The year 2024 has been a remarkable year for Ethereum (ETH), with a significant rise in price action of nearly 100% in the first quarter. Not only has the price surged, but the Ethereum blockchain has also generated profits of up to $369 million during this period. This unexpected profitability has led to questions about
Cryptocurrency analyst Trend Rider has recently highlighted the potential for Cardano (ADA) to undergo a substantial price rally in the near future. According to Trend Rider’s analysis, there is a possibility for Cardano to reach as high as $3 once this rally occurs. The analyst pointed out that if history repeats itself, Cardano may be
The recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand regarding a proposed ban on algorithmic stablecoins has sparked controversy within the crypto industry. Industry experts, including former Blockchain Association member Jake Chervinsky, have criticized the Lummis-Gillibrand Payment Stablecoin Act as “deeply flawed.” Chervinsky expressed concerns that the bill would only allow
With the ongoing fluctuations in the cryptocurrency market, Bitcoin’s price has recently surged by 1.7% within a 24-hour period, reaching above the $62,000 mark. However, cautionary warnings from CryptoQuant have suggested that Bitcoin could potentially face a significant downturn to $52,000 if specific key levels are breached. The analysis from CryptoQuant emphasizes the declining open
The recent decline in the price of Bitcoin Cash (BCH) has left many investors feeling uncertain about the future of this popular payments-focused cryptocurrency. Over the last week, BCH has experienced a 20% drop in value, trading at $484 as of the latest update. This downward trend seems to be in line with the broader
Binance, one of the leading cryptocurrency exchanges, recently completed the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin. This move was aimed at enhancing the security and stability of the assets held in the SAFU fund. By transferring 100% of SAFU’s assets to the USDC stablecoin, Binance aims
Bitcoin miners are currently facing a significant drop in stock prices as the fourth Bitcoin halving is just around the corner. Marathon Digital (MARA) and Riot Blockchain (RIOT), two major players in the Bitcoin mining industry, have experienced a sharp decline of approximately 53% and 54%, respectively, from their peak values earlier this year in
Yuga Labs has made a strategic decision to sell two of its gaming intellectual properties, HV-MTL and Legends of the Mara, to Faraway, a renowned Web3 gaming studio. This move is aimed at allowing Yuga Labs to concentrate its efforts on the development of its two major projects, Otherside and Dookey Dash. The shift in
The recent hacking of Tom Holland’s Instagram account, with over 7 million followers, has raised significant concerns. The attackers utilized his platform to promote a fraudulent cryptocurrency and NFT scheme, which could potentially mislead and deceive his fans. By announcing a partnership with Binance and launching fake “Spiderverse” tokens, the hackers aimed to take advantage
Cryptocurrency markets are experiencing a downward trend, with both Bitcoin (BTC) and Ether (ETH) seeing significant drops from their recent peaks. This has led to a decrease in ETF flows and a bearish outlook for major cryptos. As a result, crypto investors are exploring alternative investment strategies to mitigate risks and seek higher returns. One