Bitcoin miners are facing a turbulent time in the stock market as the fourth Bitcoin halving approaches. Scheduled for later this week, the halving will cut mining rewards in half to 3.125 BTC, valued at around $200,000. Major players in the Bitcoin mining industry, such as Marathon Digital (MARA) and Riot Blockchain (RIOT), have seen
Yuga Labs has recently made a strategic move by selling two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. The purpose behind this move is to shift the focus of Yuga Labs towards the development of its major projects, Otherside and Dookey Dash. Faraway,
Recently, the social media account of well-known actor Tom Holland was compromised by hackers. With over 7 million followers, the attackers saw this as an opportunity to promote a fake cryptocurrency and NFT scheme. The hackers utilized Holland’s platform to announce a partnership with the popular crypto exchange Binance, claiming to introduce “Spiderverse” tokens. Followers
Ethena is a unique synthetic dollar protocol on the Ethereum blockchain that issues the stablecoin USDe. The main objective of this asset is to provide a censorship-resistant and scalable form of digital money that is pegged to the US dollar. In recent months, the USDe stablecoin has gained significant traction in the market, with its
The recent report released by Bybit sheds light on the upcoming Bitcoin halving event and its potential effects on the supply dynamics of Bitcoin within cryptocurrency exchanges. This article will delve deeper into the insights provided by Bybit and analyze the implications of the halving event on the price of BTC. Bybit’s report reveals that
In the volatile world of cryptocurrency investing, with Bitcoin and Ether values plummeting, a new trend seems to be emerging. Crypto investors are turning their attention towards a fascinating virtual reality project named 5thScape (5SCAPE), even before it hits the exchange platforms. This article delves into the details of this innovative project and why it
The recent surge in popularity of Solana meme coins has taken the crypto market by storm, with Elawn Moosk token being the latest sensation. Investors are flocking to tokens inspired by prominent figures such as Elon Musk, drawn by the meme-laden potential and the promise of astronomical gains. Elawn Moosk token, which was launched at
In a recent analysis by cryptocurrency expert Ali Martinez, there is a potential forecast that Bitcoin’s price could surge to $86,000 in the near future. This positive outlook has generated excitement and speculation within the cryptocurrency space. Martinez’s analysis focuses on key support and resistance levels that will play a crucial role in determining Bitcoin’s
Illuvium recently made a significant announcement regarding their plans to distribute 250,000 ILV tokens valued at around $25 million in an airdrop program. This initiative is aimed at rewarding the community members and enhancing their engagement within the Illuvium ecosystem. Airdrops are commonly used by startups as a marketing strategy to distribute free tokens or
Cryptocurrencies have been a topic of interest for many investors, with Bitcoin being the pioneer in this space. With the recent surge in the Spot Bitcoin ETF market, there have been bold predictions regarding the future price of Bitcoin. One such prediction comes from renowned crypto analyst Willy Woo, who anticipates Bitcoin reaching a staggering
