Category Archive: Cryptocurrency, No picture
MANEKI and POPCAT soar by two digits while Bitcoin stumbles
Solana’s 10 largest meme coins by market cap are all showing gains in the last 24 hours, according to data aggregator CoinGecko. While Bitcoin (BTC) and major altcoins wobble, tokens such as POPCAT and MANEKI soar by two digits.The Chairman of the Federal Reserve, Jerome Powell, announced today that there will be no more interest […]
Web3 gaming aligns players and companies interests, says Delabs Games CEO
Blockchain gaming is seen as a hot narrative in crypto for 2024 by different industry players, such as Binance and CoinGecko. According to the latter, the total market cap of blockchain gaming tokens is over $18.6 billion.Delabs Games is one of the players building in this sector, focusing on an ecosystem built on the concept […]
Solana and Bitcoin NFT trading hits record numbers
Bitcoin and Solana non-fungible token (NFT) market registered records in daily active traders (DAT) last week, according to the research blog OurNetwork. While Solana reached its all-time high of 59,300 DAT, Bitcoin registered a peak of 25,600 DAT.Solana’s rising DAT number represents a fourfold increase from the approximately 15,000 daily traders earlier last week. The […]
Elliptic’s AI-driven research helps fight Bitcoin money laundering
Blockchain analytics firm Elliptic has made significant progress in using artificial intelligence (AI) to identify potential money laundering patterns on the Bitcoin blockchain.In a research paper co-authored with the MIT-IBM Watson AI Lab, Elliptic described its use of a deep learning model trained on a dataset of nearly 200 million transactions to detect illicit activity […]
Bitcoin’s correction might extend to $50,000: Standard Chartered
Stubborn inflation, the unlikelihood of near-term rate cuts, and cooling demand for spot Bitcoin exchange-traded funds (ETFs) – all of these factors could prolong Bitcoin’s price correction to $50,000, according to Standard Chartered. “BTC’s proper break below $60K has now reopened a route to the $50-52K range,” Geoffrey Kendrick, head of digital assets research at […]
Agora Raises $5M for solve ‘chaotic’ protocol governance
Agora, a cross-chain platform offering a new standard of governance tools for decentralized protocols, has raised $5 million in a seed funding round led by Haun Ventures. The round also saw participation from Coinbase Ventures, Seed Club Ventures, and Consensys Ventures, among others. Agora aims to help protocols organize their voting systems and tackle the […]
BlackRock’s BUIDL overtakes Franklin Templeton’s FOBXX in tokenized fund race
BlackRock’s USD Institutional Digital Liquidity Fund, known as BUIDL, has surpassed Franklin Templeton’s Franklin OnChain US Government Money Fund (FOBXX), to become the world’s largest equity tokenized fund, with $375 million in assets under management (AUM) as of April 30, according to data from Dune Analytics.As of April 28, Franklin Templeton’s FOBXX held the previous […]
Bitcoin momentarily drops below $57K hours ahead of Fed interest rate decision
In the lead-up to the upcoming Federal Reserve meeting, investor pessimism has significantly impacted the prices of Bitcoin and Ethereum.As of the time of writing, BTC has dropped 7.6%, and ETH is down 6% over the past 24 hours. The Bitcoin price is currently hovering around $57,000, while the Ethereum price is stuck at just […]
Celsius Network burns 94% of CEL token supply after bankruptcy exit
Celsius Network, a previously embattled cryptocurrency lending platform, has burned 652.2 million CEL tokens, representing 94% of the total token supply.The transaction, which took place on April 30, sent the tokens to a null address, effectively removing them from circulation.According to data from Etherscan, the burned tokens were valued at approximately $83.2 million based on […]
Bitcoin price wobbles ahead of Fed’s rate decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a […]
