As crypto markets show signs of recovery, investors need to keep a close eye on key economic events in the United States that could impact market sentiment. The Federal Reserve’s key inflation metric is set to be released, which could potentially influence monetary policy decisions moving forward. Additionally, reports such as new home sales figures,
Crypto
The recent Bitcoin halving event has had a significant impact on the cryptocurrency industry by reducing the miners’ block rewards by half. This has effectively decreased the daily issuance of BTC, leading to a potential price rally. The halving, which occurs approximately every four years, plays a crucial role in Bitcoin’s supply system and inflation
In the first quarter of 2024, the NFT trading space experienced a significant surge in volumes, reaching a total of $4.7 billion across the top 10 marketplaces. Leading the pack was Blur, which recorded $1.5 billion in volume and captured a 27.6% market share. However, Magic Eden emerged as a major competitor, surpassing Blur in
MicroStrategy founder Michael Saylor has been strategic in his approach to selling shares of his company, with a carefully planned stock-sale agreement put in place. Over the past four months, Saylor has sold up to 370,000 shares, amounting to a staggering $372.7 million in value. This falls under the terms of an agreement made last
Following a period of corrective retracements, Ethereum has found support within a crucial zone that includes the 100-day moving average at $3050 and the price range between the 0.5 ($3190) and 0.618 ($2972) Fibonacci levels. This area is significant as it attracts demand and may prevent further downward pressure from sellers. Additionally, a minor bullish
Bitcoin’s fourth halving has recently taken place, marking a significant event in the cryptocurrency industry. This halving has reduced the Bitcoin block reward from 6.25 BTC to 3.125 BTC, ultimately impacting the daily issuance of Bitcoin by cutting it in half to around 450 Bitcoin. This reduction will continue until the final BTC is mined
After being banned by the Indian government, Binance has agreed to pay a penalty of $2 million in order to re-enter the Indian market. This move comes with the understanding that Binance will now have to comply with existing regulatory frameworks such as the Prevention of Money Laundering Act (PMLA) and the taxation framework for
Bitcoin miners are currently facing a tough time as the fourth Bitcoin halving approaches, scheduled for later this week. The halving will cut mining rewards by half to 3.125 BTC, valued at roughly $200,000. As a result, key players in the Bitcoin mining industry like Marathon Digital (MARA) and Riot Blockchain (RIOT) have seen significant
Recently, the social media account of well-known actor Tom Holland was compromised by hackers. With an impressive following of over 7 million users, the attackers took advantage of Holland’s platform to promote a fraudulent cryptocurrency and NFT scheme. This incident raises concerns about the security of high-profile individuals on social media platforms, highlighting the potential
Ethena has made headlines in the world of decentralized finance (DeFi) with its launch of the USDe stablecoin protocol on the Ethereum blockchain. Touted as a censorship-resistant and scalable form of digital money pegged to the US dollar, USDe has quickly gained popularity, with its market capitalization surpassing $2 billion in a relatively short period
