The Chief Investment Officer of Bitwise Asset Management has made a bold prediction regarding the future of Ethereum prices. He believes that the introduction of Ethereum Exchange-Traded Products (ETPs) will lead to a significant price rally for ether (ETH), pushing it to new all-time highs above $5,000 by the end of the year. This forecast
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Recently, Hong Kong’s financial regulators announced the conclusion of a consultation period over a licensing program initiative for fiat-referenced stablecoin (FRS) providers. The consultation, which ended in February, received 108 submissions from various stakeholders, including market participants, industry associations, and professional organizations. The Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) revealed
In recent days, XRP has emerged as one of the strongest performing cryptocurrencies, experiencing a notable surge in value. The crypto asset, which briefly touched $0.62, a level unseen since March, has shown resilience and strength in the face of market volatility. With over 40% gains over the past week, XRP has captured the attention
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
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
