The cryptocurrency market has been facing dire conditions, with the past few hours witnessing a significant downturn. Bitcoin, the leading cryptocurrency, dropped to a multi-month low of around $57,000, signaling a bearish trend in the market. This decline has been mirrored by altcoins, resulting in major losses across the board. In the last 36 hours,
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In a recent announcement on April 30, Ripple revealed its strategic partnership with HashKey Group, marking a significant milestone in their collaboration with the financial services giant SBI Group. This joint venture, specifically with HashKey DX, a specialized consulting firm based in Tokyo, aims to introduce cutting-edge XRP Ledger (XRPL) enterprise solutions to the Japanese
A recent griefing attack on the Bitcoin testnet caused chaos within the network, resulting in a surge of activity that generated over 165,000 blocks in just one week. The attack, orchestrated by Jameson Lopp, Chief Security Officer of Casa, sparked controversy and debates within the Bitcoin community. Lopp described the attack as a “trivial exploit”
Bitcoin has recently experienced a significant drop of more than 15% from its mid-March peak, reaching a ten-day low of under $62,000. Analysts from ‘Stockmoney Lizards’ have noted that even though the halving is over, Bitcoin continues to display a bearish trend with red candles. This has raised concerns among investors about whether this marks
Following the recent halving, Bitcoin took a nosedive to $62,500, causing concern among traders and investors. However, experts are optimistic about a potential rally in the near future driven by the increased involvement of financial institutions and historical patterns. The halving event, which reduces miner rewards by half, has historically been a precursor to a
The recent halving event in the Bitcoin network had a significant impact on the revenue generated by miners from transaction fees. According to a report by CryptoQuant, the portion of miner revenue coming from transaction fees has dropped to 35% from a high of 75% on April 19. This decline showcases the volatility and unpredictability
Upbit, a prominent cryptocurrency platform based in South Korea, has solidified its position as a major player in the global cryptocurrency exchange market. Responsible for over 80% of the country’s trading activity, Upbit has risen to become one of the top five exchanges worldwide in terms of trading volume. This significant market share has garnered
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets, marking a substantial shift compared to the previous bull market cycle. A recent survey conducted by the accounting firm KPMG revealed that 39% of institutional investors reported having direct or indirect exposure to crypto assets in 2023, a notable increase from 31% in
The meme coin sector has been experiencing a significant surge in growth, especially during the latest bull cycle. This surge has seen the market capitalization of meme coins briefly surpass $60 billion. Leading the pack are popular assets such as Dogecoin (DOGE) and Shiba Inu (SHIB), which have remained trending among investors. Alongside these established
In a significant milestone for the Bitcoin network, daily transactions have reached an all-time high of 927,000, surpassing the previous record set in December 2023. This surge in transaction activity can be attributed to the introduction of Runes, a new token standard on the Bitcoin blockchain. Since its launch following the April 20 halving, Runes
