Uniswap and Across Collaborate Despite facing an SEC investigation, Uniswap Labs has teamed up with Across to propose a new standard for cross-chain transactions. This standard aims to make it easier for users to transfer assets and interact with protocols across different blockchains. Intent-Based Systems Uniswap Labs believes that intent-based systems are a more efficient…
Hashrate Nears All-Time High The total computing power used by Bitcoin miners has climbed to near-record levels, a sign of increased network security. This “hashrate” is crucial for preventing malicious attacks on the blockchain. Difficulty Adjustment As the hashrate rises, the Bitcoin network automatically adjusts its difficulty to maintain a steady block production rate. This…
Investigation Abruptly Closed Fortune Magazine recently reported that the Securities and Exchange Commission (SEC) investigated Dapper Labs, a prominent NFT company, until September 2023. However, the investigation was abruptly closed, leaving many questions unanswered. Reasons for Investigation Unclear The SEC has not disclosed the reasons for the investigation, its duration, or why it was closed….
A crypto trader has made a fortune on a Solana-based memecoin called Jeo Boden (BODEN). Initial Investment Two days after BODEN’s launch, the trader bought 12.08 million tokens for $530,000 worth of SOL. Profitable Sales On April 6th and 9th, the trader sold 9.08 million BODEN for $4.06 million, netting a profit of $3.53 million….
A popular crypto analyst believes a key factor could send Bitcoin soaring past $100,000. ETF Inflows: A Bullish Signal Nicholas Merten, host of DataDash, suggests that if inflows into Bitcoin exchange-traded funds (ETFs) remain around 20,000 BTC per week, it could trigger a significant upward move. “Tens of thousands of Bitcoin being purchased weekly into…
A popular crypto trader believes Cardano (ADA), a rival to Ethereum (ETH), is poised for a massive surge of over 190%. Fractal Pattern Analysis Analyst Ali Martinez analyzed ADA’s price movements and identified a pattern similar to one observed from 2018 to 2021. According to Martinez, if this pattern continues, ADA could consolidate between $0.55…
Cryptocurrency analyst Kevin Svenson is optimistic about Bitcoin’s future, citing the breakout of the Relative Strength Index (RSI) indicator on the daily chart. RSI Breakout: End of Bearish Trend The RSI is a momentum indicator that measures overbought and oversold conditions. Svenson notes that the RSI has broken out of its downtrend, signaling the end…
Massive Increase in Burned Tokens Shiba Inu’s burn rate has seen a dramatic surge, with over 87 million tokens burned in the past 24 hours. This represents a whopping 48,554% increase! Two Large Transactions Drive Surge The surge was driven by two large transactions: 61.9 million tokens from the “0xb8001c3” wallet 25.85 million tokens from…
Cardano’s Expansion in Asia EMURGO, a key player in the Cardano network, has joined forces with Huawei Cloud to boost Cardano’s presence in Asia Pacific. This partnership will combine EMURGO’s blockchain expertise with Huawei Cloud’s vast infrastructure, aiming to accelerate the adoption of Web3 in the region. Cardano Validator Node on Huawei Cloud A crucial…
P2P Purchase Ban Thailand is taking action to combat online fraud by banning peer-to-peer (P2P) cryptocurrency purchases. Scammers have been using P2P channels to launder money from illegal activities. Regulatory Measures The Securities and Exchange Commission (SEC) is developing rules to regulate P2P cryptocurrency exchanges. The government aims to close loopholes that allow fraudsters to…
