After the recent halving event, Bitcoin experienced a dip to $62,500, causing concern among investors. However, analysts are optimistic about a potential rally in the near future. Financial institutions are showing increased interest in Bitcoin, which could drive up the price. Historical trends also suggest that the crypto market tends to experience a surge after
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The recent dip in the value of Solana’s meme coin, Bonk (BONK), has raised concerns among investors amidst a wider crypto pullback triggered by leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Bonk experienced an 8% drop overnight, significantly higher than the losses incurred by Bitcoin and Ethereum. This decline brought the value of Bonk
Google Cloud, a prominent cloud computing service offered by tech giant Google, recently unveiled its latest initiative – the Web3 portal. This portal is specifically designed to cater to the needs of blockchain developers, providing them with resources and support to delve into the world of non-fungible tokens (NFTs) and decentralized applications (DApps). Analysis of
Yuga Labs, a company that rose to fame in the crypto space with its Bored Ape Yacht Club NFT project, has recently made headlines for announcing a major restructuring initiative. The company, which reached a peak valuation of $4 billion in 2022, faced internal challenges that led to CEO Greg Solano’s decision to downsize and
The recent actions by the SEC against Uniswap have put DeFi in the spotlight, raising concerns about compliance and regulatory oversight. The SEC’s allegations against Uniswap for acting as an unregistered securities broker and exchange highlight the ongoing battle between decentralized platforms and regulatory authorities. While Uniswap has defended itself by stating that it is
The aftermath of the fourth Bitcoin halving event has brought significant changes to the landscape of miner revenue, particularly in terms of transaction fees. A recent report by CryptoQuant revealed a substantial decrease in the portion of miner revenue coming from transaction fees, contrasting sharply with the spike observed on the halving day. Initially, transaction
The Bitcoin network has recently experienced a significant increase in trading activity following the halving event. Despite the halving garnering attention for the cryptocurrency, the surge in trading can be attributed to the introduction of the Runes token standard. Data from on-chain analytics platform IntoTheBlock reveals that the number of daily BTC transactions has spiked
The latest on-chain data reveals a troubling trend for the Bitcoin network, as high-value transactions have been steadily declining in recent weeks. This decline in activity has not gone unnoticed, as it mirrors the struggles of the premier cryptocurrency’s price to break out of consolidation during the month of April. The past week has been
Upbit, a prominent cryptocurrency platform in South Korea, has established itself as a key player in the country’s trading landscape. Responsible for over 80% of the nation’s trading activity, Upbit has emerged as one of the top five exchanges worldwide in terms of trading volume. However, its dominant position has sparked criticism and concerns, particularly
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets over the past year, as revealed by a recent survey conducted by KPMG. The survey, titled “Institutional Adoption of Cryptoassets,” received responses from 65 participants, including institutional investors managing assets exceeding $500 million and financial services organizations. The data showed a notable rise
