Despite the recent approvals of spot Bitcoin ETFs and the influx of significant capital, the anticipated positive influence on Bitcoin’s price has yet to materialize. In fact, Bitcoin experienced a decline of more than 5% following the approvals last week. This contrasts with Ethereum, which recorded an almost 8% rise over the same period, despite
Crypto
Bitcoin mining can be a profitable venture, but it also comes with its fair share of risks and challenges. Recently, an unknown user made a costly mistake when they paid a transaction fee that was significantly higher than necessary. This error resulted in a fee of 4 BTC, equivalent to $172,000, for a transaction that
The recent actions taken by Celsius, a bankrupt lending firm, have garnered attention as the company transfers more than $125 million worth of Ether to crypto exchanges in an effort to repay its creditors. This move reflects the steps taken by other firms such as FTX and Alameda Research, which also resumed funds transfer activities
Chainlink’s native token, LINK, recently experienced a significant downturn, dropping below the crucial $13 support level due to speculations surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). However, the latest data suggests that LINK is now enjoying a “mild decoupling” from the rest of the altcoin
1inch, the popular DEX aggregator, experienced a significant surge in volumes and market dominance in the fourth quarter of last year. This article explores the factors behind its success and highlights the key findings from Messari’s report. According to Messari’s report, 1inch recorded over $30 billion in executed volume, solidifying its position as a dominant
Bitcoin (BTC) and Ethereum (ETH) are currently displaying a pattern reminiscent of previous years, during which their prices rose by significant margins, according to a recent research report by Coinbase Research and Glassnode. This observation highlights the cyclicality of the crypto market and draws parallels between the ongoing cycle and the period from 2018 to
Anthony Scaramucci, the founder and CEO of alternative asset management firm SkyBridge Capital, has expressed his belief that Bitcoin (BTC) will soar to new heights, surpassing its previous all-time high, before the end of 2024. In an interview with CNBC, Scaramucci highlighted the recent approval by the United States Securities and Exchange Commission (SEC) for
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
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