Former Grayscale Investments director Phil Bonello has lately shook up the cryptocurrency world with a slew of comments and forecasts about Bitcoin’s future. Furthermore, he provided comments about the wider cryptocurrency industry. Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. Among the
Phoenix Wallet, a non-custodial Bitcoin lightning wallet has announced its intention to remove itself from the Google Play Store and the Apple App Store in response to the increasing governmental pressures in the United States. American users should withdraw their funds from their wallets before May 3, 2024, when the
The co-founder of Solana, Raj Gokal, has lately spoken out strongly against the doubts many have about meme coins. While supporting meme currency initiatives, he also subtly attacked Vitalik Buterin, Ethereum’s co-founder. To further emphasize his point of view, he included a photo of Buterin with the message. Despite the
Today, the cryptocurrency market witnessed a mixed performance with a negative bias, particularly impacting Solana (SOL), a token known for its remarkable transaction speeds and scalability. Despite its advantageous features, Solana experienced a challenging period, reflected in a 5% decrease in its price over the past day and a 27%
At least two weeks after discovering them, the Layer 2 network Optimism patched two serious vulnerabilities on its testnet. Optimism upgraded its testnet on April 25, according to Offchain Labs, who discovered the vulnerabilities on Friday. A software company warned that malicious actors might change the chain’s history and perform
Depository Trust & Clearing Corporation (DTCC) has decided to assign zero collateral value to Exchange Traded Funds (ETFs) featuring Bitcoin or other cryptocurrencies as underlying assets. Effective immediately, these securities will face a 100% haircut, aimed at mitigating risks within the financial system and reducing leverage-based financialization games on Wall
The latest update from the cryptocurrency market shows a slight uptick in global crypto activity, albeit with some notable declines. The overall market capitalization dipped by 1.79%, to $2.33 trillion, and a 19.83% decrease in total trading volume, now at $63.56 billion. Bitcoin is facing challenges in maintaining support levels
The firm reorganization was announced by Yuga Labs, the maker of the Bored Ape Yacht Club (BAYC) NFTs. Greg Solano, who is both a co-founder and the company’s newly-returned chief executive officer, made the news via a series of tweets and postings on the Slack platform. According to Solano, the
The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge,
Amid the ongoing frenzy surrounding meme coins, Bonk (BONK) has emerged as a notable contender, experiencing a surge in value following a recent downturn in the market. This spike in price coincides with the conclusion of the fourth Bitcoin halving, adding to the excitement among cryptocurrency enthusiasts. Recently, Revolut, a
