The cryptocurrency market experienced a significant downturn recently, with Bitcoin plummeting below $50,000 in a sudden dip that took many traders by surprise. This abrupt market movement cascaded into other cryptocurrencies, resulting in widespread losses for investors. While Bitcoin has since rebounded by 20% and is now trading around just below $60,000, the impact of
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a background in web3 content writing, journalism, and trading. His journey into the cryptocurrency space was not a smooth one, starting with a Ponzi scheme that led him down a path of learning and growth. Despite early setbacks, Edyme has emerged as a respected
Following the controversial arrest of Pavel Durov in France over the weekend, a wave of support has emerged from various celebrities and public figures. Notable names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have voiced their support for Durov amidst the legal turmoil he currently faces. The arrest of Durov
The US Securities and Exchange Commission has taken a firm stance against Hex founder Richard Heart’s efforts to dismiss the $1 billion securities fraud lawsuit filed against him. In a recent opposition brief filed in a New York federal court, the SEC argued that Heart’s motion to dismiss fails to address the well-supported allegations in
Recent developments in the cryptocurrency market have sent Bitcoin (BTC) on a rollercoaster ride, with prices experiencing significant swings in the past few weeks. However, a recent spike of over 6% in Bitcoin’s price is being attributed to Federal Reserve Chairman Jerome Powell’s announcement of a potential rate cut at the next meeting on September
Cardano, one of the most anticipated blockchain projects, has decided to postpone the highly awaited Chang hardfork to September 1, 2024. This decision was confirmed by Cardano founder Charles Hoskinson in a recent announcement. According to him, the delay is to give platforms like Binance more time to prepare for the hardfork. This move reflects
The recent announcement by the Federal Reserve regarding potential interest rate cuts has sparked discussions about the impact this decision could have on various markets, including cryptocurrencies. The U.S. benchmark rate for massive overnight money market loans currently stands between 5.25% and 5.5%. Federal Reserve Chairman Jerome Powell’s endorsement of future rate cuts has sparked
The cryptocurrency market is currently in a state of uncertainty, with price stagnation and volatility. However, all eyes are on the highly anticipated Pectra upgrade for the Ethereum (ETH) network, scheduled for the first quarter of 2025. This major upgrade is gaining significant attention from bullish analysts who believe that it could be the catalyst
Indian cryptocurrency exchange WazirX is currently facing challenges during its restructuring process. The exchange has highlighted that there are external parties who are not invested in the platform, but are trying to prolong the restructuring for their own gains. These parties are creating and maintaining “uncertainty” rather than seeking a resolution, which is hindering the
Shibarium, a layer-2 blockchain solution established on the Ethereum network, has been making waves in the cryptocurrency world. This platform was specifically crafted to nurture the growth of the Shiba Inu ecosystem by focusing on reducing transaction costs, enhancing speed, and improving scalability. Since its inception a year ago, Shibarium has achieved significant milestones and