Day: February 23, 2024

Avalanche C-Chain Experiences Block Production Halt, AVAX Price Responds

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In a recent development, the Avalanche (AVAX) C-Chain encountered a significant disruption in block production, leading to a halt for over one hour. The interruption, which affected the primary network, was observed through the Avascan browser, with the last transaction recorded at block 42046853 (19:13 UTC+8). Although other subnets experienced a slight delay, the primary network faced the most substantial impact. Avalanche C-Chain Block Production Halt Ava Labs, the team behind the Avalanche protocol, acknowledged the issue and promptly initiated an investigation. According to Kevin Sekniqi, co-founder of Avalanche, the…

Siacoin Balloons To 65% in Value On Network Upgrades

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Siacoin (SC), the native token of the decentralized cloud storage platform Sia, has been on a tear in recent months, defying expectations and leaving investors wondering if the rocket ride can continue. After reaching a low of $0.0025 in mid-September 2023, the price skyrocketed a staggering 360% to peak at $0.0130 by January 24, 2024. While a 30% correction followed, wiping out those gains, the story didn’t end there. Siacoin defied bearish predictions, embarking on a new upward trajectory culminating in a new high of $0.0175 on February 21st, marking…

Top 7 AI altcoins that can shape 2024’s web3 landscape

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The AI cryptocurrency ecosystem is gaining attraction, partly propelled by OpenAI’s groundbreaking Sora platform. AI projects gaining traction this season include DeepFakeAI (FAKEAI), Paal AI (PAAL), Fetch AI (FET), Bittensor (TAO), Render Network (RNDR), ChainGPT (CGPT), and PaLM AI (PALM).  Blockchain and artificial intelligence in 2024 2023 was the year in which artificial intelligence (AI) moved from its once speculative future to a more concrete reality. Artificial intelligence, previously…

Avalanche Fails to Produce Block for Almost Two Hours, Developers Rush to Fix Major Outage

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Bitcoin Technical Analysis: BTC Price Oscillation Reflects Crossroads and Market Indecision

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Bitcoin’s value on Friday added another page to its unfolding story, registering just under $51,000, showing a modest decline from its 24-hour peak of $51,965 down to a trough of $50,877. Despite this dip, bitcoin’s 24-hour trading volume remains at $25.07 billion, highlighting the crypto asset’s persistent market vigor. Additionally, the leading digital currency’s market […] Original

FATF Grey Listing Concern Prompts Kenya to Establish a Crypto Working Group

The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident that the approved regulations will designate a sole regulatory body to oversee the cryptocurrency industry. Lack of Regulation Threatens […] Source CryptoX Portal

Analyst Predicts Near-Term Surge To $61,000

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The price of Bitcoin (BTC) seems to be losing momentum after its bullish breakout to the $52,000 price mark, but some patterns indicate further optimistic activity may be ahead. Bitcoin Price To Reach $61,000 On Thursday, Titan of Crypto, a well-known cryptocurrency analyst shared an interesting prediction for Bitcoin in the near future on the social media platform X (formerly Twitter) sparking hope within the community. Titan of Crypto pointed out in the post that Bitcoin is about to form a trend that he called a “Bull Flag formation.” As…

Texas Blockchain Council and Riot Platforms sue US federal agencies over crypto energy scrutiny

Texas Blockchain Council (TBC) and Riot Platforms have initiated a lawsuit against the U.S. Department of Energy (DOE), its Energy and Information Administration (EIA), and the U.S. Office of Management and Budget (OMB). The legal challenge, filed in the U.S. District Court for the Western District of Texas on Feb. 22, marks a significant pushback against what the plaintiffs consider to be unwarranted regulatory scrutiny from the Biden Administration towards the cryptocurrency sector, particularly concerning energy consumption. The core of the lawsuit alleges that the EIA’s emergency collection of information…

Arbitrum In Freefall, Dips Below $2 As Experts Analyze Recovery

Arbitrum (ARB), the Ethereum Layer 2 scaling solution, has experienced a recent price drop, falling below the $2 mark after a brief attempt to establish a new price floor. This decline, attributed to several factors including increased selling pressure and bearish technical indicators, raises questions about the token’s short-term trajectory while highlighting long-term potential. ARB price losing its grip on the $2 handle. Source: Coingecko Selling Spree Triggers Downward Spiral The price decline began with a surge in selling pressure, most notably from Convex Finance. Over the past 24 hours,…