This week, the crypto community learned of a striking discrepancy in the attitudes of the “whales” holding the two largest cryptocurrencies on the market: Bitcoin and Ethereum. On-chain research business Glassnode data shows a dramatic decline in the number of Ethereum “whales” (individuals holding 1,000 or more ETH, or around
Now that Bitcoin is back in the limelight, industry watchers and investors are eager to forecast its next move. As experts referred to ETF optimism and seasonality as a few factors for the increases, BTC climbed past the $28,000 barrier early Monday to register the highest level in almost a
As the U.S. stock market continued its downward spiral on Wednesday, bitcoin’s price made a failed attempt to regain the $27,000 barrier. For the cryptocurrency industry to see sustained development, it may need a strong catalyst such as a Spot BTC or ETH ETF approval. Bitcoin supply owned by U.S.
Former Obama administration employee Lauren Belive has been recruited by Ripple to lead the company’s public policy and government operations in the United States. Belive will take charge of the company’s efforts in Washington and elsewhere to promote crypto-friendly regulations for both consumers and companies. Before joining SoftBank Group International
The Label Foundation recently announced an agreement with global electronics giant, LG Electronics, to launch ‘Tracks’, an innovative Web3 music streaming platform, which will be soon available on the latest version of LG Smart TVs. Positioning itself as a leading Life Background Music platform, ‘Tracks’ grants users free access to
The layer-1 network Swisstronik, which enables developers to create scalable apps while maintaining regulatory compliance and customer privacy, has announced the completion of its $5 million seed funding round. Additionally, it began its private token sale by selling MAQ Capital Home $SWTR tokens valued at $500,000 as an initial deal. By
Throughout most of 2023, Justin Sun’s TRON blockchain has been doing well. The astounding uptick in transaction activity for a project that just debuted six years ago demonstrates the growing natural demand for the TRX cryptocurrency. Tron’s quick growth over a short period of time is reflected in the fact
Transaction and wallet activity on Tron, a measure of its popularity among investors and traders, have lately grown, lending credence to the recent price jump. Moreover, Tron’s founder, Justin Sun, has shown interest in purchasing the assets of defunct cryptocurrency exchange FTX. The goal, as the founder of Tron indicated,
The Layer 2 blockchain ecosystem is continually evolving, with projects like Polygon, Arbitrum, Immutable X, and Mantle leading the way. In this competitive space, where numerous innovative projects enter, distinguishing the best among them can be challenging. However, Bitrock has captured the community’s attention by establishing itself as a cost-efficient
The United Stated SEC has pushed out its ruling on Bitcoin spot ETF until October, which has put downward pressure on the BTC price. Several prominent analysts have all agreed that the BTC price will likely fall to $24,800 mark before perhaps recovering. Nonetheless, September’s bear market worries have reignited
