The recent developments in the Bitcoin market are causing concern among investors and analysts alike. The drop in Bitcoin’s value from $59,076 to $57,127 in a short period has sparked discussions about the factors influencing its trajectory. One of the main issues affecting Bitcoin is the looming threat of a US recession, which is creating
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Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a diverse skill set. He is a web3 content writer, journalist, and an aspiring trader. Edyme has lent his words to various industry players such as AMBCrypto, Blockchain.News, and Blockchain Reporter. His introduction to the cryptocurrency universe was far from conventional. Instead of beginning
Ripple has recently expanded its University Blockchain Research Initiative (UBRI) program to include South Korea’s prestigious Yonsei University. This collaboration marks the 58th partnership for Ripple’s global UBRI program, with 12 of them being in the Asia Pacific region. Yonsei University will engage in a long-term research effort focusing on blockchain technology, including artificial intelligence,
Cardano recently underwent a Chang upgrade on its Layer-1 blockchain, introducing several key changes to the network. This upgrade included enhancements such as on-chain voting, Delegate Representatives, improved smart contract capabilities, and a new governance structure with cost model improvements. Despite the anticipated Chang upgrade, the price of Cardano (ADA) experienced a 2.7% drop, trading
The recent charges levied by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, highlight a crucial failure in ensuring that client assets were custodied with a qualified custodian. The SEC’s investigation revealed that Galois failed to uphold this fundamental responsibility, instead opting to hold the crypto assets with unqualified platforms
The recent price volatility of Bitcoin, including a drop below $50,000, has caused concern among analysts and investors. However, one crypto analyst, CryptoCon, remains bullish on Bitcoin’s future, predicting a sharp rise to over $100,000 once current price corrections stabilize. Despite the market turbulence, CryptoCon believes that Bitcoin’s highly anticipated bull run is still on
WazirX, a cryptocurrency exchange, has initiated the second phase of its fiat currency withdrawal process earlier than scheduled, signaling a sense of urgency following a recent security breach. The company’s CEO, Nishal Shetty, took to social media to inform users about the accelerated withdrawal process, allowing them to access a portion of their funds deposited
The US Securities and Exchange Commission (SEC) recently charged and settled with hedge fund Galois Capital Management LLC over a private fund managed by the firm that primarily invested in crypto. The charges were related to Galois Capital allegedly failing to comply with client asset safeguarding requirements, particularly crypto assets that were labeled as securities
Bitcoin’s recent drop below $56,000 has raised concerns among investors, with Arthur Hayes predicting a potential further decline to $50,000. Hayes, the co-founder of BitMEX, pointed to broader macroeconomic factors such as the Federal Reserve’s actions and the dynamics of the US Treasury market as reasons for his bearish outlook. He highlighted the rise in
The mobile gaming industry is buzzing with anticipation for the upcoming launch of Rebel Skies, a groundbreaking game developed by Faraway Games. Scheduled to hit the market in October 2024, Rebel Skies is generating excitement for its unique combination of action, real-time strategy (RTS), and deck building genres. This innovative approach promises players an immersive