Coinbase Layer-2 scaling solution Base has outperformed the likes of Arbitrum and Ethereum in terms of the volume of daily transactions. Base Transaction Spike According to L2Beat data, Base’s 30-day transaction count is at 45.21 million, Arbitrum One at 38.58 million, and Ethereum at 37.93 million. Noteworthy, Arbitrum Nova has the highest 30-day transaction count […]
Will Bitcoin Price Extend Its Recovery in April? Historical Insights Say Yes
Bitcoin Price: The largest cryptocurrency market cap, Bitcoin, has been trading sideways for over a month evidenced by the two converging trendlines. The daily chart shows this consolidation as the formation of a pennant pattern— a chart setup that leads to temporary correction to regain strength for the next leap. Should you enter this dip? […]
AI News: Top Official Says US Is Relying On UK’s AI Expertise
British Secretary of State for Science, Innovation and Technology Michelle Donelan stated that the United States is relying on the UK’s Artificial Intelligence (AI) expertise considering that the latter is more advanced in the field. Artificial Intelligence Safety Pursuit Formalized As reported by The Telegraph, Donelan was in Washington DC earlier this week to sign […]
Bitcoin Mining Stocks Shed Accumulated Gains
The volatility of Bitcoin continues to cause upsets in related industries like mining and other crypto stocks. Bitcoin mining stocks have plunged in the last 24 hours extending days in the red zone before the market recorded sell-offs. Like other crypto stocks, mining stocks are influenced by market movements, macroeconomic factors, and industry events […]
Here’s Why Polygon Price Sees 22% Fall Amid Market Correction
Polygon Price: The recent market correction took a notable toll on the layer 2 scalability platform, Polygon (Matic). From the mid-March peak of $1.29, the coin price plunged with a V-top reversal and lost 30% in value to reach $0.89. A look at the daily chart shows this correction as the formation of an inverted […]
Joe Biden Election Money Raise Stays Ahead of Trump; Are Crypto Voters Onboard?
Crypto voters are keenly watching the events unfold ahead of the key US 2024 elections. With debates, revelations, promises, and new laws in the pipeline, the race for the presidency is getting heated day after day. In a new development, Bloomberg reports that in March, President Joe Biden raised over $90 million for the Democratic […]
Bitcoin Whale Buys $1 Billion Worth of Assets: Bullish Outlook?
A Bitcoin whale has made a huge purchase signalling increasing market sentiment as the halving approaches. On-chain data from BitInfoCharts shows an inflow of 15,745 BTC on April 6 amid the slight increase in prices in the last 24 hours. Despite the market trading sideways, bullish activity remains with analysts projecting more gains before the […]
Spot Ethereum ETF: Polymarket Pegs Approval Odds At 45%
It doesn’t look too promising for spot Ethereum ETFs as the odds of receiving approval from the United States Securities and Exchange Commission (SEC) on or before May 31 have not improved based on market observer’s take. Polymarket Spot Ethereum ETF Approval Odds Pegged at 45% Data from the top prediction platform Polymarket shows that […]
Cardano Founder Endorses Pro-Bitcoin Presidential Candidate RFK
United States Presidential candidate Robert Francis Kennedy Jr., also known by his initials RFK, has been endorsed by Cardano founder Charles Hoskinson. Cardano Founder Says RFK Deserves More Votes The Cardano founder acknowledged that he has been approached several times to discuss who he intends to support in the forthcoming U.S. Presidential elections. After conversing […]
Marathon Wallets With Over $1 Bln of Bitcoin Get Identified Ahead of Halving
Marathon Wallets worth $1.1 billion Bitcoin were traced recently. These wallets, which summed up to around 23, have generated a revenue of $387.5 million revenue. Noticeably, the immense holdings of Bitcoin in these wallets come right before the anticipated halving. The holdings also come in the backdrop of a rising demand for Bitcoin ETFs. Marathon […]