% in the last hour, following the trend of other leading cryptocurrencies showing red candles. This volatility has caused FRIEND to drop to $2.69, making it 6.3%
In the fast-paced world of technology and business, a new trend has emerged known as metaverse commerce. This innovative concept involves the sale of physical goods through virtual platforms, creating a unique and immersive shopping experience for consumers. The metaverse itself is a virtual world where users can engage with each other in real-time through
The rise of meme coins in the cryptocurrency industry has sparked discussions about regulatory concerns. Chris Dixon, a general partner at Andreessen Horowitz (a16z), has expressed his worry about the US regulatory system. He questions the allowance for meme coins to flourish while other blockchain tokens with practical applications face regulatory hurdles due to potential
Blockchain analytics company Elliptic recently announced a groundbreaking development in the realm of leveraging artificial intelligence (AI) to detect money laundering in Bitcoin. Collaborating with researchers from the MIT-IBM Watson AI Lab, Elliptic’s researchers have made significant progress in this area. Through the utilization of a deep learning model, they were able to successfully identify
Charles Hoskinson, the founder of Cardano, recently sparked speculation about a potential partnership with Bitcoin Cash (BCH). He conducted a poll to gauge public opinion on the idea of Cardano teaming up with Bitcoin Cash to enhance its performance through innovative technologies such as proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and
Recently, six Coinbase customers decided to take legal action against the popular cryptocurrency exchange, Coinbase Global. The lawsuit targets not only the parent company but also two subsidiaries – Coinbase, Inc. and Coinbase Asset Management, LLC, as well as the CEO, Brian Armstrong. The crux of the lawsuit revolves around the classification of digital assets
Cardano (ADA) has been experiencing lackluster price action recently, leading some investors to question its future trajectory. However, analyst Ali Martinez believes that the cryptocurrency might be gearing up for a parabolic run. Martinez’s analysis delves into the intricate price movements of ADA, providing insights that could be valuable to investors. According to Martinez, Cardano’s
Bitcoin has once again demonstrated its resilience by bouncing back above the $60,000 zone after a recent decline. Renowned analyst Peter Brandt has expressed his confidence in Bitcoin, predicting that it will reach a six-figure value by 2025. In a recent blog post, Brandt emphasized the uniqueness of Bitcoin as an asset unlike any other