The recent significant decline in the price of Bitcoin can be attributed to several complex factors. After the Consumer Price Index (CPI) data, the price of Bitcoin surged above $28,000. However, it was short-lived and the bears quickly took in charge of the situation. Here are a few reasons why the Bitcoin price is declining.  Fake news and shockers Despite […]

While the crypto space suffers through a bear market, venture capital (VC) firms are still making deals in 2023, demonstrating that the space is alive and well despite the “crypto winter.” According to PitchBook’s Crypto Report for the first quarter of 2023, crypto companies raised $2.6 billion across 353 investment rounds. While it shows the space is still active, it’s […]

Bitcoin price continues to fall, dragging the broader crypto market down with it. BTC is down 4.52% in the last 24 hours, while ETH is down 4.10%. With a current price of $26,289, Bitcoin records its lowest value since March 14 this year, when the price dipped as low as $26,544. Why Is Bitcoin And Crypto Down? As always, the […]

According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have been frozen, which includes imported […]

BlockGPT, a recently launched Web3 company, announced the launch of its ‘chat to earn’ artificial intelligence (AI) service and related blockchain ecosystem on May 11.  According to the company, BlockGPT aims to create a decentralized, token-governed chatbot on the blockchain with similar functionality to OpenAI’s ChatGPT. The AI model’s launch comes alongside the offering of two tokens, a governance token […]

The Federal Reserve’s forthcoming instant payment service FedNow will be integrated with Metal Blockchain, according to a May 11 announcement from the Metal Blockchain team. The announcement said that the integration will allow Metal users to instantly convert funds to stablecoin and back again using FedNow’s “send/receive” function. FedNow is an instant payment system developed by the United States Federal […]

Exploring the intricacies of Ripple, Coinbase, Ethereum, and XRP might reveal some unexpected insights. Bill Morgan, who is qualified to practice law in both the UK and Australia, took to Twitter on May 10, 2023, to share his thoughts on these subjects, opening up an intriguing perspective on their interconnected operations and strategic directions. In a series of tweets, Morgan […]

On May 11, Milady (LADYS), the self-organized memecoin of the namesake anime avatar nonfungible tokens (NFT) collection, surged by over 5,250% within 24 hours to trade at a $0.0000001528 at the time of publication. The day prior, American business magnate Elon Musk tweeted a meme using the imagery of a Milady NFT, sending the average Ether (ETH) sale price of […]

Uniswap (UNI) has been experiencing downward movement due to general market sentiment. The downtrend started on April 19, dropping from $6 to $5. However, the price rises gradually, indicating that the bulls are building momentum. This slight increase has left traders wondering if the bearish trend is over and whether things might start getting better for Uniswap (UNI). Signs of Bullish […]