The recent drop in Bitcoin’s price below the $59,000 support level has caused concern in the cryptocurrency market. This price dip led to liquidations in the futures market, prompting analysts to warn of a potential further decline without a market capitulation. While $120 million in liquidated long positions was reported by CryptoQuant, it is important
Rep. Maxine Waters has put forth a proposal to nominate Ms. Kristin Johnson for the role of Assistant Secretary for Financial Institutions at the US Department of Treasury. This recommendation is based on Johnson’s track record as a Commissioner of the US Commodity Futures Trading Commission (CFTC). Johnson’s Qualifications Rep. Waters highlighted Johnson’s extensive expertise
MicroStrategy recently introduced a new Bitcoin-based strategy aimed at combating online spam. This strategy, known as “MicroStrategy Orange,” is an open-source decentralized identity solution built on Bitcoin. The platform is designed to provide an enterprise-grade platform for implementing Decentralized Digital Identifiers (DIDs) across organizations. One of the core services of the platform is “Orange for
Crypto prediction website Telegaon has shed some light on the potential future of Cardano (ADA) by suggesting that it could reach $45 in the year 2050. This price target represents a significant 8.900% price gain from its current level, making it an attractive proposition for ADA holders who have been disappointed by the token’s recent
During a recent Town Hall meeting at Otherside, the partnership between Yuga Labs and Improbable was revealed, causing a wave of excitement within the community. This collaboration will result in Otherside being migrated onto Improbable’s MSquared network, offering a plethora of potential benefits for players and developers alike. Otherside, created by Yuga Labs, is a
Coinbase, a leading cryptocurrency exchange, surprised investors by reporting revenues of $1.64 billion in the first quarter of the year, exceeding the expected amount of $1.34 billion. The company’s earnings per share also saw a significant improvement, standing at $4.40, far surpassing the average analyst estimate of $1.09. However, it is important to note that
The rise of Web3 technology has paved the way for unprecedented levels of creativity and innovation in the digital space. One standout pioneer in this realm is Imaginary Ones, a cutting-edge blockchain-based platform that seamlessly blends art, storytelling, and community engagement. Through their groundbreaking approach, Imaginary Ones has managed to captivate audiences and make a
The recent market-wide crash in the cryptocurrency space has brought the Bitcoin price below $60,000, triggering a 20% decline. This has exposed crucial support levels for Bitcoin, with the most significant support now identified at $51,800 by the crypto analyst Norok. According to Norok, this support level, last seen in December 2023, is essential for
The current state of the crypto market is experiencing a significant pullback, driven primarily by the frenzy surrounding meme coins and the excitement over the launch of spot Bitcoin ETFs. Economist and trader Alex Krüger recently shared his perspective on the unusual crypto market cycle that has unfolded. He noted that meme coins have taken
In the last 24 hours, the meme coin Dogecoin ($DOGE) has experienced a 7% increase in value, positioning it as one of the quickest recovering cryptocurrencies after a recent market crash. Despite this recovery, DOGE is still trading at $0.1317, which reflects a 12% decrease from its value a week ago. On the other hand,