Santiment’s data indicated a dramatic surge in Ethereum transaction volumes within the past 48 hours. Furthermore, the ETH network saw address experiencing losses reaching a new all-time high, a bearish move for the alt. Do these massive losses imply an impending relief rally or more pain for market players? News shows the ETH Merge will…
Instagram has a strategy to incorporate NFTs (non-fungible tokens) from prominent venues like Solana, Flow, Ethereum, and Polygon, according to the reports. The social media forum is expected to declare a pilot project by the coming Monday. As per the report, the focus of the venue will be on a specific team of NFT supporters…
Following a three-year-long debate regarding the formation of a task force that would oversee crypto as well as blockchain-based initiatives, Spencer Cox (Utah’s governor) inked a bill to establish the Blockchain and Digital Innovation Task Force. Firstly, at the beginning of this February, the bill went through many senates and fiscal actions for two months…
With its efforts to provide a much better intelligence system, the Coinbase Crypto exchange moves towards introducing new solutions to handle risks more effectively. Popular crypto exchange, Coinbase very recently revealed a brand-new collection of tools and solutions named as “Coinbase Intelligence” to facilitate all kinds of businesses, financial firms, Law makers and individuals who…
People from the three prominent cities of China have started recompensing for social security, stamp duty, as well as taxes with the utilization of the CBDC (central bank digital currency) of the country, the e-CNY (digital yuan). As per a native new report, several government organizations across Zhejiang province (situated in Shanghai’s south) are at…
The crypto market has been on a freefall over the past seven days, with the leading digital asset dipping to a 16-month low. Even though BTC has recovered and made some gains, it is still nowhere near its peak price, which it attained last November. However, Cardano founder, Charles Hoskinson, has shared his insights regarding…
No digital token traded in the green amid Thursday’s early hours. Bitcoin dropped 10%, while Ethereum noted an 18% nosedive. Meanwhile, the altcoin marketplace bled severely. The crypto market suffered today as the global economy battled multiple factors. The stablecoins’ unstable algorithmic hurt sentiment in the crypto market, whereas U.S dollar-tied tokens see ‘de-pegs,’ dragging…
Tezos price analysis reveals a pessimistic market sentiment. XTZ’s current support stands at $2.45. The alternative token trades at $2.49. Tezos (XTZ) is among the multiple alts that suffered severely during the latest market-wide crash. The token dropped more than 3% within the previous day, currently trading beneath the $2.5 level. Meanwhile, the altcoin exhibited…
Top cryptos, Bitcoin and Ethereum, failed to regain vital levels following colossal liquidations. While writing this content, BTC changed hands beyond $31K, while Ethereum trades near the $2.4K level. For now, the crypto market attempts recoveries from the latest bloodbath. The ongoing bearishness had alts such as DOGE, LINK, and FTT gravitating toward yearly/monthly lows…
Goldman Sachs has launched its initial BTC (Bitcoin)-supported loan, as included in a prominent move toward the organizational crypto adoption across Wall Street. Bloomberg was told by a Goldman spokeswoman that the banking institution (that operates in several countries) has lent cash which is collateralized by BTC in the possession of the borrower as the…
The digital euro’s development will continue as the Eurosystem and ECB (European Central Bank) have started pursuing firms to take part in a project for the prototyping of payments services for consumers. the providers of payment services, banks, as well as the rest of the relevant firms were requested to speak their interest in the…
Polygon (MATIC) maintained a long-term surge as it printed a 6-month-long rising wedge and touched its all-time high on December 27. However, the landscape changed as the alt saw downtrends while presenting a discouraging relationship with the Exponential Moving Average ribbons. As the prevailing plunging wedge drop nears the long-term footing at $0.961, bulls would…
Bitcoin’s landscape sees extreme fear again after the latest retracement, which data suggests whales are behind the downside spiral. The Fear & Greed index plummeted into the extreme fear region as Bitcoin declined. Moreover, the metric never explored such poor conditions since late January, when the bellwether crypto plummeted to $33,000. Fear in Front Seat…
Texas’s crypto-friendly city Fort Worth will commence with Bitcoin mining by utilizing three mining rigs of Bitmain Andminer S9 that are donated on the behalf of the Texas Blockchain Council. The city mayor is of the view that mined Bitcoin could offset the operational charges, which will be a part of the balance sheet of…
According to a tweet posted by the official Wanchain Twitter account, Cardano’s parent company IOHK is now working with Wanchain to introduce further interoperability. Wanchain and Cardano Team Cardano’s quest towards interoperability is now seeing significant progress as its parent company, IOHK has developed a partnership with Wanchain to bring interoperability between the Cardano mainnet,…
As the network progresses on solving issues related to the Bitcoin transactions, it has been seeing a massive rise in usage. Perks of the Lightning Network The Lightning Network continues its path towards becoming the top network associated with the blockchain, hosted by the current king of cryptocurrencies, Bitcoin. The network has provided many ways…
The biggest crypto exchange across the globe introduced its exclusive service named Binance Refugee Crypto Card. The respective service is for the present as well as the upcoming consumers of the platform from Ukraine, that were compelled to migrate to some other nations because of the army clash between Russia and Ukraine. The card service…
NFT Plazas has officially launched the first-ever advert system that will allow users to display their designed billboards in the virtual world. The innovative invention is the first of its kind and it is created to enable millions of business brands that are in various decentralized worlds to make their presence known via a prolific…
On Friday, the developers from Axie Infinity can now have fresh air because the leading crypto exchange across the globe, Binance, disclosed its recovery of a few of the funds swindled in the Axie Infinity exploit, making the victims hopeful for the future. Leading exchange restores funds from Axie exploit Changpeng Zhao (the CEO of…
Polygon (scaling solution for Ethereum) has introduced a unique network for the development of Web3, promising an amount of nearly $100 million for the initial consumers who can assist in speeding up the adoption. The developers, with the Polygon Supernet chain, are enabled to construct their programs in an adaptable atmosphere with no requirement for…