Decentralized applications (dApps) saw a rise of 77% in activity in the first quarter of 2024 and a 7 million total daily active user wallet count. This growth comes as Bitcoin hit an all-time high in Q1 2024, reaching above $73,000. DApp Activity Resurges According to DappRadar, the recent increase in new users shows a […]
Hong Kong authorities captured three teenagers and rescued a 19-year-old who had fallen victim to a harrowing ordeal involving assault and unlawful detention last month. The police are actively hunting the remaining six individuals – comprising four males and two females – suspected to be involved. Hong Kong Teen Assaulted Over Crypto Profits According to […]
Upon designing what has later become the world’s largest blockchain network, Satoshi Nakamoto decided to incorporate an event happening approximately every four years to set a certain inflation rate for the creation of new BTC. The so-called halving slashes in half the rewards miners receive for their work on the network, which, in theory, should […]
Bitcoin had a controversial week in terms of price movements, as it slumped to a ten-day low and jumped by nearly five grand a day later but failed to sustain its momentum. The altcoins also suffered on a weekly basis, but most have turned green after yesterday’s retracements. BTC Goes After $68K The volatile week […]
Although the US has yet to win the extradition victory against South Korea for Do Kwon, a New York court has already ruled against the fallen former crypto mogul in a legal case launched by the Securities and Exchange Commission. Do Kwon and his crypto brainchild – Terraform Labs – were found guilty of misleading […]
The Bitcoin halving takes place approximately every four years and is a built-in mechanism to slow down the process of creating new BTC so that the last one will be mined over a hundred years from now, even though more than 19.6 million are already in existence. When the production speed is reduced, while the […]
[PRESS RELEASE – George Town, Cayman Islands, April 5th, 2024] SimpleSwap is a user-friendly exchange platform, designed specifically to make crypto trading smooth and hassle-free. This service has been on the market for more than 5 years now and it continues to surprise its customers with clear and profitable crypto solutions. One of such tools […]
Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark. BTC to Boost Scalability and Liquidity The announcement, made through an April 4 thread on X, highlighted the strategic importance of incorporating BTC as a […]
There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion. However, today’s expiry event is much smaller than last week’s whopping $15 billion end-of-quarter crypto options expiry. Moreover, markets have been weaker this week, with total capitalization falling 5% as $150 billion left the space. Bitcoin […]
TL;DR Dogecoin experiences a 10% weekly price decline after the recent bull run, following a broader market correction. Predictions for DOGE’s price include significant increases, with discussions on its potential for reaching new ATH. Dogecoin (DOGE) is among the worst-affected cryptocurrencies (from the top 10 list) from the latest market correction, with its price tumbling […]