Bitcoin Cash (BCH) has recently emerged as a focal point in the cryptocurrency market, driven by its breakout from an inverse head-and-shoulders pattern—a technical indicator often linked to upward price movements. On July 29, BCH experienced a 13% surge, elevating its price to around $451 and its market cap to $8.75 billion, making it the top performer among the leading
In a groundbreaking collaboration, Crystal Blockchain has partnered with the European Central Bank (ECB) to refine and strengthen its monitoring and regulatory capabilities within the digital asset market. This alliance comes at a crucial juncture as the European Union pushes forward with new regulatory frameworks aimed at the crypto-asset market. By enhancing the ECB’s abilities in data analytics and market
eDataNetworks Inc., a pioneer in digital commerce and community support, has recently secured significant patents from the United States Patent and Trademark Office (USPTO). These patents play a crucial role in advancing the company’s blockchain and micro-donation technologies. The secured patents, namely 18/110,726 and 18/143,842, bolster eDataNetworks’ intellectual property portfolio and symbolize a pivotal step in integrating digital commerce with
Founded by Ben Leventhal, who previously created Resy and Eater, Blackbird represents a remarkable innovation in the restaurant payment landscape. The launch of Blackbird Pay, a new blockchain-based payment platform, is specifically aimed at the restaurant industry and promises to streamline payment processes while significantly enhancing cost-effectiveness. By focusing on reducing transaction fees, improving customer loyalty programs, and ensuring seamless
The upcoming token unlock events in August 2024 are set to create ripples across the cryptocurrency market, eliciting both curiosity and concern from investors. Among these forthcoming events, Ripple’s longstanding practice since 2017 of issuing 1 billion XRP tokens every month stands out. This initiative, aimed at fortifying transparency and reliability within the XRP ecosystem, is set to continue with
Peter Schiff, a prominent critic of Bitcoin, has recently voiced strong disapproval of proposals advocating for the cryptocurrency as a solution to the United States’ national debt issue. Among the targets of his criticism are Senator Cynthia Lummis and Robert F. Kennedy Jr. (RFK), who have both suggested innovative yet controversial methods to integrate Bitcoin into the national financial strategy.
Bitcoin miners are navigating a challenging landscape as they approach potential profitability after months of financial strain. This shift is taking place against the backdrop of the recent halving event in April, which cut block rewards from 6.25 BTC to 3.125 BTC per block, excluding transaction fees. This change initially created substantial revenue drops, straining miners’ profitability. Revenue and Cost
The world of Bitcoin has been nothing short of turbulent following the recent halving event, which took place on April 20, 2024. This occasion, significant in the cryptocurrency sphere, has historically influenced Bitcoin’s price trajectory. Over the last 100 days, the digital asset has experienced substantial volatility. Notably, this period has been marked by large inflows into the newly launched
In a stunning announcement that captivated the cryptocurrency community, ONDO Finance has revealed the listing of its native ONDO token on OKX, a prominent Seychelles-based crypto exchange. This development marks a significant milestone, offering the trading of the ONDO/USDT pair as of July 29, thereby enhancing the token’s market accessibility and legitimacy. The listing on OKX is the latest in
The trading volumes of non-fungible tokens (NFTs) have seen a significant decline in recent months, yet they continue to maintain their relevance in the digital asset market. NFTs, which first gained widespread attention as unique digital assets representing ownership of digital or physical items, have experienced a notable downturn in trading activity. According to a recent report by CryptoSlam, July
Bitcoin’s market dynamics are currently poised for a significant potential breakout, driven by record-breaking levels of open interest in Bitcoin futures combined with several other pertinent market indicators. The latest analysis explores these catalysts and trends, suggesting an imminent price rally for the leading cryptocurrency. Record Open Interest in Bitcoin Futures Bitcoin futures’ open interest has surged to an unprecedented
PancakeSwap, a decentralized exchange operating on the Binance Smart Chain (BSC), has captured significant attention with its aggressive token burn strategy designed to enhance the value of its native token, CAKE. In its most ambitious move yet, the platform recently burned 8,888,476 CAKE tokens equivalent to approximately $18 million, funded through fees accrued from various PancakeSwap versions. This brings the
