Crypto

Bitcoin continues to hover around the $70,000 target, regaining the momentum it had earlier last year in hopes of pushing for another major bull run. If it does break the $70k barrier and stabilizes there, analysts believe BTC may end up pushing toward $80,000 during the summer rally. But as we prepare for this summer rally, there are a few …

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech landscape by enabling decentralized projects in real-world infrastructure. Here’s what happened recently in the DePin sector: io.net’s CEO stepped down just before their token launch, Helium Mobile reached over 92,000 subscribers, and the number of active decentralized physical infrastructure projects grew to more than 1,200. CEO of io.net Steps Down Solana-based …

Ripple announced the creation of the XRPL Japan and Korea Fund on June 11, 2024, marking a major strategic move to deepen its engagement with blockchain innovation in East Asia. This initiative is part of a broader commitment from Ripple, allocating 1 billion XRP (worth approximately $490 million) to support various activities that catalyze the growth and development of the …

Blockchain analytic firm Elliptic recently released a comprehensive report titled “The State of AI-Enabled Crypto Crime: Emerging Typologies and Trends to Look Out For.” This report sheds light on the alarming rise of artificial intelligence (AI) to facilitate various crypto crimes. While AI has been a game-changer for many industries, its misuse in crypto is becoming a significant concern. How …

As the 2024 US presidential election approaches, the prospects for altcoin exchange-traded funds (ETFs), particularly Solana, could hinge significantly on the political outcome. The Securities and Exchange Commission (SEC) has recently shown some leniency by allowing fund managers to list spot Ethereum ETFs. However, SEC Chair Gary Gensler cautioned that it would take time for these to launch. Trump Victory …

Over the weekend, Bitcoin suffered from mounting sell pressure that pushed the price below $70,000 once again. However, with the short-term hold profitability remaining low at this time, the risk of the pioneer cryptocurrency suffering further sell-offs has dropped significantly. Bitcoin Short-Term Holder Profitability At 3.35% Crypto analyst Ali Martinez has soothed Bitcoin investors’ nerves with new data that shows …

Solana Foundation has removed several validator operators from its network delegation group, citing their involvement in sandwich attacks against users.  Reportedly, the bad actors added mods to their validators to enable sandwiching on Solana. Validators Stricken Off Delegation Program For Attacking Retail Users The Solana network struck off several validators from the ecosystem’s delegation program as punishment for violating the Foundation’s …

The Solana Foundation has expelled a number of validator operators from its influential delegation program. This action is attributed to their involvement in executing “sandwich attacks” against unsuspecting network users, a form of predatory trading that undermines network integrity. The decision adds a new layer to the escalating rivalry between Solana and Ethereum, highlighting broader concerns over network governance and …

Apple’s latest iOS 18 introduces Tap to Cash, a seamless way to transfer money using Apple Pay. This feature lets users send money instantly by simply bringing their phones close together. However, as Tap to Cash gains traction, it could potentially overshadow the utility of cryptocurrencies for payments. Does Apple Tap to Cash Endanger Crypto Payments? Crypto has been steadily …

Solana and top cryptocurrencies like Ethereum and Bitcoin are struggling at spot rates. Following the plunge on June 6, prices are under pressure, cementing the position of sellers who have been dominant since late May 2024. Will The Solana Uptrend Remain? Even so, some analysts are upbeat, expecting not only altcoins to recover in the sessions ahead but specifically for …