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
The cryptocurrency market experienced a dip recently, with Bonk (BONK) falling by 8% amidst a broader pullback led by Bitcoin (BTC) and Ethereum (ETH). While Bitcoin only dropped 2.3% and Ethereum fell around 4.3%, meme coins like Bonk, Dogecoin (DOGE), Pepe (PEPE), and Floki (FLOKI) absorbed heavier losses. Despite this, Bonk still managed to maintain
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
Yuga Labs, a prominent player in the crypto space, has recently made headlines with its restructuring initiative and layoffs. Despite its past success with the Bored Ape Yacht Club NFT project, the company is now faced with the challenge of staying relevant in a competitive market. The peak valuation of $4 billion and the acquisition
The recent SEC action against Uniswap has shed light on the regulatory uncertainties surrounding the DeFi space. The SEC’s allegations against Uniswap suggest that certain tokens traded on the platform may be considered securities, raising concerns about potential violations of federal securities laws. While Uniswap argues that it is merely a developer responsible for the
Google Cloud, the cloud computing service of tech giant Google, has recently introduced a new Web3 portal designed specifically for blockchain developers. This portal is intended to offer resources and assistance to developers interested in creating non-fungible tokens (NFTs) and decentralized applications (DApps). The Web3 portal, developed by Google Cloud, provides developers in the blockchain
In the world of cryptocurrency, the Bitcoin network has experienced a significant increase in trading activity following the recent halving event. While the halving itself garnered much attention, it is important to note that the surge in trading can be attributed to another factor altogether. Data from on-chain analytics platform IntoTheBlock reveals that daily BTC
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
Recent on-chain data has revealed a steady decline in high-value transactions within the Bitcoin network over the last few weeks. This slowdown in activity seems to be mirroring the struggles of the premier cryptocurrency in terms of price performance. Analysts have noted a decline in Bitcoin whale activity, with entities executing transactions worth more than
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
