In Brief Abu Dhabi bans cryptocurrency mining on farms, imposing penalties up to AED 10,000 for violators. Regulation aims to preserve agricultural land integrity, ensuring resources aren’t diverted for mining. Despite ban, UAE remains a key player in the global Bitcoin mining landscape with 400 MW capacity. The Abu Dhabi Agriculture and Food Safety Authority…
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In Brief XRP price is in a gradual uptrend, targeting a close above $0.56, but this may take some time. Long-term holders have suddenly begun moving their holdings around, pulling away from the pattern. Participation is also consistently declining, which suggests liquidity could also be taking a hit. Although Ripple (XRP) price may not have…
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In Brief Dogecoin’s price is currently trading between the 4H Tenkan-sen and the 100 EMA, with key resistance at the daily Ichimoku cloud. The $20 billion market cap is a critical psychological support level; falling below it could trigger a bearish trend. A bullish reversal may occur if Dogecoin’s market cap rises above $25 billion…
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In Brief Telegram founder Pavel Durov holds Notcoin, pledging to keep it until the token’s value increases 100 times. The Notcoin project recently donated over 1 billion tokens to Durov and his team, worth roughly $6.8 million. Notcoin, part of the TON Blockchain, quickly gained popularity through a viral tap-to-earn game on Telegram. On May…
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In Brief Vitalik Buterin highlights decentralization issues: MEV, staking complexities, and node hardware requirements. Ethereum’s co-founder firmly believes these issues might be easier to resolve than some suggest. Buterin calls to respect Ethereum’s unique properties and continue improving them as the network scales. Vitalik Buterin, Ethereum’s co-founder, recently addressed key decentralization challenges facing the Ethereum…
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In Brief The US House passes FIT21 bill, setting crypto regulatory framework. The vote saw bipartisan support, with 279 for and 136 against. Next, the bill moves to the Senate, facing an uncertain future. On Wednesday, the crypto industry achieved a historic milestone as the US House of Representatives passed the Financial Innovation and Technology…
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In Brief Analysts raise spot Ethereum ETF approval odds to 75%. SEC’s move to update filings ignites industry anticipation. ETH price jumps 19.98% following the analysts’ prediction. Analysts have increased their odds of spot Ethereum exchange-traded fund (ETF) approval. This shift in sentiment comes amid renewed optimism about regulatory approval from the US Securities and…
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A dogwifhat wallet is essential for securely, conveniently, and successfully managing your WIF. To assist you in selecting the best dogwifhat wallet for your needs, this guide examines the best storage options that are available in 2024. Methodology What is dogwifhat (WIF)? Dogwifhat (WIF) is one of the popular altcoins that led the Solana meme coin charge in the first quarter…
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In Brief On May 20, a hacker exploited Gala Games’ smart contract, minting 5 billion GALA tokens. The hacker sold 592 million GALA for 5,952 ETH, valued at approximately $21.8 million. Gala Games quickly blacklisted the hacker’s address and is collaborating with authorities. Gala Games, a Web3 gaming project, faced a significant security breach on May 20.…
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In Brief Floki Inu proposes to burn 15.2 billion tokens. It aims to improve project management and token value. The proposal influenced the FLOKI token price. The Floki Inu community proposed to burn 15,246,000,000 FLOKI, which are currently worth $2.8 million. The community explained that these actions intend to remove the tokens from blacklisted wallets.…
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