On February 25, 2023, Aya Miyaguchi ascended from her role as Executive Director to the President of the Ethereum Foundation (EF), a strategic shift she had contemplated for the past year. In her statement, she acknowledged the paradox of Ethereum’s strength emerging from its challenges, particularly highlighting its mixed performance and fluctuating market value. “Ethereum’s
Crypto
Recently, Bitcoin, the foremost cryptocurrency, experienced an astounding plunge, with its value sinking over 10% within a single day. This dramatic drop in valuation represented a staggering loss of $10,000 in USD. Such volatility sends shockwaves through the entire cryptocurrency market, impacting not only Bitcoin but also altcoins and other digital assets. During this tumultuous
In a notable movement within the cryptocurrency landscape, Grayscale Investments, a leading digital asset manager, has made headlines with its recent application for a spot Cardano (ADA) exchange-traded fund (ETF) in the United States. Officially submitted on February 10, this request has garnered the attention of the Securities and Exchange Commission (SEC), which has now
In recent days, Bitcoin (BTC) has witnessed a dramatic decline, shedding nearly 13% of its value and plunging to its lowest price point in over three months. As the primary cryptocurrency, Bitcoin’s price movements often reflect broader economic conditions and investor sentiment, making this downward trend particularly noteworthy. From an impressive near-record high of $99,400
Bitcoin has experienced a tumultuous 24 hours, leading to a price plunge that marks its lowest point since mid-January, settling just above $90,000. This decline represents a staggering drop of over $9,000 since it peaked at $99,500 on Friday, igniting concerns among investors and analysts alike. As a significant force in the cryptocurrency market, Bitcoin’s
Berachain, a layer 1 blockchain that mirrors the Ethereum Virtual Machine (EVM), has made headlines recently by achieving significant milestones in a remarkably short period. Just 20 days following its Mainnet launch, Berachain has not only established itself as a contender but has also overtaken high-profile blockchains like SUI, Avalanche, and Arbitrum by amassing a
The cryptocurrency landscape has once again been rocked by a significant security incident, as the stablecoin bank Infini fell victim to a massive theft exceeding $49 million in USDC. This breach, primarily attributed to the misuse of administrative privileges retained by a former developer, serves as a stark reminder of the vulnerabilities in the crypto
Bitcoin’s recent performance has raised eyebrows in the cryptocurrency space, as it has fallen below the crucial 100-day moving average, which currently stands at $98,000. This dip signals an increase in selling pressure, albeit accompanied by a notable decline in trading volume. Such low activity diminishes the possibility of significant price movements in the near
As the cryptocurrency market continually shifts, Bitcoin finds itself in a tumultuous situation, downtrending to below the $96,000 mark after showing some stability over the preceding weekend. This latest dip reflects a troubling trend that has left investors rattled, particularly after a week marked by volatility and uncertainty. Bitcoin’s struggles encapsulate the larger state of
Recent economic reports have unveiled significant vulnerabilities within the U.S. economy, as indicated by the service-sector PMI reaching its lowest point in over two years. This downturn sparks newfound scrutiny over the sustainability of economic growth. In the coming week, we are set to receive critical data on GDP and the Personal Consumption Expenditures (PCE)