Crypto news

In yet another eventful and painful evening trading on Saturday, Bitcoin’s price tumbled by another five grand to a multi-week low of around $61,000. The alternative coins were hit even harder, with numerous double-digit price declines. The main culprit for this crash was the rising tension between Iran and Israel. BTC’s Rollercoaster Continues It was just 48 hours ago when BTC’s price hovered calmly above $70,000, and it even challenged $71,000, but to no avail. Yet, the...

The highly anticipated Dencun fork on March 13th has significantly boosted the adoption of Layer 2 solutions on Ethereum. This was evidenced by the surge in increased activity post-upgrade. Intotheblock’s latest analysis revealed a similar trend as it noted a surge in the number of transactions on Ethereum’s layer 2 solutions after the Dencun upgrade. The statistics indicate a staggering 196% rise in transactions settled on the leading layer 2 platforms, climbing 5.67 million...

The crypto market is an exciting roller coaster ride. Now, this digital currency is on the rise again. Bitcoin recently surged to an impressive $70,965 fueled by the increasing demand due to the approaching halving events. The whole crypto market is blooming owing to Bitgert’s ripple effect. Newly launched coins like BEFE, BRISE and CENX are also showcasing a fascinating edge in the market. BEFE Launched in Nov 2023 as Blockchain Ecosystem for Everyone, BEFE...

Scaling through the cryptocurrency market has been disturbing; this week, there is an amazing opportunity in BEFE, BITGERT, and CENX. BEFE, BITGERT, and CENX have offered many unique features for investors seeking growth and profitability in their investments, including staking, efficiency in trading, low trading fees, and more. We can see that this week has been an excellent week for BEFE, BITGERT and CENX. This has much to do with their standing solid community...

On April 9, the EigenLayer team announced that the platform’s EigenDA, the first Available Validator Service, had launched on the Ethereum mainnet. The team added that over 4.1 million ETH had been restaked on EigenLayer, and over the past few weeks, 70% of all new Ethereum validators restaked to the platform. Moreover, restakers can now delegate their entire stake to an operator that has opted in to run available validator services like EigenDA. Announcing: EigenLayer ♾...

Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods, such as the stablecoin Tether (USDT), to evade sanctions and sustain its military operations. The hearing, titled “Countering Illicit Finance, Terrorism, and Sanctions Evasion,” marks the committee’s second discussion on the topic within the last six months. Russia Employs Tether to Evade Sanctions In his testimony, Ademayo...

The cryptocurrency markets plummeted on Friday evening, and the same violent scenario was repeated once again on Saturday. The entire market has bled out, with another $200 billion leaving the space. The total liquidations have skyrocketed to $700 million after the $900 million last night. BTCUSD. Source: TradingViewIt was all going well for the primary cryptocurrency until Friday evening, as the asset had calmed at around $70,000-$71,000. However, the situation changed...

Despite network outages, Solana has witnessed a flurry of projects launched on top of its blockchain. Such a trend typically depicts a growing demand. But the latest report paints a different picture. These fraudsters were found to be capitalizing on users’ heightened risk appetite, fueled by FOMO amidst a market-wide resurgence. In a report shared with CryptoPotato, blockchain security company Blockaid revealed that 50% of recent pre-sale token launches on Solana have been...

Over the past decade or so, countries around the world have resorted to seizing cryptocurrencies. The United States government stands at the forefront, boasting crypto holdings of almost $15.27 billion. This substantial stash includes 212.847k BTC and 45.654k ETH. US Leads with Holdings of $15.27B Silk Road is perhaps the most infamous case where the US government seized approximately 144,336 BTC in 2013. Silk Road was an online black market known for facilitating the sale of...

TL;DR Bitcoin’s market cap may reach $3 trillion post-halving, driven by several important factors. Opinions on BTC’s future value vary, with optimistic projections as high as $100K, alongside broader industry growth expectations led by figures like Ripple’s CEO. The Halving’s Possible Impact Bitcoin’s market capitalization recently reached an all-time high of over $1.43 trillion, with the figure currently standing at around $1.32 trillion. The asset’s price performance has...