Price Drop Sparks Liquidations Bitcoin’s recent dip below $59,000 sent shockwaves through the market. This triggered $120 million in liquidations of futures contracts that bet on a price increase. Not a Mass Exodus Unlike previous selloffs, this liquidation doesn’t indicate a panicked sell-off. Investors are taking a measured approach, suggesting a short-term correction rather than…
Growing Interest in Digital Assets A recent survey by Fidelity Digital Assets shows a surge in institutional interest in cryptocurrencies like Bitcoin. 74% of respondents plan to invest in digital assets, up from 71% last year. US Investors Jump on the Bandwagon US investors have shown a significant increase in their appetite for crypto, with…
Slow Progress on Privacy Edward Snowden, the famous whistleblower, has been warning about Bitcoin’s lack of privacy for years. He believes that Bitcoin developers need to add privacy features to the protocol itself. “I’ve been saying this for ten years,” Snowden said. “This is the last chance. Time’s running out.” Wasabi Wallet’s Announcement Snowden’s comments…
Ripple has filed a new document in its ongoing lawsuit against the Securities and Exchange Commission (SEC), arguing that the SEC’s proposed witness is not qualified to testify. Ripple’s Motion to Strike Ripple initially filed a motion to strike Andrea Fox, an accountant at the SEC, as a witness in the case. Ripple argued that…
The Rise and Fall of FTX FTX, once a crypto giant, collapsed in 2022 amid allegations of mismanagement and misuse of customer funds. Ryan Salame’s Bahamas Deal Ryan Salame, former co-CEO of FTX Digital Markets, has agreed to forfeit his $5.9 million mansion in the Bahamas as part of a plea deal. Allegations and Charges…
AI’s Role in Gaming Artificial intelligence (AI) has become a game-changer in traditional gaming, enhancing gameplay with realistic enemy behavior and player animations. However, its application in Web 3.0 gaming, often referred to as “blockchain” or “NFT gaming,” raises concerns. Web 3.0 Gaming’s Challenges Web 3.0 games have faced criticism for being boring, lacking compelling…
Economist Alex Krüger is betting big on the crypto market, saying he’s “max long” with concentrated positions. Altcoin Picks Along with Bitcoin, Krüger is also bullish on layer-1 blockchains like Solana, Toncoin, Aptos, and Core. He also holds positions in Arweave, a decentralized data storage protocol, and Bittensor, a blockchain platform focused on AI. Bitcoin…
Dogechain, a popular layer-2 solution for Dogecoin, has announced that it will close its wallet services on June 1st. Move Your DOGE Dogecoin developer Mishaboar urges users to withdraw their DOGE from Dogechain wallets before the shutdown. He also advises keeping a copy of wallet private keys for potential future fund recovery. Dogechain’s Role Dogechain,…
Former Binance CEO Changpeng Zhao plans to remain a passive crypto holder despite receiving a prison sentence for violating US laws. Statement on Social Media Zhao expressed gratitude for support and stated his intention to “do [his] time” and focus on education after completing his sentence. Positive Stance on Crypto Despite the setback, Zhao remains…
The recent market crash has left Bitcoin hovering below $60,000, exposing several crucial support levels. Crypto analyst Norok has identified $51,800 as the key level Bitcoin must hold to maintain its bullish trend. Support and Resistance Norok notes that Bitcoin has fallen below its previous support level of $62,000, which has now become a resistance…
