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Solana (SOL) is testing a new resistance for an increase
3.6.2024
Solana is up by 0.23% in the last 24 hours, as of the time of writing this article. That brings the token value to $165.44, which is also an increase of 0.04% in the last 7 days. SOL has a bearish short-term sentiment, pretty much like Bitcoin (BTC) and Ethereum (ETH). It was earlier predicted...
Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s
3.6.2024
Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has decreased by at least 74 EH/s over the past week. Bitcoin...
Blockchain Sleuth Zackxbt Called out Floyd Mayweather on Token Scams
3.6.2024
Blockchain sleuth Zackxbt called out former boxing world champion Floyd “Money” Mayweather about his fraudulent token activities. Answering a now-deleted post on X where Mayweather promoted a Solana address for his token, Zackxbt asked if the boxer deserved a 13th chance, given...
Ripple announces plans to launch Oracles by Q2-2024
3.6.2024
Ripple builds on previous announcements by remaining true to them. It has developed a roadmap for launching Oracle services in the second quarter of 2024. This is likely to position it directly against Chainlink as a primary competitor. Interestingly, this is not the only development that...
Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot
3.6.2024
Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty...
Ethereum Technical Analysis: Bulls Face Critical Resistance at $3,900
3.6.2024
Ethereum’s price over the past hour has been $3,785 to $3,816, showing an intraday range between $3,746 and $3,837 in the last 24 hours. The crypto’s market capitalization today stands at $458 billion, with a 24-hour trade volume of $10.75 billion. Ethereum On the 1-hour chart, ethereum...
Analysts say altcoins to rebound soon; invest in these sectors
3.6.2024
With the weekend behind us, Bitcoin has entered a short-term bullish trend. It has managed to stay above the crucial $66,000 support level and is currently being traded at $68,874.97 as of 7:49 a.m. GMT. There seems to be potential for a price increase, making it a promising way to kick off Monday...
Bitcoin Technical Analysis: Bulls Poised for Next Leg up, Targeting $70K
3.6.2024
Over the past hour, bitcoin’s price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market capitalization of bitcoin remains strong at $1.36...
After $7 million hack, Velocore offers bounty to hacker
3.6.2024
Velocore, which is a decentralized exchange, is defrauded of $6.8 million as a result of a vulnerability in the smart contracts that manage its liquidity pools. Incidentally, the exchange functions on the Telos as well as on the zkSync, Era, and Linea blockchains. Since there was a flaw in...
Elizabeth Warren: Crypto Prominent in the Global Fentanyl Trade Over the Last Decade
3.6.2024
Two U.S. Senators, Elizabeth Warren and Bill Cassidy, have asked the Biden adminstration to furnish them with updates on what the U.S. government is doing to curb the use of crypto in fentanyl trafficking. According to Warren and Cassidy, decentralized crypto exchange platforms are enabling...
Whales buy $112 million Dogecoin as market sentiment dips
3.6.2024
According to a crypto analyst, whales have decided to mobilize and accumulate an impressive amount of Dogecoin (DOGE), which is a recent and rather exciting event in the world of cryptocurrencies. The unexpected acquisition, which took place over 72 hours, involved 700 million DOGE, or roughly $112...
Hackers exploit Chrome plugin to steal millions from Binance accounts
3.6.2024
The promotional plugin steals cookies from users, which hackers use to bypass password and two-factor authentication verification and log into the victim's Binance account
Crypto update: SHIB loses support, ETH to hit $4k, SOL shows reversal
3.6.2024
The crypto market is going through multiple changes, involving some of the biggest names like SHIB, SOL, and ETH. Shiba Inu, the popular meme coin, is about to lose important price ground. It relies on the support levels to kick in if the price drops. The asset has been trying to stay afloat above...
Bitcoin transaction value hits yearly high with $25B moved
3.6.2024
Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions
OKX expands to the Netherlands with new crypto exchange and wallet
3.6.2024
Previously known as Okcoin Europe, OKX began serving users in the Netherlands in 2021 after registering with the Dutch Central Bank
Is Cardano ready for mainstream adoption? Exploring recent milestones?
3.6.2024
Through the seamless efforts of Charles Hoskinson, the Cardano (ADA) blockchain platform bloomed in 2017 with a vision to be a decentralized app development platform with smart contracts and a multi-asset ledger. It runs on proof-of-stake Ouroboros consensus protocol with a current CoinMarketCap...
Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under a Satoshi
3.6.2024
Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of...
Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams
3.6.2024
Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth...
Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin
3.6.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched...
Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect
3.6.2024
Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits...