Crypto

Bitcoin has experienced a significant drop of more than 15% from its mid-March peak, reaching a ten-day low of under $62,000 on Monday morning. Analysts have noted that the halving is over, but bitcoin continues to display red candles, indicating a period of correction. The current sentiment is a mix of uncertainty and pessimism, with

Following the recent halving event, Bitcoin saw a dip in price to $62,500, causing concerns among traders. However, experts believe that financial institutions’ increasing involvement in the cryptocurrency market and historical trends indicate a potential rally in the near future. Despite the current downtrend, there is optimism surrounding Bitcoin’s future price movement. Shiba Inu, a

The recent CryptoQuant report exposed a significant drop in the percentage of Bitcoin miner revenue derived from transaction fees. Initially surging to 75% on the day of the last halving event, transaction fees now only make up 35% of total miner revenue. This decline is a cause for concern, especially considering the impact of the

Upbit, a cryptocurrency platform based in South Korea, has established itself as a dominant player in the country’s crypto market. With over 80% of the country’s trading activity, Upbit has emerged as one of the top five exchanges globally in terms of trading volume. However, the platform’s dominance has raised concerns and criticism, especially as

Institutional investors in Canada have significantly increased their exposure to cryptocurrency over the past year. A recent survey conducted by accounting firm KPMG revealed that 39% of institutional investors reported having direct or indirect exposure to crypto assets in 2023, which is a notable increase from 31% in the firm’s 2021 study. This demonstrates a

The meme coin sector has been experiencing significant growth during the latest bull cycle, evidenced by its market capitalization briefly exceeding $60 billion. This surge can be attributed to popular assets like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way, along with newer tokens such as dogwifhat (WIF), Bonk Inu (BONK), and Pepe (PEPE)

Recently, the Bitcoin network achieved a remarkable milestone as its daily transactions peaked at 927,000, exceeding the previous record of 724,000 set in December 2023. This surge in transaction volume can be attributed to the introduction of Runes, a new token standard on the Bitcoin blockchain. The increased activity indicates a growing interest and utility

The recent sentencing of Jabara Igbara, popularly known as “Jay Mazini,” to seven years in prison by U.S. District Judge Frederic Block has shed light on the dark underbelly of social media influencers. Igbara, who flaunted his wealth and success as a crypto millionaire on Instagram, has been exposed as a fraudster who scammed investors

Bitcoin (BTC) has experienced significant pullbacks since the bear market in 2022, with losses amounting to as much as 23% at times. These drops in value present a crucial opportunity for savvy investors to accumulate BTC at lower prices, potentially maximizing their returns in the long run. Crypto trader and analyst Rekt Capital highlighted the

Meme coins have been making waves in the cryptocurrency world, with significant price increases across the board. While traditional leaders like Dogecoin and Shiba Inu have seen more modest gains, other meme coins like Bonk Inu and dogwifhat have experienced substantial spikes in value. On April 24th, several meme coins saw impressive daily price increases.

Block Inc., the fintech company co-founded by Jack Dorsey, recently made a groundbreaking announcement regarding the completion of the development of its advanced Bitcoin mining chip. This marks a significant milestone for the firm’s mining project and the cryptocurrency industry as a whole. According to a statement shared by Dorsey on Twitter, Block’s three nanometre

Venezuela’s state-owned oil and gas company, PDVSA, has been reportedly ramping up its use of cryptocurrency, particularly USDT, in order to navigate around US sanctions. This move comes in the wake of the United States refusing to renew a general license that temporarily lifted some sanctions on Venezuela’s oil and gas sector, leading PDVSA to

The recent completion of the fourth Bitcoin halving event has ushered in a new era of challenges for miners in the cryptocurrency ecosystem. The reduction in block rewards from 6.25 BTC to 3.125 BTC has significantly decreased the daily production of assets, putting pressure on miners’ profitability. This shift forces miners to rely more on

As we look ahead to the upcoming week, the economic calendar in the United States is packed with key events that have the potential to impact the cryptocurrency markets. The Federal Reserve’s key inflation metric is set to take the spotlight, possibly influencing monetary policy decisions moving forward. New home sales figures, April’s S&P Global