Author: News Room
In the March 22nd issue of his firm’s “On-Chain Insights” newsletter, Lucas Outumuro, Head of Research at crypto analytics firm IntoTheBlock (ITB), dives into the recent criticism and scepticism surrounding Ethereum (ETH). He addresses concerns about ETH’s price performance and perceived regulatory threats, counterbalancing them with on-chain metrics that point to continued growth and bullish investor sentiment. ITB observes that network fees across both the Bitcoin and Ethereum blockchains experienced declines. Bitcoin fees decreased by 15%, aligning with reduced network activity as the speculative interest around ordinals fades. Ethereum fees dropped notably by 41%, suggesting a slowdown in meme-coin activity.…
In recent months, memecoins popularity surged within the crypto ecosystem. These assets had captured community attention with their origins rooted in beloved internet animal memes and shared interests among various crypto communities. However, the frenzy surrounding these assets recently veered into unsettling territory as new memecoins bearing offensive names and symbols, including racial slurs, anti-Semitic references, and Nazi imagery, emerged. This development sparked swift and severe backlash, drawing condemnation from the cryptocurrency community. Camila Russo, a respected cryptocurrency journalist, expressed dismay at those purchasing these tokens in the present era. However, she acknowledged the freedom for anyone to create tokens…
According to Mai Fujimoto, a Japanese crypto influencer and co-founder of Intmax, the Ethereum Improvement Proposal (EIP) 4844 – also known as proto-danksharding – have emerged as a solid solution for addressing the Ethereum network’s scalability challenges. The EIP 4844 is also significant for scaling solutions such as zero-knowledge rollups (zkrollups) and Layer 2 chains […] Read the full article here
The derivatives arm of the largest American cryptocurrency exchange, Coinbase, intends to launch futures trading contracts for Dogecoin DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. According to several letters filed with the United States Commodity Futures Trading Commission (CFTC) earlier this month, Coinbase Derivatives will launch monthly cash-settled and margin futures contracts for the cryptocurrencies on or after the coming April Fools’ Day. Futures Trading For DOGE, LTC, And BCH Per Coinbase’s letters, the firm will list the futures contracts using the self-certification approach under CFTC Regulation 40.2(a). This route allows entities to launch new products…
Famous cryptocurrency analyst Rekt Capital recently presented a comprehensive analysis predicting the peak of the current Bitcoin bull market. According to the analyst, Bitcoin historically reaches its bull market peak 266 to 315 days after surpassing the previous all-time high. With Bitcoin hitting an all-time high just last week, the analyst predicts that the next bull market peak will occur in late November 2024 or late January 2025. However, according to Rekt Capital, this cycle may accelerate. Interestingly, the number of days Bitcoin spends beyond all-time highs appears to be increasing. In 2013, Bitcoin rallied for 268 days before reaching…
Internet Computer (ICP) CEO and Chief Scientist Dominic WILLIAMS took to X to showcase a demonstration of the parent company, DFinity’s latest Artificial Intelligence (AI) innovation. According to Williams, ICP introduced the first blockchain-based artificial intelligence smart contract. He described the new product as “a demonstration of AI running *on* blockchain as a smart contract.” The Internet Computer AI is part of the protocol’s mission to develop a system where large language models (LLMs) run as smart contracts on ICPs. Additionally, the mission is expected to be tamper-proof, unstoppable and, if necessary, autonomous. Cognition Labs’ Devin is almost similar to…
Meme coins on Solana continue to epitomize crypto’s infamous gambling aspect, where participants may make or lose a fortune with a few clicks. Lookonchain highlighted a trader’s loss of 263.5 Solana (SOL) valued at $46,000 after investing in meme coin LADYF on March 22. The crypto user bought over $50,000 worth of the meme token shortly after it was listed. Minutes later, the coin plummeted, and the trader sold it to recover only 36.49 SOL, about $6,200. According to Dexscreener, LADYF skyrocketed more than five million percent seconds after launching, but the coin has declined ever since. The token’s name…
Following the successful launch of Ethereum Dencun Upgrade, a move that elicited excitement among community members as 15,000 ETH were moved, developers are already on to the next thing amid talks on whether to include MaxEB in Electra. The development team is currently evaluating additional features for inclusion in the upgrade and is expected to make a final determination within the next one to four weeks. Christine Kim, a researcher in the crypto space, in a series of posts on her X page emphasized the significance of parallel initiatives being pursued alongside the Electra upgrade. Two critical initiatives were highlighted.…
Shiba Inu Price: The ongoing correction trend in the crypto market has significantly impacted meme cryptocurrencies evidenced by the notable correction in top assets like Dogecoin, Shiba Inu, Pepe Coin, and BONK. It seems that a steep correction was expected as the last rally left this asset class in an overbought region. Read the full article here
According to the latest information, the Montenegrin Court suspended the decision to extradite Do Kwon to South Korea. Accordingly, the Supreme Court of Montenegro on Friday overturned previous decisions by two lower courts to extradite Kwon to his native South Korea and suspended the extradition of Terra founder Do Kwon. ❖ MONTENEGRO SUSPENDS DECISION TO EXTRADITE DO KWON TO S. KOREA — *Walter Bloomberg (@DeItaone) March 22, 2024 The decision effectively puts a pause on the ongoing conflict between South Korea and the United States over Kwon. Both countries want to prosecute Kwon on criminal charges, including fraud, related to…