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Bitcoin Technical Analysis: Price Consolidates Following Bearish Downturn


On Wednesday, bitcoin’s trade volume and overall value provided insights into its current technical situation. With a daily trading volume reaching $45.30 billion and a total market value of $1.29 trillion, the cryptocurrency’s liquidity and market breadth still stands strong....

Crypto market correction: Panic or Opportunity?


Liquidation is above $400 million as Bitcoin loses its charm. It has been termed a price correction, with a hint that it was expected to happen ahead of Halving. BTC and ETH are down significantly from their recent ATH, sending signals that bears are running open and could walk for a few more...

Aave Proposal Aims to Safeguard Against DAI’s Rapid Market Cap Increase


The Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao’s aggressive expansion of the DAI credit line. The proposal, initiated by the Aave Chan Initiative (ACI) team, suggests...

Should you buy Avalanche (AVAX) during the dip?


Avalanche, the popular cryptocurrency, is now mirroring the pullback in the crypto market. The movement has pushed investors to wonder if AVAX is offering a buying opportunity or if it is a red flag. The past few weeks have witnessed a momentum shift in the crypto market. Bitcoin, the market...

XERA community: Who they are?


Key takeaways: Global Movement: XERA Group International spearheads a global initiative, blending technology with community to redefine empowerment. Innovative Solutions: From AI-based software to blockchain applications, XERA is at the forefront of digital innovation. Community-Centric: With over...

Grayscale’s Bitcoin ETF Outflows Surpassed for the First Time


Cathie Wood’s ARK 21shares Bitcoin ETF experienced a daily outflow of $87.5 million on April 2, marking a historic event as it exceeded Grayscale’s Bitcoin Trust’s outflow for the first time since the introduction of spot bitcoin ETFs in the U.S. Despite this outflow and...

Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs


On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain Arkon Energy has revealed...

Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin


Hokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank will be able to purchase the currency using Tochitsuka, an app developed by Digital Platformer, that previously allowed users to earn...

Singapore Imposes New Rules for Digital Payment Token Services


Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do...

Crypto.com Expands Into South Korean Crypto Market


Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global cryptocurrency exchange to launch in South...

Polygon CEO: L3s Might Represent a Threat to Ethereum’s Security


Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and concentrate it in their corresponding base...

Bitcoin dips below $67,000 – Buying opportunity or false hope?


Bitcoin was once above $70,000. The token has now retraced to ~$66,000, triggering a series of speculations that this is a dip and it is the best time to get on board. However, the sentiments are mixed since bullish signs have not left the market. For reference, a buy-the-dip opportunity prevails...

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