With a wave of new investors and positive approaches from major financial organizations, cryptocurrencies have started to show movements again. Despite a bearish sentiment being showcased every now and then, several tokens have increased in price considerably. While investors have been speculating and hoping for the bear market to end, constant waves of volatility seem …
Continue reading “A List of Top 10 Crypto Gainers This Week”
Billionaire investor and hedge fund legend Stanley Druckenmiller is expressing optimism over crypto assets. Druckenmiller says in a CNBC interview that the lack of confidence and trust in central banks could lead to crypto assets playing a “big role” when the rebuilding of economies starts. “I still think… if the Bank of England, what they …
Ethereum (ETH) co-founder Anthony Di lorio says that besides Bitcoin (BTC) and Ethereum, he is also keeping his eyes on Cardano (ADA), Polkadot (DOT) and Cosmos (ATOM). In a new interview on Kitco News, Di lorio says he is stocking up on the three smart contract altcoins because of the people working on these projects. …
Bitcoin (BTC) miners remain under stress at current price levels as data shows large outflows from miner wallets returning. According to on-chain analytics firm Glassnode, monthly miner sales totaled up to around 8,000 BTC in September. Bitcoin miners see heavy sales In contrast to the June lows, when BTC/USD hit its current multi-year floor of …
Continue reading “Bitcoin sees first difficulty drop in 2 months as miners sell 8K BTC”
Bitcoin’s (BTC) long-term profitability has declined to levels last seen during the previous bear market in December 2018. According to data shared by crypto analytic firm Glassnode, BTC holders are selling their tokens at an average loss of 42%. Bitcoin long term holders. Source: Glassnode The Glassnode data indicate that long-term holders of the top …
Continue reading “Bitcoin profitability for long-term holders decline to 4-year low: Data”
Not only Elon Musk thought of buying Twitter — crypto billionaire and CEO of FTX exchange Sam Bankman-Fried “was interested” in acquiring the social network back in March 2022, according to a report from Business Insider. In the piece, published on Sept. 29, journalists are referring to the private texts released amid the court battle …
Continue reading “Sam Bankman-Fried reportedly intended to join the Twitter deal in March”
With crypto adoption moving forward in various parts of the world, Spain continues to encounter major developments in its local blockchain space as its largest telecom services provider dives deeper into Web3 technologies. Telefónica, the multinational telecom company based in Madrid, Spain, has enabled payments with cryptocurrencies like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), USD …
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Uniswap Labs is gearing up to raise over $100 million in a new round of funding as it expands into new products and services. The decentralized exchange commands 64% of all DEX volumes, according to DeFi Llama. Uni’s new funding is indicative of the company’s ambitious plans Uniswap Labs is gearing up to raise over …
Continue reading “Uniswap Labs To Raise Venture Capital at $1B Valuation”
zkSync 2.0 is set to launch on October 28, and the team also revealed a public roadmap in the announcement. The launch will bring multiple upgrades, including web3 compatibility, supporting Solidity and Vyper, more streamlined porting, and lower gas fees. Crypto community members have been speculating that there will be an airdrop for a native …
Continue reading “zkSync Mainnet All Set To Launch in October, Potential Airdrop Inbound”
Spanish telecommunication firm Telefonica has enabled crypto payments for its users. The feature has been activated in collaboration with local cryptocurrency exchange Bit2Me. To embrace the growing crypto adoption in the world, Telefonica, known as the largest telecommunications company in Spain, will now be accepting payments in cryptocurrency for its products and services. Telefonica Will …
Amber Group, a blockchain technology provider, replicated the Wintermute hack in less than 48 hours using a basic laptop. A report by the Amber Group stated, “We used a Macbook M1 with 16GB RAM to precompute a dataset in less than 10 hours… We finished the implementation and were able to crack the private key …
Investor and founder Vinny Lingham wrote a series of tweets on Sept. 29 outlining a potential short-term future whereby Bitcoin will act as a store of value for those suffering a devaluation of their local currency. The British Pound fell to its lowest level against the dollar recently following the Chancellor’s mini-budget. However, as Lingham …
The total cryptocurrency market cap saw net inflows totaling $7.75 billion. As of press time, it stood at $943.41 billion, up 0.87% over the last 24 hours. Bitcoin’s market cap gained 0.5% over the reporting period to $372.89 billion from $370.87 billion. Meanwhile, Ethereum’s market cap was up 0.8% to $163.27 billion from $161.99 billion. …
Workers and executives in Latam are open to trying metaverse tools in conjunction with their traditional work, according to a study commissioned by Ciena, a software, networks, and services company. The study, which surveyed 15,000 business workers from all around the world, found that there is optimism about the implementation of these technologies. Latam Office …
Continue reading “60% of Latam Professionals Open to Using Metaverse Tools at Work: Study”
According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryptocurrency markets of any region.” Additionally, Sub-Saharan Africa’s “retail market and outsized usage of P2P platforms make it unique compared to other regions.” Sub-Saharan Africa’s …
