The recent market crash has brought about significant changes in the cryptocurrency space, with Arweave (AR) experiencing an 18.7% drop in its token value. This decline is part of a larger market downtrend that has seen Bitcoin’s price decrease by 7%. The Relative Strength Index (RSI) for AR is currently at 27, indicating oversold conditions.
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The recent announcement by Animoca Brands to enter the Bitcoin ecosystem through the Opal Protocol marks a significant step towards revolutionizing the digital landscape. Partnering with Darewise, a metaverse technology platform, Animoca Brands aims to develop the largest Web3 ecosystem that encompasses gaming, entertainment, DeFi, education, and culture. The Opal Protocol, a decentralized ecosystem protocol
Ripple recently announced a groundbreaking partnership with HashKey Group, aimed at introducing XRP Ledger (XRPL) enterprise solutions to the Japanese market. This joint venture with HashKey DX, a specialized consulting company based in Tokyo, signifies a significant step towards revolutionizing supply chain finance solutions in Japan. The partnership will see the deployment of cutting-edge technology
Crypto analyst DonAlt has brought attention to a scenario where the price of Bitcoin could potentially drop to the mid-$40,000 range. He suggests that this price breakdown might be necessary for the continuation of Bitcoin’s bull run. In his analysis, DonAlt mentioned that Bitcoin had fallen back to around $60,000 and could face a potential
In a recent article by Nikita Ovchinnik, the Co-founder at Barter DeFi, the future of decentralized finance (DeFi) has been called into question due to regulatory action taken by the SEC against Uniswap. This action has raised concerns about the regulation of DeFi platforms and the potential impact on the industry as a whole. The
The SPACEX token, launched by a dedicated Elon Musk enthusiast and developer, has recently gained significant attention in the crypto space. With remarkable gains and a market price of $138, representing a 24-hour change of +78,940%, SPACEX has quickly become a hot topic in the market. The token’s surge in price is attributed to its
Two influential organizations in the cryptocurrency space, the Blockchain Association and the Crypto Freedom Alliance of Texas, have recently filed a legal challenge against the US Securities and Exchange Commission (SEC). They argue that the SEC exceeded its authority by implementing a rule that redefines the criteria for identifying a “dealer” of securities. The groups
Yuga Labs, known for creating the highly sought-after Bored Ape Yacht Club (BAYC), recently made a bold decision to burn 4,295 HV-MTL NFTs. This move came as a response to the acquisition of their gaming IPs by Faraway, a blockchain gaming studio. The burning of these NFTs amounted to 14% of the total supply, reducing
Bitcoin’s fourth halving has recently taken place, reducing the block reward from 6.25 BTC to 3.125 BTC. This event, occurring every four years, is a crucial moment in the cryptocurrency realm. The daily issuance of Bitcoin has now been halved to around 450 Bitcoin, compared to the previous 900. This reduction will continue until the
In the world of scientific research, traditional gatekeepers such as scientific journals have long benefited from the hard work and findings of the scientific community. Unfortunately, this has led to an unequal distribution of resources and the centralization of scientific knowledge. Scientific journals, while crucial for spreading information, are facing numerous challenges such as article