In the first quarter of 2024, the Polkadot (DOT) blockchain protocol showed significant progress in terms of market capitalization and revenue. Despite experiencing an 80% dip below its all-time high of $55.5 billion, Polkadot’s market capitalization saw a notable 16% quarter-on-quarter (QoQ) increase, reaching $12.7 billion. This positive trajectory was accompanied by a 2,880% QoQ
Baroness Stowell of Beeston recently sent a letter to the UK Secretary of State expressing her concerns over the government’s inadequate efforts in modernizing copyright laws in the face of advancements in generative AI and large language models (LLMs). She emphasized the need for a stronger stance on addressing copyright issues and ensuring fair competition
Meme coins have experienced a surge in popularity in recent years, with projects like Dogecoin, Pepe Coin, and Slerf coin captivating the attention of investors and cryptocurrency enthusiasts. While some dismiss meme coins as mere novelties, others see them as potential investment opportunities with the chance to reach $1 in value. In this article, we
In the world of cryptocurrency analysis, MilkyBull has been making waves with his recent insights into Bitcoin’s price trajectory. His analysis goes beyond just the surface level, delving deep into the subtleties of Bitcoin’s movement to forecast potential scenarios that could impact investor sentiment. According to MilkyBull, the market is poised to experience heightened fear
The recent drop in Bitcoin’s price below the $59,000 support level has caused concern among cryptocurrency investors. This price decrease led to approximately $120 million in liquidated long positions, indicating a shift in market sentiment. While past selloffs at this level have resulted in panicked selling, the current situation seems different. Investors appear to be
The BONK meme coin has seen a significant rally in recent times, with a staggering 13.4% increase in its price within just 24 hours. This surge has placed it among the top gainers in the cryptocurrency market. Despite the meteoric rise, BONK’s value still remains relatively low at $0.00002611, making it an attractive option for
Rep. Maxine Waters has put forth the nomination of Ms. Kristin Johnson, a current Commissioner at the US Commodity Futures Trading Commission (CFTC), for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. In a letter addressed to President Joe Biden, Waters praised Johnson’s vast expertise in financial regulation and
Ethereum has recently experienced a recovery wave after finding support at $2,820. The price is currently facing a major hurdle near the 100-hourly simple moving average. Despite the positive movement, Ethereum is still trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at
Coinbase, a leading cryptocurrency exchange platform, recently reported staggering revenues of $1.64 billion in the first quarter of the year. This exceeded the initial estimates of $1.34 billion by a significant margin. The surge in revenue can be attributed to the ongoing Bitcoin rally, which has had a profound impact on the entire crypto market.
As the Bitcoin price continues to fluctuate below $60,000, there is a heightened focus on key support levels that could determine the future trend of the cryptocurrency. Crypto analyst Norok emphasized the significance of the $51,800 support level in maintaining Bitcoin’s bullish momentum. This level, previously observed in December 2023, has become a crucial point