In the midst of the current fluctuations in the cryptocurrency market, Bitcoin has experienced a 1.7% surge in its price over the past 24 hours, reaching above the $62,000 mark. However, a recent warning from leading crypto analytics platform CryptoQuant has raised concerns about a potential significant downturn for Bitcoin if specific key levels are
US Senators Cynthia Lummis and Kirsten Gillibrand have recently introduced a legislative bill that has stirred up controversy within the crypto industry. Former Blockchain Association member Jake Chervinsky harshly criticized the Lummis-Gillibrand Payment Stablecoin Act, labeling it as “deeply flawed.” He expressed concerns that the proposed legislation would effectively limit the issuance of algorithmic stablecoins
Bitcoin Cash (BCH) has experienced a significant drop in price, decreasing by 20% over the last week to trade at $484. This decline mirrors the larger cryptocurrency market, with BCH appearing to track the movements of Bitcoin, the market leader. The recent sell-off in cryptocurrencies, including BCH and Bitcoin, was prompted by growing turmoil in
Binance, a leading cryptocurrency exchange, recently made a significant move by converting its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin. This conversion was confirmed through on-chain data, showcasing the company’s commitment to enhancing the reliability and stability of SAFU by utilizing a trusted, audited, and transparent stablecoin like USDC. USDC
Recent developments in the cryptocurrency world have seen a significant drop in stock prices for Bitcoin miners, with the upcoming halving event adding to the uncertainty. As the fourth Bitcoin halving approaches on April 20, mining rewards will be halved to 3.125 BTC, equivalent to around $200,000. Key players in the industry such as Marathon
Recently, Yuga Labs made a strategic decision to sell two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a prominent Web3 gaming studio. This move was aimed at shifting Yuga Labs’ focus towards their major projects, Otherside and Dookey Dash. Faraway, with its team of over 100 skilled professionals
Recently, the Instagram account of renowned actor Tom Holland fell victim to a hacking scheme. The hackers took advantage of his massive following of over 7 million followers to push a fraudulent cryptocurrency and NFT project. By impersonating Holland, the attackers announced a fictitious partnership with the well-known crypto exchange Binance, promoting the launch of
Ethena, a synthetic dollar protocol built on the Ethereum blockchain, has gained a lot of attention for issuing the stablecoin USDe. The goal of this asset is to provide users with a censorship-resistant and scalable digital currency that is pegged to the US dollar. With its market capitalization soaring to over $2 billion shortly after
As the cryptocurrency markets experience a decline due to various macroeconomic factors and a decrease in investor sentiment, a new virtual reality project called 5thScape (5SCAPE) is gaining significant attention from crypto investors. With Bitcoin (BTC) and Ether (ETH) both seeing a decrease in value from their recent highs, investors are seeking alternative investment opportunities
The Elawn Moosk token, inspired by Elon Musk, has recently gained significant attention in the cryptocurrency market. Trading at a market price of $0.0041 with a 24-hour change of +302%, Elawn Moosk experienced a rapid surge in price following its launch on April 15. The token saw an impressive +680% climb in just 6 hours,