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As the price of Bitcoin seems to be stabilizing and the markets show signs of uncertainty, there is a divide in the community regarding the future of BTC. Some predict an impending crash, while others foresee a potential for further upward movement. One notable figure, Crypto Jelle, recently made a bold prediction on social media
The recent network outage that plagued Solana for five hours caused a significant hit to investor confidence in the platform. This outage was a result of a bug that caused transactions to enter an infinite loop, ultimately affecting the network’s functionality. Despite the steady inflows Solana-based investment products had been experiencing throughout the year, this
The rise of Bitcoin ETFs has caught the attention of analysts, with Bloomberg predicting that Bitcoin ETFs could potentially become larger investment vehicles than gold ETFs in as little as under 24 months. According to Bloomberg ETF analyst Eric Balchunas, Bitcoin ETFs have seen an influx of over $5 billion in inflows following their launch,
The Saudi Ministry of Culture, in partnership with droppGroup and Oracle, recently introduced the ‘Cultural Universe’, a national Metaverse project dedicated to exploring Saudi culture and heritage. This initiative, which utilizes droppGroup’s Generative Media Intelligence (GMI) AI system, droppPhygital, and Oracle’s Hyperledger Fabric 2.5 blockchain technology, was officially launched on February 22nd, coinciding with Saudi
In recent times, Ethereum has witnessed a remarkable surge, surpassing key resistance levels like $2.8K and breaking through the significant milestone of $3K. This upward momentum indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer examination of
Recent large Ethereum purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent, have sparked speculation within the cryptocurrency community. According to blockchain analytics firm Lookonchain, the suspected wallet acquired an additional 13,780 ETH, valued at approximately $41.24 million. This purchase adds to a total of
The outflows from Grayscale’s Bitcoin Trust (GBTC) appear to be decreasing, as indicated by the trading behavior of Bitcoin ETFs. This shift comes at a time when investor concerns regarding Grayscale’s Spot ETF seem to be diminishing, with the entire ETF sector continuously attracting substantial trading volumes and experiencing rapid growth in assets under management.