The recent dip in the value of meme coins, particularly Bonk (BONK), can be attributed to the overall market pullback triggered by the leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH). Bonk experienced an 8% decline, significantly higher than Bitcoin’s 2.3% drop and Ethereum’s 4.3% decrease. This trend indicates the high volatility of meme coins compared
After the recent halving event, Bitcoin experienced a dip in price to $62,500, causing concern among traders. However, analysts are still optimistic about a potential rally in the near future. Factors such as financial institutions’ involvement and historical trends suggest that Bitcoin may be poised for a significant surge. The halving event, which reduces mining
DeFi, which has been gaining traction in the financial world, is now facing regulatory scrutiny from the SEC. The recent action against Uniswap by the SEC has raised valid concerns within the DeFi community about the future of this innovative sector. The issue at hand revolves around the trading of tokens on decentralized platforms like
Google Cloud, known for its cloud computing services, recently made waves in the blockchain community with the launch of its new Web3 portal. This portal is specifically designed to cater to blockchain developers interested in creating non-fungible tokens (NFTs) and decentralized applications (DApps). The Web3 portal offers a wide range of resources and support for
Yuga Labs, a prominent player in the crypto space known for its Bored Ape Yacht Club NFT project, recently announced a major restructuring initiative that includes layoffs. The decision comes at a time when the company’s peak valuation of $4 billion seems to be a thing of the past. CEO Greg Solano, who took over
The recent Bitcoin halving event has had a significant impact on miner revenue, particularly in terms of transaction fees. Following the halving, which occurred last Friday, miner block rewards were reduced by half to 3.125 bitcoins (BTC). This resulted in a sharp decline in daily issuance from an average of 900 BTC to 450 BTC.
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.