Author: Maria

As the cryptocurrency world anxiously awaits the decision regarding Ethereum Spot Exchange-Traded Funds (ETFs) from the United States Securities and Exchange Commission (SEC), much has been said about the variables that could influence the Commission’s ruling. Author and finance lawyer Scott Johnsson enters the discussion and highlights an important point: the SEC might consider Ethereum’s security status when deciding on the exchange products in the upcoming days, particularly on May 31. Ethereum Security Question Poises Approval Hurdles In an X post, Scott Johnsson shared a few screenshots that highlight the question of whether the Nasdaq Stock Market LLC (“Nasdaq” or…

Data shows the Litecoin mining hashrate is approaching a new all-time high, despite miners earning half the rewards since the halving. Litecoin Mining Hashrate Is Close To Setting A New All-Time High Like Bitcoin, Litecoin is a proof-of-work (PoW) network, meaning that chain validators called miners have to compete against each other using computing power to get a chance of hashing the next block. The “mining hashrate” is an indicator that keeps track of the total amount of such computing power that miners have currently connected to the Litecoin network. This computing power can be expensive, as aside from the…

Elon Musk has Tweeted a Youtube video that ‘explains everything’ about DogecoinElon’s was responding to a Tweet by the Director of Research at Ark Invest, Brett WintonWinton’s tweet featured a conversation in which he was trying to explain Bitcoin to his mumThe 2014 Youtube video posted by Elon, summarizes the genesis of Dogecoin Elon Musk, the entrepreneur and business magnate known for his work at Tesla, Space X, the Boring Company, Neuarlink and OpenAI, has shared a Youtube video on Twitter that ‘explains everything’ about the popular meme-coin of Dogecoin (DOGE). Elon’s was responding to another tweet by the Director…

Litecoin, one of the oldest digital assets in the industry, has recently seen a significant resurgence. After a period of relative obscurity, the “digital silver” to Bitcoin’s digital gold suddenly surged into the limelight.Litecoin’s price has risen by 183% since last year’s June lows, with a 60% increase in just the last two weeks. This surge is attributed to several factors, including its survival through multiple bear markets, increased adoption, and an upcoming halving event.ResilienceIn a detailed analysis by Reddit user u/TarkovRedditor, Litecoin’s resilience in market downturns has made it a safer bet for many investors. Since 2017, only 41…

Two Bitcoin whale addresses that had laid dormant for almost 11 years have suddenly sprung to life, taking the market by surprise. The anonymous whale wallets have initiated large-scale Bitcoin transactions, reaping substantial profits from their early investments in the pioneer cryptocurrency.  Early Bitcoin Whales Move 1,000 BTC Blockchain analytics platform Lookonchain took to X (formerly Twitter) recently to unveil two Satoshi-era whale wallets which have been inert for 10.7 years suddenly showing signs of activity. The on-chain data analysis tool disclosed that the anonymous whale wallets, identified as “16vRqA” and “1DUJuH” had cumulatively transferred a total of 1,000 BTC…

Ethereum remains under immense selling pressure, shaving over 30% from March 2024 highs. With prices recently dropping below $3,000 and sellers doubling down, there could be no reprieve for optimistic buyers in the sessions to come.  Analyst Expects One More “Washout” To $2,700 Taking to X, one analyst notes that the coin is still bearish and moving inside a falling wedge. The trader predicts that ETH will continue dropping below immediate support levels.  ETH remains bearish | Source: Analyst on X In a post, the trader predicts a potential “washout” for ETH that would likely see the coin fall below $2,700.…

The allure of play-to-earn and in-game ownership fueled a recent boom in blockchain games, but a new report casts a chilling light on the sector’s sustainability. Out of 1,318 blockchain-based games launched since 2021, a staggering 407, over 30%, have already been discontinued or abandoned. This stark statistic, compiled by BlockchainGamer.biz, paints a picture of an industry grappling with fundamental challenges. Smaller, underfunded projects appear particularly vulnerable, often vanishing silently without any official announcement. Are Blockchain Games Going Extinct? The Main Culprit Funding constraints and evolving market conditions are cited as the primary culprits, suggesting that building a successful blockchain…

Bitcoin and Crypto Markets Continue Their Slide…But Why?!Litecoin is trading more than 40% lower than pre-halving local highs. But according to an ominous-sounding technical analysis signal, LTC could have a lot more decline ahead. Litecoin Triggers Death Cross After Halving Rally Failure This month, the Litecoin block reward halving came and went, leading to very little upside. The disappointment is partly responsible for the depth of the recent post-halving crash. The rest is part of a broader market correction driven by Bitcoin. The cryptocurrency has lost around 45% of its value since late June. The fallout from all the selling…

After five weeks of fleeing the digital asset market, investors are cautiously dipping their toes back in, with Bitcoin (BTC) emerging as the clear favorite. A recent report by CoinShares reveals a net inflow of $130 million into crypto investment products, marking a potential turning point after a period of sustained outflows. US Investors Lead The Charge The United States emerged as the primary driver of this shift, contributing the lion’s share of the inflows. This trend can be attributed, at least partially, to a slowdown in selling pressure from Grayscale, the world’s largest digital currency asset manager. Grayscale’s Bitcoin…

Terra (LUNA) has hit a new all-time high of $115.23The LUNA Foundation is determined to keep buying BitcoinTerra’s founder wants to increase LUNA’s Bitcoin reserves to $10 Billion and to be the single largest holder of Bitcoin after SatoshiLUNA and the purchases of the Foundation could ignite a Bitcoin and crypto-wide bull run The digital asset of Terra (LUNA) has hit a new all-time high of $115.23. The milestone was hit a few moments ago with the digital asset looking ready to keep on pushing higher as seen in the daily LUNA/USDT chart. LUNA/USDT daily chart From the daily LUNA/USDT…