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%
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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
Recently, the crypto research platform 10x Research highlighted the uptick in Bitcoin’s Relative Strength, indicating a possible rally in the near future. Their analysis suggests that historical trends may point towards a potential increase in the value of the flagship cryptocurrency. However, amidst this optimism, there are also cautious warnings about potential roadblocks that Bitcoin
Coinbase, the leading cryptocurrency exchange in the U.S., has released its Q1 2024 earnings report, showcasing a total revenue of $1.6 billion. This represents a significant 72% increase from the previous quarter. The boost in performance can be attributed to the surging prices of various crypto assets and the introduction of spot Bitcoin ETFs in
Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has recently announced a groundbreaking decision to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. In a Q1 2024 earnings report, Dorsey articulated the rationale behind this move, addressing shareholders’ concerns about the company’s heavy focus on the largest cryptocurrency.
The recent guilty plea of Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, has shed light on the dark side of the cryptocurrency world. Vinnik pled guilty to charges of money laundering conspiracy in the US, revealing the extent of illegal activities that took place on the platform. BTC-e, once one of
Amidst a general market downturn in the world of cryptocurrency, XRP has demonstrated an impressive level of resilience. While other digital assets such as Bitcoin and Ethereum experienced multi-month low prices, XRP managed to hold its ground, even showing a 3% increase on a two-week scale according to CoinGecko’s data. This has led many analysts
Bitcoin has been on a rollercoaster ride over the past week, starting with a promising pump to nearly $65,000 on Monday morning. However, the bears quickly took control, sending the price south to $62,000 and then further downward to below $60,000. The correction hit a low of $56,500 on Wednesday ahead of the US Federal