The recent reports suggesting a sharp decrease in the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks have sent shockwaves through the market. With only around 40 BTC available for sale at one point, the implications of this scarcity are significant and could potentially mark a new era in BTC trading dynamics. Market Observations and
Cardano (ADA) has made a significant price breakout, surging to $0.710 on Thursday for the first time since May 2022. This breakout marks a pivotal moment for ADA as it emerges from a prolonged consolidation phase that spanned the latter part of 2023 and the beginning of 2024. With this surge, ADA now sets its
MixMob, a gaming platform on the Solana blockchain, has taken a unique approach to bringing the beloved Stormtrooper character to life in their game Racer 1. What sets this collaboration apart is the fact that it was not secured through the traditional channels of Disney or Lucasfilm. Instead, MixMob has partnered with the original prop
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has recently reached a settlement with the New York Department of Financial Services (NYDFS) to return over $1.1 billion to customers affected by the collapse of its Gemini Earn Program. This agreement also includes a $40 million contribution to Genesis Global Capital’s bankruptcy proceedings and
Justin Sun, the co-founder of Tron, a smart contracting platform for decentralized applications (dapps), has once again caught the attention of the cryptocurrency community by shuffling millions of dollars. According to Lookonchain data on February 29, Sun transferred 100 million USDT to Binance shortly after moving substantial sums earlier in the week. This comes after
The landscape of the cryptocurrency world is constantly evolving, with new technologies emerging to address the limitations of existing blockchain networks. While Bitcoin has long been hailed as the king of cryptocurrencies, its scalability issues have hindered its ability to compete with more advanced platforms like Ethereum. However, recent developments in Layer-2 scaling solutions are
The Chief Executive Officer (CEO) of Bitwise, Hunter Horsley, has made waves in the cryptocurrency community with his bold prediction of Bitcoin reaching $250,000 in the near future. This optimistic outlook has garnered attention from investors and enthusiasts alike, as Horsley foresees the cryptocurrency surpassing its current price of $62,000 by more than four times.
The gaming industry has long been dominated by popular trading card games like Hearthstone and Magic: The Gathering. However, a new player has entered the arena – Parallel, an NFT trading card game that offers a fresh take on traditional gameplay. With its captivating space opera setting and unique gameplay elements, Parallel has been making
The partnership between Ripple and the Axelar Foundation is set to revolutionize the XRP Ledger ecosystem by boosting interoperability and advancing tokenization of real-world assets. This collaboration aims to strengthen the DeFi ecosystem within the XRP Ledger by providing essential liquidity for stablecoins and high-value assets. Leveraging the Axelar network with the XRPL will allow
With Bitcoin surpassing $61,000 for the first time since November 2021, the cryptocurrency market is experiencing a significant rally. The price of Bitcoin has risen by 7% in just one day and is up by 18% for the week. This surge in Bitcoin’s price is driven by a high demand for spot Bitcoin ETFs from