The Open Interest and price of Bitcoin Cash (BCH) have significantly dropped during the past week following its halving on April 4. This decline came after a short-lived surge in momentum that had built up prior to the event. According to CoinGlass, the Bitcoin Cash Open Interest was $378.3 million on April 12th, marking a … Read more
The anticipated Pectra update for Ethereum, scheduled around the end of 2024 or beginning of 2025, introduces enhanced functionalities and improved user experiences (UX) for crypto wallets. EIP-3074, a proposal for enhancing Ethereum, was given the green light for implementation in the upcoming release. With this change, regular crypto wallets will acquire smart contract capabilities. … Read more
Elon Musk, a tech businessman known for his innovative companies, aims to secure approximately $4 billion in funding for his new artificial intelligence venture, xAI. This up-and-coming firm is behind the creation of Grok, an advanced AI chatbot that utilizes the X-linked technology. Some investors have been given the opportunity to invest in the AI … Read more
With the implementation of the Pectra hard fork and EIP-3074 upgrade, Ethereum users can now relax knowing they won’t have to fear losing their seed phrases anymore. This is due to a novel “social recovery” mechanism that allows account recovery through a network of trusted contacts. Tim Beiko, an Ethereum core developer, announced on April … Read more
Traders holding Bitcoin on margin may be in for an unpleasant shock as the digital currency reaches a significant juncture, potentially leading to unpredictable price swings, caution analysts. “HoneyBadger, a pseudonymous crypto trader, stated in a recent April 11 post on X that the market was previously quite forgiving, but now there’s excessive leverage and … Read more
Market analysts believe that the period when lesser-known cryptocurrencies significantly increase in value during a bull market, often referred to as “altseason,” may be just around the corner. April 11 marked the observation by trader and analyst ‘Rekt Capital’ that the total market value of altcoins has remained steady, despite Bitcoin’s (BTC) price fluctuating significantly … Read more