Crypto news

Namada said it is its Switzerland-based non-profit arm, the Namada Foundation that will be in charge of issuing out the NAM tokens that will be airdropped to OSMO holders. Namada Blockchain, a privacy-centric protocol built on the Cosmos Network, is looking at solidifying its presence in the industry with a partnership pitch to Osmosis (OSMO). As reported by Coindesk, Namada co-founder Christopher Goes is exploring a jointly funded grants program to bankroll software “public goods”. The...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price seems to be forming a support base above the $0.355 level against the US Dollar. The price is now trading above $0.365 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.362 on the 4-hour chart (data feed via Coinbase). The price could...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ethereum price is eyeing an upside break above the $1,850 resistance against the US Dollar. ETH price is now trading above $1,750 and the 55 simple moving average (4 hours). There was a break above a key contracting triangle with resistance near $1,820 on the 4-hour chart (data feed from Coinbase). The pair...

Shanghai-based cryptocurrency exchange – Hotbit – announced its decision to stop all its operations starting May 22. The team behind the platform believes centralized exchanges are “becoming increasingly cumbersome.” It further added that the highly complex and interconnected businesses are difficult to comply with, whether for compliance or decentralization and are “unlikely to meet long-term trends.” The crypto exchange explained that successive collapses of large...

The Digital Currency Group (DCG) has been dealing with financial turmoil for several months now. Mostly, its financial issues are due to the liquidity crisis that one of its owned companies, Genesis, is facing. Internal and External Disputes Although the financial problems of the DCG Group primarily boil down to the predicament Genesis is in, some creditors – Gemini chief among them – believe the main culprit is the CEO of the DCG Group, Barry Silbert. According to the...

Ethereum co-founder Vitalik Buterin has warned against ‘”overloading” Ethereum’s social consensus – which, if discouraged or resisted – could bring “high systemic risks to the ecosystem.” While admitting the “natural urge” to try to extend the Ethereum blockchain’s core functionality, Buterin added that such actions could end up making the consensus layer more fragile. Risks of Overloading Consensus Layer Over the years, several proposals have emerged suggesting the use of...

In the dynamic world of cryptocurrencies, where innovation and volatility often go hand in hand, certain events have the power to send shockwaves through the entire industry. From groundbreaking partnerships to catastrophic crashes, the crypto realm has witnessed its fair share of astonishing moments that have left investors, enthusiasts, and skeptics alike in awe. In this article, we’ll take a walk through memory lane, reviewing eight extraordinary events that have not only...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin has been on a roll since the beginning of the year. The world’s number one digital currency has recently reached a price of about $30K per unit (for the first time in about ten or 11 months), and it seems like 2023 is set to be a year of healing for the asset. Now, Mike Novogratz – a bitcoin bull and...

The Bitcoin Tower will be a center that will host blockchain conferences and also promote AI and cryptocurrency initiatives. The upcoming COP28 Summit scheduled for Dubai has inspired the construction of a Bitcoin Tower, a Bitcoin-shaped and Bitcoin-themed hotel in the heart of the United Arab Emirates city. 40-story Monument to Bitcoin The Bitcoin Tower will be a 40-story architectural monument that will represent the values that Bitcoin has bestowed on mankind. A May 21 release by...

Banking powerhouse JPMorgan recently increased its 2023 revenue target by $3 billion on improved operational prospects.  JPMorgan Chase (NYSE: JPM) has increased its 2023 key revenue target to $84 billion following its acquisition of First Republic earlier this month. The New York-based banking giant revealed the projected performance at an investor presentation Monday which should last throughout the day. Details of JPMorgan Revenue Target Development The new JPMorgan revenue target is...