Ethereum’s price recently demonstrated resilience by bouncing back from the critical $3,500 support level. Following an earlier ascent that pushed past the same level, the cryptocurrency is facing the challenge of breaking through the psychological $4,000 resistance. While the market has seen a bullish surge, it is important to recognize the tendency for periods of
Crypto
Recent data analysis from the United States Treasury highlights a notable surge in cryptocurrency ownership among households, with figures showing a near tripling of holders between 2020 and 2021. This rapid increase in cryptocurrency adoption reflects a growing trend among consumers to diversify their asset portfolios, influenced by enticing returns and the broader mainstream acceptance
In a recent development within the private markets, SecondLane has made waves by listing a 1% equity stake in the burgeoning platform, Pump.fun, at a valuation of $15 million. This appraisal places Pump.fun’s fully diluted valuation at a striking $1.5 billion. The equity can be acquired through both SecondLane’s web application and its active Telegram
In recent weeks, Shiba Inu (SHIB), the celebrated meme coin that has captured the attention of crypto enthusiasts, experienced a surprising uptick in its market activity. After a period of stagnation, SHIB reached a significant milestone today, breaking past the $0.000033 mark. This sudden momentum allowed it to briefly reclaim a position within the top
In the burgeoning world of blockchain technology, Base, incubated by Coinbase, has emerged as a formidable entity within the Ethereum Layer 2 landscape since the launch of its mainnet on August 9, 2023. The recent analysis provided by Delphi Digital indicates that Base’s growth trajectory has been nothing short of extraordinary. This article dissects the
Despite experiencing a minor retreat in market activity, Cardano (ADA) has managed to uphold its position among the top ten cryptocurrencies by market capitalization. The digital asset has demonstrated a formidable recovery, soaring over 7% in recent days. This uptick aligns with a broader bullish trend manifesting within the cryptocurrency market. Observers note that such
November 2024 was marked by an unprecedented surge in hacking incidents, which accounted for a staggering 99.96% of total financial losses within the cryptocurrency domain. During this month, fraud and rug pulls saw a notable decrease, with total losses dropping to a mere $25,300 through just two reported events. This sharp contrast illustrates an alarming
The landscape of cryptocurrency mining in the United States is undergoing turbulent times, particularly for owners of Antminer ASIC miners. Recently, US Customs and Border Protection (CBP) has detained several shipments of Antminer models at various ports throughout the country, significantly impacting operations for several bitcoin mining companies. These companies, opting to remain unnamed, have
In a significant shift, Coinbase has announced the cessation of rewards for USD Coin (USDC) holders located in the European Economic Area (EEA) starting November 1. This decision arises from anticipated regulatory changes pertaining to e-money tokens, primarily influenced by the impending implementation of the Markets in Crypto Assets (MiCA) regulations. The MiCA framework proposes
The landscape of digital finance is rapidly evolving, yet stablecoins remain a relatively minor component of the global financial ecosystem, with a market capitalization of under $200 billion. This figure represents a mere 1% of the entire U.S. money supply and foreign exchange operations, underscoring the nascent stage of stablecoin adoption. Despite their current size,