Investors have suffered heavy losses as a result of recent crypto market movements. The price of Bitcoin and several other cryptocurrencies has fallen recently due to concerns about geopolitical unpredictability and lackluster US macroeconomic statistics. IntoTheBlock, a blockchain data research company, says that the Ethereum network has entered a new
October 14, 2023 2 mins read
A significant hearing in the continuing legal battle between Binance, and the US SEC is likely to unfold today. The action has entered a pivotal point. And Judge Amy Jackson has issued several orders to clear outstanding motions. Including an amicus brief submitted by USDC issuer Circle. Multiple rulings clearing
October 12, 2023 2 mins read
According to statistics from DefiLlama, the TVL on decentralized finance (DeFi) projects fell by 30% year over year, reaching a low of $36.95 billion. The crypto sector as a whole is facing severe bearish sentiment. While the year began off well for DeFi projects with a high point of over
October 12, 2023 2 mins read
The escalating Hamas-Israel confrontation is having repercussions beyond the realm of politics. There are also indications of trouble in the cryptocurrency sector. Bitcoin and other cryptocurrencies are already feeling the heat. Traditional equity investments have seen a decline in popularity among investors. The trend now is clearly towards safer assets
October 11, 2023 2 mins read
With the growth of Amazon Web Services’ startup accelerator programs, the Web3 gaming platform Immutable has teamed with AWS to increase its choices for game makers. In a blog post published on October 10th, Immutable announced that Amazon Web Services (AWS) has accepted the company into its ISV (independent software
October 11, 2023 2 mins read
On Monday, cryptocurrency prices fell along with global equities markets and surging oil costs due to fresh unrest in the Middle East. On Monday, the violence between Israel and Hamas entered its third day. Oil prices seemed to be affected by traders’ speculation that the war may disrupt supplies if
October 10, 2023 2 mins read
Bitcoin’s growing preeminence over other cryptocurrencies such as Ethereum is highlighted by recent market statistics. Yesterday, there was a significant drop in the value of altcoins, which include all cryptocurrencies other than Bitcoin. As a result of this sell-off, ETH has hit fresh lows against Bitcoin. Since the beginning of
October 10, 2023 2 mins read
In reaction to the surge in trading activity, Bancor’s native token BNT has begun a compelling rally inside a parabolic trend. The price of BNT rose by more than 50% during this trend, from its 24-hour low of $0.4603 to a high of $0.6906. CMC data shows that Bancor’s trading
October 9, 2023 2 mins read
The decentralized finance (DeFi) market has been very active over the last week. And much of the momentum can be attributed to Coinbase’s Layer-2 network Base. L2Beat reports that the Base network’s Total Value Locked (TVL) increased by 25.15 percent, in the previous week, to a total of $556 million.
October 9, 2023 1 min read
Lately, there has been a massive increase in the trade volume of the Pudgy Penguins NFT collection. The 8,888 NFTs included in the Pudgy Penguins NFT collection on Ethereum are all unique in some way. Yesterday, the trading volume of Pudgy Penguins NFT rose by a whopping 530%. The value
October 8, 2023 1 min read