Ethereum, a prominent cryptocurrency, is currently experiencing a downward trend in prices, echoing the broader movement in the crypto market. This decline has been further exacerbated by rising tensions in the Middle East, triggering uncertainty among investors. While retail traders are rushing to sell off their assets, on-chain data reveals a different story. Large whales
Bitrace, a data analysis company, has taken proactive steps to address the increasing number of cryptocurrency-related crimes in Hong Kong. The company recently conducted training sessions for members of the Hong Kong Police Force, specifically targeting the Cyber Security and Technology Crime Bureau (CSTCB) and Commercial Crime Bureau (CCB). These sessions focused on on-chain fund
As the pioneer of the digital currency realm, Bitcoin has once again caught the attention of investors due to recent market dynamics. Renowned crypto analyst Rekt Capital has delved into the current state of the Bitcoin market, drawing parallels with historical cycles to provide insights into potential future movements. With the market currently experiencing a
Recently, Ripple’s XRP faced a significant drop of 20% in its value following a market downturn. As reported, the global market capitalization for cryptocurrencies took a hit, plummeting to approximately $2.4 trillion on April 14. This unfavorable trend resulted in numerous liquidations, mostly affecting long traders. XRP, in particular, suffered a notable decline to around
The introduction of Spot Bitcoin ETFs has brought about a significant shift in the dynamics of the cryptocurrency market, particularly Bitcoin. Institutional demand has been on the rise, with fund providers purchasing substantial amounts of Bitcoin, driving the price to new highs. However, recent geopolitical tensions between Iran and Israel have caused a temporary dip
As the blockchain technology continues to evolve, questions surrounding the balance between transparency and data ownership are being raised. While the immutability and transparency of blockchain data can be seen as a way to democratize information and break the control of big corporations, there is also a desire for individuals to have ownership over their
In a surprising turn of events, venture capital funding for Bitcoin startups saw a significant increase in 2023, despite an overall decline in venture capital activity. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360% last year, while the number of funded Bitcoin companies grew by
The price of Bitcoin witnessed a sharp decline over the weekend following reports of Iran launching missile and drone attacks on Israel. This sudden turn of events in the Middle East led to a significant selloff not only in Bitcoin but also in other major cryptocurrencies. The escalating tensions between Iran and Israel, triggered by
Bitcoin Layer 2 solutions have been praised for their ability to enhance scalability and transaction efficiency by moving transactions off the main blockchain. However, not everyone is on board with this concept. Mononaut, the founder of Mempool, has raised several concerns about the current implementations of Layer 2 solutions. He argues that if a Layer
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
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