MARKET ANALYSIS - TechNews

Ethereum’s Dencun Upgrade: A New Dawn for Lower Fees and Layer-2 Networks

November 22, 2024 by Liam Kavanagh

Ethereum’s Dencun upgrade, launching on Wednesday at 13:55 UTC, promises significant reductions in transaction fees for layer-2 networks while introducing proto-danksharding for efficient data handling. This crucial update follows the Shapella upgrade and has been eagerly anticipated by the Ethereum community, with many celebrating through livestream watch parties. The implications for lower costs and increased … Read more

IMF Proposes 85% Tax Hike for Crypto Miners Amid Market Pressures

November 22, 2024 by Rajesh Choudhury

Two IMF executives propose increasing global electricity costs for crypto miners by up to 85% through taxes, aiming to reduce carbon emissions while generating significant government revenues. Amidst these discussions, public miners are seeking debt financing as Bitcoin prices decline. The impending expiry of $1.4 billion in Bitcoin options threatens to add further sell pressure, … Read more

Ukraine Harnesses Cryptocurrency to Fundraise Amid Ongoing Conflict

November 22, 2024 by Amina Hassan

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 Soars Past $87,000: Unpacking the Post-Election Crypto Rally

November 22, 2024 by Nina Oliviera

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

Why Polkadot’s Agile Coretime May Propel DOT to New Heights

November 22, 2024 by Liam Kavanagh

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: A Leap Towards Scalability and Efficiency

November 22, 2024 by Rajesh Choudhury

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 Dips Below $50K Amid Rising Market Fears and Liquidations

November 22, 2024 by Rajesh Choudhury

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

AI Takes the Lead: Record Share of Startup Funding in 2024

November 22, 2024 by Rajesh Choudhury

In 2024, AI startups received 35% of U.S. startup funding, a record high. Major funding rounds saw five AI companies raising over $1 billion, led by xAI’s $6 billion. Startups vary from those using AI technology in specific sectors to those developing core AI innovations. The industry awaits to see if this trend in funding … Read more

Revolutionising Data Integration: Embracing Innovation in 2024

November 22, 2024 by Rajesh Choudhury

In 2024, innovative data integration is revolutionising business strategies with technologies like AI, ML, and serverless computing. Traditional methods are being replaced by automation and advanced tools that ensure efficiency and data quality. The rise of IoT increases the demand for real-time data management, while DIaaS offers comprehensive solutions without infrastructure overhead. Balancing advancements with … Read more