Bitcoin’s (BTC) price has dropped by 1% to approximately $62,900, coinciding with Federal Reserve Chairman Jerome Powell’s recent statements regarding the future of interest rates.  Speaking at the panel discussion on Tuesday, Fed Chair Powell underlined the necessity of persisting in restrained monetary policy, which was justified by the limited progress in reaching the Fed’s […]

Global central banks will likely get onto the rate reduction trajectory in the second half of this year, predicts the IMF. The International Monetary Fund also predicted that controlled inflation and declining inflation would aid the rate-cut view for most banks in the world.  Global Central Banks to Cut Rates in Second Half According to […]

The crypto market has dropped to the lowest performance of 2024, where the global market cap has declined to the $2.29 trillion mark after suffering a dip of 4.59%. Compared to the few hours ago data, the market seems to have healed a little, as the global trading volume has surged $117.92 billion after a […]

Slothana, a Solana-based memecoin inspired by the popular Slerf character, has garnered attention, raising over $10 million in its crypto presale in less than three weeks after going live. The Slothana countdown is now set at 14 days on its website. By this, the official launch of the SLOTH token is scheduled for April 29. […]

Top venture capital firm Andreessen Horowitz popularly called a16z has completed a funding round and realized a total of $7.2 billion in the process. a16z To Focus on American Dynamism and AI Axios stated that the initial target for the fundraiser was $6.9 billion, indicating that a16z successfully surpassed its mark by about 4%.  Drawing […]

Circle has completed a System and Organization Controls (SOC) 2 Type 2 audit. This audit follows the direction of the American Institute of Certified Public Accountants (AICPA) is evidence of the vigor of Circle’s security measures and commitment to the safety of client data. Contrary to a SOC 2 Type 1 report that examines the […]

Bitcoin mining firm, Hut 8 has announced optimization of its Salt Creek mining location in Texas ahead of the halving. In an April 16 statement, the North American-based miner disclosed innovations to its facilities. According to the statement, the miner energized one-third of its 63MW site to boost pre-halving figures giving the firm an edge. […]

Parcl, a decentralized real estate project based on the Solana blockchain network has announced the launch of its native PRCL tokens. Parcl confirmed that the user-earned points given for interacting with the real estate protocol shall be converted to PRCL tokens. $PRCL is now live. Early Parcl Ecosystem adopters & core community members have until […]

The South Korean Won (KRW) has overtaken the US Dollar (USD) in terms of trading volume against cryptocurrencies. A report by the financial analytics firm Kaiko revealed that in Q1 of 2024, transactions on centralized cryptocurrency exchanges involving the Won exceeded $456 billion. This narrowly edges out the trading volume of the US Dollar, which […]

The Drift DAO Foundation has revealed plans for the introduction of the DRIFT governance token, marking a significant milestone in advancing a fully community-driven protocol. This move aims to empower users and contributors to actively shape the future roadmap of the Drift ecosystem through decentralized decision-making processes. Drift DAO Launches Native Token The DRIFT governance […]