Bitcoin Cash (BCH) has been facing a downturn in enthusiasm lately, with its price dropping by 20% in the last seven days to trade at $484. This decline has been attributed to the overall market trend, with BCH closely following Bitcoin’s movements. Bitcoin itself fell by 9% in the last week, trading at around $63,650.
Binance has recently made a significant move by converting its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin. This transition, as confirmed by Binance on April 18, involved transferring 100% of SAFU’s assets to the USDC stablecoin. The choice to use a trusted, audited, and transparent stablecoin like USDC is aimed
As the fourth Bitcoin halving approaches, scheduled for later this week on April 20, Bitcoin miners are bracing themselves for a significant impact on their stock prices. The upcoming halving will cut mining rewards in half to 3.125 BTC, currently valued at around $200,000. Stock Price Declines of Key Players Major Bitcoin mining companies such
Yuga Labs recently made a strategic decision to sell two of its gaming intellectual properties, HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. This move was intended to allow Yuga Labs to focus more on the development of its two major projects, Otherside and Dookey Dash. With Faraway boasting a
Ethena is a synthetic dollar protocol built on the Ethereum blockchain that introduces the stablecoin USDe. The primary goal of this asset is to provide a censorship-resistant and scalable digital currency that is pegged to the US dollar. The market capitalization of USDe has surged to over $2 billion since its launch, making it one
As the cryptocurrency markets face turbulence, investors are turning to alternative investment strategies, such as presale investing in up-and-coming web3 projects. One project that has caught the attention of crypto investors is 5thScape (5SCAPE), a revolutionary virtual reality project that has already raised over $5 million. 5thScape aims to redefine the virtual reality and metaverse
Recently, the official Instagram account of popular actor Tom Holland fell victim to a hacking incident. The hackers exploited his platform, which boasts over 7 million followers, to promote a bogus cryptocurrency and NFT (Non-Fungible Token) scheme. The compromised account was used to announce an alleged collaboration with the global cryptocurrency exchange Binance, supposedly introducing
The recent surge in meme coin markets, despite the overall downturn in the crypto market, has brought attention to tokens like Elawn Moosk. This Elon Musk-themed token has seen an explosive rise in its price trends, with a staggering 24-hour change of +302%. Launched during a challenging macro environment in the financial industry, Elawn Moosk
Cryptocurrency exchange and trading platform, Bybit, recently released a report discussing the upcoming Bitcoin halving event and its potential impacts on the supply dynamics of Bitcoin within exchanges in the crypto space. According to Bybit, the Bitcoin reserves within the world’s crypto exchanges have been depleting rapidly, with only nine months of BTC supply left
Bitcoin has been the subject of much speculation recently, with expert Ali Martinez predicting a potential surge in the crypto asset’s price up to $86,000 in the near future. Martinez’s analysis focuses on key support and resistance levels that could significantly impact Bitcoin’s future trajectory. The analyst points to a parallel channel that the digital
Illuvium recently made a groundbreaking announcement regarding their plans to distribute 250,000 ILV tokens through an airdrop program. The total value of these tokens is estimated to be around $25 million. The main objective behind this initiative is to show appreciation to the community members and enhance their involvement within the ecosystem. Airdrops have become
Recent developments in the Hong Kong ETF market have led to the approval of spot Bitcoin and Ethereum exchange-traded fund applications. While this is a significant milestone for the city-state in its quest to become a central digital assets hub, there are lingering doubts about the market’s potential performance compared to the United States. In
Bitcoin, the pioneer cryptocurrency, has been the center of attention for many investors and enthusiasts. One crypto analyst, Willy Woo, has recently made a bold prediction about Bitcoin’s future price, foreseeing a surge to $650,000. This prediction is based on the growing popularity of Spot Bitcoin ETFs in the market. The Influence of Spot Bitcoin
A recent analysis conducted by the crypto exchange Bybit has raised concerns about a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if the current demand levels persist. According to Bybit’s report, reserves could be completely exhausted within the next nine months, given the current withdrawal rates of around 7000 BTC