Bitcoin’s next significant demand zone was around $56,000. Demand slowed down, both from new ETFs and existing holders. Bitcoin’s price dropped by over 4% within the last 24 hours, reaching the $62,000 range based on data from CoinMarketCap. The trading activity saw a significant increase of approximately 5%, amounting to around $45 billion in total … Read more
According to Markus Thielen, the founder of 10x Research, the stock and cryptocurrency markets may be on the verge of a major price adjustment or downturn. Last night, we made the decision to sell all our assets, explained Thielen in a note from the 16th of April. He attributed this pessimistic view to continuous inflation, … Read more
The UK Treasury plans to unveil regulations for crypto assets and stablecoins by July, fostering homegrown ingenuity in digital currencies and blockchain tech within the country. At the Innovate Finance Global Summit 2024, Bim Afolami, the U.K.’s economic secretary to the Treasury, shared updates on the government’s efforts to prepare for a major overhaul of … Read more
Some large companies in the cryptocurrency sector, such as Bitcoin Depot, which runs Bitcoin ATMs, have experienced minimal impact from the volatile price swings of cryptocurrencies like Bitcoin. Bitcoin Depot, the largest Bitcoin ATM company in the US, mentioned in their annual report filed on April 15 that there hasn’t been a consistent connection between … Read more
Microsoft deepens its involvement in the international AI sector through a significant collaboration and $1.5 billion financial commitment to G42, an Abu Dhabi-based technology firm specializing in artificial intelligence. On April 16, Microsoft revealed that the purpose of their investment is to accelerate artificial intelligence (AI) advancements and broaden access to innovative tech in the … Read more
What is the IBC protocol? IBC is an open-source protocol designed to facilitate message relaying between separate distributed ledgers and was developed to connect independent blockchains. The IBC protocol serves as a bridge for data exchange and interaction between various blockchains, or “zones.” It’s a secure digital connection among multiple blockchain networks, allowing for the … Read more