MarketsThe last 24 hours have showcased the dominance of artificial intelligence (AI) driven tokens in the cryptocurrency market. Native coins of platforms such as SingularityNET and Fetch.ai (FET +8.11%) gained over 6% and 5% respectively. Fetch.ai, which uses artificial intelligence and machine learning to automate business processes, continued this momentum with an increase of more than 15% in the last month. According to CoinGecko data, with this increase, the artificial intelligence token market value exceeded 10% in the last 24 hours, reaching 27.7 billion dollars. This increase is a significant difference compared to the 2.6% rise of the global cryptocurrency market in the same period.
May 10, 2024MarketsCompared to Bitcoin, Ethereum's Ether (ETH) has "lagged behind" this cycle, and new investors now face the risk of losses. In the latest issue of “The Week On-Chain” newsletter dated May 7, analytics firm Glassnode explained the role of speculators in ETH price support.
May 10, 2024MarketsAlthough Bitcoin's rise in 2024 excites the cryptocurrency market, analysts suggest that the dynamics behind this rise may be different from the bull run in 2021. These differences can give investors valuable clues about future price movements.
May 10, 2024MarketsUnaffected by Bitcoin's (BTC) stalled rise, the meme coin season continues to roll forward. According to analyst pseudonymous Crypto Coryo, data tracking website CoinMarketCap listed a record number of 138 meme coins in April, extending the parabolic rise from just 18 in April 2023. The number could be much higher, Crypto Coryo said, as CoinMarketCap reportedly lists only 10% of all tokens.
May 10, 2024MarketsPopular LUNC developer StrathCole developed the Terra Classic Wallet using the CosmES Wallet Kit and with user interface design contributions from Dawid Skinder. This wallet stands out as an alternative solution by offering more features and a more user-friendly interface compared to the Station wallet. However, it is stated that it is still at an early stage and further development is needed.
May 9, 2024MarketsLightning Labs is working on a new technology that could significantly expand Bitcoin's capabilities. The Taproot asset protocol aims to integrate fixedcoins and tokenized assets into Bitcoin. This innovation has the potential to reduce transaction speed and costs while reinforcing Bitcoin's power as a digital store of value.
May 9, 2024MarketsThe cryptocurrency market is buzzing with the recent rise of Shiba Inu (SHIB). SHIB price is rising due to a combination of positive on-chain factors, creating bull market excitement among investors. At the time of writing, SHIB is trading at 0.0000227, with a one-week increase of 8%. However, although it may face short-term corrections, the overall outlook is positive.
May 9, 2024MarketsAccording to Santiment data, there was a significant increase in social media discussions about Monero after LocalMonero's closure announcement. This intense interest in Monero (XMR) coincides with ongoing efforts by governments to regulate privacy-focused assets.
May 9, 2024MarketsBitcoin price fell again on Thursday. High US interest rates and concerns about increased regulatory scrutiny of the cryptocurrency industry's leading players have hindered market relief.
May 9, 2024MarketsThe Bitcoin (BTC) network not only maintains its position as the pioneer of the cryptocurrency market, but is also known as the safest and most robust network. Supporting this perception, CryptoQuant CEO Ki Young Ju hinted that the network could handle a much higher value than it currently has. So, how strong is the Bitcoin network and what kind of value awaits us in the future?
May 9, 2024MarketsEuropean Union (EU) crypto asset service providers are preparing for the upcoming Markets in Crypto-Assets (MiCA) regulations with a new insurance solution from Marsh McLennan's insurance and risk advisory company. This solution, called MiCAssure, aims to protect both retail users and institutional investors by bringing security and stability to the digital asset ecosystem.
May 9, 2024MarketsThe cryptocurrency market has gained momentum in South Korea. Emart24, the country's leading convenience store chain, has signed a remarkable partnership with the local cryptocurrency exchange Bithumb, bringing a different approach to Bitcoin purchasing. Within the scope of this partnership, customers will be able to own cryptocurrency by purchasing the "Bitcoin lunch box" prepared in cooperation with Bithumb.
May 9, 2024MarketsThe cryptocurrency market is having a busy time with a controversial stablecoin proposal and XRP's technical outlook. This proposed stablecoin has raised concerns in the investor community as it has been labeled an “unregistered crypto asset” by some regulators. This is due to the long-running regulatory battles that Ripple has been facing. Ripple's past legal issues with XRP have significantly impacted the cryptocurrency's performance and set the tone around XRP.
May 9, 2024MarketsCryptocurrency markets have been trending sideways lately, but a new storm has appeared on the horizon. Not only are markets losing bullish momentum, they may face selling pressure in the coming weeks due to the unlocking of billions of dollars worth of assets and a significant Bitcoin distribution. This indicates that there may be a correction phase in the market for a while longer and this may cause the recovery to be delayed.
May 9, 2024MarketsBitcoin, the leading cryptocurrency by market cap, lost almost 15% in April, ending a seven-month uptrend.
May 9, 2024MarketsThe U.S. Attorney's Office for the Southern District of Florida announced Tuesday that Todd pleaded guilty to "willfully causing Digitex to violate" the Bank Secrecy Act. It is known that the authorities had previously charged the former CEO in February.
May 8, 2024MarketsAmid a broad decline across the cryptocurrency market, Bitcoin price fell towards $62,000 in the Asian and European morning sessions on Wednesday. This indicates the loss of some of the gains from last weekend's rally. At the time of writing, the Bitcoin price is around $62,200 and has lost almost 2.9% in the last 24 hours. CoinDesk 20 Index (CD20), which measures the performance of the entire digital asset market, experienced a deeper decline, losing 3.65% in value. Solana, one of the leading altcoins, was one of the most affected by this decline, falling by 6.5% to $ 146, while Ethereum lost approximately 3.63% and is traded around $ 3,000.
May 8, 2024MarketsAccording to a poll conducted in six “swing states” based in the United States, 70% of voters think the current financial system is “outdated” and agree it needs an update. However, most of these people think that cryptocurrencies are not a solution either. The research, conducted by the Digital Currency Group and the Harris Group, found that the majority of respondents think the current financial system supports elites over regular people. However, almost 75% think cryptocurrencies are no more fair than the current system. Only 41% of survey respondents agree that cryptocurrencies offer a new path to financial security and prosperity, while 35% believe cryptocurrencies are the future of trading.
May 8, 2024 