Recently, the Bitcoin testnet experienced a griefing attack that led to a surge in network activity, resulting in the generation of an unprecedented number of blocks. The attack, carried out by Jameson Lopp, co-founder and Chief Security Officer of Casa, caused over 165,000 blocks to be generated in just one week, which is equivalent to
House Financial Services Committee Chairman Patrick McHenry recently accused SEC Chair Gary Gensler of misleading Congress regarding the classification of Ethereum during his testimony in April 2023. This accusation has brought to light escalating tensions over the regulatory approach to digital assets in recent months. Some industry participants have even gone as far as filing
Crypto analyst Benjamin Cowen has made predictions about when Ethereum, the second-largest cryptocurrency, will hit bottom against Bitcoin. His forecast is based on comparing the current market dynamics to those seen in 2019. Cowen points out that the recent bounce in the ETH/BTC ratio resembles the market behavior in 2019, specifically before the Federal Reserve
Cryptocurrency analyst Ali Martinez recently highlighted the significance of the $59,800 price level for Bitcoin’s future trajectory. According to Martinez, this price level is crucial as it historically serves as a bounce-off point during uptrends. If Bitcoin were to drop to $59,800, it could spark a massive pump in the flagship cryptocurrency. However, Martinez also
Cryptocurrency analyst and trader Lark Davis has highlighted several significant developments in the Bitcoin ecosystem that could potentially lead to a more intense bull cycle than previously expected. These changes include factors such as institutional and global acceptance, which have the potential to drive the current bull market further. One key aspect that Davis pointed
In a bold move towards embracing Web3 technology, Mastercard has introduced the limited-edition Mastercard Music Pass NFT. This innovative pass serves as a key component of the second season of the Artist Accelerator program, designed to provide aspiring musicians with the latest tools and technologies to enhance their music creation, promotion, and monetization skills. Through
In the rapidly evolving world of meme coins, cat-themed tokens have been gaining immense popularity. One such token, Nezuko Cat (NEZUKO), has recently experienced an astonishing 8,000% surge overnight, sparking interest and frenzy among retail investors. The success of NEZUKO can be attributed to its unique tokenomics, which includes ongoing token buy-backs for holders, setting
The native token for Ethereum Layer 2 scaling solution Optimism (OP) has seen a 4% decrease in the last 24 hours, reflecting a wider market pullback that has particularly impacted Layer 2 tokens. The current trading price for Optimism sits at $2.39, marking a 1% decline in the past hour. Over the last 24 hours,
The launch of the Motoko Sentinels collection just before the Bitcoin Halving was a significant event in the world of non-fungible tokens (NFTs). This collection, featured on Bioniq Marketplace, demonstrated the advantages of an ordinal collection in a high Bitcoin fee environment. While the overall ordinal volume experienced a decline of over 58% in the
Crypto analyst DonAlt has recently discussed a scenario where the Bitcoin price could potentially drop to as low as the mid-$40,000 range. This price breakdown, as suggested by DonAlt, might be necessary for the continuation of BTC’s bull run. In his analysis, DonAlt noted that Bitcoin has dropped back to around the $60,000 price range