Overview: BlockDAG’s Market Influence Soars With $2.3 Million Miner Sales, Outshining Ethereum And Toncoin In 2024 In the transformative landscape of 2024’s cryptocurrency market, BlockDAG has captured significant attention with its innovative X Series mining rigs, which has achieved over $2.3 million in sales. This technological advancement signals a potential 30,000x return on investment, positioning […]

Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364. Modest Growth Noted […]

Peter Schiff believes that the price of Bitcoin is going to slide to $54,000 in the short term

The Federal Court has found BPS Financial Pty Ltd (BPS) guilty of engaging in unlicensed conduct concerning the ‘Qoin Wallet’, a non-cash payment facility utilizing a crypto-asset token known as ‘Qoin.’ The judgment was delivered by Justice Downes in proceedings brought by ASIC. Further Proceedings Ordered by the Court The court determined that BPS, from […]

A prominent layer-2 scaling solution for the meme asset Dogecoin (DOGE) is announcing that it is going to be shutting down its wallet services next month. In a new thread on the social media platform X, Mishaboar, one of Dogecoin’s developers, tells investors to make sure they move their DOGE out of the Dogechain wallet […]

Popular trader and economist Alex Krüger says he’s currently “max long” on the crypto market. Krüger tells his 173,800 followers on the social media platform X that he’s hedged and unhedged multiple times but he’s now max long in “very concentrated positions.” The economist notes that he’s looking to “de-risk” soon. However, he acknowledges that […]

In a Keynote address at MicroStrategy World: Bitcoin for Corporations, MicroStrategy Executive Chairman Michael Saylor delivered a masterclass on corporate finance and the power of bitcoin to supercharge corporate balance sheets. Saylor made a point to emphasize Bitcoin as the single solution for capital appreciation in an inflationary environment. In his speech, Saylor likened the […]

Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Polygon’s Busy Streets: A Sign Of Growth Or Gridlock? […]

EigenLayer is handing out an extra 100 to 110 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop.

[PRESS RELEASE – Zug, Switzerland, May 3rd, 2024] Chronicle Protocol is proud to announce the launch of support for zkSync. Scribe, blockchain’s first fully verifiable and cost-efficient Oracle, is live now on zkSync Era. Chronicle Protocol’s integration of zkSync unlocks decentralized, secure, and resilient price feeds for over 100 dApps already in the ecosystem. Chronicle […]

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PRESS RELEASE. Road Town, British Virgin Islands — May 2, 2024. EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two […]

HodlX Guest Post  Submit Your Post   AI in gaming is nothing new, but recent AI advancements provide numerous new ways to enhance games and their user experience – even if gamers themselves don’t particularly love it. Whether leveraging AI to produce realistic enemy behavior and motion matching in ‘The Last of Us‘ or more accurately […]

A closely followed crypto strategist is warning that Bitcoin (BTC) may not yet be done correcting. Pseudonymous analyst Altcoin Sherpa tells his 215,800 followers on the social media platform X that only after Bitcoin reclaims the $60,000 level will he have more confidence a bullish reversal is occurring. “BTC: don’t think we’re out of the […]

TL;DR Partnership Formed: zkSync and Alchemy have partnered to expand Ethereum’s layer-2 ecosystem, introducing features to connect zkrollups with the web3 domain. Developer Empowerment: The collaboration brings Alchemy’s developer tools to zkSync, offering advanced APIs, custom RPCs, and more for efficient blockchain application development. Ecosystem Growth: This partnership is set to enhance the zkRollup ecosystem, […]

TL;DR MoonPay and PayPal partner for crypto purchases in the US MoonPay is the first to integrate for users in the US. Crypto purchases on MoonPay with PayPal Balance, bank withdrawals or debit cards. The integration between MoonPay and PayPal for US users marks a significant step forward in simplifying fiat-to-crypto transactions. MoonPay, by integrating […]

BlackRock collaborates with Securitize to launch Ethereum-based fund “BUIDL,” targeting qualified investors with a stable-value investment. The BUIDL fund, backed by low-risk assets, offers daily dividends paid directly to investors’ wallets, enhancing liquidity and yield. With the capability to transfer tokens easily via Circle’s smart contracts, BUIDL merges traditional finance and digital asset flexibility. BlackRock […]

BlockDAG Presale Skyrockets Following Forbes’ Accidental Exposure of an Advisory Commitee Member A recent Forbes publication has ignited a wave of speculation within the cryptocurrency community by unintentionally naming a potential and rumored board member, Charlie Lee, associated with BlockDAG (BDAG). This unexpected disclosure raises questions about the impact of this innovative crypto project and […]

Ripple’s escrow activity sees major twist, 800 million XRP sent in

Bitget has released its latest Proof of Reserves (PoR) report for April 2024, highlighting a Bitcoin reserve ratio of more than 335%. The cryptocurrency exchange also indicated significant growth in USDT and ETH user assets since January 2024. The latest report arrived more than a week after the Bitcoin halving event. Exceeding $2.7B in Reserves […]

BNP Paribas, the second largest European bank, has purchased exposure to Bitcoin via a spot ETF, per recent 13F filings with the SEC .  The filings show BNP Paribas bought BlackRock’s iShares Bitcoin Trust ETF (IBIT). JUST IN: 🇫🇷 Second largest European bank, BNP Paribas reports exposure to #Bitcoin ETF in 13F filings. It's just […]

Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle.  Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month […]

Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin.

TL;DR Shiba Inu experienced a 5% price increase daily, with optimistic forecasts from analysts like Ali Martinez, who predicts a significant upcoming rally due to positive chart patterns. The potential for an uptick is supported by a significant resurgence in SHIB’s burning program and ongoing enhancements to Shibarium. Betting on a SHIB Bull Run The […]

… a figurehead. After the cryptocurrency project has flopped so far, the 39-year-old Swiss is facing a lawsuit from disappointed investors.

Widely followed analyst Benjamin Cowen is warning that Bitcoin (BTC) could fall further after the flagship crypto asset hit a low last recorded in February. Cowen tells his 801,000 YouTube subscribers in a new video that Bitcoin could experience more downward pressure if the price falls below the 100-day simple moving average (SMA). “In the […]

Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services. Coinbase Adds Lightning […]

Asset management giant BlackRock says it is seeing growing interest in Bitcoin ETFs from institutional players like sovereign wealth funds and pension funds.  This comes after a hugely successful debut for BlackRock’s Bitcoin ETF, iShares IBIT, which was approved by the Securities and Exchange Commission earlier this year. BREAKING: Blackrock says “Sovereign wealth funds, pension […]

An analyst has explained how the “fair value” of Bitcoin appears to be on track to achieve the $1 million milestone by 2035. Bitcoin Total User Count Could Forecast Fair Value Path Forward In a new post on X, analyst Willy Woo has discussed about how the fair value of Bitcoin could look like in […]

TL;DR JPMorgan maintains a cautious stance towards cryptocurrency markets due to several negative factors. A lack of positive catalysts, declining retail momentum, and other headwinds continue to impact the market. Analysis highlights the influence of retail investors in the recent sell-off in cryptocurrency markets. In a context marked by volatility and fluctuations in cryptocurrency markets, […]

Litecoin founder Charlie Lee sees potential for an LTC ETF, stressing demand over regulatory hurdles. He said that despite some institutional interest this is still lagging behind Bitcoin and Ethereum. Lee believes while an ETH ETF is in greater demand it has more regulatory hurdles to overcome. The US has had almost four months of […]

Bitcoin faces reduced buying interest, negative Coinbase premiums, and decreased leverage. Slowed growth in demand from whales and sell-offs by miners contribute to supply pressures. Despite current prices below traders’ cost basis, some see it as support during bull markets. While Bitcoin is struggling to go back above US$60k (AU$91k) analysts at CryptoQuant have dampened […]