Recently, Ripple’s XRP experienced a significant drop of 20% amidst a market downturn that saw the global cryptocurrency market capitalization plummet to around $2.4 trillion. This decline led to substantial liquidations, especially impacting long traders. Despite the dip in XRP’s price to approximately $0.48, some analysts view this as a buying opportunity rather than a
In the emerging world of Web3, the debate over data ownership and transparency is gaining momentum. While the blockchain technology offers transparency and immutability, there is a growing concern about individual ownership of personal data. Striking a balance between the two seems like a daunting task. The call for power to the people resonates strongly,
The price of Bitcoin faced a sharp decline over the weekend as reports of Iran launching missile and drone attacks on Israel shook the market. This sudden turn of events led to a significant selloff not only in Bitcoin but also in other major cryptocurrencies. Iran’s drone attack on Israel was said to be in
In 2023, despite an overall decline in venture capital activity, Bitcoin startups saw a significant increase in funding. A report from Trammell Venture Partners (TVP) revealed that the number of pre-seed deals for Bitcoin-native companies skyrocketed by 360% the previous year. Additionally, the number of funded Bitcoin companies grew by 56.9%. TVP defines a “Bitcoin
The introduction of Spot Bitcoin ETFs has had a significant impact on the price of Bitcoin and other cryptocurrencies. Institutional demand has been unlocked, leading to a surge in the price of Bitcoin. However, recent tensions between Iran and Israel have caused Bitcoin to drop in value, erasing weeks of gains. Since the beginning of
Bitcoin Layer 2 solutions have become increasingly popular this year as a way to enhance scalability and transaction efficiency. However, not everyone is on board with this trend. Mempool founder Mononaut and Bitcoin Ordinals founder Casey Rodarmor have both raised concerns about the efficacy of these solutions. Mononaut, in particular, has pointed out several drawbacks
Over the weekend, the cryptocurrency market experienced a tumultuous and painful evening as Bitcoin’s price took a significant hit, plummeting by an alarming five thousand dollars to a multi-week low of approximately $61,000. This drastic drop in Bitcoin’s value had a ripple effect on the alternative coins, causing numerous double-digit price declines across the board.
EigenLayer recently made waves in the crypto world with the launch of EigenDA, the first Available Validator Service on the Ethereum mainnet. This groundbreaking move has seen over 4.1 million ETH being restaked on EigenLayer, showcasing the platform’s growing popularity among Ethereum validators. The platform boasts an impressive statistic, with 70% of all new Ethereum
The past few weekends have been relatively stable for Bitcoin and the cryptocurrency market as a whole. However, the recent weekend witnessed a significant shift in dynamics. This sudden change in market behavior can be attributed to various factors ranging from statements made by US Federal Reserve officials to reports of potential geopolitical tensions. Market
The ICB Network, which was launched on April 1, 2024, introduces a groundbreaking approach to blockchain technology with its innovative Layer-1 project. At the heart of the platform’s architecture is the implementation of the Proof of Stake (PoS) consensus mechanism. This strategic choice sets ICB Network apart from traditional Proof of Work (PoW) systems by
