Despite the recent recovery of Cardano from its April lows and maintaining momentum above $0.45, there are mixed sentiments about the future trajectory of the altcoin. While some analysts expect a rally, others, like ‘More Crypto Online’, predict further decline in the ADA price. The Elliot Wave Theory suggests that Cardano is currently in its
Ethereum’s recent price recovery is a positive sign amidst a bearish crypto market, but beneath the surface, there is a significant trend that may have a lasting impact on Ethereum’s economic model. In April, the ETH burn rate reached an annual low due to a substantial decrease in network transaction fees. This decline has led
The recent crackdown by the Securities and Exchange Commission (SEC) on crypto firms has led Bitwise Investments CIO Matt Hougan to suggest that the regulatory environment inadvertently benefits US crypto exchange Coinbase. According to Hougan, the current regulatory challenges create an “artificial moat” for Coinbase, giving the platform an edge over its competitors. He believes
Renowned cryptocurrency analyst and trader Rekt Capital has uncovered a fascinating discovery in his recent analysis of Bitcoin’s price trend. His groundbreaking observation indicates that Bitcoin is exhibiting a pattern reminiscent of historical price movements that occurred during a bull cycle eight years ago. Rekt Capital emphasizes the remarkable similarity between Bitcoin’s current behavior and
Recently, Robinhood’s cryptocurrency division found itself in hot water after receiving a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. The SEC had been conducting an investigation into Robinhood’s cryptocurrency listings, custody practices, and platform operations, ultimately recommending an enforcement action against the popular trading app. This news came as
Friend.tech, the exclusive decentralized blockchain social network, experienced a tumultuous launch period with its crypto token, $FRIEND, taking a hit of 4.3% in the last hour. This drop in value came after a significant crash of 50% during its debut, attributed to profit-taking by a large investor. The volatile nature of the cryptocurrency market, particularly
Robinhood Markets Inc. has recently found itself in hot water as the Securities and Exchange Commission (SEC) has threatened legal action against the popular crypto trading platform. In a Form 8-K filed on Saturday, the company disclosed that it had received a Wells Notice from the SEC on May 4. This notice indicated that the
In recent years, there has been a significant surge in interest surrounding metaverse commerce. This innovative concept involves the selling of physical goods through virtual platforms, opening up a whole new realm of possibilities for businesses. The metaverse essentially represents a virtual world where individuals can interact with each other in real-time through avatars. It
Blockchain analytics company Elliptic has recently announced significant progress in using artificial intelligence (AI) to identify money laundering activities in Bitcoin. By collaborating with researchers from the MIT-IBM Watson AI Lab, Elliptic has been able to uncover illicit proceeds deposited at cryptocurrency exchanges, new patterns in money laundering transactions, and previously unidentified illegal wallets. This
The rise of meme coins in the cryptocurrency market has sparked an important conversation about regulatory oversight. Chris Dixon, a general partner at Andreessen Horowitz (a16z), recently shared his concerns about the US regulatory system and its treatment of meme coins. He questioned why meme tokens are permitted to thrive while other cryptocurrency companies and
