Cryptocurrency market watchers and analysts have been debating whether Bitcoin has reached its peak in the current cycle, especially after its all-time high above $73,000 in March. However, one crypto analyst known as ‘CryptoCon’ has provided a detailed analysis of Bitcoin’s recent price movements using the Relative Strength Index (RSI) Bollinger Band % phases. In
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The UK Law Commission recently released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities created for a shared goal, such as investing in start-ups or purchasing historical documents. This paper raises an essential issue by pointing out the lack of consensus on what
The US Securities and Exchange Commission (SEC) recently made headlines by accepting a proposal that includes exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This decision is aimed at easing the burden on banks and brokerages when it comes to balance sheet reporting related to crypto assets. Under
Growing up in Edo State, Nigeria, surrounded by my supportive family, I have always been inspired by my siblings and parents. Their guidance has shaped my understanding of life and instilled in me the values of perseverance and determination. These values have been instrumental in my journey into the world of cryptocurrency, a field that
Bitcoin’s price has been on a rollercoaster ride recently, with significant fluctuations in a short period of time. Just yesterday, the price surged near $60,000 after the release of CPI numbers, only to lose momentum and retrace by over $2,000. This extreme volatility has been a common theme for Bitcoin in recent days. Market Reaction
Justin Sun, the founder of Tron, recently made headlines with his $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency. This move came as the FOMO surrounding Spot Ethereum ETFs continues to grow stronger in the crypto market. Sun’s investment of $5 million allowed him to buy 1,614 ETH tokens at an approximate price
Soccerverse, an innovative blockchain-based football management game, has recently secured a significant funding boost of £2.5 million ($3.1 million) led by game publisher Square Enix. This latest round of funding, supported by existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. The investment from Square Enix highlights the potential of Soccerverse to revolutionize
The German state of Saxony has been rapidly selling off its Bitcoin reserves, following the seizure of assets from Movie2K, a film piracy website earlier this year. This recent sell-off saw 10,567 BTC (approximately $600 million) being transferred to various entities, including Bitstamp, Coinbase, Kraken, Flow Traders, and Cumberland DRW. These transactions occurred in multiple
In the fast-paced world of Web3, keeping track of your onchain activities can be a daunting task. With the introduction of the Coinbase Wallet Web3 app, the process of managing your digital assets is expected to become more streamlined and simplified. This article delves into the features of the app and why it could be
In a recent development, popular crypto privacy protocol Railgun successfully prevented Inferno Drainer’s latest attempt to launder stolen funds. The attempt, which involved over 174 ETH, worth approximately $533,000, was intercepted by Railgun, forcing the perpetrators to return the stolen ETH to the original wallet’s address. This significant intervention highlights Railgun’s effectiveness in combating fraudulent
