In the ever-evolving realm of cryptocurrency, Bitcoin, the pioneering digital currency, has recently faced a downturn, slipping beneath the $43,000 threshold. This decline mirrors the broader crypto market, which experienced a 0.25% dip in its global market cap, now totaling $1.61 trillion. This shift coincides with the release of the US Consumer Price Index, impacting […]
The Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase’s request for tailored regulations for digital assets. In a two-page response, the SEC stated that the requested rulemaking was currently unwarranted and denied Coinbase’s petition. SEC Chair Gary Gensler emphasized that the regulator already possesses sufficient authority under existing statutes to govern crypto asset […]
A judge in Ontario, Canada, has issued an arrest warrant for Ryan Rumble, an accomplice of Aiden Pleterski, known as Canada’s “crypto-king,” for his involvement in an eight-figure crypto investment scam. The warrant comes as part of a class action lawsuit filed earlier this year, alleging that Rumble’s investment management firm, Banknote Capital, directed nearly […]
In the wake of a dominant performance in the 2023 Formula 1 season, the Red Bull Formula 1 team has introduced an exclusive NFT collection on the Sui blockchain. The team’s press release on Friday revealed that fans would have a limited-time opportunity to mint these collectibles for free exclusively on Sui, the official blockchain […]
In a remarkable display of trading prowess, a user known as @LawliettesLab has transformed an initial investment of $16,000 into a staggering $10,800,000 by capitalizing on the recent surge in the BONK! ($BONK) token price. The trader shared a tweet screenshot showcasing unrealized profits and losses on ByBit, highlighting a 6x leveraged bet on $BONK. […]
The total value locked in real-world assets has witnessed a remarkable 700% surge year-to-date (YTD) in tandem with the overall growth in decentralized finance (DeFi) figures throughout 2023, underscoring the ongoing bullish sentiment in the market. CCData’s recent market report reveals the robust strength in the market, marking a shift from the bearish trends seen […]
Renewable Bitcoin mining company Iris Energy has acquired 1.6 EH/s of Bitmain T21 miners, increasing its self-mining capacity to 10 EH/s. The acquisition, costing $22.3 million at $14/TH, is part of Iris Energy’s plan to enhance overall fleet efficiency from 29.5 J/TH to 24.8 J/TH. Before this acquisition, Iris Energy had ordered Bitmain S21 miners […]
Bitcoin (BTC) is displaying a key short-term technical pattern, forming a pennant structure that suggests extreme volatility ahead. The pattern, characterized by higher lows and lower highs, indicates potential quick movements towards $38,000 or $48,000 depending on its breakout direction. In the current consolidation phase from year-to-date highs near $45,000, if BTC breaks below the […]
Cardano (ADA), the #8 ranked cryptocurrency, recently experienced a -3% drop in price despite a notable resurgence in the ecosystem’s valuation. The ecosystem’s tokens reached a new all-time high at $450 million, signaling a robust recovery. However, concerns arise as ADA price slips. Currently trading around $0.635, ADA has faced resistance around $0.675, triggering the […]
Investment firm cyber.Fund, recognized for early support of Ethereum (ETH), has committed $100 million to projects at the convergence of blockchain technology, artificial intelligence (AI), and the Internet of Things (IoT). cyber.Fund, known for previous investments in Cosmos, Solana, and Polkadot, aims to cultivate the growth of the “cybernetic economy,” where blockchain serves as the […]
