The recent approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) marks a significant milestone in the history of US trading. This development has sparked tremendous interest, as market data reveals a surge in institutional demand for Bitcoin. Despite a 2% dip in BTC’s price over the past week, the spot
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The dApp industry has experienced remarkable growth, as indicated in DappRadar’s 2023 Industry Report. The report unveils a 124% year-over-year increase in Unique Active Wallets (UAW), providing valuable insights into the dynamic landscape of NFTs, DeFi, and blockchain gaming trends. Notably, blockchain-powered games took the lead in dApp activity, boasting an average of 1.1 million
Solana (SOL) has captured the attention of crypto analyst Ali Martinez, who believes that the digital token could continue its upward trajectory. Martinez recently shared his analysis on X, stating that Solana was breaking out from a bull flag pattern on the 4-hour chart. He further stated that if SOL were to sustain a close
India recently implemented a significant restriction on its citizens’ access to global crypto exchanges, including popular platforms such as Binance, KuCoin, and OKX. This move has raised concerns and sparked debates within the crypto community. The Indian government’s decision to block access to these exchanges aims to prevent possible money laundering activities and ensure compliance
In recent years, decentralized finance (DeFi) has gained significant attention and popularity in the financial industry. However, despite its potential for innovation and disruption, the Commodity Futures Trading Commission (CFTC) highlights several fundamental issues within DeFi systems in their recent report. This article will critically analyze the risks and challenges associated with the DeFi space,
The blockchain gaming industry has been booming in recent years, with promises of revolutionary gameplay and decentralized economies. However, a closer look reveals a concerning trend of discontinuations and cancellations among blockchain games. According to data from the Big Blockchain Game List, more than 30% of the games announced in 2023 have met this unfortunate
The price of Bitcoin has been soaring in recent months, driven by the approval and launch of Spot Bitcoin ETFs. However, crypto analyst Jason Pizzino warns of a potential temporary halt in this bullish momentum. Pizzino points to Bitcoin’s proximity to a crucial resistance point that could trigger a significant price drop. In this article,
In recent weeks, the price of Shiba Inu (SHIB) has experienced a significant downturn. Despite a slight recovery, the price remains in decline, causing concern among SHIB investors. However, behind the scenes, Shiba Inu whales have been actively accumulating a massive amount of SHIB tokens, indicating their long-term confidence in the project. Let’s delve into
South Korea’s Financial Services Commission (FSC) has expressed concerns regarding domestic securities firms brokering overseas-listed Bitcoin exchange-traded funds (ETFs). In a notice issued on January 12, the regulator highlighted potential violations of local laws, specifically the Virtual Asset User Protection Act and the Capital Markets Act. This article examines the FSC’s warning and its implications
The recent approval of the Bitcoin spot ETF in the US has ignited a surge in cryptocurrency prices. Ethereum Classic (ETC), in particular, has seen a remarkable rally, soaring over 50% in the past seven days. After months of stagnation around $20, ETC is now hovering around $29.45, inching closer to reclaiming the $30 mark.