Ethereum, over the past ten years, has undergone a significant transformation in the blockchain landscape. Its journey from the initial coin offering to becoming the second-largest cryptocurrency by market cap has been marked by continuous evolution and significant upgrades. The shift to Proof-of-Stake (PoS) and Layer 2 scaling solutions has solidified Ethereum’s position as a
Crypto
The recent announcement by Joe Biden regarding his withdrawal from the 2024 presidential race had a significant impact on the world of cryptocurrency, particularly on presidential meme coins. Following the news, tokens linked to Biden and his family experienced major fluctuations in value, while those associated with potential Democratic replacements saw a surge in demand.
Bitcoin’s price has been on a rollercoaster ride recently, experiencing wild fluctuations in response to various events. The cryptocurrency surged from $58,000 to $65,000 after an attempted assassination against Donald Trump, only to drop by three grand shortly after. Following a brief surge again to $66,000, Bitcoin plummeted to $63,500 before making another jump to
Kraken, a leading crypto exchange, has recently announced a groundbreaking partnership with Tottenham Hotspur, one of England’s most iconic football clubs. This collaboration is set to elevate the fan experience for both Tottenham Hotspur’s men’s and women’s teams in the upcoming 2024/2025 football season. By becoming the official sleeve partner for the club, Kraken aims
The ever-changing landscape of the cryptocurrency market has led to a surge in optimism surrounding the future price of Bitcoin. Experts such as Andrew Kang from Mechanism Capital believe that Bitcoin could potentially reach a price level of over $1 million in the mid-term. Despite facing some market structure challenges in the past, Bitcoin is
Over the past seven days, the cryptocurrency market has seen significant growth, with the total capitalization reaching $2.55 trillion, an increase of over $150 billion. While Bitcoin was not the top performer, it still made waves with an impressive surge of 11% during this period. Since July 14th, Bitcoin has been on a mostly upward
In a recent development in Hong Kong, three individuals were arrested by the police on suspicion of defrauding a businessman out of HK$3.11 million in crypto assets. The fraudulent scheme involved offering the victim three bundles of counterfeit HK$1,000 banknotes. During a raid on the Mong Kok office where the transaction took place, the officers
State Street Corp., a well-established financial institution based in Boston, has been making significant strides in the world of blockchain technology. One of their initiatives includes exploring the launch of their stablecoin and tokenized deposits to enhance payment settlement processes. This move is in line with their efforts to integrate into the crypto space and
Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This move marks its first venture following its initial launch earlier this year. According to the official press release, institutional clients in the UK and Australia can
In the past week, the price of bitcoin (BTC) has shown signs of a significant rally, indicating that the crypto asset may have hit a bottom. After a period of losses, bitcoin has managed to climb back up to $67,000, although it is currently trading at around $64,000. This recovery comes as on-chain metrics point
In the realm of cryptocurrency, dog-themed meme coins have emerged as a significant trend in 2024. These coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have experienced exponential growth, capturing the attention of both seasoned traders and newcomers to the market. The rise of these meme coins can be attributed to their strong communities
In recent months, trading volume on centralized exchanges has seen a significant decline, with June marking the third consecutive month of diminishing activity since March. According to a report by CCData, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March.
Shiba Inu, a popular meme coin, has recently experienced a significant increase in its burn rate, with a staggering 450% surge in the past 24 hours. This spike has resulted in nearly 50 million tokens being sent to a null address, ultimately reducing the circulating supply of SHIB. While the USD equivalent of this burn
Ethereum experienced a positive week, closing with a 12% price increase. This notable recovery was fueled by a market-wide rally that allowed ETH to establish $3,300 as a crucial support level. The newfound base sets the stage for potential growth, with $4,000 identified as the next target and resistance level. Despite encountering rejection at this