The market performance of Ethereum has been nothing short of remarkable in recent months. With increased buying activity and a surge in market optimism, Ethereum has continued to break through resistance levels and ignite a rally that shows no signs of slowing down. As the second-largest cryptocurrency with a market valuation of $285 billion, Ethereum’s
Binance, one of the world’s leading cryptocurrency exchanges, has experienced a significant decline in its Bitcoin balance in November. According to the latest proof of reserves report, the exchange’s Bitcoin holdings dropped by over 23,000 BTC, or roughly 4%. This decline coincided with Binance’s ongoing regulatory issues with U.S. authorities, which have put the platform
In a surprising turn of events, major cryptocurrency exchange Binance has recently withdrawn its application for certain operations in Abu Dhabi. This decision comes after the regulator, Abu Dhabi Global Market (ADGM), set conditions that Binance must meet in order to carry out these operations. While Binance’s spokesperson emphasized their commitment to working with regulators,
The price of Bitcoin has recently slowed down its ascend after a week of smashing critical resistance levels. However, despite the temporary pause, many experts believe that the rally is only in its early stages, with BTC preparing to see further profits in the coming months. As of this writing, the cryptocurrency trades at $43,300,
The cost of buying Bitcoin (BTC) has surged to record highs, and at the same time, the cost of moving it has also reached unprecedented levels. On-chain data reveals that the price for Bitcoin block space has touched an all-time high in BTC terms, primarily driven by the immense demand created by Ordinals transactions. Bitcoin
Versatus Labs, a pioneering peer-to-peer web service protocol, has raised an impressive $2.3 million in seed round funding. This successful funding round brings the company’s valuation to an impressive $50 million. Led by prominent investors in the Web3 industry, including NGC Ventures and Republic Crypto, this investment aims to further develop the Verastus LASR. This
The UK Financial Conduct Authority (FCA) has recently added Poloniex, a cryptocurrency exchange associated with Justin Sun, to its warning list. The FCA has raised concerns about Poloniex promoting financial services without proper authorization. This article examines the FCA’s actions and the potential consequences for the exchange. In a December 6 update, the FCA stated
Polygon, a leading Ethereum layer-2 scaling solution, is set to undergo a major transformation in 2024 with the release of its highly anticipated Polygon 2.0. Co-founder Jordi Baylina believes that this upgrade will mark a significant milestone for the platform, as it aims to connect and integrate its various networks through the implementation of zero-knowledge
JPMorgan CEO Jamie Dimon recently drew significant criticism from the crypto community after stating that the “only true use case” for Bitcoin and cryptocurrency is to facilitate criminal activities. Dimon made these remarks during a hearing before the United States Banking Committee on December 5. His strong statement calling for the government to shut down
In the ever-evolving world of gaming, a new genre has emerged that combines digital asset ownership and entertainment – NFT games. Among this exciting new wave of gaming experiences, one title stands out as a rising star: Parallel. This sci-fi trading card game not only pushes the boundaries of technology and art but also delivers
