Category: News
News about the crypto and blockchain ecosystems.
March Sees Unprecedented Movement of Vintage BTC
In recent days, bitcoin has regularly hovered above the $60,000 barrier throughout March. With its value skyrocketing, many long-term holders have begun to move large amounts of dormant bitcoins from wallets that haven’t seen activity in years. March has emerged as a critical month for transactions utilizing historical bitcoins.
Solana Price Pullback Sets Foundation for Future Rally
With the native token of Solana facing an enormous wave of supply, the market value of the SOL token dropped to 3% this week. With escalating global tensions and the BTC price back at $65000, altcoins might see a landslide. Despite the fall, the SOL price seems poised for a rebound, with a bullish pattern showing on the charts. Will the cryptocurrency reemerge over $200 after a breakout run, or will it sink below $150 as expected?
US Presidential Candidate RFK Jr. Calls Crypto “Best” Inflation Hedge
Robert F. Kennedy Jr., a 2024 US Presidential candidate, has described Bitcoin as the “best hedge against inflation.” Indeed, Kennedy turned to X (previously Twitter) to voice his support for the digital asset market. In the post, he emphasized the asset’s importance in transferring “control away from the government” and the financial system.
Bitcoin Halving: A Milestone in the Cryptocurrency Ecosystem
The Bitcoin ecosystem cuts Bitcoin supply by 50% through the quadrennial Bitcoin halving event. This phase results in a 50% decrease in income for Bitcoin miners and has indirect implications for cross-chain interoperability. The Bitcoin halving event, which happens about every four years, is expected to reduce block rewards for Bitcoin miners.
Unidentified Bitcoin Whale Transfers $560 Million in Recent Transaction
Whale Alert, a well-known blockchain tracker and cryptocurrency transaction monitoring website has noticed significant movement on the Bitcoin network. The transaction, involving an astounding 8,734 BTC, or nearly $560,821,374, drew notice from the crypto community.
US Bitcoin Miners Move Old Equipment Overseas
Bitcoin halving, one of the most anticipated crypto events of 2024, is less than a month away, and miners appear to be fully prepared for the aftermath. The April event is projected to cut Bitcoin’s mining incentives in half, making transaction validation less profitable.
ChatGPT Introduces Flowchart and Diagram Creation Feature
ChatGPT now offers a revolutionary feature: Flowchart and Diagram Creation. Gone are the days of spending countless hours crafting visuals for presentations or research papers. With ChatGPT’s new capability, users can quickly generate detailed flowcharts and diagrams to illustrate complex processes or concepts. From outlining project steps to visualizing intricate workflows, ChatGPT streamlines the creation process, saving users valuable time and effort.
New Scam Targets Victims of Blockchain Deception
A disturbing trend in the Chinese blockchain industry reveals a new scam targeting victims of cryptocurrency fraud, with fake lawyers exploiting their vulnerability for further financial gain. One victim, defrauded of $70,000 by a fraudulent lawyer after falling victim to a $100,000 pig butchering scam, exemplifies the severity of the situation.
Rumors Swirl as Star Xu of OKX Faces Speculation Amidst CZ’s Legal Woes
Amidst rumors circulating in the Chinese crypto community, Star Xu, founder of OKX, refutes allegations of being under investigation by US authorities. Similar to past instances involving Binance’s CZ, these rumors have sparked concerns within the industry.
French Developer Accused of $900K Theft from TICKER Presale on Base: An Investigation
A French developer, Jolan Lacroix, is embroiled in controversy after allegedly orchestrating a $900K theft from the TICKER presale on Base. The incident, which occurred shortly after the presale raised 877 ETH, involved Lacroix selling off a significant portion of the TICKER token supply intended for distribution.