The cryptocurrency landscape is ever-evolving, and Ethereum (ETH) has recently taken center stage with its price movement above the $2,700 threshold. This resurgence occurs amidst a wave of optimism among crypto analysts, who see potential for ETH to breach new resistance levels and possibly reclaim the $3,000 mark. However, while this upward momentum is encouraging,
Polymarket, the leading blockchain betting platform, has gained significant attention since its inception in 2020. Backed by prominent investors, including Peter Thiel’s Founders Fund, it offers an innovative way for users to wager on event outcomes, including elections. However, recent analyses cast shadows on its reliability as an electoral predictor, bringing to light methods that
As the landscape for cryptocurrency evolves globally, Hong Kong appears to be positioning itself as a significant player in the sector. Financial Secretary Paul Chan revealed at the ongoing Hong Kong FinTech Week that the city is actively pursuing additional licenses for crypto exchanges by the close of the year. This initiative signifies a shift
On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a remarkable influx of $872 million, setting a new record for the highest single-day inflow since its launch in January. This significant uptick occurred just a day after IBIT reported a trading volume of $3.35 billion, the most substantial level observed in over six months. Such
In a striking analysis released by Animoca Research, the performance of newly listed tokens on five major cryptocurrency exchanges from January to September 2023 has raised eyebrows across the crypto community. The findings revealed a sobering trend: a negative median performance rate ranging from 40% to 70% was observed among 773 tokens listed during this
The Royal Government of Bhutan has recently made headlines by depositing a substantial amount of Bitcoin into the Binance cryptocurrency exchange. Specifically, 929 BTC were transferred at a time when Bitcoin’s price crossed the $70,000 mark for the first time since mid-June. According to Lookonchain, sources such as Arkham Intelligence confirmed that this transaction, amounting
In a groundbreaking move, Circle, a prominent stablecoin issuer, has forged a partnership with HKT, a notable player in technology, media, and telecommunications within Hong Kong. This collaboration, encapsulated in a newly signed Memorandum of Understanding (MOU), aims to harness the power of blockchain technology to develop innovative loyalty solutions that cater specifically to the
On October 30, Kraken, one of the leading cryptocurrency exchanges, revealed a significant restructuring initiative intended to optimize its operations and re-establish its organizational focus. This announcement comes on the heels of a painful history of prior layoffs, which included a notable 30% workforce reduction just a year prior. These decisions are not merely business
In a groundbreaking fusion of anime heritage and cutting-edge technology, Animoca Brands Japan is set to unveil a special collection of NFTs inspired by the iconic series Ghost in the Shell, launching on October 31. This initiative not only reflects the enduring legacy of the influential franchise, which has roots stretching back to a 1989
The cryptocurrency market is experiencing a surge of interest, driven primarily by Bitcoin’s approach to its all-time highs. As analysts and investors closely monitor the oscillating price movements, many are turning their attention to promising altcoins, notably Cardano (ADA). With the backdrop of Bitcoin’s potential breakout, Cardano finds itself positioned at a crucial intersection. Various
