The crypto market has made a remarkable recovery after experiencing a significant downturn that saw $500 billion wiped out in less than a week. This drastic decrease caused the total market capitalization to fall to $1.83 trillion on August 5, driven by Bitcoin’s drop below $50,000 and Ethereum’s decline to below $2,200. However, the market
Cardano is on the brink of a significant transformation with the upcoming Chang hard fork, which will usher in the Voltaire era and introduce on-chain governance. This upgrade marks a crucial step towards achieving full decentralization within the Cardano blockchain ecosystem. Cardano’s development is structured into distinct phases, also known as eras, each named after
The global crypto market has been experiencing a downward trend since July, with the overall crypto market cap dropping from $2.7 trillion in May to $2.5 trillion. Many cryptocurrencies have been affected by this bearish trend, facing challenges in maintaining their market value and user engagement. In contrast to the broader market setbacks, Cardano (ADA),
Following a significant market crash that saw Ethereum plummet by 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a surge in inflows. On August 5, aggregate inflows for the nine newly introduced spot ETH ETFs totaled $49 million, marking the second-highest inflow day since their launch. This demonstrates a strong interest from
Unstoppable Domains and Amazon Web Services have recently collaborated to organize a global virtual hackathon that garnered an impressive 1,162 participants. This event, hosted on Devpost.com, utilized AWS’s cloud computing capabilities and Unstoppable Domains’ blockchain-based digital identity solutions. By tapping into opportunities within Web3 and artificial intelligence (AI), the hackathon showcased the integration of AWS’s
Jan van Eck, the CEO of VanEck, a renowned investment management firm, has been vocal about his bullish stance on Bitcoin. In a recent interview with Fox Business, he made a bold prediction that Bitcoin could skyrocket to a staggering $350,000. This forecast is primarily driven by an adoption rate comparable to that of gold.
The recent turmoil in the cryptocurrency market has left many investors and experts scratching their heads. The massive sell-off, which saw Bitcoin and Ethereum plummet over 20% in value, has highlighted the volatile nature of the digital asset space. This market upheaval coincided with a broader sell-off in the stock market, triggered by a disappointing
The recent introduction of a new bill in the Senate has sparked a debate on strengthening the US Secret Service’s authority to investigate crimes involving cryptocurrencies. Led by bipartisan efforts from Senator Catherine Cortez Masto and Senator Chuck Grassley, the bill aims to combat transnational cybercriminal activities and address the urgent need for robust measures
Laguna Games and Crypto Unicorns DAO recently made a joint announcement regarding the shutdown of the Unicorn Party. This decision comes as a surprise to many, especially considering the initial vision behind the series of games. The Unicorn Party, which comprised titles such as Bumpercorns, Mob Run, and Unicorn Trivia, was designed to appeal to
A recent analysis of on-chain data has revealed a particular Bitcoin whale who amassed nearly $400 million worth of BTC between July 30 and 31. This whale, known by its wallet address 12QVs…oN2qo, made a significant move by withdrawing 5,800 BTC ($387.88 million) from Binance within a two-day period. It is believed that this whale
