The cryptocurrency market has seen a surge in volatility in recent days, impacting investor confidence. Bitcoin (BTC) witnessed a price spike to nearly $70,000 on July 29, only to drop below $66,000 the next day and currently hovers around $66,300 according to CoinGecko’s data. The correction in Bitcoin’s price coincided with reports of the US
Cardano (ADA) is facing a crucial moment as it struggles to reverse a recent downward trend. The formation of an inverted hammer on the weekly chart is providing some hope for buyers, indicating a potential shift from bearish to bullish sentiment. However, the confirmation of this pattern is essential for any significant rally to take
Jonathan Mann and Brian L. Frye have taken a bold step by filing a lawsuit against the US Securities and Exchange Commission (SEC). The heart of the matter lies in the classification of NFTs representing digital art as securities under US law. Mann, known for his daily songwriting streak of over sixteen years, created a
Doodles has recently launched their Super Pass on Coinbase’s Base, an Ethereum layer-2 scaling network. This initiative marks a significant evolution for Doodles, shifting from a collection of NFTs to a comprehensive Web3 entertainment company. The Super Pass offers exclusive access to content and interactions with artists on DoodlesTV, a new platform aiming to redefine
Recently, Cardano (ADA) has experienced a significant 300% increase in Exchange Traded Product (ETP) inflows. This unexpected surge in capital from institutional investors has sparked excitement for the cryptocurrency’s potential upward trajectory. CoinShares, a prominent player in the crypto ETP industry, released a report showcasing the fund flows of various digital assets. Among the assets,
Samuel Edyme, also known by the nickname HIM-buktu, is a multi-talented individual with a diverse range of skills. He has made a name for himself as a web3 content writer, journalist, and aspiring trader, showcasing his versatility in various fields. Edyme’s journey into the world of cryptocurrency was not smooth sailing, starting with a Ponzi
BlackRock’s recent announcement that they have no plans to launch a Solana (SOL) ETF in the near future may come as a surprise to some, especially given the success of their Bitcoin and Ethereum spot ETFs. This decision has created an opening for other asset managers to potentially enter the market and compete in this
21Shares, a part of 21Shares AG, recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move aims to enhance the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH), which is physically backed by Ether and tracks its performance. The Zurich-based financial institution stated that this integration
The US Securities and Exchange Commission (SEC) has made plans to amend its original complaint against Binance, signaling a potential shift in its approach towards cryptocurrencies. The amended complaint might eliminate the need for the court to make decisions on tokens previously classified as securities, specifically the ‘Third Party Crypto Asset Securities.’ The decision to
Goldman Sachs CEO David Solomon recently shared his views on Bitcoin, stating that it could potentially serve as a store of value similar to gold. While he has never been a harsh critic of Bitcoin, he still sees it primarily as a speculative investment lacking a clear use case. Solomon did, however, recognize the potential
