Key takeaways After notable changes in its executive team, Binance has shown resilience and prospects for recovery. The departure of Changpeng Zhao, Binance’s CEO, who was also embroiled in legal challenges, initially caused a decline in the value of Binance coin (BNB). Despite this initial setback, the cryptocurrency has shown a positive trend. What next
Tether CEO Paolo Ardoino asserts that decentralized AI models could have prevented the OpenAI hack, promising enhanced privacy and security for users.
Ethereum’s scarcity is surpassing Bitcoin’s as investors increasingly hoard this digital currency. On-chain data reveals that the divergence between Bitcoin and Ethereum reserve balances on exchanges is widening. The growing interest in spot Ethereum ETFs plays a significant role in the shrinking availability of ETH on exchanges. Ethereum is outpacing Bitcoin in scarcity, driven by
The cryptocurrency market faced significant sell-offs this week, with major digital assets losing ground. Bitcoin’s value plummeted to its lowest point since February, causing a ripple effect across various altcoins. Analysts highlight rising interest rates and stagnant demand for Bitcoin ETFs as key factors contributing to the decline. This week’s downturn in the cryptocurrency market
Ethereum (ETH) metrics have shown that the digital currency might be suffering from scarcity than earlier projected. According to on-chain data, Ethereum is now being accumulated at a faster rate than Bitcoin. The Ethereum and Bitcoin Divergence According to data insights from Leon Waidmann from BTC-Echo, Ethereum is becoming scarcer than Bitcoin. While there are The post Is Ethereum Becoming Scarcer? Data Shows Rare BTC and ETH Divergence appeared first on CoinGape .
Visa and Tangem have jointly announced a groundbreaking integration between a hardware wallet and credit card. This partnership aims to seamlessly merge crypto and fiat transactions, bridging Web2 and Web3 ecosystems for better user experience. Tangem CTO Andrey Lazutkin reveals that this integration allows hardware wallet users to manage and spend their crypto holdings effortlessly.
Sohar University, in partnership with Chinese institutions, is launching an AI Lab to boost technological innovation and sustainability efforts in Oman.
Interest around the movements of XRP’s price continues to captivate crypto enthusiasts and investors alike. New insights from market analysts suggest a pivotal moment may be at hand for XRP traders. “Now may be the most critical buying opportunity we’ve seen in recent years,” noted financial expert Amelie. Discover the latest developments and crucial insights
On 7 July 2024, crypto analyst Benjamin Cowen posted an insightful thread on X (formerly known as Twitter), focusing on Bitcoin’s current position relative to its 200-Day Simple Moving Average (SMA). Cowen noted that Bitcoin (BTC) is currently below its 200D SMA, having hit a local low on 5 July 2024. He emphasized that Bitcoin’s
Ethereum continues to shine as a pioneering force in the realm of Web3 and decentralized finance. Despite fierce competition in the cryptocurrency space, Ethereum remains pivotal in enabling innovative decentralized applications. Franklin Templeton’s recent report lauds Ethereum’s key role in the evolving tech landscape, particularly highlighting its robust infrastructure and varied use cases. Discover why