Analysts see $60K as the 2024 cycle’s correction bottom. However, price consolidation could extend for longer. The previous week presented significant challenges for markets, particularly for riskier assets such as Bitcoin [BTC]. US stocks ended the week with declines. In April, BTC experienced weekly losses similar to before, reaching a low of $59.6K. This occurred … Read more
Thai officials have chosen to prohibit unauthorized cryptocurrency trading platforms from functioning within the borders of the country, aiming to curb money laundering and other illicit online activities. The Thai Securities and Exchange Commission (SEC) intends to provide a report to the Ministry of Digital Economy and Society detailing crypto exchanges operating in Thailand without … Read more
Bitcoin’s new halving period kicks off with a strong start as the price approaches $70,000, bringing bulls one step closer. The price of Bitcoin may be regaining momentum following the productive “halving” event, marking a new phase or era in the cryptocurrency’s development. After a turbulent week where Bitcoin dipped to its lowest point in … Read more
RFK Jr., an American presidential hopeful, proposes using blockchain technology to oversee the entire US federal budget. At a rally in Michigan on the 21st of April, he suggested an idea and mentioned that this action would enable every American to examine “each budget item whenever they please, around the clock.” “We’re gonna have 300 … Read more
Industry experts are raising concerns that EigenLayer, Ethereum’s leading staking protocol in terms of total value secured, may be experiencing a significant yield issue. Because EigenLayer is experiencing swift expansion in Total Value Locked (TVL), there’s a concern that its Actively Validated Services (AVS) might become insufficient, potentially causing significant yield decreases. This was expressed … Read more
Manchester City, a leading football team in the Premier League, is introducing a fresh NFT (non-fungible token) series. This innovative collection grants fortunate fans exclusive opportunities to secure rare jerseys and coveted matchday perks. In their newest collaboration, the “Unseen City Shirts” campaign represents an ongoing alliance between the campaign and cryptocurrency exchange OKX. Through … Read more