Charles Hoskinson recently debunked rumors surrounding the development of Hydra, a layer-two scaling solution aimed at improving the transaction processing capacity of the Cardano blockchain. Despite speculations of abandonment, Hoskinson reassured the community that Hydra is thriving and more productive than ever. This open-source framework facilitates off-chain ledger creation, offering developers increased efficiency in utilizing
Market
Over the past weekend, the cryptocurrency market saw significant volatility, with Bitcoin plummeting to a ten-day low of under $65,000. This stark contrast to the previous few days, where Bitcoin had been on a steady climb to reach a new all-time high of $73,800. However, this peak was short-lived as the bears took control of
The cryptocurrency market has recently been shaken by a significant drop in Bitcoin prices, leading to a sense of panic among investors. After reaching record highs and experiencing significant gains, Bitcoin has suddenly plummeted to a weekly low of $65,000. This drastic decline has raised concerns about the stability of the market and the potential
Bitcoin’s price faced intense volatility at the end of the business week, experiencing a significant drop of $8,000. Despite this, the cryptocurrency has managed to recover some of the losses incurred. The week began with Bitcoin plummeting to $67,000, only to see a sudden surge that led to a new all-time high of approximately $73,000.
Grayscale has recently made amendments to its regulatory filing, signaling its intention to convert its Ethereum Trust into a spot exchange-traded fund (ETF). The March 15 amendment serves to bolster the company’s initial filing in several key ways. One significant update is the inclusion of a correlation analysis conducted by Coinbase, which presents evidence supporting
The Bitcoin futures market is currently displaying signals that have historically indicated bullish sentiment among traders and investors. One of the key metrics that analysts are closely monitoring is the Bitcoin futures basis, which reflects the difference between the futures price of Bitcoin and its spot price. Recent data has shown that this basis has
In a surprising move earlier this year, Binance, the world’s leading cryptocurrency exchange, spun off its venture capital and incubation arm, Binance Labs. The website of Binance Labs now clearly states that it operates independently and is no longer part of the Binance Group. This significant development occurred during CEO Richard Teng’s four-month tenure and
In a recent thread, Paul Grewal, the Chief Legal Officer at Coinbase, took issue with a letter penned by Senators Jack Reed and Laphonza Butler. The senators called for stricter regulations on Bitcoin exchange-traded funds and urged the SEC to halt the approval of any further cryptocurrency ETF applications. Grewal respectfully disagreed with the senators’
Bitcoin has been a topic of much discussion lately, with analysts from private wealth management firm, Bernstein, reiterating their previous prediction that the cryptocurrency could reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra, analysts at Bernstein, expressed their conviction in a note to clients that Bitcoin’s price could experience an exponential surge to new
The Securities and Futures Commission (SFC) in Hong Kong recently issued a public warning regarding the unlicensed operations of MEXC, a virtual asset trading platform targeting investors in the city. The SFC emphasized that MEXC is not licensed by the commission and therefore is in violation of local laws. According to the SFC, under the