Crypto news

Bitcoin’s price has been consolidating since early March, failing to continue its uptrend. Yet, the cryptocurrency might soon get back on track and create a new all-time high. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart On the daily chart, the Bitcoin price has been consolidating between the $60K and $70K levels over the past couple of weeks. The recent rejection from the $70K zone has driven it down toward the $60K support level. Yet, the level has held...

TL;DR Cat in a Dogs World (MEW), a meme coin on the Solana blockchain, has notably increased by 60% in a week, supported by new trading options on the OKX exchange and significant investments from large-scale investors. The potential for MEW to become the top Solana-based meme coin is uncertain, influenced by market trends and innovations. Despite its growth, the token’s success remains speculative with a current market cap significantly lower than the leading asset of that...

Bitcoin’s fourth halving, a highly anticipated event occurring every four years in the cryptocurrency realm, has finally occurred. This event, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC, marks a crucial moment in the industry. As a result, the daily issuance of Bitcoin has been slashed in half, now standing at around 450 Bitcoin compared to the previous approximately 900. This reduction will continue until around 2140, when the final BTC is mined. Why Does...

Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has announced the sale of the intellectual property rights for two of its games. This move is part of Yuga Labs’ previously declared commitment to refocus its organizational efforts. Yuga Labs Hands Over Gaming IPs to Faraway In an April 17 announcement on X, Yuga Labs revealed the decision to transfer the IP rights of HV-MTL and Legends of the Mara to Faraway. We have some exciting news to share. Our...

Binance executive Tigran Gambaryan remained entangled in a legal battle with Nigeria’s Economic and Financial Crimes Commission (EFCC) with his bail application hearing being postponed yet again. The Federal High Court in Abuja adjourned his case after the EFCC’s lawyer requested more time to respond to new issues Gambaryan’s defense team raised. Gambaryan’s Appeal Adjourned According to a local news report by Nairametrics, the presiding judge, Justice Emeka Nwite, consented...

It may sound counter-intuitive that a decentralized network can generate a profit, but that is exactly what Ethereum has done so far this year. According to an April 18 Token Terminal report, the Ethereum blockchain generated a $369 million profit in the first quarter of 2024. If this level of profit is sustained, the blockchain could generate around $1.5 billion for the year. ? BREAKING: The Ethereum blockchain generated a $369.08M profit in Q1 ‘24. Wait, what?! How can a...

With the Bitcoin (BTC) halving only hours away, analysts are at odds over whether the one-in-four-years event is already “priced in” to the crypto market. According to Bitwise CIO Matt Hougan, the answer is yes – but it comes with some important nuance. The Bitcoin Halving And Efficient Markets In a Twitter thread posted on Friday, Hougan acknowledged that the halving is both “well-known” and predictable for all market participants. Specifically, at block 840,000, the newly...

[PRESS RELEASE – Seychelles, Mahe, April 19th, 2024] ScapesMania, a new project in the blockchain space, is set to engage with the burgeoning casual gaming market, which is projected to reach $19.12 billion by 2027 according to industry forecasts. Overview of ScapesMania Inspired by successful blockchain gaming projects during previous bullish market cycles, ScapesMania combines traditional gaming experiences with blockchain technology, creating a dual Web2 and Web3...

TL;DR Shibarium, Shiba Inu’s layer-2 scaling solution, released a new update to improve user experience and platform speed. Since its launch, the network has achieved notable milestones, including over 400 million transactions and a recent surge in daily transactions, which may positively impact SHIB’s price. Shibarium Keeps Progressing The team behind Shiba Inu’s layer-2 scaling network – Shibarium – revealed the launch of a new user interface (UI) update, describing it as...

Bitcoin’s fall to $61,000 over the weekend was a result of market participants reducing their exposure to the digital asset ahead of the halving slated for April 20, according to the latest CryptoQuant weekly report. Analysts said traders closed their long positions to take profits, and now, the volume of sell orders in the perpetual futures markets is dominating buy orders. This is evident in the Buy Sell Ratio, which has declined below one. The ratio rallies above one when...