Cardano has recently shown signs of recovery, climbing above $0.45 and sparking hopes of a potential rally. However, not all analysts share this optimistic outlook. One crypto analyst, known as ‘More Crypto Online’, has expressed a bearish sentiment regarding ADA’s future trajectory. In a recent video on their YouTube channel, the analyst pointed out that
Ethereum has been experiencing a decline in its ETH burn rate, reaching an annual low in April. This reduction in burn rate is primarily attributed to the decrease in network transaction fees, which have dropped significantly in recent weeks. The daily burned ETH has seen a sharp decrease, signaling a shift in Ethereum’s economic model.
The recent crackdown by the Securities and Exchange Commission (SEC) on crypto firms has brought to light concerns about potential regulatory favoritism towards US crypto exchange Coinbase. Bitwise Investments CIO, Matt Hougan, pointed out in a social media post that the current regulatory environment may be inadvertently giving Coinbase an unfair advantage over its competitors.
Cryptocurrency analyst and trader Rekt Capital recently shared an intriguing observation about the price trend of Bitcoin. He pointed out that the current price action of Bitcoin seems to be mimicking a historical pattern from eight years ago, which occurred during a previous bull cycle. This revelation by Rekt Capital has sparked interest among traders
The world of cryptocurrencies is known for its volatility, and the recent launch of Friend.tech, a decentralized blockchain social network, is no exception. With the $FRIEND token experiencing sudden drops and fluctuations, it is clear that investors in this space need to be prepared for rapid changes in value. The $FRIEND token, which saw a
Robinhood’s crypto division recently found itself in hot water after receiving a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4th. The notice stemmed from the SEC’s investigation into Robinhood’s cryptocurrency listings, custody of cryptocurrencies, and platform operations, ultimately leading to a recommendation for an enforcement action against the company. Chief
Robinhood Markets Inc. has found itself in hot water with the Securities and Exchange Commission (SEC) as the latest crypto trading platform to receive a notice of potential legal action. The SEC disclosed a “preliminary determination” to recommend filing a lawsuit against Robinhood for alleged violations of Sections 15(a) and 17A of the Securities Exchange
In recent years, there has been a significant buzz around metaverse commerce, a rising trend where physical products are sold through virtual platforms. This concept has garnered even more attention with the recent announcement from retail giant Walmart to venture into selling products on the popular gaming platform, Roblox. Before we dive into Walmart’s strategic
The use of artificial intelligence (AI) in detecting money laundering within the realm of Bitcoin transactions has seen progress, according to the blockchain analytics company Elliptic. Collaborating with researchers from the MIT-IBM Watson AI Lab, Elliptic detailed their findings in a recent paper on leveraging deep learning models for this purpose. The successful identification of
The rise of meme coins in the crypto industry has sparked concerns among industry players like Chris Dixon from Andreessen Horowitz. Dixon questions the US regulatory system and why meme coins are thriving while other cryptocurrency companies and blockchain tokens with practical applications face regulatory hurdles. He highlights the absurdity of a system that allows
