In Brief Senator Ted Cruz has entered the Bitcoin mining industry by acquiring and operating three Bitcoin miners in Iraan, Texas. Marathon Digital CEO Fred Thiel praised Cruz for his initiative, highlighting its importance in securing the Bitcoin network. Meanwhile, Oklahoma has passed House Bill 1600 to provide tax credits to digital asset mining operations…
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In Brief Uniswap has indefinitely delayed its fee switch proposal due to concerns raised by an unnamed stakeholder. This significantly impacted the value of the DEX protocol’s UNI token, falling around 5% to under $10. Some community members have suggested that the delay was caused by by venture capital interests. Uniswap, the decentralized exchange platform,…
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In Brief BONK price fell to trade at $0.00003571 and will likely observe consolidation going forward. The Open Interest shows that contracts worth nearly $8 million have been pulled in 48 hours. However, the Relative Strength Index (RSI) bounces back up from the neutral line at 50.0. BONK’s price is no stranger to volatile moves,…
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In Brief Avalanche’s price recently broke out of its consolidation within $39 and $31, which it might fail. Market cues suggest a decline is next for the altcoin as the MACD is close to a bearish crossover. Nearly $409 million worth of AVAX is sitting between $37 and $41, awaiting profits, creating resistance. Avalanche’s (AVAX)…
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With the growing demand for Artificial Intelligence or AI, there is now more than ever a need to integrate AI with blockchain technology to reap its benefits. These benefits include but are not limited to decentralization, increased security, and privacy of users’ data. BNB Chain is making this integration a reality by providing a robust platform that…
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In Brief Justin Bieber holds $556,890 in crypto, with $536,080 in Ethereum (ETH). Trump’s crypto net worth is $8.3 million, mostly in a MAGA meme coin. Jimmy Fallon holds $138,097 in crypto, with significant ETH investments. Arkham Intelligence data has exposed the crypto portfolios of some of the world’s most well-known figures: Justin Bieber, Jimmy…
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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 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 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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