Author: Dren.H

Crypto traders wager $2.4M on SEC’s decision on spot Ethereum ETFs, with majority betting against approval by May. Crypto traders have collectively wagered over $2.4 million on the potential approval of spot Ethereum exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) before the end of May. This investment activity, occurring on the Polygon-based gambling platform Polymarket, underscores the high-risk, high-reward nature of the crypto trading world. Traders are starkly divided on the outcome, with a significant majority—81%—betting against the approval of spot Ether ETFs within the stipulated time frame. This overwhelming skepticism is mirrored in the…

Telegram Mini Apps aim to drive blockchain adoption by integrating user-friendly DApps into everyday messaging experiences. Telegram Mini Apps are emerging as a pivotal player. Justin Hyun, the TON Foundation’s Director of Investments, believes in the potential of these applications to seamlessly integrate blockchain into the daily digital experience of millions. With a strategic vision to onboard half a billion users by 2028, the approach hinges on simplicity and invisibility of blockchain’s complexities, making user engagement intuitive and straightforward. The inception of Telegram Mini Apps in 2020 marked a significant milestone. Developed in collaboration with The Open Network (TON) Foundation…

The growth of Bitcoin may surpass Microsoft in a year, aiming to eventually outvalue gold with significant price milestones ahead. Bitcoin is rapidly advancing on a path that could see it outperform Microsoft in terms of market capitalization within the next year. This trajectory places the cryptocurrency in an elite category, with only gold posing a significant challenge ahead. To ascend beyond gold and claim the pinnacle of the market cap leaderboard, Bitcoin would need its price to exceed $800,000. As of March 2024, Bitcoin celebrated a milestone by reaching a new all-time high of $73,679 on March 13. This…

The price of Litecoin soared 11% after the CFTC classified it as a commodity, boosting its market position. Litecoin (LTC) showcased a remarkable 11% price increase over the past 24 hours, securing its position as the second highest gainer among the top 100 cryptocurrencies. This performance is noteworthy especially when juxtaposed with the modest movements of Bitcoin and Ethereum, which saw less than a 2% correction in the same timeframe. Currently, the global cryptocurrency market cap holds steady at $2.79 trillion, experiencing a minimal 0.1% dip over the last day. CFTC’s Influence on Litecoin’s Bullish Run The catalyst behind Litecoin’s…

Magic Eden boosts Bitcoin ecosystem with Runes token standard, leading NFT market with innovative rewards. Magic Eden is taking a groundbreaking step in the cryptocurrency world by incorporating the new Runes token standard into the Bitcoin ecosystem. This move is anticipated to boost Bitcoin’s infrastructure significantly. Magic Eden, a leading cross-chain NFT marketplace, has seen its prominence skyrocket due to the rising interest in Bitcoin Ordinals. The platform has confirmed its support for the forthcoming Runes fungible token standard on Bitcoin, signaling a promising future for Bitcoin transactions and tokenization. The introduction of the Runes protocol on Bitcoin’s network is…

Vitalik Buterin prefers Farcaster over Twitter for quality interactions and its decentralized nature, sparking Elon Musk’s curiosity. In a world where social media serves as the battleground for ideas, Elon Musk’s inquiry into Vitalik Buterin’s reduced activity on Twitter has sparked widespread interest. Buterin, known for co-founding Ethereum, has been vocal about his preference for Farcaster, a decentralized social media platform, over Twitter. This preference became especially pronounced following Musk’s acquisition of Twitter in 2022, which led to significant changes on the platform. The Shift to Farcaster Vitalik Buterin’s pivot to Farcaster didn’t occur in a vacuum. At ETH Taipei,…

Ripple Labs faces a $2 billion SEC penalty amid an ongoing legal battle over unregistered securities sales. In a recent development, Ripple Labs is bracing for a $2 billion penalty sought by the US Securities and Exchange Commission (SEC). Stuart Alderoty, the Chief Legal Officer of Ripple, revealed this information through a Twitter post on Monday, indicating the SEC’s intention to press for the fine in an upcoming court session. SEC’s Legal Battle with Ripple The SEC, a key regulatory body overseeing securities in the United States, has been engaged in a prolonged legal conflict with Ripple, the entity behind…

Bitcoin surges to $71,000 pre-halving, led by significant accumulation and investor optimism. Bitcoin has experienced a notable rebound, regaining its value to touch $71,000 in the recent trading surge on March 25. This movement comes as a potential end to the pre-halving retracement period, marked by a significant accumulation day that caught many traders by surprise. On this day, Bitcoin witnessed a considerable uptick in its accumulation rates, hinting at a positive momentum ahead of its forthcoming halving event. Accumulation Surge Sparks Optimism A recent analysis by blockchain analytics firm Santiment highlighted an unexpected surge in Bitcoin accumulation. Over the…

Bitcoin’s price surged by 155% from its low point at the end of 2022, closing the year at $42,217. This increase was largely fueled by expectations of a spot Bitcoin ETF approval, the recovery from the aftermath of FTX’s collapse, and several high-profile bankruptcies in late 2022. Additionally, the introduction of the ordinals protocol and inscriptions spurred a 336% year-over-year jump in transaction fees, contributing to the growth of web3 applications and Bitcoin tokenization. These developments, coupled with the arrival of more efficient ASIC mining machines, propelled a 104% increase in network difficulty. Yet, the hashprice, a measure of mining…

US manufacturing firms are leveraging the industrial metaverse for efficiency and innovation, led by key sectors and facing AI challenges. In the landscape of manufacturing, the United States is witnessing a transformative shift as firms increasingly turn to the industrial metaverse. The World Economic Forum (WEF) has identified sectors such as automotive, energy, software, aerospace, and defense as pioneers in this revolutionary investment. A significant study released by the WEF on March 12 reveals a compelling trend: 92% of executives from America’s manufacturing sector are diving into the metaverse to enhance their operational capabilities. This surge of interest comes in…