Category Archives: Blockchain

Bitcoin, Ethereum fall: Whales panic as market corrects

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As October came to a close, Bitcoin and Ethereum faced challenges that fueled fear, doubt, and uncertainty among large holders. Bitcoin (BTC) dropped 1.75% in the past 24 hours, trading at $68,500 at the time of writing, with a market cap of approximately $1.35 trillion and a daily trading volume of $23 billion. Data from […]

BTC, EIGEN, KAS: Top cryptocurrencies to watch this week

BTC, EIGEN, KAS Top cryptocurrencies to watch this week

The market experienced significant fluctuations, with the global crypto market cap rising from $2.33 trillion to a three-month high of $2.5 trillion by mid-week, before settling at $2.38 trillion by the end of the week. Bitcoin led the upward trend, surging to retest the March 2024 all-time high above $73,000 before undergoing a major correction. […]

Bitcoin ETFs record total daily outflow of $54.94 million as BTC hovers at $69K

bitcoin-etfs-record-total-daily-outflow-of-54-94-million-as-btc-hovers-at-69k

As of November 1, the U.S. Bitcoin spot exchange-traded funds (ETFs) reported a notable daily outflow of $54.94 million, while Ethereum ETFs similarly faced a significant outflow of $10.93 million during the same period. Recent data provided by SoSoValue indicates that the U.S. Bitcoin spot ETFs recorded this outflow on November 1, resulting in a […]

NFT sales have decreased by 6%, totaling $84.6 million, while Solana has maintained its ranking for the second consecutive week.

nft-sales-drop-6-percent-84-6m-solana-top-ranking

In light of the recent downturn in the crypto market, the sales volume of non-fungible tokens (NFTs) has experienced a 6% decline, dropping to $84.6 million. Despite some recent indications of a potential recovery in the crypto space, any gains have now seemingly vanished. Data from CoinMarketCap shows that the global crypto market cap has […]

Trump meme coin spikes 40% after ex-President’s Milwaukee rally goes wrong

Following Donald Trump’s rally in Milwaukee, which was disrupted by technical difficulties and what some observers described as an unusually agitated performance, at least one Trump-themed meme coin saw a surge in value, while others experienced notable declines. Investors who had previously supported these coins due to the former president’s ties to digital currencies and […]

River Protocol acquires Llama to power decentralized governance

river-protocol-acquires-llama-to-power-decentralized-governance

River, an on-chain encrypted messaging protocol, has successfully acquired Llama, a smart contracts platform supported by Founders Fund that focuses on decentralized governance. This acquisition is expected to strengthen River’s governance framework across its ecosystem, as the protocol will integrate Llama’s open-source smart contracts technology into its various platforms. A blog post detailing the transaction […]

UAE and Switzerland lead as premier locations with no crypto tax, research finds

A recent research report produced by Coincub in collaboration with Blockpit provides valuable insights into how the varying tax policies implemented across different countries—from the absence of taxes in the United Arab Emirates to the significantly high tax rates found in the United States—have a substantial impact on the investment strategies adopted by cryptocurrency investors. […]

SingularityDAO to merge with Cogito Finance and SelfKey following community approval

singularitydao-to-merge-with-cogito-finance-and-selfkey-following-community-approval

SingularityDAO is poised to merge with Cogito Finance and SelfKey, resulting in the creation of Singularity Finance, a new layer-2 tokenization platform. This strategic decision comes after a successful governance vote, in which the SingularityDAO (SDAO) community overwhelmingly endorsed the merger proposal. Over 15 million SDAO tokens were cast during the voting process, with an […]

Whale panics amid Bitcoin dip, sells 2,019 BTC

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The recent decline in Bitcoin’s price, which has fallen below the $70,000 mark, has provoked a wave of panic among certain investors, particularly one notable whale who has chosen to sell off a significant portion of their holdings, amounting to 2,019 BTC, amidst rising concerns regarding the possibility of further downward movements in the market. […]