In the ever-evolving landscape of blockchain technology, Somnia has emerged as a revolutionary player. By optimizing its Layer 1 blockchain for the Ethereum Virtual Machine (EVM), Somnia has developed a robust framework designed to meet the demanding needs of real-time applications. With the release of its latest litepaper, the project outlines significant technological updates aimed
Semilore Faleti stands out in the dynamic universe of cryptocurrency journalism, carving a niche that reflects both his commitment to the field and his belief in the transformative potential of digital currencies. Starting his career amidst a plethora of topics, Semilore’s keen intellect and curiosity led him to pinpoint the complex mechanisms that underpin blockchain
In the rapidly evolving world of cryptocurrencies, the concept of HODLing, or holding onto assets for extended periods without selling, has gained significant traction among investors. Notably, Bitcoin stands at the forefront of this trend, boasting the longest average holding period of 4.4 years. This impressive statistic reinforces Bitcoin’s image as a robust store of
In the ever-evolving landscape of cryptocurrencies, Solana (SOL) has emerged as a beacon of hope, showcasing significant price gains over the past week. With an impressive rise of approximately 11%, SOL reached a peak price of $178 on October 24, marking its highest point in nearly three months according to CoinGecko data. As of now,
On October 25th, a significant event is poised to ripple through the cryptocurrency landscape: the expiry of approximately 62,600 Bitcoin options contracts, amounting to around $4.26 billion in notional value. This expiry, marked as a month-end occurrence, is particularly impactful when compared to the typical weekly expirations that occur regularly in the trading cycle. The
In the ever-evolving cryptocurrency market, Cardano (ADA) stands out as a key player due to its focus on scalability and sustainability. Recent analysis by the pseudonymous crypto analyst, Melika Trader, on TradingView has provided insights into ADA’s price trajectory. With a technical forecast pointing toward a potential long-term price target of $1.8, it becomes vital
Ethereum, one of the leading cryptocurrencies, has drawn significant attention from analysts and investors alike, especially as it enters a pivotal phase in the current market cycle. Despite its recent struggles, which include a 6.22% price decline over the last week and a trading price hovering around $2,472, there are indications that a bullish uptick
Bitcoin, initially hailed as the pioneering digital currency, is now facing intensified scrutiny from global regulators. Recent analyses undertaken by researchers at the Federal Reserve Bank of Minneapolis and economists from the European Central Bank (ECB) have ignited a debate surrounding the future of this cryptocurrency. These recommendations, which include the outright prohibition of Bitcoin
Digital currencies continue to attract attention from investors and analysts alike, with Bitcoin often at the forefront of discussions. Currently, Bitcoin is approaching the significant threshold of $70,000, indicating a continuous upward trend even in the face of broader market challenges, particularly within the US equities landscape. This article delves into the factors contributing to
In a bid to tackle the rising tide of cryptocurrency-related crimes and illicit financial activities, a significant step has been taken between the United States and Nigeria. Both nations have established a Bilateral Liaison Group, aiming to bolster collaboration in identifying, investigating, and prosecuting cybercrimes associated with digital currencies. This initiative, announced on October 23,
