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Russia Set to Recognize Bitcoin Mining as Economic Activity


According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would...

Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery


Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders displaying increased engagement. Mt Gox Preparations Spark...

Solana surges amid memecoin activity and DeFi


Solana ($SOL) was seen marking an uptick of 5% amid a rise in trading activities. It pertains to an increase in interest in meme coins. The scenario affects Solana because it demonstrates its ability to handle a larger number of transactions with scalability. Other factors that have contributed...

Coinbase’s Base Ethereum Layer-2 network sees a rise in activity


Coinbase is experiencing increased traction on Base, its Ethereum layer 2 network, largely due to its forthcoming smart wallet, which is gaining investor interest. Its TVL is also experiencing an unusual escalation.  Over the past three months, Base has succeeded in surpassing Arbitrum and Optimism...

Say Goodbye To Destiny 2’s Most Relaxing Activity


Stop me if you’ve heard this before: it’s fucked up that every year, Destiny 2 rips all of its seasonal content out of the game, never to be seen again. Though time has certainly numbed the pain of the removals, it still stings every year, especially when some of the stuff in Destiny 2’s seasons...

Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals


Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices...

Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound Activity


Bitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency’s price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours. Bitcoin Recent trends in the daily chart reveal bitcoin...

Cardano surges on whale accumulation and increased network activity


Cardano’s (ADA) network is gaining traction. Major participants have increased their ADA holdings and now control 6.71% of the total offerings.  IntoTheBlock, a market analytics portal, said that Cardano whales—those with 100 million to 1 billion ADA—have added 11% more ADA in the past...

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