Despite fears that the upcoming Mt. Gox repayments could trigger a Bitcoin price collapse, experts believe the impact may be minimal. Repayments and Market Concerns Starting in July, Mt. Gox, a defunct crypto exchange, will distribute 142,000 BTC (approximately $9 billion) to creditors. This news sent shockwaves through the market, leading to over $313 million…
Influx of Stakers Over the past month, Ethereum staking has witnessed a remarkable surge, with nearly 60,000 unique depositors joining the network. This growth aligns with the positive sentiment surrounding Ethereum as it approaches July. Impact of Spot Ethereum ETFs The surge in staking participation coincides with increased approval odds for Spot Ethereum ETFs by…
Shiba Inu’s team member, Lucie, has highlighted the core strengths that make SHIB a formidable player in the crypto world: Community and Ecosystem Shiba Inu’s vibrant community and diverse ecosystem provide a solid foundation for its growth. Strategic Partnerships Lucie emphasizes the team’s relentless pursuit of strategic partnerships to expand SHIB’s reach and enhance its…
Cash-to-Crypto Convenience Bitcoin ATMs are on the rise, making cryptocurrency more accessible than ever. From just 10,000 in 2020, there are now over 38,000 ATMs worldwide. These machines allow users to buy crypto with cash, removing the need for bank accounts or online exchanges. This is especially beneficial for those who are unbanked or prefer…
Sony, the tech giant, has made a bold move into the crypto world by acquiring Amber Japan, a subsidiary of Amber Group. This acquisition is part of Sony’s plan to expand into the growing Web3 and digital asset market. Sony’s Crypto Journey Amber Japan, formerly known as DeCurret, was acquired by Amber Group in 2022…
The price of CRV, the cryptocurrency used on the CurveDAO lending platform, has plummeted to near record lows. This comes after a large sale of CRV by a major investor, or “whale,” on the Binance exchange. Whale Deposits Millions in CRV Blockchain analytics firm Lookonchain reports that a whale deposited over $6 million worth of…
A renowned crypto trader believes that a Solana-based memecoin, Dogwifhat (WIF), has reached its lowest point and is poised for growth. WIF Bottom Reached Analyst Bluntz, known for his accurate altcoin predictions, shared his analysis with his followers. He believes that WIF has experienced a significant correction, dropping 70% from its peak of $4.83. However,…
Truist Bank, one of the largest banks in the US, is facing a lawsuit over a data breach that exposed sensitive information of its customers. The Breach In October, hackers compromised Truist Bank’s security systems and obtained data from 65,000 account holders, including: Full names Account numbers Transaction history Balances Allegations of Negligence The lawsuit…
Despite Coinbase’s announcement that it will not support the token merger between Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNet (AGIX), Fetch.ai CEO Humayun Sheikh has confirmed that the merger will still take place. No Action Required for FET Holders Sheikh urged FET holders to “do nothing” as the merger is already in progress. He emphasized…
Amidst the recent crypto market downturn, Bitcoin miners are reportedly exploring alternative cryptocurrencies to hedge against the falling prices. Hashprice Hits Record Low According to Ki Young Ju, CEO of CryptoQuant, Bitcoin’s hashprice has reached an all-time low. This metric measures the expected earnings from a given amount of hashing power. The low hashprice is…
