The recent data from Cardano’s weekly development report indicates that the network has processed a total of 88.6 million transactions to date. This milestone is significant as it demonstrates the sustained network activity that could potentially have a positive impact on ADA’s price. One of the criticisms Cardano has faced in the past is being
The disconnect between policymakers and technology has led to a situation where regulations often overlook crucial aspects of emerging technologies such as blockchain and AI. Senator Cynthia Lummis has recognized the importance of innovation in the financial sector and introduced the Digital Asset Innovation Act to address these concerns. However, the approach taken by the
Bitcoin set a new all-time high price of $73,750 at the beginning of 2024, marking an incredible 73% gain in the first quarter of the year. Despite a subsequent decline in the value, the biggest stakeholders in Bitcoin have shown a consistent trend of accumulation throughout the first three months of the year. This accumulation
The Bitcoin halving event occurs approximately every four years and is designed to slow down the production of new BTC. By doing so, the goal is to ensure that the final BTC will be mined over a span of more than a hundred years. With over 19.6 million Bitcoins already in circulation, the reduction in
The world of cryptocurrency is constantly evolving, with new meme coins emerging as potential investment opportunities. Dogecoin (DOGE) may remain the undisputed king of the meme coins, but investors are now turning their attention to an exciting new player in the market – Sponge (SPONGE). With the potential for significant returns, Sponge is gaining popularity
FTX’s recent decision to sell its Solana holdings at a significant discount to crypto venture firms has not been well-received by its creditors. The move to offload 30 million SOL at a rate of $64 each, to VC firms like Pantera Capital and Galaxy Trading, represents a substantial 62% markdown from the current market price
Ethena Labs recently announced the incorporation of Bitcoin (BTC) as backing into their synthetic dollar-pegged offering, USDe. This strategic move aims to scale USDe’s supply beyond its current $2 billion mark. By highlighting the importance of BTC as a backing asset, Ethena Labs is looking to leverage BTC’s superior liquidity and scalability for delta hedging
Cardano (ADA) has once again captured the attention of cryptocurrency analysts, with a particular focus on its future trajectory. In a recent analysis, crypto analyst Alan Santana has presented a bearish narrative for the crypto token, suggesting that ADA’s price could potentially experience a significant drop. Santana pointed out that ADA’s recent breakout below the
Short-term Bitcoin holders have been actively accumulating Bitcoin since December 2023, with over 1.2 million BTC being acquired. The surge in interest can be attributed to various factors, such as the launch of Spot Bitcoin ETFs in the US, which garnered significant attention from investors. This increased interest has led to a bullish period for
Binance has recently announced that its NFT marketplace will no longer support Bitcoin Ordinal NFTs after April 18. This decision marks a significant change for users who will no longer be able to buy, deposit, bid on, or list these unique digital assets on the platform. The move to discontinue support for Bitcoin Ordinals comes