Author: News Room
A widely followed crypto analyst is issuing a warning on Ethereum, saying that ETH could still witness a 2019-style collapse. In a new video update, crypto strategist Benjamin Cowen tells his 796,000 YouTube subscribers that the conditions for Ethereum now are similar to that of mid-2019, and that the leading smart contract platform may suffer a similar setback. Cowen notes that in 2019, a slash in interest rates coincided with a dramatic correction for ETH. With the Fed expected to begin cutting rates again at some point this year, the analyst suggests that a similar scenario could play out. “We’ll see…
Dogecoin (DOGE), the first meme coin in the crypto industry, made a huge comeback last week when it crossed the $0.22 mark —a price not seen since November 2021. Data from CoinGecko shows that DOGE’s price has increased 22.3% weekly, and its trading volume has increased more than 50% to 3.17 billion. DOGE is currently trading at $0.20. Its market capitalization remains past $30 billion, well above Cardano (ADA), making it the 8th largest cryptocurrency. Is DOGE Set For Another 2020 – 2021 Rally? Popular analyst Alí Martinez (Ali_Charts on X) stated that DOGE has been outshined by most of…
Bitcoin (BTC) has evolved over the years, with the maiden cryptocurrency currently trading above the $70,000 mark in pursuit of another all-time high. Throughout Bitcoin’s journey, the cryptocurrency has been predominantly associated with young people, possibly due to its digital nature. Addressing this trend, economist and Bitcoin skeptic Peter Schiff has warned young people that their preference for the digital asset over gold could have consequences in the future. In a post on X (formerly Twitter) on March 31, Schiff suggested that Bitcoin’s popularity among young people stems mainly from “ignorance and lack of experience.” Notably, he emphasized the importance…
Rick McCracken, significant voice within the Cardano (ADA) community, recently shed light on a concerning issue plaguing the cryptocurrency: its lackluster popularity compared to competitors. McCracken, an avid supporter of ADA, pointed out that despite Cardano’s groundbreaking innovation in liquid staking, it continues to lag behind Ethereum in terms of adoption and recognition. The crux of the argument revolves around Cardano’s faltering marketing strategy, which the contributor believes has failed to resonate with the broader blockchain industry and media. Despite Cardano’s prowess in engineering and research, its marketing efforts have been deemed ineffective, with macro metrics indicating stagnant or declining…
Vitalik Buterin has revealed the next significant phase in the evolution of the Ethereum (ETH) network, termed as “The Purge.” In a recent communication, Buterin shared insights into the ongoing efforts to simplify the Ethereum protocol while enhancing its security measures. At the heart of this evolution is EIP-6780, a lesser-known but pivotal improvement introduced in the Dencun hard fork. This enhancement aims to streamline the protocol by reducing the functionality of the SELFDESTRUCT opcode, thereby enhancing implementation efficiency and bolstering security measures. This move, as elucidated by Buterin, is part of a broader mission to declutter Ethereum’s infrastructure and…
Binance executive Nadeem Anjarwalla absconded from Nigerian custody in February after his arrest. At the time, he was detained along with American colleague Tigran Gambaryan on accusations of misconduct related to the exchange. In a Sunday interview with a local media outlet, a retired Nigerian official characterized Anjarwalla’s escape as “embarrassing.” He further deemed the incident as indicative of systemic shortcomings within the country’s security personnel. Dr. Seyi Adetayo, a retired Principal Staff Officer from the Department of State Services, attributed the security lapse to the presence of individuals with potentially fraudulent or criminal intent within the department. He emphasized…
Roman Storm, a co-founder of the cryptocurrency mixing service Tornado Cash, has forcefully denied accusations of money laundering and conspiring with North Korea. On Friday, March 29, 2024, Storm’s legal team filed a motion to dismiss. They argue that Storm, as the founder, built Tornado Cash as a privacy tool and is not responsible for its potential misuse. Lazarus Group Tornado Cash Usage is Unavoidable The motion refutes allegations of Storm’s involvement in the laundering of over $1 billion and challenges claims of conspiring with North Korean cybercrime groups. Storm’s attorneys assert that these accusations are baseless. They emphasize that…
As ethereum hovers around $3,543, the cryptocurrency’s technical indicators and chart patterns present a nuanced picture of its current market dynamics. Amidst a blend of neutral oscillators and mixed moving average signals, ethereum’s technical analysis reveals key insights for traders. Ethereum Ethereum’s price dynamics on April 1, 2024, showcase a cryptocurrency in the throes of […] Read the full article here
Polygon’s CEO Marc Boiron emphatically stated that the layer-2 network was not considering developing layer-3 protocols because of the potential risks they pose to Ethereum’s security.Boiron made this statement on the back of the early success of Degen Chain, a layer-3 network running on the Coinbase-backed scaling solution Base.Layer 3 protocols enhance scalability by building upon Layer 2 infrastructure, allowing developers to tailor application-specific blockchains to their requirements.Degen ChainDegen Chain is a layer-3 network built using Arbitrum Orbit for the DEGEN token. The digital asset has swiftly emerged as the primary community token among Farcaster users, the rapidly expanding web3…
TL;DR XRP ended the first quarter at $0.61 with future predictions varying between a potential rise by 20% and a fall of nearly 30%. The price of the asset may be influenced by the upcoming Bitcoin halving and the outcome of the Ripple vs. SEC lawsuit. The price of Ripple’s XRP passed through severe turbulence throughout the first quarter of the year, eventually finishing at the same level where it started the journey – $0.61. The popular X user – EGRAG CRYPTO – predicted there are two possible scenarios for the following months: a surge above $0.75 or a dip under $0.44.…