As Bitcoin continues its meteoric rise, nearing the US$100,000 mark, the cryptocurrency world is abuzz with speculation and anticipation. Investor confidence and favorable global sentiment have fueled this rapid ascent, leaving many to wonder: can Bitcoin sustain this momentum and break through the six-figure threshold? Since November 22, 2024, Bitcoin opened at roughly US$98,454 and has risen to approximately US$99,248,
Bitfinity Network has officially launched its Bitcoin Layer 2 (L2) solution, fortified by $12 million in funding, aimed at integrating Ethereum-compatible decentralized finance (DeFi) functionalities into Bitcoin. This initiative seeks to expand Bitcoin’s role beyond merely a store of value by enhancing its scalability and cross-chain compatibility. Expansion of Bitcoin’s Role Beyond Store of Value Funding and Development Initially, Bitfinity
In the ever-evolving world of Web3 gaming, Hamster Kombat has seen highs and lows in its journey to maintain a robust user base and drive growth. After experiencing a significant drop in monthly active users, the game still retains a core group of loyal players and aims to re-engage with its audience through strategic efforts and future planning. The challenge
Recent bullish activity and increased interest in Solana’s blockchain have led to speculation that Solana (SOL) could surpass Bitcoin (BTC) in the realm of decentralized applications (DApps). The energy backing Solana has become impossible to ignore, fueled by its recent price rally and remarkable trading volumes. According to recent data, Solana’s DApps have significantly contributed to its higher overall fee
In a bid to revolutionize trade finance and optimize supply chains, particularly focusing on cross-border agricultural commodity transactions, the Central Bank of Brazil (BCB) has embarked on the second phase of its Drex Central Bank Digital Currency (CBDC) pilot project. This phase sees key players like Microsoft, Banco Inter, Chainlink, and 7Comm joining forces to modernize Brazil’s financial infrastructure, with
As the digital landscape rapidly evolves, the introduction of innovative blockchain platforms continues to shape the future of finance. In a move to revolutionize memecoin trading, DegenLayer has launched its testnet ahead of an anticipated mainnet release. Designed to provide seamless access to the thriving memecoin market, DegenLayer’s integration with a $20 billion liquidity pool within the Optimism Superchain ecosystem
In the fast-paced world of blockchain and cryptocurrencies, any disruption can send ripples throughout the entire ecosystem. Recently, the Sui blockchain network experienced a major outage that halted block production for over two hours, causing a significant drop in the value of its native token. The outage, which began at 09:15 UTC, remains clouded in mystery as the development team
On November 19, 2024, a cryptocurrency trader achieved a remarkable financial feat by turning an initial investment of $1,900 into $3.67 million in just two hours through ELIZA, a meme-inspired token on the Solana blockchain. This dramatic success has captured both admiration and skepticism within the crypto community. The trader’s journey began by purchasing 89.19 million ELIZA tokens with 7.84
In a groundbreaking move, Securitize has introduced the sToken on the Ethereum blockchain to unlock liquidity for real-world assets (RWAs), aiming to bridge the gap between traditional finance and decentralized finance (DeFi). This innovative initiative leverages the ERC-4626 standard, allowing institutional investors to pool yield-bearing assets and convert them into deUSD, Elixir’s decentralized U.S. dollar token, while maintaining their yield
Amidst a year of varied predictions for Bitcoin’s price, BCA Research’s bold projection that Bitcoin could surpass $200,000 is garnering substantial attention. This ambitious forecast relies heavily on the analysis of fractal patterns, particularly the "260-day fractal dimension complexity," which examines the cryptocurrency’s price movements over a 260-day period. Historically, a complexity reading below 1.20 has indicated the peak of
Next week is Black Friday, a day many consumers wait and save for. But saving is not the only option to make the most of the heavy discounts. Black Friday is part of a big holiday shopping season, which is increasingly funded by “buy now, pay later” (BNPL). According to Forrester data, last year, some 33% of US and 41%
As the cryptocurrency market continues to evolve and expand, one blockchain that has captured significant attention and acclaim is the Sui Network. Renowned for its rapid growth and adoption, Sui Network has recently achieved a milestone by surpassing 30 million active accounts. This achievement marks an all-time high (ATH) for the competitive layer-one blockchain, which is based on the Move
