Google Cloud, known for its cloud computing services, recently made waves in the blockchain community with the launch of its new Web3 portal. This portal is specifically designed to cater to blockchain developers interested in creating non-fungible tokens (NFTs) and decentralized applications (DApps). The Web3 portal offers a wide range of resources and support for
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Yuga Labs, a prominent player in the crypto space known for its Bored Ape Yacht Club NFT project, recently announced a major restructuring initiative that includes layoffs. The decision comes at a time when the company’s peak valuation of $4 billion seems to be a thing of the past. CEO Greg Solano, who took over
The recent Bitcoin halving event has had a significant impact on miner revenue, particularly in terms of transaction fees. Following the halving, which occurred last Friday, miner block rewards were reduced by half to 3.125 bitcoins (BTC). This resulted in a sharp decline in daily issuance from an average of 900 BTC to 450 BTC.
The Bitcoin network has experienced a significant increase in trading activity following the recent halving event. While the halving did bring attention to Bitcoin, the surge in trading activity can be primarily attributed to the introduction of a new token standard known as Runes. Data from on-chain analytics platform IntoTheBlock reveals that the number of
Recent on-chain data reveals a concerning trend for the Bitcoin network – a steady decline in high-value transactions over the past few weeks. This decrease in activity has been reflected in the price of Bitcoin, which has struggled to break out of consolidation throughout the month of April. Despite several attempts to surpass the $67,000
Upbit, a leading cryptocurrency platform in South Korea, has established itself as a dominant player in the country’s crypto market. Responsible for over 80% of the trading activity in South Korea, Upbit has also been ranked among the world’s top five exchanges in terms of trading volume. However, the platform’s dominance has raised concerns and
Institutional investors in Canada have shown a significant increase in their exposure to cryptocurrency in the past year, according to a recent survey by KPMG. The consulting firm’s bi-annual survey, titled “Institutional Adoption of Cryptoassets,” received responses from 65 participants, which included 31 institutional investors managing assets over $500 million and 34 financial services organizations.
The cryptocurrency market is buzzing with excitement as a deep learning model has forecasted a significant price surge for Bitcoin in the near future. According to CryptoQuant, a prominent blockchain analytics platform, Bitcoin could potentially hit an all-time high of $77,000 within the next 30 days. This prediction has sparked optimism among investors, who have
In the realm of cryptocurrencies, meme coins have been on the rise, especially during the latest bull cycle. The market capitalization of this sector briefly surged past $60 billion, driven by popular assets like Dogecoin (DOGE) and Shiba Inu (SHIB). These two coins alone account for over 60% of the market capitalization, with DOGE and
Crypto expert Peter Brandt has recently speculated that the Bitcoin top for this market cycle may have already been reached. His analysis is based on what he calls the “exponential decay” thesis, which he believes could actually benefit the Bitcoin ecosystem in the long run. Brandt’s theory revolves around the idea that Bitcoin’s percentage gain