Ethereum recorded bullish moves on Tuesday as Bitcoin revisited $17.5K for the initial time since 16 December. Market attitude toward United States inflation and expectations of soft economic landing backed riskier assets. Nevertheless, Ethereum witnessed red today as investors locked in profits following three optimistic sessions. Tuesday’s optimistic moves saw ETH gaining 1.21% to extend … Read more
Cryptocurrency companies continue to struggle in 2023’s first week, with businesses announcing notable layoffs and bankruptcy. So let us check what the year has had for the crypto space within the past seven days. Bitcoin (BTC) The distressing Texas winter storm in December last year forced BTC miners to return nearly 1.5K megawatts of power … Read more
The cryptocurrency market saw a slight recovery today, with the global market capitalization gaining 0.08% to $854.54 billion during this publication. Meanwhile, the past 24hrs had the cryptocurrency market volume at $35.30 billion, indicating a 7.14% decline. Meantime, the world’s leading digital coins, Bitcoin and Ethereum, noted slight gains of 0.13% & 0.14% to $17,033 … Read more
The leading crypto exchange FTX & its sister trading company Alameda Research filed for bankruptcy on 11 November. That came a week (7 November) after the founder of these companies, Sam Bankman-Fried, tweeted that FTX and investor assets were unbothered. Meanwhile, experts are still uncovering how the renowned exchange and its sister cryptocurrency firm fell. … Read more
Matter Labs, the innovation company driving the zkSync Ether amplification mechanism, has recently received an additional $200 million. The Pre-seed Team The Pre-seed investment is co-led by Blockchain Ventures and Dragonfly with participation from other big partners. Earlier in The month, the startup received money from major investors a16z, who led Matter Labs’ Round B. … Read more
One of the world’s largest DAOs (Decentralized Autonomous Organizations), Bybit group, has recorded a massive dumping of its token in three hours. Crypto community users dumped BITDAO following a sell-off move made by one of its largest holders, Almeda Research. Almeda Research Breaches Agreement With BITBY During the early hours of today, Bybit CEO Ben … Read more
Following the passing of the proposed MiCA by the EU in October, a top Binance official has assured that the proposed bill favors crypto exchanges in the region. This announcement has continued to generate positive reactions from crypto users and entities. MiCA Regulation, A Safe Space for Web3/Crypto Companies The EU has been in talks … Read more
Google would launch a cloud-based Node search engine for ETH developers, the company announced. It will be officially called Blockchain Node Engine, and it will offer fully managed services. Users will not be permitted to recruit their teams to evaluate or regulate their nodes. Properties of Google Cloud Node Engine Google uniquely designed the cloud … Read more
The world’s second-largest stock exchange has launched an ambitious drive to see the struggling crypto market reverse its dwindling market fortunes. Nasdaq Plans to Establish Digital Assets Units Bloomberg reported that the new crypto unit would cater to institutional investors’ demand for digital assets. Moreover, Nasdaq officials noted that the new department was established in … Read more
Following the induction of Ethereum’s Proof-of-Stake (PoS) Merge on the mainnet, some Proof-of-Work (PoW) supporters picked up tokens from PoW chains, which analysts claimed could be harmful. Ethereum on PoW Users Are Prone to Attack Post Merge The Kyber Network (KNC) team, an experienced Ethereum-based DeFi hub, posted a Twitter thread on replay attacks. The … Read more
