The International Monetary Fund (IMF) is considering lending El Salvador $1.4 billion, but as a condition, they’re asking the Central American country to reevaluate its Bitcoin law. El Salvador Loan Demands and IMF Demand The loan negotiations between El Salvador and the IMF have been ongoing for an extended timeframe in order to enable El … Read more
Based on information from blockchain intelligence firms Arkham Intelligence and Breadcrumbs, Yuga Labs, the company behind the popular NFT collection Bored Ape Yacht Club (BAYC), has reportedly been transferring royalties to a wallet linked to FTX US. This wallet, with the address 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1, is now associated with the bankrupt cryptocurrency exchange, FTX US. Over the … Read more
In April, the crypto market exhibited unclear signs, making it difficult for investors to determine the best course of action. With no clear trend in sight, they are left perplexed about which altcoins to purchase and which to offload. This is a significant time for numerous investors as the Bitcoin halving, which typically happens about … Read more
Mike Novogratz, CEO of Galaxy Digital, highlighted a recent post by Reddit’s co-founder Alexis Ohanian on the X social media platform. In his post, Ohanian discussed the intriguing intersection of artificial intelligence (AI) and blockchain technology, as perceived by Novogratz. Based on Ohanian’s perspective, one technology has become essential due to the overwhelming presence of … Read more
In the midst of a wider market decline, the Chainlink price has been gradually correcting, as indicated by the lower highs in the daily chart. This correction appears to have formed a descending triangle pattern during analysis of the daily chart. With market instability fueling this bearish pattern, there’s a possibility for an extended drop … Read more
Notable news: HashKey Group, running one of Hong Kong’s two authorized cryptocurrency exchanges, revealed a partnership with The Open Network (TON) – the blockchain platform developed by Telegram Messenger. The South China Morning Post states that the collaboration intends to provide a means for individuals in the Asia-Pacific area to swap Toncoin for cash, thereby … Read more
Alexis Ohanian, co-founder of Reddit, has put forth an intriguing idea about the future clash between Artificial Intelligence (AI) and blockchain technology. The Alexis Ohanian Thesis Based on the American internet entrepreneur’s perspective, AI and blockchain technology are set to intersect and subsequently strengthen one another. He derived this idea from the interconnected nature of … Read more
The cryptocurrency market is still facing a correction, according to CoinStats. SHIB/USD The price of SHIB has declined by 1.89% since yesterday. Although the price of SHIB dropped today, it seems poised to head lower as it approaches its previous support of $0.00002662. If the bar is located close to the point where the price … Read more
Previously employed as a security specialist, Shakeeb Ahmed now faces a three-year prison term for orchestrating the theft of approximately $12 million from two digital currency platforms. The sentence was handed down by a federal judge who additionally mandated three years of post-release supervision. Details of the Crypto Exchange Hacks Shakeeb Ahmed was arrested and … Read more
The price of Terra Classic’s LUNC coin has dropped slightly in the last 24 hours, reflecting a bland cryptocurrency market where not much is happening. The token began trading today on a bearish note, adding to the apathy among investors due to upcoming Bitcoin halving this month. Recently, there’s been growing interest in LUNC among … Read more