Crypto news

The IMF has released its weakest global growth forecast in over 30 years as inflation, banking crises, and geopolitical problems bite hard.  The International Monetary Fund (IMF) recently published its most underwhelming medium-term global growth forecast in over 30 years. On Tuesday, the major United Nations (UN) financial agency expected global growth of 2.8% in 2023 and 3% in 2024. This forecast comes in slightly below what the IMF estimated in January as continued inflation and a...

Cihan Tuna Arslan is a world traveler, educator, and engineer, and at the heart of all his journeys has been cryptocurrency. Cihan Tuna Arslan on the Power of Crypto In a recent discussion, Arslan talked about his love for the space and said: Cryptocurrency is not money as it is known, but encrypted digital assets that are not dependent on any central authority and have a limited supply. This makes it a world-changing invention in creating a free and reliable money...

After a lengthy period of uncertainty, Bitcoin’s price has finally managed to break through a critical technical resistance level. This has led some investors to question whether the bear market has finally come to an end or if this recent rally is just a bull trap, a temporary rise in price. Technical Analysis By Shayan The Daily Chart Bitcoin has reached a significant and decisive resistance region of $30K, bringing back the bullish sentiment in the market. Now that the...

Ethereum’s Shanghai upgrade, also commonly referred to as Shapella (we’ll explain why below), is scheduled for April 12th. It’s the next major upgrade following Ethereum’s transition to Proof-of-Stake (a.k.a The Merge), and it will introduce a major mechanic change. The upgrade consists of a few Ethereum Improvement Proposals (EIPs), although most of the focus is on one particular. The EIPs in question are: EIP-3651: Warm COINBASE EIP-3855: PUSH0 instruction EIP-3860: Limit...

[PRESS RELEASE – Singapore, Singapore, April 11th, 2023] Cartesi (an application-specific rollup execution layer with a Linux runtime), is moving closer to its mainnet-ready stage with Cartesi Rollups. Alongside this, Cartesi’s ecosystem is set to enter a new era of development with exciting new initiatives currently underway. Decentralization Earlier this year, Cartesi launched its Community Grants Program (CGP), aimed at expanding the network of contributors building the...

MicroStrategy’s massive bitcoin investment has finally generated some paper profits for the business intelligence giant after the asset spiked above $30,000 for the first time since June 2022. The firm started its accumulation spree in the summer of 2020, spending around $4.17 billion to purchase a stash of 140,000 BTC. At the moment of writing these lines, the investment is finally in the green, at least on paper. Finally in the Green Bitcoin’s recent price surge beyond the...

The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year. MicroStrategy (NASDAQ: MSTR) is a major beneficiary in the latest Bitcoin rally that pushed the crypto asset’s price to a new level. While the crypto market was in the red, many crypto-related stocks. MicroStrategy, which Bitcoin holding is worth 140,000, had a tough time before the recent rally. The company bought its first Bitcoin in August 2020, adopting the top cryptocurrency as a...

Shiba Inu developers have announced that the Metaverse scheme will roll out at the end of 2023 as an “ongoing project”. According to Shiba Inu (SHIB) developers, the project’s planned metaverse will partially open by the end of 2023. Developers added that the ‘partial’ opening is because SHIB’s metaverse might not be fully completed on release. Instead, the upcoming decentralized universe will be an “ongoing project” that will keep onboarding new features and enhancements even after its...

Former Senator Pat Toomey of Pennsylvania – who ended his congressional career in early January of this year when he chose not to run for another term – recently offered his thoughts on the crypto space and the fall of FTX. Pat Toomey on FTX and Crypto In the interview, Toomey said that if Congress had taken the time to implement appropriate crypto legislation and monitor the space, FTX likely never would have existed on the scale that it did. He said: It’s not clear...

Just like blockchain technology, the emergence of AI is relatively new and the laws governing such innovations are notably limited. Chinese regulators, particularly the Cyberspace Administration of China (CAC) have floated a new set of guidelines that will oversee the development of ChatGPT-like Artificial Intelligence (AI) products from its homegrown companies. As reported by CNBC, the new guidelines will seek to promote the tenets of socialism across the board. The growth of Large...