The Bitcoin network is currently experiencing a significant drop in hash rate, indicating a state of miner capitulation. This phase is characterized by miners either shutting down operations or selling off part of their Bitcoin reserves. Since the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This
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DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, most notably the Draft Kings NFT lawsuit. A recent decision by a US District Judge in Massachusetts has denied DraftKings’ motion to dismiss a class action lawsuit related to its NFTs. This ruling has significant implications for the classification and regulation of NFTs in
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and growing bearish sentiment in the market. Traders are closely monitoring Ethereum’s behavior as it nears this critical threshold, looking for signs of either stabilization or further
The recent crash in the crypto market has left investors in a state of panic, particularly those holding Bitcoin and altcoins. The price of Bitcoin has been falling steadily, leading to tens of thousands of traders losing their positions and facing significant losses. In just the last 24 hours, the market has seen a substantial
Recently, Ripple has been using a court ruling regarding Binance’s BNB token to bolster its defense against the SEC’s harsh penalties for XRP sales. The company argues that the lack of regulatory clarity surrounding the legality of these sales should not warrant severe punishments. The ruling that caught Ripple’s attention was made by Judge Amy
Despite the overall negative sentiment in the cryptocurrency market, Bitcoin investors holding more than $600,000 worth of BTC have been steadily accumulating more coins over the last six months. According to data from Santiment, wallets holding more than 10 BTC have increased their collective holdings by 1.07% in this time period, adding up to over
In the realm of meme coins, one of the latest sensations to capture the attention of the crypto community is DADDY. Over the past 24 hours, DADDY has seen a remarkable price surge of 35%, reaching a trading value of about $0.15 according to CoinGecko. This surge has propelled the token’s market capitalization to nearly
Meta’s Mark Zuckerberg has a vision for the future – a world where smart glasses equipped with holographic displays will replace traditional mobile phones as the primary communication and computing device. In a recent interview with YouTuber Kane “Kalloway” Sutter, Zuckerberg discussed Meta’s exciting future products, including a set of smart glasses packed with cameras,
Crypto analyst Quinten François has painted a remarkably optimistic picture of Bitcoin’s future trajectory, suggesting that the flagship cryptocurrency could surge to as high as $4.5 million. He pointed out the significance of Bitcoin’s fourth halving and claimed that the real action is just getting started. According to Quinten, Bitcoin is currently situated at the
Recently, KuCoin announced that it would be introducing a 7.5% value-added tax on trading fees for Nigerian users starting on July 8. This decision has raised eyebrows in the crypto community as it marks a significant shift in the taxation landscape for digital assets in the country. The firm stated that the VAT would be
