New York legislators to vote on PoW mining moratorium this week
If passed, the suspension of both new licenses and renewal applications will last for two years. New York’s legislature might ban proof-of-work (PoW) crypto mining in the state for at…
Bored Ape Yacht Club NFTs stolen in Instagram phishing attack
The phishing attack coincided with the one-year anniversary of BAYC’s launch, leading many users to believe that the link was authentic. As told by Bored Ape Yacht Club (BAYC) developers…
Could XRP price lose another 70% by Q3?
A descending triangle breakdown coupled with XRP’s correlation with Bitcoin can put downward pressure on price. Ripple (XRP) continued its correction trend on April 25, falling by 5.5% to reach…
Takeaways and reviews, what went down during Miami Tech Week
One of largest VC deals so far in Q1 2022 went to Miami-Based Yuga Labs with its $450 million seed funding round led by Andreessen Horowitz. Miami Tech Week took…
Bitcoin hits $40K, investors pump Dogecoin (DOGE) after Musk confirms Twitter purchase
Markets took a turn for the better after BTC reclaimed $40,000 and the excitement over Elon Musk buying Twitter translated to a 20% pump for DOGE price. The cryptocurrency market…
Elon Musk buys Twitter for $44B — crypto industry reacts
The company’s board of directors unanimously approved the deal on Monday but added it was still “subject to the approval of Twitter stockholders.” In the hours and days before Tesla…
Report: Postmates founder Bastian Lehmann launches crypto startup
Although details surrounding the venture remain unknown, its website states the firm seeks to provide “consumer finance solutions for an emerging web.” According to local news outlet FinanceFWD, German entrepreneur…
Bitcoin Price Prediction for Today, April 25: BTC Retraces Above $40,000 Level
The Bitcoin price prediction trades above the resistance level of $40,000 as the coin heads toward the 9-day moving average. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels:…
While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter
Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve…
Elon Musk Purchases Twitter for $44 Billion, Social Media Company Will Transition to a Private Company
On Monday, Twitter announced that Elon Musk has officially acquired the social media platform for $54.20 per share in a transaction valued at $44 billion. After the transaction completes, Twitter…
NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales
Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales…
Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com
The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the…
Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26
The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails. Regulation by enforcement, a fast and economical substitute…
Bitcoin bears tighten their grip on BTC now that $40K is the new resistance level
Mounting concerns about the state of the global economy and traders’ risk-off sentiment continue to weigh on Bitcoin price. Bitcoin (BTC) remains below $40,000 for the third consecutive day and…
Meta will open physical metaverse-themed store in San Francisco Bay Area
The store, which will be located on the company campus in Burlingame, California, will feature a wall-to-wall curved LED screen that displays what users see using Meta VR headsets. Social…