In recent times, there has been a noticeable shift in the Layer 2 network sector, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. According to data from IntoTheBlock, Base currently has nearly 40% more daily active addresses than the combined total of competing Layer 2 networks like Arbitrum and Optimism.
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Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300. However, the bulls quickly intervened and prevented further downward momentum. The cryptocurrency then entered a period of consolidation, hovering around $60,000 over the weekend. This stability was short-lived, as bitcoin underwent another retracement, dropping to $58,000 at the start of the week. Despite this
The Indian government is gearing up to implement comprehensive regulations for the crypto sector, signaling a significant shift in its approach. Reports from local media outlets suggest that the first step in this process will involve releasing a consultation paper to gather feedback from stakeholders. This initiative underscores the government’s dedication to establishing a regulatory
Coinbase, a popular crypto exchange, recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The migration from MATIC to POL is set to begin on Aug. 26, with Coinbase facilitating the process for its users in the coming months. During the
The recent analysis by technical analyst Willy Woo highlighted some important trends in the Bitcoin market. He pointed out that a significant amount of Bitcoin had been moved from exchanges due to selling by governments and distributions from Mt. Gox, leading to a bearish trend. The influx of paper Bitcoin through derivatives like futures and
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His
Ronaldo is a seasoned crypto enthusiast who has spent over five years immersing himself in the world of cryptocurrencies. His journey began with a spark of curiosity, leading him to develop a deep passion for understanding the complexities of this groundbreaking technology. One of Ronaldo’s key areas of expertise lies in technical analysis. He firmly
Aethir and Return Entertainment have joined forces to bring cloud-based gaming experiences directly to your living room. This exciting collaboration aims to provide high-quality cinematic gaming adventures on your TV by combining Aethir’s powerful GPU cloud infrastructure with Return Entertainment’s innovative streaming platform. This partnership is not only beneficial for gamers but also for streaming
The Bitcoin price has experienced various bull and bear cycles throughout its existence, with each cycle demonstrating a particular trend. Market experts like PlanB often use the historical performance of Bitcoin to make predictions about the future of the coin. PlanB, in a recent post on X (formerly Twitter), highlighted the bullish outlook for Bitcoin
Semilore Faleti is a prominent figure in the field of cryptocurrency writing, specializing in journalism and content creation. With a keen eye for unraveling the complexities of blockchain technology and digital assets, Semilore has made a name for himself as a respected voice in the industry. His dedication to educating and informing his audience sets