The cryptocurrency market experienced a significant downturn recently, with Bitcoin’s price plummeting by over five thousand dollars in just one evening. This drop pushed Bitcoin to a multi-week low of around $61,000, catching many investors off guard. While Bitcoin’s price was hovering above $70,000 just a couple of days ago, it quickly lost momentum after
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EigenLayer made a significant announcement on April 9th, revealing the launch of EigenDA, the first Available Validator Service, on the Ethereum mainnet. This move has contributed to over 4.1 million ETH being restaked on EigenLayer, with a notable 70% of new Ethereum validators choosing to restake on the platform. This demonstrates the growing popularity and
The recent weekend saw a significant shift in the crypto market, with Bitcoin and altcoins experiencing a sharp decline in prices. The sudden drop in value was attributed to various factors, including announcements by US Federal Reserve officials and reports of escalating tensions between Israel and Iran. This unexpected turn of events caught many investors
As the cryptocurrency world eagerly awaits the 2024 bitcoin halving event, social media platforms are abuzz with discussions and speculations. According to data from Santiment, there has been a significant increase in chatter about the impending halving, indicating a potential for substantial price movements in the volatile crypto market. The surge in social media activity
The ICB Network, which was launched on April 1, 2024, has quickly become a pioneer in Layer-1 Blockchain projects. By implementing the Proof of Stake (PoS) consensus mechanism, the platform has set new standards for efficiency, security, and scalability within the blockchain ecosystem. The effectiveness and scalability of the ICB Network can be attributed to
The recent volatility in the Bitcoin market has caused uncertainties among investors regarding the future direction of the cryptocurrency. The flash crash on April 12, which led to a drop in Bitcoin’s value from $70,000 to below $67,000, has raised concerns about the sustainability of the ongoing bull cycle. This downturn has made it challenging
The cryptocurrency industry has been buzzing with speculation about the future value of Bitcoin post-halving. While some industry experts project a bullish outlook with Bitcoin’s market cap potentially reaching $3 trillion, others like Fred Thiel, CEO of Marathon Digital, remain skeptical. Thiel believes that the recent rally influenced by the halving event has already been
The cryptocurrency market faced a significant correction on April 12, leading to a drop in the prices of various digital assets. Shiba Inu (SHIB) was not exempt from this trend, experiencing a 6% decline over the past week and a 20% decrease in a month. Despite this negative performance, many analysts remain optimistic about the
The cryptocurrency market experienced a sudden and unforeseen hit on April 12th, resulting in a spontaneous decline in the price of Bitcoin and other major altcoins. This unexpected turn of events led to massive liquidations across the board, leaving many traders in a state of shock and uncertainty. The exact cause of this widespread price
The IRS criminal investigation chief, Guy Ficco, recently highlighted a concerning trend in tax crimes involving cryptocurrency. According to Ficco, there has been a surge in what he calls “pure crypto tax crimes” falling under Title 26 of the US Code, specifically federal income tax violations. These crimes range from failing to report income from
As lead analyst Hannah Phung from SpotOnChain shared her insights on the potential impact of Bitcoin Halving on the flagship cryptocurrency’s price, it raises a crucial point in the ongoing debate in the crypto community. Phung highlighted that historically, Bitcoin’s price tends to surge around 6 to 12 months after the Halving event, rather than
Bitcoin has recently reached the $70,000 mark, showcasing a significant recovery from its previous dip. This has sparked optimism among cryptocurrency enthusiasts who are eagerly awaiting the upcoming Bitcoin Halving event. Rekt Capital, a prominent cryptocurrency analyst, has shared valuable insights regarding the three key stages of this crucial event that investors should pay attention
The price of Cardano (ADA) has seen a significant decrease in recent weeks, dropping by over 28% from its peak of $0.808 on March 11 to just below the $0.60 mark. This decline has caused Cardano to slip to the 10th position among the largest cryptocurrencies by market capitalization, underperforming compared to its competitors. Despite
Bitcoin, the world’s largest cryptocurrency, has recently garnered the attention of the ultra-wealthy elite. Individuals with assets worth millions and billions of dollars are now showing interest in entering the digital asset market, aiming to be a part of Bitcoin’s ground-breaking ecosystem. Barbara Goldstein, the Managing Partner at R360, an exclusive networking and investment club