Neel Somani, the founder and CEO of the Ethereum layer 2 blockchain project Eclipse, has announced a temporary reduction in his role following allegations of sexual misconduct. In a statement posted on May 9th, Somani addressed the accusations, asserting his innocence while acknowledging the seriousness of the situation. Somani Denies Sexual Misconduct Allegations The allegations […]
‘Sleeping Giant’ XRP About To Awaken — Why Ripple’s XRP $5 Eruption Price Now Looks Nigh
Throughout 2024, Ripple’s XRP has lagged behind its top crypto rivals, registering around 4.5% year-to-date returns and failing to revisit its peak value set in January 2018. Contrarily, the wider cryptocurrency market has grown considerably, gaining circa 55% during the same timeframe. The key reason behind XRP’s underperformance is the U.S. Securities and Exchange Commission’s […]
The Investor’s Guide to Memecoins
The year was 2013: the first big crypto boom. Bitcoin started the year around $13, and skyrocketed to $1,100 by December. In response, many entrepreneurs began launching alternatives to bitcoin — Litecoin, Ripple, Peercoin — with their “altcoins” quickly making millions. In the midst of this madness, two guys launched the world’s most valuable joke. […]
Banking Giant Wells Fargo Reveals Investments in Bitcoin ETFs
Wells Fargo has disclosed exposure to Bitcoin via several crypto product investments, a filing with the SEC shows.
The XR Foundation Launches XR One: A Revolutionary Layer3 Blockchain; Saltwater Games Leads With 3 Titles in Development
PRESS RELEASE. The XR Foundation in partnership with Saltwater Games is proud to announce the launch of its gaming-dedicated blockchain, XR One. After receiving grant funding from the Arbitrum Foundation, the Saltwater.Labs team has co-developed the Layer 3 Orbit chain leveraging Arbitrum’s ecosystem of technologies. XR One will be powered by its native $XR token […]
Bitcoin’s roadmap to $75K – Why this pattern is critical for BTC’s price
A bullish pattern formed on Bitcoin’s chart, which, if played out, could push BTC’s price to $75k
Solana Insider Turns $600 Into $153K in Just 15 Hours – Potential Rug Pull Risk
According to the latest blockchain data from Lookonchain, a Solana insider allegedly converted a $600 investment into over $153,000 in just 15 hours while raising concerns about a potential “rug pull” scheme. The trader is also reported to be holding $2.5 million in unrealized profits from the suspicious transaction. The allegations stem from an insider’s dealings with […]
Dogecoin Gears Up For $0.20 Amid Rising Large Holder Netflow
Latest on-chain analytics data from IntoTheBlock suggests that long-term DOGE holders have an edge over cruisers. Continue reading at DailyCoin.
Top Polkadot (DOT) Price Predictions for 2024
TL;DR Despite its recent 14% decline to around $7, some analysts think Polkadot (DOT) has a huge potential to rally in the near future. A potential bull run depends on technical advancements and overcoming certain support zones. Is DOT a ‘Sleeping Giant?’ The blockchain protocol – Polkadot – has passed through numerous developments as of […]
Grayscale Maintains Steady Revenue Despite Massive GBTC Outflows in Q1
Grayscale Investments maintained stable revenue in the first quarter despite substantial outflows from the Grayscale Bitcoin Trust (GBTC), its converted spot bitcoin exchange-traded fund (ETF). The firm reported $156 million in revenue, little change from the previous quarter, as stated in a shareholder letter from Digital Currency Group (DCG), its parent company. The conversion of […]