Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows.
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Ethereum price risks ‘bear flag’ breakdown, 20% drop against Bitcoin
Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows.
‘Hypocrisy’: Judge denies SEC motion to keep Hinman docs secret in Ripple case
The SEC has argued that the documents should be protected because Hinman wrote the speech as a “personal errand,” but the judge didn’t buy it.
Institutional investor sentiment about ETH improves as Merge approaches
Professional investors are warming to Ethereum again as ETH-based funds see a third consecutive week of inflows.
Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets
The counsel for liquidators said he didn’t know the current location of Zhu or Davies, alleging the duo have not provided "meaningful cooperation" with the liquidators.
California regulator investigating crypto interest accounts
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager.
Bitcoin to make new all-time-highs within 24 months: Coinshares CSO
Bitcoin (BTC) may have further to fall, but Coinshares chief strategy officer Meltem Demirors believes the top cryptocurrency will reach new all-time highs within the next 24 months.
Speaking on CNBC’s Squawk Box on July 11, Demirors noted that Bitcoin has always been a “cyclical asset” with drawdowns from peak to trough at 80 to 90% historically.
With Bitcoin currently sitting at about 65% down from its all-time highs in November 2021, Demirors believes “there is still room for some downward correction.”
However Demirors noted there has been strong support around $20,000 and that she did not expect Bitcoin to fall below $14,000. She predicted the pain would be a distant memory by 2024, saying:
“In the next 24 months, we will see new all-time highs in Bitcoin.”
Bitcoin to make new all-time-highs within 24 months: Coinshares CSO
Demirors however said she certainly expects “more pain ahead” for tech stocks and crypto as we head closer to recession.
US Treasury study finds CBDCs a plus for commercial bank stability
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study.
US Treasury calls for public comment on digital asset policy, following Biden's executive order
President Joe Biden's executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations.
SEC extends window to decide on ARK 21Shares spot Bitcoin ETF to August
J. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.”
SEC extends window to decide on ARK 21Shares spot Bitcoin ETF to August
J. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.”
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
CKB booked a 35%+ gain after the release of its Godwoken L1 solution and the launch of a new NFT marketplace.
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
CKB booked a 35%+ gain after the release of its Godwoken L1 solution and the launch of a new NFT marketplace.
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media and lackadaisical interest from crypto investors.
One crypto that managed to flash green on June 12 is the Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized applications (DApps).
Data from Cointelegraph Markets Pro and TradingView shows that CKB put on a 50% gain in July after climbing from a low of $0.0033 on June 30 to a daily high of $0.005 on July 12.
CKB/USDT 4-hour chart. Source: TradingViewThree reasons for the positive gains for the Nervos Network include the launch of the network's layer-2 (L2) solution Godwoken, the integration of the Celer c-Bridge within the Godwoken protocol and the launch of a new nonfungible token (NFT) marketplace on the Nervos mainnet.
Nervos launches a layer-2 solution
The recent price rally for CKB was ignited on June 29 when the protocol announced that its L2 solution “Godwoken” had officially launched on the Nervos Network mainnet.
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media and lackadaisical interest from crypto investors.
One crypto that managed to flash green on June 12 is the Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized applications (DApps).
Data from Cointelegraph Markets Pro and TradingView shows that CKB put on a 50% gain in July after climbing from a low of $0.0033 on June 30 to a daily high of $0.005 on July 12.
CKB/USDT 4-hour chart. Source: TradingViewThree reasons for the positive gains for the Nervos Network include the launch of the network's layer-2 (L2) solution Godwoken, the integration of the Celer c-Bridge within the Godwoken protocol and the launch of a new nonfungible token (NFT) marketplace on the Nervos mainnet.
Nervos launches a layer-2 solution
The recent price rally for CKB was ignited on June 29 when the protocol announced that its L2 solution “Godwoken” had officially launched on the Nervos Network mainnet.
French central bank head announces beginning of wholesale digital euro project phase 2
The French presidency of the European Union winds down with the completion of wCBDC experiments, design of proprietary blockchain and automated market maker platform.
Sri Lanka central bank reiterates crypto warning following protestors seizing president's residence
Thousands of Sri Lankans took to the streets of Colombo in protest of the government’s response to the economic situation in the country.
Blockchain-based games see an uptick in users despite bear market conditions
Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate projects to stand out.
While most investors are focused on the latest CeFi and DeFi scandal, the blockchain gaming sector has quietly weathered the storm better than other niches of the market.
Total number of unique active wallets interacting with smart contracts. Source: DappRadarAs shown on the chart above, all sectors of the market have experienced a noticeable decline in active users, but the gaming sector has proven to be the most resilient at retaining users as the bear market intensified.
Transactions continue to rise
Further proof of the continued engagement by gamers can be found by looking at the number of transactions occurring in the top sectors of the market.
Total number of transactions sent to smart contracts. Source: DappRadarWith a current count of 173.17 million, the number of gaming-related transactions is significantly higher than any other sector of the market with the second closest sector being decentralized finance with 8.86 million.
Blockchain-based games see an uptick in users despite bear market conditions
Data shows blockchain-based gaming protocols registered a steady uptick in daily active users and transactions despite the current bear market conditions.