Over the past weekend, there was a large-scale selling off in the cryptocurrency market, causing Cardano, a layer 1 blockchain, to experience a notable impact. The value of this asset dropped dramatically from its latest low of $0.624 down to $0.45, representing a decrease of approximately 30% within the week. With shifting market emotions and … Read more
Although there has been significant Bitcoin accumulation on cryptocurrency exchanges as indicated by on-chain activity, the desire for Bitcoin exchange-traded funds (ETFs) in the US seems to have slowed down over the past month, based on data from Ki Young Ju, the founder of CryptoQuant. This observation holds true even when disregarding transactions related to … Read more
Slothana, a memecoin based on the well-known Slerf character and built on the Solana platform, has generated buzz, amassing over $10 million during its crypto presale within just three weeks of being launched. The Slothana team has set a 14-day timer on their website, signaling that the official launch of the SLOTH token is slated … Read more
During the market downturn, some investors are now turning their attention towards specific alternative coins for purchasing, taking advantage of potential bargains and the chance to implement dollar-cost averaging (DCA) before the upcoming Bitcoin halving event. These alternative coins, including Ethereum (ETH), Shiba Inu (SHIB), Core (CORE), and Mantra (OM), are indicating more robust recoveries … Read more
Hut 8, a Bitcoin mining company based in North America, has made announcements about enhancing the efficiency of its Salt Creek mining site in Texas prior to the upcoming Bitcoin halving event. The company revealed these improvements in a statement on April 16. Based on the information provided, the miner activated one-third of its 63MW … Read more
Ripple, a company specializing in cross-border payments in the crypto sector, has issued a notice to XRP community members and the wider cryptocurrency audience. In this communication, Ripple alerts about potential risks related to cryptocurrency scams and offers essential guidance on recognizing and dodging such threats. Ripple Cautions About Scam Activities More recently on X … Read more
A well-known venture capital firm, Andreessen Horowitz (often referred to as a16z), has successfully finished a funding round, amassing a total of $7.2 billion during the process. a16z To Focus on American Dynamism and AI According to Axios, the original goal for a16z’s fundraiser was set at $6.9 billion. However, they managed to raise slightly … Read more
With increasing concern over America’s mounting debt, Galaxy Digital CEO Mike Novogratz issues a grave warning. He points out that among the 34 nations whose debt-to-GDP ratio hit 125%, just 33 were able to avoid restructuring their debts. Therefore, urgent action from the government is necessary to prevent a potential disaster. Novogratz strongly emphasizes the … Read more
John Deaton, a prominent supporter of XRP and cryptocurrency liberties, together with his current campaign for a US Senate seat, is reportedly pondering joining Coinbase’s legal team in their ongoing dispute with the Securities and Exchange Commission (SEC). This update comes as Coinbase applies for permission to bring an interlocutory appeal to the 2nd Circuit … Read more
The cryptocurrency market and Solana’s price are showing signs of a downturn. In the past month, Solana (SOL) experienced a greed period with 16 such days, leading to a drop of around 28% in its value. The last week has been particularly unfavorable for the “Ethereum challenger” token, resulting in a price decrease of over … Read more