Over the weekend, the cryptocurrency market experienced significant turmoil as Bitcoin’s price took a steep dive, reaching a multi-week low of around $61,000. This sudden drop was triggered by escalating tensions between Iran and Israel, causing panic among investors. Just days before, Bitcoin was trading above $70,000, but the situation quickly deteriorated after the US
The EigenLayer team recently made a groundbreaking announcement regarding the launch of EigenDA, the first Available Validator Service on the Ethereum mainnet. This move has garnered significant attention as over 4.1 million ETH has already been restaked on EigenLayer. What sets EigenDA apart is its ability to allow users to delegate their entire stake to
The recent weekend saw a significant shift in the cryptocurrency market, with Bitcoin and altcoins experiencing a sharp decline in their prices. Various factors have contributed to this sudden downturn, including announcements from key figures in the US Federal Reserve and reports of escalating tensions between Iran and Israel. As a result, Bitcoin’s price plummeted,
ICB Network, a groundbreaking Layer-1 Blockchain project launched on April 1, 2024, has redefined the standards of efficiency, security, and scalability in the blockchain ecosystem. At its core, ICB Network implements the innovative Proof of Stake (PoS) consensus mechanism, setting it apart from traditional Proof of Work (PoW) systems. This strategic decision has significantly contributed
The countdown to the much-anticipated 2024 bitcoin halving event has stirred up a whirlwind of excitement and speculation within the cryptocurrency world. Social media platforms are buzzing with discussions surrounding the impending halving, with a noticeable increase in chatter, as reported by Santiment. This surge in social media activity is seen as a potential indicator
Bitcoin’s market capitalization has been on the rise, recently reaching an all-time high of over $1.43 trillion. Industry experts are divided on the future value of Bitcoin, with some optimistic projections going as high as $100K. Ripple’s CEO, Brad Garlinghouse, also believes in broader industry growth, predicting that the global market capitalization of the sector
The recent weeks have seen a decrease in the bullish momentum of the Bitcoin price, raising concerns about the progression of the crypto bull cycle. A flash crash on April 12 resulted in the premier cryptocurrency’s value dropping from $70,000 to below $67,000. This decline highlights the struggle of Bitcoin to reach its recent all-time
The recent turbulence in the crypto market on April 12 left many investors stunned as the prices of Bitcoin and other major altcoins experienced a sharp decline. This unexpected turn of events led to massive liquidations, with over 277,000 traders losing their leverage positions within a span of 24 hours. The total amount of crypto
The recent market correction on April 12 caused a drop in the value of various digital assets, including Shiba Inu (SHIB), which experienced a 6% decline on a weekly scale and a 20% decrease over the past month. Despite this negative trend, many analysts are optimistic about SHIB’s potential for a substantial rebound in the
Tax crimes involving cryptocurrency are on the rise, according to IRS criminal investigation chief Guy Ficco. Ficco highlighted a surge in what he referred to as “pure crypto tax crimes” falling under Title 26 of the US Code, which deals with federal income tax violations. These crimes include failure to report income from crypto sales
