A creative writer with a flair for storytelling and a deep interest in cryptocurrencies and blockchain technology.
The cryptocurrency market has sustained a downward trajectory over the past week. The overall market has seen a decline of 3.6%, coupled with a significant 27% decrease in trading volume compared to the previous week. Despite this gloomy backdrop, hope flickers among traders, largely fueled by the resilience of select
May 13, 2024 2 mins read
VELO has emerged as a standout performer, reaching a nearly two-year high at $0.02861, marking a remarkable 13-month peak. Dubbed the “XRP of South East Asia,” VELO has been capturing the attention of crypto traders with its meteoric rise, surging by 113% in just a month. With its current trading
May 10, 2024 1 min read
Bitcoin has been navigating choppy waters, trading at approximately $62.8K with a recent uptick of 2.06%. And, the trading volume has seen a modest increase of 0.99%, currently standing at $25 billion. Moreover, Bitcoin has experienced a downturn of 9.45% in the past month, marking a challenging period for investors.
May 10, 2024 2 mins read
Solana (SOL), one of the leading cryptocurrencies, has encountered a modest downturn in the past 24 hours, signaling a slight deviation from its recent upward trajectory. As of the latest data, SOL is down by 3% within this timeframe, accompanied by an 11% decrease in trading volume. Last seven days,
May 9, 2024 2 mins read
US House of Representatives passed a resolution to overturn a contentious Securities and Exchange Commission (SEC) bulletin concerning accounting standards for cryptocurrency custodians. The resolution, passed by a vote of 228-182, garnered significant support from Republicans and 21 Democrats, underscoring growing tensions between legislative preferences and regulatory measures within the
May 9, 2024 2 mins read
Ethereum Improvement Proposals (EIPs) often spark intense debates and discussions within the community. Among the latest proposals, EIP-7702 stands out as a potential game-changer in the realm of account abstraction. Proposed by Ethereum co-founder Vitalik Buterin and his collaborators, EIP-7702 presents an alternative approach to address the challenges posed by
May 8, 2024 2 mins read
Shiba Inu (SHIB) has been making waves, but recent days have seen a significant downturn, leaving investors on edge. The memecoin experienced a notable dump, hitting a 7-day low of $0.00002266, with a staggering 35% decrease in trading volume. Analyzing the technical indicators, the daily Relative Strength Index (RSI) stands
May 8, 2024 1 min read
Securities and Exchange Commission (SEC) Chairman Gary Gensler’s recent remarks regarding the classification of Ethereum have sparked a flurry of responses within the crypto community. While Gensler refrained from directly addressing whether Ethereum should be classified as a security or a commodity, he commented on investor protection and regulatory concerns.
May 8, 2024 2 mins read
In a sudden move that caught many investors off guard, a multisign wallet made a significant deposit of 1.238 trillion Pepe tokens, worth a staggering $10.6 million, to Binance. This hefty influx caused an abrupt 5.2% drop in the token’s price, leaving many wondering about the motives behind such a
May 7, 2024 2 mins read
Bitcoin (BTC) has recently experienced a whirlwind of events, showcasing its volatility and resilience in equal measure. Over the past month, the crypto landscape has seen significant developments, ranging from regulatory approvals to protocol launches, ultimately influencing BTC’s price trajectory. Hong Kong’s approval of spot Bitcoin and Ethereum exchange-traded funds
May 7, 2024 2 mins read