Somnia is making waves in the blockchain landscape with its cutting-edge advancements that are designed to enhance performance and user experience. As a Layer 1 blockchain that prioritizes compatibility with the Ethereum Virtual Machine (EVM), Somnia’s recent litepaper details transformative technological upgrades that promise to reshape the way developers and consumers interact with decentralized applications
Events
The cryptocurrency market is buzzing with anticipation as approximately 62,600 Bitcoin options contracts are set to expire on October 25, carrying a staggering notional value of around $4.26 billion. This particular expiry is noteworthy due to its timing at the end of the month, amplifying its significance compared to the routine weekly expiries. Such large
Bitcoin, the leading cryptocurrency, has experienced a notable resurgence since early September, witnessing an impressive increase of 31% from its local lows of approximately $53,000. As it reached out to test the psychologically significant resistance levels around $69,500, the currency has encountered substantial selling pressure. This leads us to an essential phase in Bitcoin’s market
In a significant turn of events, the Nigerian government has decided to withdraw all charges against Tigran Gambaryan, a prominent executive at Binance Holdings. This decision, announced by the Nigerian Economic and Financial Crimes Commission (EFCC) on October 23, marks the conclusion of Gambaryan’s tumultuous legal journey that began in February 2024 when he was
Bitcoin has once again faced a turbulent path, unable to establish a foothold at the significant $70,000 mark. In the wake of this struggle, the digital asset has seen a rapid decline, sinking below $67,000 within a few hours. This rapid descent is not isolated; the broader altcoin market has also felt the sting, with
On October 21st, the cryptocurrency market witnessed a significant and brief plunge in Bitcoin’s price, dipping below the $67,000 mark. However, this decline was short-lived as Bitcoin rapidly reclaimed that level by the end of the trading day. This occurrence sheds light on the inherent volatility of cryptocurrencies and their interconnectedness with traditional financial markets,
In today’s digital age, the rise of cryptocurrency has captivated countless individuals, and among them is Opeyemi, a dedicated writer who has immersed himself in the multifaceted world of digital assets. His entry into this dynamic field, albeit unexpected, has blossomed into a passionate exploration of blockchain technology and its various implications on the financial
Recent alerts from crypto analyst Ash Crypto have highlighted a significant risk within the Bitcoin trading community, pinpointing a staggering $33.14 billion in short positions that stand vulnerable if Bitcoin’s price escalates to $72,462. This is a pivotal moment for traders, as liquidating these short positions could catalyze a bullish movement for Bitcoin (BTC). The
The rapid evolution of blockchain technology has brought unparalleled opportunities for emerging game ecosystems, and at the forefront of this revolution is the BNB Smart Chain (BSC). BSC has established itself as a formidable platform, predominantly due to its higher transaction throughput, reduced latency, and seamless compatibility with the Ethereum Virtual Machine (EVM). These attributes
The collapse of FTX stands as one of the most significant scandals in the history of cryptocurrency exchanges, marking a catastrophic downfall that erased billions of dollars in investor wealth. As the ripple effects of this disaster continue to unfold, former executives are now grappling with the consequences of their involvement. Among them is Nishad