Officially launched on April 3, 2024 amidst crypto market crash, Wormhole commanded a total market capitalization of approximately 3 billion. Launched on OpenBook decentralized exchange based on Solana, it started trading at a price of $1.61. The bridging protocol distributed 674 million tokens valued at $896 million, amounting to 6.75% of the total supply, to […]

In a cautionary statement on X, Raj Gokal, the Co-Founder and COO of Solana Labs, has issued a stern warning to investors. He advises against sending funds to random Solana addresses for presales. Furthermore, this advisory comes in the wake of a significant loss of $906,000 in funds due to a rugged meme coin presale […]

Ethereum has matured as an asset and a building platform, especially for smart contracts and decentralized applications (dApps). Its emergence as a Bitcoin competitor forever changed the crypto landscape, paving the way for many ecosystems supported by the protocol. However, it soon became apparent newer Ethereum competitors offered faster, cheaper, and less congested networks — […]

New York City Mayor Eric Adams has stood by the city’s newly introduced artificial intelligence chatbot despite it providing business owners with misleading information, some of which could lead to legal violations. Despite being launched as a pilot project in October, the MyCity chatbot was created with the aim of providing business owners with accurate […]

After a good month, the crypto market has faced a few setbacks where the majority of cryptocurrencies lost their weeks of gains. As for today, the market seems to be recovering and moving towards new elevations. In this blog, let us discuss what the crypto market is doing today. Crypto Market Performance Today The global […]

The stronger-than-expected jobs report released by the U.S. Bureau of Labor Statistics raised concerns among stock and crypto market investors. Fed swap now indicates rate cuts in June and July are off the table and the U.S. Federal Reserve can start rate cuts in September. CoinGape earlier reported the same timeline. Fed Rate Cuts in […]

Zimbabwe has replaced its faltering local dollar with a new gold-backed currency, named the Zimbabwe Gold (ZiG). This move, instigated by the administration of the President Emmerson Mnangagwa, indicates a major change in the nation’s monetary policy. ZIMBABWE’S MUCH ANTICIPATED NEW GOLD-BACKED ‘STRUCTURED CURRENCY’, THE ZiG, LAUNCHED The Reserve Bank of Zimbabwe [RBZ] today launched […]

The top crypto prices today didn’t witness much change as the Bitcoin (BTC) price sustained above the $67,000 level. In addition, the Ethereum price soared beyond the $3,300 mark. Meanwhile, other top altcoins, such as XRP and Cardano (ADA), Solana (SOL) dropped in value. Major Crypto Prices Today The Bitcoin price was up by 0.20% […]

Costa Rica has reignited discussions regarding the legalization of Bitcoin (BTC) and other digital assets for daily transactions. This move comes amidst a global trend towards embracing cryptocurrencies. Moreover, Costa Rica is poised to potentially join the ranks of nations embracing the digital currency revolution. Costa Rica Contemplates On Embracing Bitcoin JAN3, a Bitcoin technology […]

ADA, the native cryptocurrency of the Cardano ecosystem recently reverted from the $0.68 level amid the broader market correction. This lower high formation in the daily chart indicates the traders are selling on a bullish bounce which tumbled the ADA value 17.8% within a fortnight. Moreover, the declining price now challenges the key support of […]