Category: Blog

In a recent poll conducted by Reuters, economists have expressed a prevailing sentiment that the U.S. Federal Reserve may implement significant interest rate cuts within the current year. This anticipation is underscored by a pronounced upward revision in inflation forecasts, marking a notable trend over the past few months. The…

In the ever-evolving landscape of cryptocurrencies and blockchain technology, the integration of stablecoins plays a pivotal role in facilitating seamless transactions and enhancing financial accessibility. Tether, one of the leading stablecoin issuers in the crypto market, has recently announced its expansion onto The Open Network (TON) blockchain, bringing its US…

In the realm of cryptocurrency, regulatory scrutiny often looms as a shadow over the industry, affecting not only individual companies but the entire ecosystem. Recently, Ripple CEO Brad Garlinghouse ignited a debate by suggesting that the US government’s attention was directed towards Tether, the issuer of the largest stablecoin USDt….

Polkadot’s ecosystem continues to expand, with its parachain Peaq gaining significant attention from decentralized mapping projects. This article delves into the recent migrations to Peaq, highlighting the features and benefits that attract these projects to the platform. MapMetrics: Driving Toward DePIN with Peaq On April 25, the Web3 drive-to-earn platform…

Blockchain technology has revolutionized various industries by offering decentralized, transparent, and secure solutions. As the technology evolves, it has given rise to diverse architectural layers, each serving distinct purposes in enhancing scalability, interoperability, and functionality within the crypto ecosystem. Layer 1: The Foundation of Blockchain Networks Layer 1 blockchains lay…

What Caused Bitcoin’s Latest Price Drop? Bitcoin’s price took a sharp dip on May 1, falling by 4.4% within a short 4-hour period and dropping below the $58,000 mark for the first time in 60 days. On-chain data reveals the key factors contributing to this bearish move. Why Did Bitcoin’s…

Massive Whale Accumulation Suggests Bitcoin Rebound Bitcoin is showing signs of a short-term price recovery after a significant accumulation of over $2.8 billion worth of BTC in the last 24 hours. This comes after a turbulent week where Bitcoin’s price fell to $56,555, causing a ripple effect across the cryptocurrency…

Bitcoin’s Recovery Driven by Underwhelming US Non-Farm Payrolls Report Bitcoin derivatives traders are reacting strongly to the latest US Non-Farm Payrolls (NFP) report, causing Bitcoin’s price to extend its May 2024 rebound by 8% on Friday. This surge took Bitcoin above $61,000 for the first time in five days. US…

Recently, crypto analysis firm LookOnChain reported that a long-dormant Bitcoin (BTC) miner wallet has suddenly become active after 14 years. The wallet, which earned 50 BTC from mining on April 23, 2010, had held onto these coins until the present day. Back in April 2010, the price of Bitcoin was…

As Bitcoin’s halving event approaches later this month, the world’s largest asset manager, BlackRock, has made a significant move by adding another 1162 Bitcoin (BTC) to its holdings, amounting to a value of $72.82 million. This latest acquisition brings BlackRock’s total Bitcoin holdings to 272,139 BTC, valued at an impressive…