Bitcoin has recently slipped to under $56,000, continuing its downward trajectory in the market. Arthur Hayes, co-founder and former CEO of BitMEX, has predicted that in a worst-case scenario, the cryptocurrency could drop to $50,000. This bearish outlook is based on broader macroeconomic factors, including actions by the Federal Reserve and dynamics in the US
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Cardano recently underwent the Chang hardfork, which brought about significant changes to the Layer-1 blockchain. Some of the key updates included the introduction of on-chain voting, Delegate Representatives, improved smart contract capabilities, and a new governance structure with enhanced cost models. ADA holders now have the ability to participate directly in governance decisions or delegate
Excitement is mounting in the mobile gaming sphere as the highly anticipated game Rebel Skies, developed by Faraway Games, is set to be released in October 2024. This game is generating buzz for its innovative approach of combining action, real-time strategy (RTS), and deck building genres into a single, immersive experience. Rebel Skies represents a
The Ethereum market has experienced a significant shift recently, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric has been a key indicator, tracking the amount of ETH held in exchange wallets. A rise in this metric often signals that traders are moving their ETH onto exchanges in preparation
In recent times, Bitcoin has not been living up to the expectations of many investors. The cryptocurrency has experienced severe declines, with its price dropping below the $60,000 mark. This downward trend has raised concerns among experts, including one crypto analyst who has warned of a potential crash to below $40,000. The market has been
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda has recently highlighted the need for specialized S-1 registration forms tailored specifically for digital asset securities. During a speech at the Korea Blockchain Week 2024 event on Sept. 3, Uyeda stressed the importance of updating the SEC’s regulatory tools to accommodate the unique features of
Binance CEO Richard Teng has taken a stand against the Nigerian government for their mistreatment of Tigran Gambaryan, an American executive who has been detained since February. Teng expressed his outrage in a public statement, calling for an end to the inhumane treatment of Gambaryan and demanding that he be allowed to return home for
The Open Network and its native token, TON, have recently faced a significant price plummet, with the token dropping by over 90% in just minutes on CoinMarketCap. The price of TON went from $5.2 to about $0.3, representing a massive 94% decrease in value. However, it is important to note that this crash was not
The latest analysis by Santiment reveals a significant decrease in whale activity across major crypto assets, such as Bitcoin and Ethereum. The number of transactions valued at over $100k has dropped substantially from the highly active period in March to August. For instance, Bitcoin transactions decreased from 115.1k to 60.2k, while Ethereum transactions fell from
Recently, the renowned crypto analyst ‘Titan of Crypto’ shared with his massive following a technical pattern that has never been witnessed before in the cryptocurrency market. This pattern is none other than a golden cross forming between the 100-day moving average and the 200-day moving average. Traditionally, a golden cross occurs when a shorter-term moving
