Shiba Inu (SHIB) has recorded a notable increase of 1.5% in the past 24 hours, reaching a price of $0.00002713. This growth coincides with an overall 1% rise in the cryptocurrency market. Over the past week, SHIB has surged by 21%, indicating a significant rebound for meme coins, though it remains 2.5% lower over the last 30 days. Shiba Inu's Potential for Further Gains Despite its recent uptick, SHIB still shows room for further recovery. The token's underlying strengths are highlighted by recent developments, such as a successful $12 million fundraising effort for its new layer-three network ..read more

In this article, we explore the recent downturn in the cryptocurrency market, led by Bitcoin, as hopes for U.S. interest rate cuts wane in light of new economic data. Crypto Markets Rocked by Economic Uncertainty Bitcoin's value briefly fell below $63,000 on Thursday, marking a significant moment of volatility for cryptocurrencies following concerning economic indicators from the U.S. The preliminary report for the U.S. first quarter GDP indicated a growth of just 1.6%, a figure notably lower than the 2.5% analysts had expected and a decrease from 3.4% in the previous quarter. Additionally, th ..read more

The cryptocurrency market is experiencing significant volatility once again, with major digital assets like Bitcoin (BTC) and Ethereum (ETH) seeing notable declines in value. This article delves into the 4 main reasons driving the current downturn. 1. Geopolitical Tensions in the Middle East  The recent crypto market decline coincides with escalating geopolitical tensions in the Middle East, particularly with military strikes in Southern Lebanon. This atmosphere of uncertainty has driven investors toward safer assets, impacting the broader crypto market sentiment. 2. Liquidation of Long P ..read more

The US Department of Justice has announced the arrest of the CEO Keonne Rodriguez and CTO William Lonergan Hill of a cryptocurrency mixing service, accused of laundering over $100 million in criminal proceeds and facilitating over $2 billion in unlawful transactions. The allegations claim that the service, Samourai Wallet, was used as a front for large-scale money laundering and sanctions evasion activities. Uncovering Illegal Activity The founders of Samourai Wallet have been apprehended following accusations of facilitating extensive money laundering through their platform. According to the ..read more

Recent news has surfaced highlighting a concerning trend in crypto scams that target unsuspecting users through offline transactions. This scheme utilizes USDT (Tether) and manipulates Ethereum nodes to deceive users into believing false transactions. Here is all you need to know: Can Ethereum Node be hacked? Crypto Scammers entice users to download the legitimate imToken wallet, initially using 1 USDT and a small amount of ETH to gain trust. They then instruct users to modify their Ethereum RPC address to the scammer's node, which has been altered using Tenderly's Fork function. This alterati ..read more

Bitcoin Runes have surged to prominence in Bitcoin blockchain activity, accounting for more than 81% of transactions on Tuesday, as reported by Dune. Meanwhile, standard Bitcoin transactions made up 19% of the total, with BRC-20 tokens and Ordinals trailing far behind at 0.2% and 0.1%, respectively. What are Bitcoin Runes? Bitcoin Runes are fungible assets created on the Bitcoin network using the Runes protocol. Similar to existing fungible tokens on Bitcoin, Runes are optimized for efficiency and immutability. Fungible tokens, including memecoins, serve various purposes within the blockchain ..read more

The anticipation for Ethereum exchange-traded funds (ETFs) is growing, especially after the successful rollout of Bitcoin ETFs earlier this year. However, hurdles remain on the path to Ethereum ETF approval, with the U.S. Securities and Exchange Commission (SEC) conducting thorough reviews with potential issuers. Grayscale's Push for Ethereum ETF Grayscale, a prominent digital asset manager, persists in its efforts for a Spot Ethereum ETF despite regulatory challenges. Managing around $10.87 billion in its Ethereum Trust (ETHE), Grayscale has updated its registration through an S3 prospectus t ..read more

Hedera, a decentralized network that anyone can use, has been getting a lot of attention in the cryptocurrency world. Its price has been going up a lot lately, which has made investors and experts curious. Let's explore this idea further. How has the Hedera (HBAR) Price Moved Recently? HDAR/USD Daily Chart- TradingView Currently, the price of Hedera Hashgraph (HBAR) stands at $0.132051, with a 24-hour trading volume of $6.56 billion. The market capitalization of HBAR is $4.72 billion, and it holds a market dominance of 0.19%. Over the past 24 hours, the price of HBAR has increased by 43.65%. H ..read more

The Fourth Halving just occurred in the Fourth month of 2024 reshaping the crypto market but spreading more insecurities. What will happen to cryptos now? Will prices crash or will new ATH prices be reached? Let's analyze in this crypto analysis article. 1- Bitcoin (BTC) Bitcoin (BTC) remains the largest cryptocurrency by market capitalization, standing at $US1.25 trillion. Introduced in 2009, Bitcoin operates on a decentralized blockchain, secured through proof of work. Since 2016, Bitcoin's price surged from $US500 to approximately $US63,750, showcasing substantial growth. 2- Ethereum (ETH ..read more

The Fourth Halving just occurred in the Fourth month of 2024 reshaping the crypto market and spreading more insecurities. Amidst this volatility, a market analysis can conclude this month's Top 10 cryptocurrencies as below: 1- Bitcoin (BTC) Bitcoin (BTC) remains the largest cryptocurrency by market capitalization, standing at $US1.25 trillion. Introduced in 2009, Bitcoin operates on a decentralized blockchain, secured through proof of work. Since 2016, Bitcoin's price surged from $US500 to approximately $US63,750, showcasing substantial growth. 2- Ethereum (ETH) Ethereum (ETH), valued at $US3 ..read more