This move comes amid growing concerns within the cryptocurrency community about the current regulatory landscape.
Blockstream CEO Adam Back also acknowledged the surge in whale activity. He pointed out that it happened when Bitcoin price dipped from over $62,000 to around $58,000.
The US spot Bitcoin ETF issuers have registered four consecutive days of notable cash outflow leading to a bearish outlook for the entire altcoin industry.
Horizen’s future-proof modular architecture will enhance the functionality and interoperability between chains within the network, while maintaining robust security.
Adding to the negative outlook, funding rates for BNB perpetual futures have dropped into negative territory.
In addition to its Major Payment Institution (MPI) license for OKX SG, OKX is expanding its services in Singapore by streamlining the connection to local banks for convenient deposits and withdrawals.
With the Chang hardfork going live, ADA holders will be in control of Cardano’s governance thereby voting on key development projects and electing representatives.
China tackles cryptocurrency crimes with first case conviction and new guidelines to standardize virtual currency crime prosecution
Binance periodically adds new tokens to its platform to improve users’ trading experiences. This usually positively impacts the price of the listed cryptocurrencies.
The upcoming Cardano hard fork is expected to significantly upgrade the network, enhancing user experience and overall performance.
Should Rancho Altos meet its funding goal of 100,000 sBST, it will be featured on Blocksquare’s SaaS platform at no cost.
DeFi tokens and meme coins in the Ethereum ecosystem have the highest centralization, with the top 10 investors controlling the lion’s shares.
Artemiy Parshakov, Head of Staking at P2P.org, points out that increased network participation lowers individual staking rewards, which leads to anticipated reductions in APRs for traditional staking.
Another key reason for the surge in transactions is the overall increase in DeFi adoption.
Vitalik Buterin’s past movements of ETH have often had market-wide implications. For instance, in May 2021, his donation of over $1 billion worth of different cryptocurrencies to an India Covid-19 Relief Fund led to a substantial decline in Ethereum price.