The Ethereum market has been witness to a buying spree by whales, indicating their unwavering support for the king of altcoins. These large-scale purchases have surged in recent weeks, as on-chain data from Santiment reveals that Ethereum’s largest private wallets currently hold a record-breaking 56.25 million ETH, comprising 46.8% of the crypto’s total circulating supply.
In the ever-evolving world of cryptocurrencies, one altcoin has managed to defy expectations and captivate the market with its remarkable rise: Akash Network (AKT). Over the course of just one year, AKT experienced an astonishing surge, with its value skyrocketing by over 1,400%. This incredible performance not only highlights the resilience and strength of the
The potential approval of a Bitcoin exchange-traded fund (ETF) has taken an interesting turn as asset manager VanEck announced its plans to donate a portion of the profits to Bitcoin core developers. This move showcases VanEck’s dedication to the long-term success of the Bitcoin ecosystem and its commitment to supporting the core developers who play
Arbitrum, a leading Layer-2 (L2) scaling solution, has been experiencing remarkable growth since the launch of its native token, ARB, in March 2023. In the past 30 days, ARB has seen a significant surge in value, reflecting the increasing market interest in the protocol. Moreover, Arbitrum has surpassed Ethereum in daily decentralized exchange (DEX) volume,
Solana co-founder Anatoly Yakovenko recently expressed confidence in the ability of their blockchain to handle the growing demand for decentralized applications (dapps) without relying on layer-2 solutions like those employed by Ethereum. Yakovenko argued that Solana’s design, which utilizes a hybrid consensus mechanism, enables the blockchain to scale efficiently without the need for additional layers.
Celestia (TIA) has experienced remarkable growth since its launch on the Osmosis platform. Despite the inherent fluctuations in the crypto market, TIA has managed to increase its valuation multiples and has become actively traded across numerous exchanges. Backed by solid market demand, significant trading volumes, and a dedicated community, Celestia has exceeded expectations. Recently, the
With the advent of big data, artificial intelligence (AI) has emerged as a game-changing technology, revolutionizing various industries. The finance sector, in particular, has witnessed the transformative power of AI algorithms in unlocking valuable insights from massive amounts of market information. As AI continues to reshape financial services, it has the potential to democratize access
Australia’s Assistant Treasurer Stephen Jones has expressed concern over the Australian Securities Investment Commission (ASIC) for failing to issue warnings to consumers regarding the potential dangers of the HyperVerse crypto scheme. This article will delve into the reasons behind ASIC’s inaction and shed light on the implications of this oversight. Upon reviewing the recent Guardian
TechCrunch reporter Jacquelyn Melinek recently provided an update on the expected timeline for spot Bitcoin exchange-traded fund (ETF) approvals. In a statement posted on Jan. 5, Melinek acknowledged that her previous prediction of an imminent approval was not on track. According to her sources, approvals could now be expected next week, but with “no definitive
North Korea’s involvement in cyber theft has had a significant impact on the cryptocurrency market. In 2023, blockchain intelligence company TRM Labs revealed that over $600 million worth of crypto had been stolen by the country. However, this amount could potentially be even higher, reaching $700 million, considering additional unconfirmed hacks attributed to North Korea.