The recent passing of a bill by the Russian State Duma to legalize Bitcoin mining and allow the use of cryptocurrencies for international trade represents a significant shift in the country’s approach to digital assets. The legislation, which is set to take effect on Sept. 1 pending final approval, aims to address the challenges faced
The recent repayments initiated by the defunct crypto exchange, Mt. Gox, to creditors affected by the 2014 hack have sparked significant discussion within the crypto community. While fears of a potential market dump were prevalent, the behavior of Mt. Gox creditors has been quite unexpected. Contrary to concerns about a mass sell-off of Bitcoin, an
The long-awaited introduction of Ethereum ETFs has finally materialized, creating a significant shift in the landscape for Ethereum and other altcoins. With industry experts and enthusiasts closely monitoring the market, there is a growing anticipation of how these developments could potentially impact Ethereum’s price trajectory in the coming months. Renowned crypto analyst Doctor Profit has
The recent announcement by crypto exchange Bitstamp regarding the return of recovered digital assets to creditors of the defunct Mt. Gox exchange marks a significant milestone in the decade-long effort to compensate those affected by the infamous 2014 hack that ultimately led to Mt. Gox’s collapse. This development signifies progress in the restitution process and
Ethereum’s price has been consolidating above the 100 and 200-day moving averages, indicating a bullish trend in the market. The recent breakout above the critical 100-day moving average at $3,354 has led to sideways fluctuation, suggesting an equilibrium between buyers and sellers. However, the launch of spot ETH ETFs and a net inflow of $106.6
Solend, the Solana-based lending protocol, has taken a significant step forward by rebranding to Save and launching its new platform at save.finance. This strategic evolution goes beyond just changing the name; it aims to provide a wider range of financial services for the Solana community. The platform has introduced three new products to cater to
Igloo, Inc., the parent company of the popular NFT brand Pudgy Penguins, has recently closed an impressive $11 million in funding to support the development of its new Ethereum layer-2 scaling network, known as ‘Abstract’. This significant investment marks a major milestone in the company’s journey towards blockchain innovation. The funding round was led by
Shiba Inu (SHIB) has experienced a notable drop of 13% in the past week, leading to concerns among analysts regarding its potential for further decline in the short term. According to industry participants, the current downtrend could intensify if SHIB fails to maintain its price within the $0.0000185-$0.0000164 range. Speculations suggest that a breach of
The partnership between Atari and Coinbase marks a significant shift in the world of gaming, aiming to reinvent classic video games such as Asteroids and Breakout with the use of blockchain technology. By leveraging the blockchain as a tool to eliminate middlemen, the collaboration ensures that game sale proceeds reach the developers directly. This groundbreaking
The introduction of Spot Ethereum ETFs in the United States on July 23 marked a significant milestone for the crypto asset market. Grayscale’s Ethereum Trust (ETHE) saw a staggering $484 million loss on the first day of trading, sparking concerns among investors and analysts alike. This initial dip in performance was expected, reflecting a similar
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