Recently, Cardano founder Charles Hoskinson hinted at the possibility of teaming up with Bitcoin Cash (BCH) to enhance the performance of both cryptocurrencies. In a poll posted by Hoskinson on X, he proposed utilizing technologies like proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology to optimize the capabilities of Bitcoin
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Recently, six Coinbase customers took legal action against the popular cryptocurrency exchange, Coinbase Global, as well as its subsidiaries Coinbase, Inc. and Coinbase Asset Management, LLC. The lawsuit, filed on May 5, accuses Coinbase of listing digital assets that are considered securities. Among the tokens mentioned are Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland
Cardano (ADA) seems to be experiencing a lackluster price action at the moment, but analyst Ali Martinez has shared his belief that the crypto might be gearing up for a parabolic run. Martinez discussed an intricate price analysis on social media, pointing out that ADA’s current price formation is showing signs of a potential comeback
Bitcoin has recently demonstrated its resilience by bouncing back above the $60,000 price zone following a dip below $57,000. Market expert Peter Brandt predicts that Bitcoin could reach a six-figure digit value by 2025, emphasizing the asset’s uniqueness compared to other commodities and cryptocurrencies. The Trade of a Lifetime Brandt describes Bitcoin as a “once-in-a-lifetime
The crypto research platform 10x Research recently highlighted the increase in Bitcoin’s Relative Strength to 40%. They delved into the potential moves that the flagship cryptocurrency might undertake in the near future. In their newsletter titled “Fake Dip?”, 10x Research pointed out that historically, Bitcoin has exhibited possible rallies when its Relative Strength Index (RSI)
Financial technology giant Block, under the leadership of X co-founder Jack Dorsey, recently announced a groundbreaking decision to invest 10% of profits from bitcoin-related products into monthly BTC purchases. In a Q1 2024 earnings report directed at shareholders, Dorsey outlined the rationale behind this move. He emphasized the unique position of bitcoin as the paramount
Coinbase, the leading cryptocurrency exchange in the United States, has recently reported its earnings for the first quarter of 2024. The numbers are truly remarkable, with the company posting a total revenue of $1.6 billion, a substantial 72% increase from the previous quarter. This outstanding performance can be attributed to the surge in cryptocurrency prices
Alexander Vinnik, a Russian national who was behind the operation of the crypto exchange BTC-e, recently pleaded guilty to charges of money laundering conspiracy in the US. BTC-e, once considered one of the largest crypto exchanges globally from 2011 to 2017, was found to have processed transactions worth a staggering $9 billion. According to prosecutors,
In the midst of a general market downturn that saw Bitcoin and Ethereum hit multi-month low prices, Ripple’s XRP managed to remain surprisingly resilient. Despite briefly dropping below $0.50, the token is up 3% on a two-week scale according to CoinGecko’s data. This resilience has caught the attention of analysts who are predicting significant gains
The Bitcoin price recently experienced a significant shift in momentum, with a strong comeback on Friday following a week of bearish pressure. After falling below the $60,000 mark for the first time in almost two months on May 1, the price of BTC managed to recover above $60,000 and even peaked at $63,000 within a