Ukraine’s government has raised $63.8 million through crypto donations since the invasion began. With over 120,000 contributions, notable donations include $5.8 million from Polkadot’s founder and a CryptoPunk NFT worth $200,000. Despite the success, the rise of scams targeting those wishing to support Ukraine highlights the need for vigilance in this new fundraising landscape. In … Read more
Bitcoin has surged to a record high of over $87,000, driven by optimism following Donald Trump’s election victory. Traders are encouraged by anticipated regulatory changes that may favour cryptocurrencies, alongside significant gains seen from approved spot Bitcoin ETFs. However, the cryptocurrency market remains volatile, with warnings about the risks of sudden losses. Environmental concerns about … Read more
The cryptocurrency market has surged, with Bitcoin and Ethereum leading the charge. Yet, Polkadot’s DOT token has underperformed with only a 2% increase. Recent updates, particularly Agile Coretime, aim to revolutionise the platform by easing the development process for Web3 projects. This could lead to a more favourable market position for the DOT token, promising … Read more
Ethereum’s Dencun update, launching Wednesday, aims to enhance its Layer 2 networks by reducing transaction fees and improving scalability. With significant changes like proto-danksharding and blob data storage, the update is set to transform user experience, according to reports from Grayscale and Fidelity. However, users on the main blockchain may not benefit as much as … Read more
Bitcoin dropped below $50,000 for the first time since February, influenced by geopolitical tensions and recession fears, while Ether experienced its steepest decline since May 2021. The crypto market faced over $1 billion in liquidations, triggering a notable fear index response and major capital outflows from digital assets. In a turbulent start to the week, … Read more
Bitcoin Pizza Day, celebrated on May 22, marks the first-ever commercial transaction using Bitcoin when Laszlo Hanyecz paid 10,000 BTC for two pizzas. Initially valued at just $41, the pizzas’ worth skyrocketed as Bitcoin gained popularity, demonstrating the cryptocurrency’s monumental rise. Despite the incredible valuation, Hanyecz remains unfazed, illustrating the early novelty of Bitcoin. The … Read more
China may reconsider its ban on Bitcoin, fuelled by a recent court ruling that recognised Bitcoin as a legal currency. Although speculation runs high, scepticism lingers due to the government’s history of imposing bans. Bitcoin, meanwhile, remains legally owned but cannot be traded or mined, creating an ongoing tension in the crypto landscape. The crypto … Read more
Bitcoin’s regulatory landscape is unpredictable and varies globally. Price swings are influenced by government actions, with instances like China’s crackdown or the U.S. Bitcoin Spot ETF approvals showcasing these dynamics. The lack of a unified stance among regulators leads to confusion, complicating the classification of cryptocurrencies and their governance. Countries like Japan and South Korea … Read more