Month: October 2024

Ethereum (CRYPTO: ETH) co-founder, Vitalik Buterin, threw his support behind the cryptocurrency-based prediction market Polymarket, emphasizing its value in providing accurate information and preventing misinformation. What Happened: On Monday, Buterin argued in favor of the so-called decentralized prediction market that has grown in popularity this U.S. election season. The...

On-chain data shows the Bitcoin Mining Hashrate has remained at its recent lows, indicating that miners may not be confident about the coin’s rally. Bitcoin Mining Hashrate Has Moved Sideways Around Lows Recently The “Mining Hashrate” refers to a metric that keeps track of the total computing power miners...

A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members. ...

Japanese investment firm Metaplanet Inc. has boosted its Bitcoin (CRYPTO: BTC) portfolio, purchasing an additional 107.91 BTCs valued at around $6.92 million. What happened: The Tokyo Stock Exchange-listed firm disclosed its latest grab Tuesday, reaffirming its conviction in the world’s largest cryptocurrency’s potential.  *Metaplanet purchases additional 107.91 $BTC* pic.twitter.com/pPrRBGrJsC...

Following the recent price upswing in the price of Bitcoin, several factors like crowd sentiment have been considered to be the major reason for the surge. However, Axel Adler Jr a market expert has delved into the subject, noting that the recent and previous price spike is majorly attributed...

Memecoins created on the Solana (CRYPTO: SOL) blockchain withstood the overall market drop on Monday to post encouraging gains.  What happened: Dog-themed Bonk emerged as the best-performing billion-dollar capitalization meme coin in the last 24 hours and the third-best cryptocurrency overall, surging over 8%.  The token’s trading volume soared...

Global investment bank TD Cowen has predicted a slowdown in the advancement of cryptocurrency legislation, even as presidential candidates Donald Trump and Kamala Harris try to court supporters of the asset class through their election campaigns. What Happened: In a note released on Monday, TD Cowen stated that definitive...

Leading cryptocurrencies retraced Monday as geopolitical tensions escalated after Israel launched a military operation in Lebanon. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m. EDT) Bitcoin (CRYPTO: BTC) -2.99% $63,358.69 Ethereum (CRYPTO: ETH)                -1.03% $2,611.87 Dogecoin (CRYPTO: DOGE)           -6.84% $0.1148 What Happened: Bitcoin went downhill throughout the day, at...

Amid increasing discussions surrounding the crypto regulation landscape, a former senior official from China’s Ministry of Finance has urged the government to reconsider its stringent ban on virtual assets. According to a South China Morning Post report, Zhu Guangyao, vice minister from 2010 to 2018, highlighted the importance of...

Global crypto investment products have surged, recording $1.2 billion in net inflows over the past week. This marks the third consecutive week of positive inflows and a notable shift in market sentiment, as highlighted by the latest report from CoinShares, a leading digital asset investment firm. Coinshares revealed that...