In recent years, there has been a significant increase in interest in metaverse commerce. This emerging trend involves the sale of physical goods through virtual platforms. The metaverse is essentially a virtual world where users can interact in real-time through avatars. It acts as a parallel universe within the internet, allowing people to socialize, play
Blockchain analytics company Elliptic has recently announced significant progress in utilizing artificial intelligence (AI) to detect money laundering in Bitcoin. Through a collaboration with researchers from the MIT-IBM Watson AI Lab, Elliptic has been able to identify illicit proceeds deposited at cryptocurrency exchanges, uncover new patterns of money laundering transactions, and identify previously unknown illegal
The surge in popularity of meme coins in the crypto market has sparked concerns among industry players regarding the regulatory environment. Chris Dixon, a general partner at Andreessen Horowitz (a16z), has questioned the US regulatory system’s approach to meme coins and their thriving existence. He highlighted the disparity between meme coins, which are primarily used
Recently, Cardano founder Charles Hoskinson hinted at the possibility of teaming up with Bitcoin Cash (BCH) to enhance the performance of both cryptocurrencies. In a poll posted by Hoskinson on X, he proposed utilizing technologies like proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology to optimize the capabilities of Bitcoin
Recently, six Coinbase customers took legal action against the popular cryptocurrency exchange, Coinbase Global, as well as its subsidiaries Coinbase, Inc. and Coinbase Asset Management, LLC. The lawsuit, filed on May 5, accuses Coinbase of listing digital assets that are considered securities. Among the tokens mentioned are Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland
Cardano (ADA) seems to be experiencing a lackluster price action at the moment, but analyst Ali Martinez has shared his belief that the crypto might be gearing up for a parabolic run. Martinez discussed an intricate price analysis on social media, pointing out that ADA’s current price formation is showing signs of a potential comeback
Bitcoin has recently demonstrated its resilience by bouncing back above the $60,000 price zone following a dip below $57,000. Market expert Peter Brandt predicts that Bitcoin could reach a six-figure digit value by 2025, emphasizing the asset’s uniqueness compared to other commodities and cryptocurrencies. The Trade of a Lifetime Brandt describes Bitcoin as a “once-in-a-lifetime
The crypto research platform 10x Research recently highlighted the increase in Bitcoin’s Relative Strength to 40%. They delved into the potential moves that the flagship cryptocurrency might undertake in the near future. In their newsletter titled “Fake Dip?”, 10x Research pointed out that historically, Bitcoin has exhibited possible rallies when its Relative Strength Index (RSI)
Financial technology giant Block, under the leadership of X co-founder Jack Dorsey, recently announced a groundbreaking decision to invest 10% of profits from bitcoin-related products into monthly BTC purchases. In a Q1 2024 earnings report directed at shareholders, Dorsey outlined the rationale behind this move. He emphasized the unique position of bitcoin as the paramount
Coinbase, the leading cryptocurrency exchange in the United States, has recently reported its earnings for the first quarter of 2024. The numbers are truly remarkable, with the company posting a total revenue of $1.6 billion, a substantial 72% increase from the previous quarter. This outstanding performance can be attributed to the surge in cryptocurrency prices