The recent network outage on Solana, lasting five hours, had a significant impact on investor confidence. This outage was caused by a bug that led to transactions entering an infinite loop, ultimately affecting the network’s functionality. As a result, investment products tied to Solana saw outflows totaling $3 million in just the past week. This
Recent analysis by Bloomberg suggests that Bitcoin ETFs could potentially surpass gold ETFs in terms of assets under management within the next two years. Despite being only six weeks old, Bitcoin ETFs have already attracted over $8 billion in inflows, while gold ETFs have seen a significant decline in assets in recent weeks. As of
Despite the looming bearish speculations surrounding Bitcoin, Crypto Jelle, a prominent cryptocurrency analyst, has made a bold prediction on social media platform X. He emphasized that the negative sentiments and discussions about potential pullbacks and corrections do not alter the bigger picture for BTC. Jelle’s advice to investors is to “stick to the plan,” as
A group of Senate Republicans, led by Senator Ted Cruz of Texas, is taking legislative steps to restrict the Fed’s capacity to introduce a central bank digital currency (CBDC). This move spotlights the issue as a potential focal point in the 2024 presidential campaign discussions. The proposed bill, named the Central Bank Digital Currency Anti-Surveillance
The cryptocurrency market is constantly evolving, with new and innovative projects emerging every day. One such project that has caught the attention of investors is Scotty the AI ($SCOTTY), a dog-inspired meme coin that is gaining popularity due to its potential for high returns. Unlike established coins like Shiba Inu, Scotty the AI is being
Ethereum has been on a significant upward trajectory recently, surpassing key resistance levels and breaking through the $3K mark. This surge in price indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer inspection of the daily chart,
Frog Wif Hat Token ($FWIF) has recently made its debut on the Uniswap decentralized exchange, quickly gaining attention and momentum in the crypto space. With a staggering price pump of 226%, $FWIF is positioning itself to become the next big meme coin to capture the imagination of crypto enthusiasts. The token has generated buzz due
The Hong Kong-based cryptocurrency exchange BitForex has raised concerns among users after its website and trading application were suspended on February 23. This suspension has left users unable to withdraw their funds or access the exchange for several days. BitForex, which boasted a trading volume of over $2 billion as recently as February 24, has
The Saudi Ministry of Culture, droppGroup, and Oracle have unveiled the groundbreaking ‘Cultural Universe’, a national Metaverse project aimed at delving into the diverse culture and heritage of Saudi Arabia. This initiative, powered by cutting-edge technology such as GMI AI system, droppPhygital, and Hyperledger Fabric 2.5 blockchain, was officially launched on February 22nd in conjunction
The recent series of large Ethereum (ETH) purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent, has sparked speculation within the cryptocurrency community. The suspected wallet has acquired a total of 168,369 ETH, worth approximately $487 million, in just two weeks from both centralized exchanges