The Bitcoin network has experienced a significant increase in trading activity following the recent halving event. While the halving did bring attention to Bitcoin, the surge in trading activity can be primarily attributed to the introduction of a new token standard known as Runes. Data from on-chain analytics platform IntoTheBlock reveals that the number of
Recent on-chain data reveals a concerning trend for the Bitcoin network – a steady decline in high-value transactions over the past few weeks. This decrease in activity has been reflected in the price of Bitcoin, which has struggled to break out of consolidation throughout the month of April. Despite several attempts to surpass the $67,000
Upbit, a leading cryptocurrency platform in South Korea, has established itself as a dominant player in the country’s crypto market. Responsible for over 80% of the trading activity in South Korea, Upbit has also been ranked among the world’s top five exchanges in terms of trading volume. However, the platform’s dominance has raised concerns and
Institutional investors in Canada have shown a significant increase in their exposure to cryptocurrency in the past year, according to a recent survey by KPMG. The consulting firm’s bi-annual survey, titled “Institutional Adoption of Cryptoassets,” received responses from 65 participants, which included 31 institutional investors managing assets over $500 million and 34 financial services organizations.
The cryptocurrency market is buzzing with excitement as a deep learning model has forecasted a significant price surge for Bitcoin in the near future. According to CryptoQuant, a prominent blockchain analytics platform, Bitcoin could potentially hit an all-time high of $77,000 within the next 30 days. This prediction has sparked optimism among investors, who have
In the realm of cryptocurrencies, meme coins have been on the rise, especially during the latest bull cycle. The market capitalization of this sector briefly surged past $60 billion, driven by popular assets like Dogecoin (DOGE) and Shiba Inu (SHIB). These two coins alone account for over 60% of the market capitalization, with DOGE and
Crypto expert Peter Brandt has recently speculated that the Bitcoin top for this market cycle may have already been reached. His analysis is based on what he calls the “exponential decay” thesis, which he believes could actually benefit the Bitcoin ecosystem in the long run. Brandt’s theory revolves around the idea that Bitcoin’s percentage gain
The emergence of ARdinals has revolutionized the digital collectibles industry by bridging the gap between physical reality and the virtual world. Through augmented reality experiences, users can now interact with their digital artifacts in ways never thought possible before. The ARdinals platform offers a unique opportunity for creators and collectors to engage with their collections
Recently, the Bitcoin network hit a milestone with its daily transactions peaking at 927,000. This surpasses the previous record set in December 2023, showcasing a surge in interest and utility in cryptocurrencies. The launch of Runes, a new token standard on the Bitcoin blockchain, has played a significant role in driving this increase. Since its
Verasity, known for its ad-tech solutions and the $VRA token, has recently joined forces with Creo Engine, a rapidly growing web3 gaming platform. This collaboration aims to integrate VeraViews’ video player functionality and in-game rewards into Creo Play’s extensive gaming library. According to Verasity CEO RJ Mark, this partnership is just the beginning of many