Over the years, the market has witnessed the rise of crypto assets as well as the Bitcoin (BTC) crash after several bull seasons. The fall of crypto prices is almost inevitable because of its volatility occasioning massive inflows and outflows. Bull seasons are marked by heightened inflows into the market leading to a higher asset […]
Supply Crunch Post Bitcoin Halving Will Not Affect Price, Says Marathon CEO
With the Bitcoin Halving approaching right around the corner, market participants are expecting the supply crunch post-halving to keep a bull momentum in place. However, Marathon Digital CEO Fred Thiel believes that the highly anticipated halving will not likely have an impact on the price of Bitcoin. Bitcoin Halving Affects Likely Already in Place The […]
Peter Schiff Warns Bitcoin ETF Issuers of Possible Lawsuits, Here’s Why
Peter Schiff, an acknowledged anti-crypto advocate, recently expressed his concern over Bitcoin ETFs. He adds that consumers will sue issuers with heavy losses despite risk disclosures. Schiff cites possible contradictions between private communications and public statements. Peter Schiff earlier called Bitcoin ETFs “speculative casinos” and doubted their sustainability. Even with his reservations, Bitcoin ETFs like […]
AI News: Intel To Smash NVIDIA Dominance With High-Tech Chip Gaudi 3
NVIDIA’s dominance in the Artificial Intelligence (AI) ecosystem is on the line as American multinational corporation and technology company Intel Corp has unveiled its new AI chip. Intel Lauds Gaudi 3’s Capabilities Over NVIDIA’s Alternative During its Vision event on April 9, Intel announced the coming launch of its semiconductor called Gaudi 3. Markedly, the […]
Fantom (FTM) Launches First Validator Using Sonic Tech, Price Shoots 8%
Fantom Foundation has announced that its first validator that utilizes Sonic technology is now live, marking a significant milestone for the Layer-1 scalable network. Fantom Sonic Built for Scalability The Fantom Sonic technology is designed to address the challenge associated with blockchain scalability. After some meticulous research, Fantom decided to build upon the foundation laid […]
Fidelity to Charge for ETF Trades Without Sponsor Support
Fidelity has announced plans to implement a new fee structure for exchange-traded fund (ETF) purchases. If the fund sponsors do not consent to the brokerage paying support fees, the investors will now be charged $100 for each trade on an ETF valued at $2,000 and over. On trades equivalent to or less than $2,000, the […]
Senator Warren Stresses On AML Compliance For Crypto Validators
Senator Elizabeth Warren has called for tougher regulators for crypto validators and stablecoin users to curb global illicit trade. At the United States Senate Banking Committee Hearing, Warren noted that crypto firms must be subject to similar Anti-Money Laundering (AML) regulations as their traditional finance counterparts. Speaking at the hearing was Treasury Deputy Secretary Wally […]
Expert Links Ripple Stablecoin Ambitions to Tether’s Success
Crypto author Panos Mekras recently linked Ripple’s stablecoin ambitions to Tether’s financial success. He shared this view after learning of Tether’s impressive earnings in 2023. According to an analysis by Maelstrom, based on public records, Tether recorded a net income of approximately $6.2 billion. This marked a significant increase from its earnings in the previous […]
A16z Crypto Launches Jolt to Boost Blockchain with ZK Proofs
Andreessen Horowitz’s crypto division, A16z Crypto, has introduced Jolt, a Zero-Knowledge Virtual Machine (zkVM). This development is expected to improve blockchain systems by using zero-knowledge proofs ability, specifically SNARKs (Succinct Non-Interactive Arguments of Knowledge), to achieve scalable ZK-rollups in the Layer 2 space. Zero-Knowledge Virtual Machine Jolt comes in as a remedy in the blockchain […]
Ethereum zkSync Welcomes Circle’s USD Coin for Layer-2 Stability
Circle, a leading stablecoin issuer, has officially expanded support for its USD Coin (USDC) to include Ethereum’s zkSync, a zero-knowledge layer-2 solution. This move, announced on April 9, 2024, marks a significant enhancement for the ecosystem, enabling developers to utilize USDC on a scalable and efficient platform. The integration is expected to benefit a wide […]