Bitcoin (BTC) experienced a sudden surge of over 6% in response to the news of the Federal Reserve’s potential rate cut. This unexpected announcement by Federal Reserve Chairman Jerome Powell sparked renewed volatility in the Bitcoin market. Crucial on-chain data from CryptoQuant paints a hopeful picture for Bitcoin traders. The data indicates that traders are
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After experiencing a sharp drop to as low as $2,200 in early August, Ethereum (ETH) has shown signs of recovery. Data from Glassnode suggests that the market value to realized value (MVRV) lowest pricing level for Ethereum is at $1,687, indicating that the crypto has potentially bottomed out. This metric predicts how high or low
Samuel Edyme, fondly known as HIM-buktu, is more than just a web3 content writer, journalist, and aspiring trader. His journey into the world of crypto was not the smooth sailing success story that many may expect. In fact, it began with a scam that piqued his interest in the market, setting him on a path
Cryptocurrency exchange WazirX recently announced a comprehensive restructuring plan after experiencing a major security breach on July 18. However, the exchange has now raised concerns about external parties attempting to prolong the restructuring process for their own benefit. According to WazirX, these external parties are focused on creating and maintaining “uncertainty” rather than seeking a
Opeyemi is not just any writer – he is a passionate enthusiast in the world of cryptocurrency. Despite not originally setting out to explore the digital asset industry, he has found himself deeply engrossed in it for over two years now. What started as a mere curiosity has blossomed into a full-blown passion for unraveling
Shibarium, a layer-2 blockchain solution built on the Ethereum network, has been making waves in the crypto world since its inception. Designed specifically to support the Shiba Inu ecosystem, the protocol has set out to revolutionize transaction costs, speed, and scalability. With over 418 million transactions processed and several key upgrades under its belt, Shibarium
The European Union has long been a hub for technological innovation, but according to Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek, the region’s fragmented regulatory structure is stifling the progress of artificial intelligence (AI) development. In a joint statement, the two tech leaders highlighted the challenges faced by companies in the EU due
In a recent operation led by the Federal Financial Supervisory Authority (BaFin) in Germany, a nationwide crackdown on unlicensed crypto ATMs resulted in the seizure of nearly 250,000 euros ($279,000) in cash and 13 machines. This initiative was part of a larger effort to enhance regulatory oversight within the rapidly expanding cryptocurrency sector in the
The landscape of American politics is witnessing a significant shift, with young, pro-crypto voters emerging as potential game-changers in the upcoming 2024 US presidential elections. According to a recent report by Coinbase, Gen Z and Millennials, who now make up 40% of the electorate, are increasingly favoring candidates who promote crypto and financial innovation. This
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism, with a specialization in content creation and reporting. His journey in the industry began with writing on various topics, but he quickly transitioned into focusing on the complexities of blockchains and digital assets. Semilore’s passion for the efficiency of digital assets in storing
