Ethereum’s price recently experienced a downside correction from the $3,885 resistance zone, leading the cryptocurrency to fall below $3,800. This correction came after Ethereum failed to surpass the $3,880 resistance level, signaling a bearish trend in the market. The price is currently trading below $3,840 and the 100-hourly Simple Moving Average, indicating further potential for
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The concept of the metaverse is no longer a distant idea but a reality that is reshaping the way we engage with the digital world. The creation of a metaverse app involves a mix of creativity, technical skills, and an in-depth understanding of the digital realm. This guide aims to provide a comprehensive walkthrough on
Kraken, a well-established cryptocurrency exchange in the United States, is reportedly preparing for a significant funding round ahead of a potential initial public offering next year. According to sources familiar with the matter, the exchange is looking to raise $100 million in a pre-IPO round to fuel its expansion efforts. If successful, Kraken would join
DTCC Digital Assets global head and managing director Nadine Chakar recently testified before the House Financial Services Subcommittee on Digital Assets, advocating for the benefits of tokenization in the US financial markets. Chakar emphasized the transformative potential of tokenizing real-world assets and discussed DTCC’s role in modernizing the financial industry through digital securities and tokenization
Robert Kiyosaki, the well-known financial guru and author of the best-selling book Rich Dad Poor Dad, has recently made a bold prediction regarding the price of Bitcoin. In a tweet, Kiyosaki expressed his confidence that the price of Bitcoin will reach a staggering $350,000 by August 25. While he acknowledged that his prediction may seem
In a bold and strategic move, Robinhood has recently announced its plans to acquire the global cryptocurrency exchange Bitstamp for a hefty sum of approximately $200 million in cash. This acquisition is aimed at expanding Robinhood’s global footprint, particularly in regions such as Luxembourg, the UK, Slovenia, Singapore, and the US. With Bitstamp holding over
Asset manager VanEck recently updated its forecast for Ethereum (ETH) and now projects that the second-largest cryptocurrency could potentially reach $22,000 by the year 2030. This new prediction represents a significant increase from their previous estimate of $11,800 by the same year. VanEck attributes this revised outlook to the anticipated launch of Spot Ethereum ETFs,
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, setting a record of 17 consecutive days of net additions. On a remarkable Tuesday, these ETFs saw inflows reaching an impressive $886.6 million, the second-highest single-day influx since their inception. Subsequently, another substantial day of inflows followed, amounting to $488.1
In a groundbreaking move, MetaMask has partnered with HyperPlay, a prominent Web3 game store, to revolutionize the world of Web3 gaming. This collaboration aims to enhance the user experience by introducing a new games directory into the MetaMask Portfolio, allowing users to easily browse and manage their in-game assets. By combining MetaMask’s expertise in storing
In the ever-evolving world of cryptocurrency, Chainlink (LINK) has once again solidified its position as the top real-world asset in terms of development activity. Santiment recently revealed that LINK is leading the pack, followed closely by Synthetix (SNX), Centrifuge (CFG), and Oraichain (ORAI). Real-world assets, which represent physical assets such as properties and objects, have
Bybit, a leading cryptocurrency exchange, has recently taken a surprising step by removing China from the list of restricted countries. While countries like the United States, the United Kingdom, Canada, Singapore, and Hong Kong continue to be restricted from using Bybit’s services, China has been notably excluded from this list. This move has sparked speculation
The detention of Tigran Gambaryan, a high-ranking executive at Binance, by Nigerian authorities has raised major concerns among a group of U.S. lawmakers. They have called on President Joe Biden to intervene in what they describe as a hostage crisis. Gambaryan has been held for nearly three months, with his health deteriorating during his time
In a recent report by Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets like Gold. With annualized returns of 141%, 152%, and 224%, respectively, these digital assets have been the top performers in the investment space. This trend is not new, as crypto assets
In recent months, there has been a noticeable trend of large bitcoin holders, commonly referred to as “whales”, accumulating more tokens. The latest data reveals that a specific group of whale addresses now collectively own over 40% of the total bitcoin supply. This significant accumulation by whales, particularly those holding over 1,000 BTC, has been