Day: April 22, 2024

Crypto Analyst Predicts Cardano Recovery After ABC Wave Completion, Here’s The Target

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Cardano suffered a massive price crash over the last two weeks. However, with the market recovery, the ADA price has begun to see some positive headwinds. Analysts expect this recovery to continue, with one crypto analyst in particular, who goes by CobraVanguard, expecting a bullish continuation toward $1. Cardano Completes The ABC Wave The crypto market crash, led by Bitcoin, saw the prices of Cardano and other altcoins plunge into a dreaded ABC wave. This wave is notorious for causing massive dips to the tune of 50%, leaving investors in…

Bitwise: Bitcoin Will Have ‘a Great Next 12 Months’

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Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. ‘I Think We’re Just Getting Started’ Bitwise Asset Management has reaffirmed its […] Original

Pro-Crypto Candidate RFK Jr To “Put US Budget On Blockchain”

During his latest rally, pro-crypto US candidate Robert F. Kennedy Jr. promised to use blockchain technology to “bring transparency to American citizens” if elected. The independent candidate has constantly advocated for blockchain technology and the crypto industry, which has granted him the support of figures in the community. The US Budget To Be “On Blockchain” Presidential candidate Robert F. Kennedy presented the idea of putting the US budget on blockchain to achieve better transparency during a Michigan rally on April 21. The politician stated, “I’m gonna put the entire US…

Surge in Bitcoin transaction fees linked to meme coin, Runes etching craze

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In a frenzied bid to capitalize on the latest wave of meme coins, transaction fees on the Bitcoin network surged to $82 million on Saturday. According to TheMinerMag, users were eager to mint tokens via the Rune protocol, which facilitates the creation of fungible tokens. These digital assets’ appeal mirrors similar tokens’ success on other blockchains, like Ethereum’s PEPE and Solana’s WIF, which have performed exceptionally well this year. According to Bloomberg, the Rune protocol, devised by developer Casey Rodarmor, also supports the creation of nonfungible tokens, further enhancing its…

Bitcoin L2 tokens outpace BTC post-halving 

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Following the Bitcoin halving, three so-called BTC layer 2 protocols have outperformed crypto’s leading token.  At press time, Bitcoin (BTC) traded over $65,000 and had gained 2.9% in the past 24 hours, according to CoinGecko data. The short-term price action following BTC’s halving is not unusual compared to previous cycles.  Historical data shows volatility and price swings leading to the quadrennial events, followed by a parabolic Bitcoin run in the mid to long term. However, previous increases have hardly ever been in a straight line. BTC price chart | Source:…

Stacks Begins 2-Step Rollout of Major ‘Nakamoto’ Overhaul

Called Nakamoto, honoring Bitcoin’s pseudonymous creator, the upgrade will decouple the Stacks block production schedule from Bitcoin’s. Although the layer-2 network has a higher transaction throughput than Bitcoin (which processes about 7 transactions per second), as initially designed, Stacks produced blocks at the same rate as Bitcoin, leading to congestion issues, network creator Muneeb Ali told CoinDesk. Source

Democracy Fails Without Cryptocurrency

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Amidst a decline in traditional democratic structures and financial systems, cryptocurrencies emerge as a revitalizing force, offering a new form of accountability and transparency that could potentially restore public institutions. Cryptocurrency Might Be the Last Hope for a Crumbling Democratic System It’s become clear that democracy is in trouble, especially after the scale of disasters […] Source