Summers have not been kind to Bitcoin historically, and 2024 is proving to be no different. Since the beginning of summer in June, the price of Bitcoin has been struggling, experiencing multiple flash crashes that have shaken the cryptocurrency market. The once soaring price of Bitcoin, which was over $70,000, has plummeted below $50,000 at
X Empire, formerly known as Musk Empire Game, is a tap-to-earn crypto game on Telegram that has captured the attention of players looking to earn rewards through virtual mining. The game combines the popular trend of cryptocurrency with simple tap-to-earn mechanics, creating a unique and engaging experience within the world of blockchain-based games. At the
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
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