Two major BRC-20 tokens experienced more than 40% drops in value on a weekly timeframe before the Bitcoin halving event. Concurrently, investors are now paying increased attention to Bitcoin Runes, a novel token standard on the Bitcoin network that streamlines the process of generating fungible tokens for users. ORDI and SATS down over 40% ahead … Read more
Based on a budget addendum released in 2024, Canada intends to implement the International Crypto-Asset Reporting Framework (CARF) for tax purposes by the year 2026. The country is taking an advanced approach to this upcoming regulation, which is anticipated to be adopted by 47 nations by the year 2027. Crypto asset service providers (CASPs), including … Read more
Ethereum’s disregard of L1s raises questions once again. Layer 2 security concerns challenge Ethereum’s decentralization commitment. During the current cryptocurrency market decline, Ethereum (ETH), the primary alternative coin, follows Bitcoin‘s (BTC) negative trend as indicated by their daily and weekly charts which are dominated by red colors. In one day, there was a small decrease … Read more
BTC accumulation climbs ahead of the halving event. The past few days have seen an uptick in market volatility. Reaching a new achievement, the amassing of Bitcoins (BTC) is nearing a significant point before the upcoming halving occurs in just a few hours. A recent analysis conducted by an anonymous expert at CryptoQuant under the … Read more
The role of halving events in Bitcoin’s scarcity mechanism and inflation control “Bitcoin’s design includes a regular halving process, which helps keep the supply of this cryptocurrency limited and protects it from the negative effects of inflation.” Bitcoin’s code includes a built-in mechanism called halving, which happens roughly every four years. During this event, the … Read more
Bearish sentiment around BOME and WIF was dominant in the market. Indicators looked bullish and bearish on BOME and WIF, respectively. With a downturned market, most cryptocurrencies experienced significant price decreases. Dogecoin (WIF) proved to be an exception, unfortunately, and was one of the hardest hit among meme coins. Despite the price declines for many … Read more