Bitcoin and the overall cryptocurrency market are facing a challenging time as they struggle to recover from a recent market decline. Despite briefly reaching a high of $44,700, the primary cryptocurrency has been unable to sustain its momentum and is now trading around $41,000. The bears have made their presence known, causing Bitcoin to experience
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The rapidly evolving cryptocurrency market has raised concerns about the lack of precise regulation in the digital asset space. Chairman Rostin Behnam of the Commodities Futures Trading Commission (CFTC) believes that most cryptocurrencies should be classified as commodities under existing laws, highlighting the need for updated regulatory frameworks to accommodate technological advancements. Chairman Behnam’s call
The crypto market has been experiencing a period of cautious trading and consolidation, with major cryptocurrencies like Bitcoin and Ethereum seeing minor price fluctuations. Bitcoin is currently trading at around $41,960, down a mere 0.17% in the last 24 hours, while Ethereum hovers around $2,229, experiencing a dip of 0.26% over the same period. Despite
In a recent announcement by the National Vulnerability Database (NVD), a critical vulnerability in Bitcoin’s inscriptions has been identified, posing potential risks to the Ordinals Protocol developed in 2022. This vulnerability has raised concerns within the cybersecurity community, as it allows data to be disguised as code in specific versions of Bitcoin Core and Bitcoin
The upcoming Bitcoin (BTC) halving, scheduled to take place in just five months, has sparked anticipation among investors. Speculation is rife about whether this event will trigger another epic bull market, similar to those witnessed in the past. Mitchell Askew, the Head Analyst for Blockware Solutions, is particularly optimistic. His theory goes against conventional wisdom,
Bitcoin’s price has once again experienced a significant drop, plunging to the $40,000 support zone. While there has been a modest recovery, with BTC attempting to increase its value, it still needs to surpass the $42,350 mark in order to enter a positive zone. It is crucial for Bitcoin to gain momentum and overcome this
Enjin, a leading player in the NFT space, has accomplished a remarkable feat by seamlessly migrating over 200 million NFTs from Ethereum and its sidechain JumpNet to the Enjin Blockchain. This transition marks a significant milestone in the ever-evolving landscape of digital assets. Enjin launched its own blockchain earlier this year, specifically designed to cater
The crypto market has showcased its resilience in recent times, outperforming traditional assets like equities. This can be attributed to a significant repricing in monetary policy expectations and short futures liquidations at the beginning of last week. However, the short-term outperformance encountered limitations due to stronger-than-expected US jobs data, leading to a reversal in US