The cryptocurrency market has been experiencing a bearish sentiment recently, causing concern among investors and traders. However, one crypto analyst, Elja on X, believes that Ethereum (ETH) will defy the current downtrend and reach an astonishing $15,000 by 2025. This bold prediction is based on technical analysis and the observation of a similar fractal pattern
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The Cardano network has once again proven its skeptics wrong by achieving a new milestone. Recent data from Cardano Blockchain Insights has revealed a significant increase in the usage of Cardano’s Plutus V1 and V2 scripts. Surpassing all expectations, a total of 24,050 smart contracts have been executed using these Plutus scripts as of January
Despite the Chinese government’s ban on Bitcoin since 2021, Chinese investors continue to show unwavering determination in their pursuit of the cryptocurrency. Dylan Run, a finance executive in Shanghai, exemplifies this trend, as he diversified his investment portfolio by venturing into Bitcoin in early 2023, seeking a safe haven from China’s economic uncertainties. While the
As the current market turmoil continues, the Bitcoin Fear & Greed Index has witnessed a sharp decline. This decline has led to the index reaching its lowest level in over three months. Crypto investors have become increasingly fearful, opting to hold their investments rather than engage in market activities. The Fear & Greed Index is
Phishing scams have become a prevalent issue in the world of cybersecurity, leaving users cautious about clicking on suspicious links or opening unfamiliar emails. Recently, there has been a significant increase in phishing attacks targeting web3 companies and their users. On January 23, users of Wallet Connect and other web3 companies received alarming news about
Bitcoin mining company Core Scientific has emerged from Chapter 11 bankruptcy with a reorganization plan that has significantly improved its financial standing. As part of the plan, the company has successfully reduced its debt by $400 million through the conversion of debt from equipment lenders and convertible note holders into equity. This move not only
Japan, known for its technologically advanced society, has been actively embracing and promoting blockchain technology through its Web3 policies. The country’s lawmakers, Masaaki Taira and Hideto Kawasaki, have recognized the significance and potential impact of Web3 and have expressed their intent to formulate national Web3 policies. With their forward-thinking approach, Japan is quickly emerging as
In a world faced with the pressing issue of climate change, it is heartening to see innovative projects emerging that aim to address environmental problems. One such project is eTuktuk, a groundbreaking crypto venture that focuses on improving urban transportation in developing nations while prioritizing sustainability and blockchain technology. eTuktuk seeks to tackle the environmental
With Bitcoin experiencing a 20% decrease from its year-to-date high, it is crucial to examine the broader picture of the cryptocurrency market. Specifically, the lawsuits filed against Coinbase and Binance in June 2023 have significant implications for the industry. These lawsuits question whether the crypto assets offered by these exchanges should be categorized as securities
An Ethereum (ETH) whale has recently executed a series of transactions, carrying out a considerable movement of funds across various platforms. The blockchain analytics platform Spot On Chain initially brought to light this activity, involving roughly $46.02 million in ETH tokens. The whale, operating through a network of eight wallets, initiated the withdrawal of these