After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC) saw its infamous premium in South Korea drop below 1% after nearly hitting 10% in mid-April. Current data […] Original
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain is a cutting-edge technology in today’s digital world. It secures online ledgers for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) across industries. Its global market is projected to soar from $5.88 billion in 2021 to $1,314.03 billion by 2030 at an 82.4% compound annual growth rate (CAGR). Blockchain technology market size | Source: Straits Research Enter application-specific blockchains. These platforms excel in performance, scalability, security, cost-efficiency,…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine province, and Argentina launches a VASP registry. Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under […] Original
The Chainlink (LINK) market is abuzz with chatter after a popular cryptocurrency analyst issued a bearish forecast. In a recent analysis, CryptoWzrd predicted a continued downward trend for LINK in the coming days, but also hinted at a potential “scalping” opportunity for nimble traders. Related Reading Scalping refers to a high-frequency trading strategy where investors capitalize on minor price fluctuations within a short timeframe. CryptoWzrd believes the current bearish trend in LINK presents an entry point for such tactics. However, the analyst emphasized the need for a strong trading signal…
Following a spell of TradFi breakthroughs, all-time highs, and intense optimism in the crypto industry, selling pressure across most major cryptocurrencies are slowly beginning to ease, with trading volumes submitting to more tenable growth levels. Amidst this growth, one category-defying group of tokens has witnessed persistent success regardless of the current market backdrop: memecoins. Known […] Source CryptoX Portal
Mexican billionaire Ricardo Salinas Pliego has urged his followers to buy Bitcoin. Elon Musk, currently the world’s wealthiest individual, could be surpassed by Bitcoin’s anonymous creator, Satoshi Nakamoto. In Nigeria, artist Davido faced backlash after allegedly scamming investors by pocketing $474,000 from his meme coin sale. Some Russian companies are resorting to cryptocurrencies like USDT […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto market surges, Bitcoin nears $71k, Dogecoin gears up. Rebel Satoshi Arcade challenges top meme projects by blending memes, NFTs, and GameFi. TLDR Bitcoin lit up the charts, with sights set on a new peak. Dogecoin is tipped to hit $1 during the peak of this bull run. Rebel Satoshi Arcade’s global refocus on decentralization and individual empowerment makes it a top contender. The crypto market has picked up…
The decentralized social network Friend.tech has unveiled plans to move from Coinbase’s Layer 2 blockchain Base to its proprietary network, Friendchain. This development will come as part of the platform’s collaboration with Conduit, a crypto infrastructure service provider. When Will The New Friend.tech Blockchain Launch? In a June 8th post on X, web3 social platform Friend.tech revealed its plans to create a new blockchain dubbed “Friendchain,” winding down its partnership with the Coinbase-incubated Base network. According to the announcement, Friendchain is a proprietary blockchain that will utilize the recently launched…
The Cardano blockchain co-founder, Charles Hoskinson, has expressed frustration over what he perceives as a disconnect between the public perception of Cardano—shaped by influencers and media—and the project’s actual progress and fundamentals. Hoskinson highlighted technological advancements such as Hydra, the development of partner chains, and many community events as some of Cardano’s achievements. Despite these […] Source CryptoX Portal
According to a report by data analytics company IntoTheBlock, the volume of high-risk loans on the prominent Aave Protocol is reaching high levels as general loan volume in the DeFi space records multi-year highs. This development is believed to stem from investors exploring various investment strategies in a bid to maximize profits in a highly anticipated crypto bull run. Related Reading Aave’s High-Risk Loans 5% Short Of Liquidation Threshold In its weekly newsletter on June 8, IntoTheBlock highlights that DeFi loans are currently estimated at $11 billion representing the peak…