The past seven days have been very interesting within the cryptocurrency market. The industry’s total capitalization increased by around $150 billion on the back of gains made by Bitcoin and many other altcoins. Price action aside, there were interesting developments that are pushing the market forward, so let’s dive deeper. First, Bitcoin’s price has risen…
HongKong, China, June 7th, 2024, Chainwire BEVM has announced a new incentive program, the BEVM Visionary Builders (BVB), following its recent partnership with Binance wallet for an airdrop event. Introduction to BEVM Visionary Builders Launched by BEVM, the “Visionary Builders” ecosystem incentive program aims to promote the development of 17 tracks, including DEXs, lending, stablecoins,…
The American Securities Association (ASA) filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday for failing to comply with the Freedom of Information Act (FOIA). The ASA seeks to compel the SEC to disclose records related to its “recordkeeping sweep initiative” that imposed penalties on broker-dealers for retaining off-channel communications, such…
[PRESS RELEASE – Hong Kong, China, June 7th, 2024] Memeland sets sail for MemeDay, declaring a new tradition in Web3 Memeland, one of the largest and fastest growing Web3-focused venture studios, announces the inaugural celebration of the first-ever MemeDay on 6.9 (June 9th), a day set to celebrate and remind Web3 of the power of…
Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from cryptocurrency exchange reserves. Exchanges and Miners See Massive Reductions From Jan. 1 to June 7, 2024,…
[PRESS RELEASE – Georgetown, Cayman Islands, June 7th, 2024] DeFi.Gold, a leading decentralized exchange (DEX) and NFT marketplace on the Bitcoin blockchain, announces a strategic alliance with Babylonchain. This integration, available by Q4 2024, will allow DeFi.Gold users to stake Bitcoin (BTC) and earn native yields on other blockchains supported by Babylon, directly on the…
Bitcoin’s price currently stands at $71,347, showing an impressive rise within the 24-hour intraday range of $70,065 to $71,595. With a trading volume of $25.17 billion and a market capitalization of $1.4 trillion, bitcoin has gained 4.9% this week, 5.6% over the past two weeks, and 14.4% in the last 30 days. Bitcoin Bitcoin’s 1-hour…
This week, we take a closer look at Ethereum, Ripple, Binance Coin, Shiba Inu, and Polkadot. Ethereum (ETH) For the past two weeks, ETH has been hovering around $3,800. However, this consolidation under the key resistance at $4,000 might end with explosive volatility. The current bias on this price action is bullish and may be…
Iggy Azalea, the female rapper and composer behind the MOTHER token issued on Solana, mocked Vitalik Buterin, an Ethereum co-founder, using a meme that shows her carrying a baby with Buterin’s face after being breastfed. Besides posting the described meme, Azalea stated that “he was just hangry (sic).” Azalea’s reaction comes after Buterin’s statements against…
The inflows into the spot Bitcoin ETFs have been nothing short of impressive in the past several days, but BTC has failed to make a major move out of its current trading range of around $70,000 to $71,000. The altcoins are also quite sluggish on a daily basis, with BCH emerging as the top performer…