Solana, or $SOL, has become a popular digital asset due to its high usability and functional global appeal. It reached an all-time high of $260 per token on November 6th, 2021, but it collapsed to $8.14 after the liquidation of the FTX exchange and Alameda Research. Although the token has shown a recovering trajectory and
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Solana (SOL) experienced a surge in price over the weekend, rising by as much as 5%. After hitting a low of $19.81 on Friday, SOL/USD rebounded to an intraday peak of $21.25 on Saturday. The rebound occurred after solana hit an interim floor at $19.90, which has acted as a last line of defense since
Florida Governor Ron DeSantis recently signed a new bill, SB-7054, which effectively bans the use of central bank digital currencies (CBDCs) in the state. The bill prohibits the use of CBDCs as a form of currency within Florida, as well as any CBDCs issued by other governments. It also calls on other states to follow
At the Sohn Investment Conference held in San Francisco in 2023, seasoned hedge fund manager Stanley Druckenmiller raised concerns about the U.S. economy. While others may be optimistic about a “soft landing,” Druckenmiller predicts a “hard landing” instead. He cited the recent banking industry turmoil and the sharp drop in consumer spending as key factors
The new BRC20 token economy, which is built on top of the Bitcoin blockchain, has experienced a significant surge in growth in the past five days. As of May 11, the total market valuation of the BRC20 token economy has reached $427 million, which marks a 53% increase since May 7. The number of BRC20
On Thursday, the Ethereum blockchain encountered a 25-minute halt in processing ETH transactions and achieving consensus. Ansgar Dietrichs, a researcher at the Ethereum Foundation, stated that the beacon chain had a brief period of non-finalization, which highlights the robustness of the chain. Despite the slowdown of blocks, transactions continued to be processed as usual. Prysmatic
On May 11, 2023, a vintage wallet created on June 19, 2011, relocated 139.7 BTC, worth $3.7 million at the time of transfer. This activity was flagged by Btcparser.com and confirmed at block height 789,291 at 8:14 p.m. (UTC). The wallet that received the transfer still holds the funds as of May 12, 2023, at
Bitcoin is poised for a promising future as it moves closer to the 2024 block subsidy halving, according to market analysts. Bitcoin halving cycles tend to follow a particular pattern that dictates the price activity during a given period. It is anticipated that these cycles will contain a macro high and macro low for BTC
The U.S. Chamber of Commerce has voiced its support for Coinbase and the cryptocurrency industry. The Chamber has criticized the Securities and Exchange Commission (SEC) for its approach to cryptocurrency regulations in a court filing dated May 9. According to the advocacy group, the SEC has deliberately used a “haphazard, enforcement-based approach” to muddy the
Bitcoin (BTC) plummeted to its lowest point since March 17, reaching $26,100 on Bitstamp due to fears of a “head-and-shoulders” pattern that would give bears the upper hand. Despite promising macroeconomic conditions for risk assets, Bitcoin was unable to capitalize on the potential for gains as bid liquidity decreased. Concerns Over “Head-and-Shoulders” Pattern On daily
