In the world of cryptocurrency, Bitcoin (BTC) has long been the dominant force. However, recent data shows that Ethereum (ETH) is gaining momentum, with a significant increase in value and market capitalization. While BTC saw a rise of around 7% in the last week, ETH experienced a surge of close to 15%, surpassing the $2,900
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Yuga Labs, a prominent player in the world of Web3 innovation, has recently made waves with its acquisition of PROOF. PROOF is a platform known for its focus on art and community engagement, making it a strategic addition to Yuga Labs’ portfolio. This acquisition encompasses not only the team and intellectual property of PROOF but
In the past week, Bitcoin has shown impressive growth, surpassing the $50,000 mark for the first time since 2021. Despite some sideways movement, the cryptocurrency has held strong above $51,000. However, a respected crypto analyst has raised concerns about potential bearish pressure on Bitcoin in the near future. Ali Martinez, a prominent analyst on the
Bitcoin (BTC) has recently surpassed the $50,000 mark, a significant milestone that has not been seen since December 2021. Currently trading above $51,900, the cryptocurrency has been on a steady rise, with analysts attributing this surge to the high demand stemming from the approval of spot Bitcoin exchange-traded funds (ETFs). According to a recent report
With the anticipation of the Bitcoin ETF approval, there is a growing concern among investors regarding the potential shift towards centralized custody by major institutions such as Goldman Sachs and JP Morgan. While many in the Bitcoin community welcomed the ETF approval as a bullish sign, there is a looming threat of counterparty risk that
US prosecutors are urging a federal judge to approve the Binance plea deal, which was filed on Feb. 16. This plea deal, involving the cryptocurrency exchange Binance and its former CEO Changpeng Zhao (CZ), revolves around charges of money laundering and sanctions violations dating back to November 2023. It requires Binance to pay a staggering
With the upcoming fourth halving of Bitcoin, miners are currently operating at a high level on the blockchain. The mining difficulty metric for Bitcoin increased by over 8% recently, reaching a new all-time high. This metric is crucial for the BTC blockchain as it readjusts every 2,016 blocks, depending on the mining power. The continuous
VeChain has recently experienced a significant surge in price, with the current market price sitting at $0.048. The price increase of 74% over the past six days has been attributed to positive community sentiment and anticipation for a major update. However, with the price hovering near $0.05, there is a potential for a retracement due
Exverse, a trailblazing free-to-play Web3 game, has recently garnered an impressive $3 million in a private funding round. Unlike its predecessors in the Web3 gaming space, Exverse is dedicated to reinventing the AAA first-person-shooter genre by integrating cutting-edge Web3 technology. By addressing the shortcomings of early Web3 gaming models, Exverse strives to provide players with
Cardano’s price has recently surged past the $0.61 mark, signaling a potential bullish trend in the market. This article delves into the recent price movements of Cardano and explores the underlying factors that could drive the cryptocurrency towards the $1 price point. The derivatives market for Cardano has shown an unusual trend that points towards
Ethereum (ETH), the second-largest cryptocurrency in the world, is showing strong momentum this week as it edges closer to the coveted $3,000 mark. The surge in ETH’s price is driven by several factors, with one of the key drivers being the growing popularity of ETH staking. As Ethereum 2.0 gains traction, more investors are choosing
Over the past 24 hours, the price of XRP has seen an increase above $0.57. However, this upward momentum was short-lived as the bulls failed to sustain the pressure, causing the price to drop back down to around $0.56. Despite this slight setback, XRP has experienced a significant increase of more than 10% since February
The future of spot Bitcoin ETFs and their integration within diversified portfolios was discussed at the Exchange ETF conference in Miami Beach. Ric Edelman, founder of the Digital Assets Council of Financial Professionals, made a bold prediction about the future inflows into spot Bitcoin ETFs, foreseeing an unprecedented $150 billion by the end of 2025.
The US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is currently conducting an investigation into cryptocurrency-related financial conflicts of interest. This investigation was prompted by Empower Oversight, an accountability group that recently revealed concerns regarding the SEC’s Ethics Office and a former official named William Hinman. In a statement released on Feb.