In recent days, the spot Bitcoin ETFs have been experiencing positive inflows, leading to a significant recovery in the price of the underlying asset. Bitcoin, after facing extreme turbulence at the beginning of the month, saw a drastic drop to a three-month low of under $54,000 on July 5. However, the asset has since managed
admin
Cardano, once seen as a promising cryptocurrency, has been facing significant challenges in recent months. The number of monthly developer commits has been declining steadily, dropping from 3,380 in May to less than 2,000 this month according to external data. This lack of developer interest is troubling and indicates a potential stagnation in the development
In a recent development, Australian computer scientist Craig Wright’s claims of being the Bitcoin creator, Satoshi Nakamoto, have landed him in legal trouble. The Crypto Open Patent Alliance (COPA) vs. Wright case has revealed that High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS) for potential charges of perjury
Delabs Games, a prominent South Korean game development company, has once again hit the mark with their latest creation: Giga Chad Bat. This innovative clicker game, centered around baseball, has made its debut on the well-known messaging platform Telegram. With Web3 integration and adherence to the latest standards, Giga Chad Bat is poised to make
Axie Infinity, a blockchain-based game, has announced a thrilling new expansion called Homeland, which includes the introduction of Avatar Mode. This feature allows players who own an Axie NFT to become avatars and explore a separate map within the game, providing new opportunities for social interaction and exploration. In the immersive world of Lunacia, players
The US spot Bitcoin ETFs saw a significant daily net inflow of $301 million on July 15th, marking a seventh consecutive day of gains amid a broader market recovery. Notably, none of the ETFs experienced outflows on that day, signaling a strong investor sentiment towards Bitcoin. Among the ETFs, BlackRock’s IBIT emerged as the top
The recent exploit on the decentralized finance (DeFi) platform LI.FI protocol has once again raised concerns about the security measures within the platform. The exploit, amounting to over $8 million, has shed light on the vulnerabilities that exist and the need for better safeguards to protect user funds. Detection of Suspicious Transactions Cyvers Alerts was
In recent years, the cryptocurrency industry has been witnessing a significant surge in lobbying expenditures, as revealed by a new study conducted by Social Capital Markets. The study highlights a remarkable 1,386% increase in lobbying spend by crypto companies over the past seven years, signaling a growing trend of major players in the financial sector
The recent news surrounding the potential launch of Spot Ethereum ETFs has caused a surge in Ethereum’s price, with various analysts predicting new all-time highs for the second-largest cryptocurrency. Bloomberg analyst Eric Balchunas shared that the ETFs could start trading by July 23, pending final paperwork submissions and approval from the US Securities and Exchange
Bitcoin’s price surged to over $65,000 recently, marking a significant milestone for the cryptocurrency. However, this upward trend was short-lived as news emerged regarding Mt. Gox moving billions in BTC. This caused the price to plummet by over two thousand dollars in a matter of minutes, showcasing the extreme volatility that can affect the market.
